It’s never a smart idea to have only one payment method on your website. Customers usually don’t use only one payment method, or if they do, there’s a chance that they don’t use the one you listed. The more, the merrier – as they say.

payment methodSo, PayPal is the world’s leading payment system that’s great and functional. However, PayPal does have its limitations and, as we said before, it’s not a good idea to have only one payment system on your website. By using alternatives and multiple payment systems, you guarantee a large customer base. Here are 5 of the best high-risk payment alternatives!

Google Wallet

Google Wallet, or as it was previously called, Google Checkout, is a great alternative to PayPal and is used globally. Google Wallet does have fewer features than PayPal, but it doesn’t fall short on quality where it matters. The fees are entirely reasonable and acceptable. Take this example as proof: You don’t pay anything extra if you send money from your bank account or your Google Wallet. However, the fee is around 2.9% if you’re sending money from a credit card. It is also free to receive money from others or transfer it to your bank account, which is different than what PayPal requires.

You can’t send more than $10,000 per transaction and more than $50,000 per 5 days. An interesting and somewhat annoying limit is that you can’t send more than $500 per 30 days if you’re sending money to your Wallet from a credit or debit card. If you’d like to find out more, you can check out some alternative high-risk payment reviews.


Skrill was called Moneybookers before so you might already know about it. Skrill is globally focused. However, they have targeted the United Kingdom and the countries in Europe because merchant fees there are much more inviting than anywhere else in the world. Skrill is accepted in some of the most famous pieces of software such as Upwork, eBay, and Skype.

It’s one of the easiest payment method alternatives because everything is readily available and it’s very simple to use. The fees are incredibly low, but this can change from country to country. There’s a 1% sending fee (which is limited to a maximum of 10 euros) and no receiving fees! Merchant fees are naturally higher but still completely acceptable. UK merchants have fees of 1.4% + 0.20 pounds with 50,000 euros or more in monthly sales, while non-European merchants have fees of 3.9% + 0.35 pounds with a monthly sales volume of around 2,500 euros. As you can see, the UK and European fees are much lower than global fees.


Payoneer is fairly similar to other payment systems but what makes it different from the rest is that you have the possibility to create a virtual US bank account. Of course, this is for people who don’t live in the US but require a US bank account (this might cause some legal issues so you’ll need to check if it’s legal).

The biggest downside of Payoneer is their fees. The fees are fairly high, including a yearly fee of $29.95. ATM withdrawals cost $3. Transaction fees are also present. All in all, as much as Payoneer is expensive, it’s useful and very popular all around the world. is a somewhat less known payment system, but it gets the job done. They charge $49 for setting up your account, and you have to pay $25 monthly to keep operating. You also have transaction fees. This might sound expensive, but you get a wide variety of exciting tools and a higher-quality on-site payment gateway. This means that you’ll be able to accept all major credit cards!


According to multiple customer accounts, Stripe is one of the most popular PayPal alternatives right now! Stripe is great because you can accept on-site payments without paying a monthly fee, which is usually required. However, Stripe is complicated. It’s so complicated in fact that people sometimes stray away from it simply because of the complexion. After all, it’s targeted at programmers and developers. If you do manage to set everything up, it’s going to be great!

Kate Ashton is a writer at Shark Processing is a wonderful source for startup, small & medium-sized business owners & merchants to check plenty of genuine & unbiased high risk merchant account reviews & articles before opting for one. Connect with Shark Processing through Facebook and Twitter.


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