Paypal may be one of the most commonly-known money transfer services but it's not the only one. We've rounded up 9 alternatives that might suit your needs better.
What to choose
If you are among the 25 million sellers who conduct business on eBay, there is really no escaping PayPal. Because eBay owns PayPal, using that service is a requirement for setting up a seller account in the first place, and most competing online transaction services are banned. eBay has been tied up in litigation, defending itself against a class-action antitrust suit related to PayPal, but the dust is still settling.
If avoiding PayPal is a priority, but buying and selling on eBay are imperative, Moneybookers is your best option - at least for now. Google Checkout and Amazon Payments are solid options from credible online brands, and Digital River provides online merchants with powerful shopping cart and e-commerce tools.
Of these alternatives, RevolutionMoneyExchange is the most compelling overall for businesses. More than just a method of transacting money exchanges on eBay, it seems most like PayPal in its ability to transform the way money is used and exchanged, including such simple tasks as paying a friend for your half of a lunch tab.
PayPal is likely to remain the most recognised brand in online transactions for quite some time. But other companies are availing themselves of the opportunity to jump on the Internet commerce bandwagon and compete. Ultimately, both consumers and merchants will benefit from the competition because it will drive innovation, keep costs in check, and provide choices.