Serving global markets, Skrill employed more than 800 persons as of 2014 with revenue streams of around $330 million the same year. Skrill Limited was established in the year 2001 and has its headquarters in 25 Canada Square, London UK. It also allows its clients to input shipping information and credit card details directly to its website unlike most platforms that prompt one to sign up first 5) Skrill the acquisition was mainly to expand to other e-commerce markets, prevent fraud and promote data security.Ī allows payments through its website and via the Internet protocol (IP).
In the year 2004, it was acquired by Lightbridge for close to the US $85 million and later by CyberSource and Visa Inc. As at the end of the year 2004, had close to 100,000 customers. With its headquarters in Fork, Utah, the company targets small and medium-sized business enterprises. 4) Ī was founded in 1996 as an e-commerce payment platform. 2checkout has numerous tie ups with many top companies, making it one of the top Paypal competitors. Its enterprise partners that deal with mid-sized and large businesses are able to refer more than 30 customers in any given month, are supported by partnership managers and enjoy a higher revenue share. Through its local payment options, 2checkout allows for fraud prevention and PCI compliance. It also supports more than 8 payment methods, close to 100 currencies and has been translated into more than 16 languages. 3) 2CheckoutĪlso regarded as one of the best online payment platforms, 2checkout enables buyers from anywhere in the world to make online payments to more than 100 shopping carts, more than 200 markets and 50,000 merchants globally. Some Wepay investors include Eric Dunn of intuiting, Steve Chen of youtube, Orlando Ramos of and Dave McClure among others. They then outsourced for funds and by the end of 2010, more than $10 million had been raised. Initially, PayPal transfers were regarded as cumbersome thus Aberman and Clerico teamed up to form Wepay so as to solve those PayPal weaknesses. Providing online money transfer service through APIs, Wepay also guarantees protection from any arising risk and fraud. It employs more than two hundred people with YPE its subsidiary. Wepay has its headquarters in California and was founded in the year 2008 in Boston, Massachusetts. Because of the deep pockets that Google has, google wallet might become one of the strongest Paypal competitors.
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Again the NFC payment was its other advantage although the two were discontinued after the inception of android pay thus forming one pay system known as Google pay. With a Google wallet card, funds can be withdrawn from any ATM and purchases made in stores or at any point of sale. The Wallet is available through an App that can be supported by Android 4. One creates a Google wallet account then links it to an existing bank account. This was developed by Google to enable users to send and receive money at no cost either by using their mobile devices or personal computers at no charge. The following are top PayPal competitors: 1) Google Wallet The following are top PayPal competitors:.Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Our open digital payments platform gives PayPal’s 325 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy.
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