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Did you ever make a purchase from eBay? If answered yes, you would most likely use PayPal to complete your transaction. Irrespective of professional or personal use, PayPal is always the most popular form of online payment service which is used by millions of people to receive and send money. But that doesn't mean that this company doesn't have competitors. With the increase in the number people who transact online, the online payment options are also gaining momentum like never before. It has been predicted by experts that the entire market for mobile payments will reach up to $240 billion by the end of 2017. This is the reason behind the ace companies like Apple and Facebook testing their stand with their personal mobile payment services. If you've never come across the other online payment companies apart from PayPal, here are some that you may consider.
- Google Wallet: Once upon a time, Google Checkout was Google Wallet. Although there is a change in the name, the features have all remained the same. It is simple, safe and can allow some rapid transfer of money to a bank and from a bank. This online payment option also shares some similar features to PayPal as its ability to process cards and send out invoices.
In a nutshell, there are quite a large number of online payment options which can give the ace company, PayPal a run for its money. Nevertheless, PayPal is still deemed to be the number one online payment solution which helps millions of companies carry on safe and sound monetary transactions online everyday. You can stay informed about the other alternatives but it's your discretion about which one you should use.