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I'm looking at using Paypal for my next business, and it scares me that there is no recourse whenever an issue arises. I need to receive payments and send paym

I'm looking at using Paypal for my next business, and it scares me that there is no recourse whenever an issue arises. I need to receive payments and send payments to workers, mostly in Europe. I'm doing a marketplace for jobs kind of like Upwork. I'm based in the USA, so Paypal makes it possible. Are there any alternatives to Paypal? I've been talking with Payoneer, but they have not inspired much confidence. I had my paypal account frozen about 10 years ago for a bullshit reason, and I'd like to avoid using them again.

Markoff 10y ago
they are both horrible, payoneer failed to reactivate my account or even answer to my request plus they have very steep fees also if you have their card with some balance they ask insane 30$ yearly fee PayPal is similarly bad, takes around 5% of my received income, but sadly 2 of my vendors don't accept any other payment solution and i can't afford to lose that income
gravyboat 10y ago
Did you check out Stripe connect?: https://stripe.com/connect https://stripe.com/connect I'm not sure if that will work for your business but it's worth checking into.
Markoff 10y ago
i am using this market places and PayPal requirement would be very off putting, why not just use wire transfer? wire fees sure are much lower than 5% PayPal robbery they are committing when i am receiving money, I would much rather take off wire fee from money i am suppose to receive than deal with PayPal
- coupdejarnac 10y ago
  Wire transfer is definitely the way to go if transactions are only Europe to Europe or USA to USA. Unfortunately, I'm doing business in UAE, too, which creates huge problems. :/
  - Markoff 10y ago
    I have zero problems to do wire even from US to Europe, heck I did even transfers from China to EU, but with help of Chinese national to circumvent their low forex limits (of course this is not solution for regular business, but neither is Paypal in China, only reasonable solkution without help of local is bitcoin, which I find risky for large sums)

Markoff 10y ago

they are both horrible, payoneer failed to reactivate my account or even answer to my request plus they have very steep fees also if you have their card with some balance they ask insane 30$ yearly fee PayPal is similarly bad, takes around 5% of my received income, but sadly 2 of my vendors don't accept any other payment solution and i can't afford to lose that income

gravyboat 10y ago

Did you check out Stripe connect?: https://stripe.com/connect https://stripe.com/connect I'm not sure if that will work for your business but it's worth checking into.

Markoff 10y ago

i am using this market places and PayPal requirement would be very off putting, why not just use wire transfer? wire fees sure are much lower than 5% PayPal robbery they are committing when i am receiving money, I would much rather take off wire fee from money i am suppose to receive than deal with PayPal

coupdejarnac 10y ago
Wire transfer is definitely the way to go if transactions are only Europe to Europe or USA to USA. Unfortunately, I'm doing business in UAE, too, which creates huge problems. :/
- Markoff 10y ago
  I have zero problems to do wire even from US to Europe, heck I did even transfers from China to EU, but with help of Chinese national to circumvent their low forex limits (of course this is not solution for regular business, but neither is Paypal in China, only reasonable solkution without help of local is bitcoin, which I find risky for large sums)