There are many people out there looking for an alternative to PayPal, though, for different reasons. The most common reasons are: They have been banned from PayPal for some reason and PayPal does not offer its services in their country. Below are reviews of some alternative companies that provide PayPal-like services, we will add more reviews from time to time.

Moneybookers.com:

Moneybookers is a U.K based online money transfer service which is known for its reliability and security.

Services:

• Online person to person money transfer. You can send money and receive money from any person with an E-mail address.
• Pay for auctions on sites like uBid and Yahoo Auctions, like PayPal is used on e-bay. More auction sites on Moneybookers website.
• Escrow payment for services or goods. Service could be a freelance service like web design or development service.
  

  What is Escrow?

  Those who don't know, Escrow is a type of service in which a middle party holds payment from the buyer and waits till the seller releases the goods or products to the buyer according to an agreement.

• Do online shopping on shopping sites accepting Moneybookers as a form of payment. The list of sites is provided on Moneybookers website.
• You can also pay using your mobile phone to any mobile number worldwide.

Fees:

Moneybookers charges a very low fee of 1% of transaction amount up to a maximum of 0.7$ and this fees is only charged from the sender, the receiver receives money for free. For Merchant Services, fees depends on monthly volume which is also very reasonable.

Upload and withdrawal options:

You can upload money to your Moneybookers account through Bank Transfer for free. Another option is through Credit Card for which there is a fee of 1.9%, quite reasonable. For withdrawals, Local Currency Withdrawals are supported mostly for European countries. For international users, the fees for withdrawal into your Bank Account is 2.3$. Another withdrawal option for international users is through check which costs 4.5$. For some supported countries, money can be withdrawn directly into a Visa card for a fee of 2.5$

Conclusion:

Based on their features and reviews, we can safely say that Moneybookers is a good PayPal alternative if PayPal is not available to you, though it is not acceptable as PayPal. Still it is the best option for people in countries like Pakistan where PayPal is not available. For online shopping payments, it is suitable only for European users as most of the merchants accepting Moneybookers belong to Europe. For international users, you can benefit if you want to send or receive a payment to a person and not a company, as there are a handful of companies that accept payments through Moneybookers.

Stay away from SWREG.ORG:

SWREG.ORG advertises itself as a PayPal alternative, but it is almost impossible to receive payment through them if you have a small business with low transactions.

They require a large number of orders to complete before they release any of your payment.  Even then, they never release the full amount, they always keep the funds of newest transactions with them in case any customer opts to charge back.

Their processing is also riduculously slow.  For example, if you receive a payment on any date during the current month, it will be added to your account on the 30th of this month and it will be released on 15th of next month.  So it will be at-least two or more months before you can receive your first payment.

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