Wed 03 Sep 2014 | By:

The Top PayPal Alternatives You Need To Know About

The concept of making choice between e-commerce and traditional store shoppingWho hasn’t heard of PayPal?

In fact, 18% percent of eCommerce is represented by PayPal. It’s been around since 1998, and it’s become popular as an easy system to use.

But that doesn’t mean it’s the only option for your business. There’s a new breed of eCommerce platforms that make it easy for small business owners, entrepreneurs just starting out, and creators to sell online. Whether you’re selling digital or physical products or services, you shouldn’t assume PayPal is the only simple choice for your online business.

The following eCommerce options are PayPal alternatives worth considering if you’re looking to sell online.

Use Your Own Website or Create a Free Online Storefront

Selz allows users to sell digital, physical, services, and subscriptions quickly and easily. You can create your own free Selz online storefront, or you can embed a buy now button or a store into your existing website. It’s free to sign up, and there is a small-transaction fee when you make a sale.

Selz, like PayPal, handles the payments. But Selz also has other important features, including inventory management, automated digital delivery, video streaming, reviews and integration with email software like MailChimp and AWeber.

Selz is mobile friendly, which is important as many shoppers use their tablets to make online purchases. Payment options include the choice of credit card or PayPal.  Selz handles the processing of payments and then transfers money directly into a bank account (for United States & Australia) or a PayPal account.

You don’t need any special technical skills to create an online store using Selz.  It’s very user-friendly, and professional looking.  When growing your business, it’s essential the sales process is seamless.  Selz’s checkout process is simple, streamlined and customer-friendly. It’s a great choice if planning on selling digital products like eBooks, video tutorials as you can upload files up to 15GB, and Selz handles the hosting, delivery or MP4 streaming for you.

Jessica Sepel sells her ebook from her website:

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Vaughan Ling created his own free Selz store:

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Sell Locally and Online

If you are a local business, and want the ability to sell both online and at your retail store, Square Market is a great option. You can build your own online storefront, and accept payments in person using the Square Reader. It works with any smart phone and deposits money directly into your bank account.

The Square Market also charges a small fee per sale, is a simple streamlined system, and doesn’t require any special technical skills. Square Market is good for physical businesses that want also want to sell some products online. In fact, some Whole Foods stores use the Square Market to sell to-go items. Customers simply buy the item online, and pick it up in the store.

The Square Market also allows customers to browse all stores by category, including jewelry, babies and kids, home, and health and beauty. With the Square Reader, you are not limited by location. For example, you can use it to process sales at a trade show or special event. If you intend to sell your products both online and off, it makes sense to choose one checkout system for all your sales.

The Whole Foods Market in San Francisco, California sells deli foods online for pick up:

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Join a Specialty Marketplace

If your product is very specific, you may want to consider selling from a specialty marketplace platform.  These platforms cater to one category of products.  They are a great option if you don’t have much of a following yet and don’t mind potentially paying higher fees than selling it from your own site..

Here’s a few popular specialty marketplace platforms:

Etsy is exclusively for handmade goods, vintage items, and craft supplies.  It doesn’t have a membership fee, but charges a small fee to list and sell items.  It’s a great option if you’re in the crafting niche.

ArtPal allows artist to sell any type of art, including prints, photography, prints, and handmade jewelry/crafts.  It also has free print-on-demand service and will handle all printing and shipping for each order.  Buyers also have the option of framing your artwork. It’s great if you want a hands-off option to sell your artwork.

TuneCore is a music selling site that distributes music, and helps with publishing rights. It helps to get your music sold iTunes, Google Play, Spotify, X-Box Music, and more.  You pay a small fee for each album or single, but you keep 100% of your revenue and rights.

Udemy is an online learning platform with more than 16,000 courses.  Setting up a course is free, but how much Udemy charges depends on how the student found the course. If you send them directly to your course, you keep 100% of the revenue (minus payment fees). If an existing Udemy student buys your course, you keep 50% of the sale.

 

New Platforms Offer New Benefits

Customers want the convenience of buying online, from their computer, tablet or smart phone. So it’s no wonder that more business owners, entrepreneurs and creators want to grow their own online business. Many of these business owners have no prior experience with eCommerce, so PayPal may be the obvious choice – but it’s clearly not the only choice.

When growing your eCommerce business, don’t overlook these new platforms or neglect to write a business plan. Choose the one that best fits your unique business plan, and will help you grow your online business.

About Liesha Petrovich

Liesha is a small business owner of 20 years, host of Startup Savant, the owner of a karate dojo in Maine, and creator of Work Mobly. During free time she's with her family and working on a Doctorate in Entrepreneurship.