This is a list of PayPal alternatives in Kenya. PayPal is a worldwide online payments system that supports and facilitates online money transfers. It is a global leader in online payment solutions that allow one to pay in any way, for example through credit cards and bank accounts.
In Kenya, PayPal is a common means of money transfer among online writers, especially academic and article writers. Most Kenyan writers prefer PayPal as a means of money transfer because it is faster and safer in terms of confidentiality, as it doesn’t share financial information with a third party. Things are going to be tough for most Kenyan academic writers as PayPal recently announced that it will cut ties with essay/academic writing firms, over allegations of academic cheating. The move will force many writers to seek for best alternatives for money transfers.
Below is a list of best PayPal alternatives in Kenya.
1. Payoneer
It is a financial company that supports online money transfer and digital payment services. Payoneer account holders can send and receive funds into their respective bank accounts, a re-loadable prepaid MasterCard/debit card or a Payoneer e-wallet. It generally takes 2-5 working days for global bank transfers via Payoneer.
2. TransferWise
It is a global company that was founded in 2010, with a vision of making international money transfers cheap, fair and simple. One advantage of the service is that it features the borderless account which lets you hold over 40 currencies at once, and convert them at your own convenience. The borderless account comes with a debit Mastercard that lets you spend anywhere in the world at affordable exchange rates.
3. Skrill
It was formerly known as Moneybookers. It is a global company that allows payments and money transfers to be made across various countries, with a focus on low-cost international money transfers. You can link bank accounts and make payments with only your email address and password.
4. Worldremit
It is an online money transfer service that provides international remittance services to over 145 countries around the world. The service allows you to choose whether your transfer is received as a bank deposit, cash pickup, mobile money or airtime top up.
5. Moneygram
It is a global provider of innovative money transfer and payment services. It provides money transfer service in 200 countries around the world. It supports global funds transfers and financial paper products to individuals and businesses through a network of agents and financial institutions.
6. Western Union
It offers worldwide financial services such as person to person money transfer, money orders, business payments and commercial services. Money transfers sent to Kenya must include a test question, while the maximum send amount from Kenya is 10,000 dollars.
