PayPal is one of the most widely used online payment platforms worldwide. However, in Ghana, PayPal has limitations, including the inability to receive payments. This has led businesses, freelancers, and individuals to seek alternative payment solutions that offer reliability, security, and ease of transactions.
In this article by Accra Street Journal, we explore the best PayPal alternatives in Ghana, their features, transaction fees, and how they compare to PayPal.
1. Payoneer
Payoneer is one of the most popular alternatives to PayPal in Ghana, especially for freelancers and online businesses. It allows users to receive payments from international clients and withdraw funds in Ghanaian cedis.
Key Features:
- Receive payments from global clients and marketplaces (Upwork, Fiverr, Amazon, etc.)
- Free Payoneer account with a virtual US, UK, and EU bank account
- Mastercard debit card for ATM withdrawals and online purchases
- Integration with e-commerce platforms
Fees:
- Receiving payments from clients: Up to 3%
- Bank withdrawal: 1% – 3%
2. Wise (formerly TransferWise)
Wise is a trusted international money transfer service that offers low fees and real exchange rates. It is an excellent choice for receiving and sending money abroad.
Key Features:
- Multi-currency account with international bank details
- Low conversion rates compared to banks
- Fast transfers with transparent fees
- Integration with business accounts
Fees:
- Bank transfers: 0.5% – 2%
- Currency conversion at real exchange rates
3. Skrill
Skrill is another viable PayPal alternative that allows users to send and receive money, pay online, and even buy cryptocurrencies.
Key Features:
- Supports multiple currencies
- Instant money transfers
- Works with local bank withdrawals and mobile money
- Skrill prepaid Mastercard available
Fees:
- Sending money: 1.45%
- Bank withdrawals: Up to 5%
4. WorldRemit
WorldRemit is an international money transfer service that allows users to send money to mobile money wallets and bank accounts in Ghana.
Key Features:
- Fast international transfers to Ghanaian mobile money wallets
- Multiple funding methods (bank account, card, etc.)
- Competitive exchange rates
Fees:
- Transfer fees: $0.99 – $3.99
- Exchange rate margins apply
5. Flutterwave (Barter by Flutterwave)
Flutterwave provides digital payment solutions for businesses and individuals. It offers virtual dollar cards, mobile payments, and merchant solutions.
Key Features:
- Supports Visa, Mastercard, and mobile money transactions
- Virtual dollar cards for online payments
- Business-friendly payment solutions
Fees:
- Transaction fees vary based on payment method
- Card funding fees apply
6. MTN MoMo (Mobile Money)
MTN Mobile Money is a widely used payment system in Ghana that allows users to send and receive money via their mobile phones.
Key Features:
- Instant money transfers across Ghana
- Bill payments and online shopping
- Integration with some international payment platforms
Fees:
- Transfer fees: 1% – 3%
- Withdrawal fees apply
7. Western Union
Western Union is a traditional money transfer service that allows users to receive international payments in Ghana through bank deposits or cash pick-up locations.
Key Features:
- Wide network of agents across Ghana
- Send and receive funds globally
- Available online and in physical locations
Fees:
- Transfer fees vary based on location and amount
FAQs About PayPal Alternatives in Ghana
1. Why is PayPal not fully available in Ghana?
PayPal’s restrictions on Ghana are due to regulatory and financial security concerns. Currently, users in Ghana can only make payments but cannot receive funds through PayPal.
2. What is the best alternative to PayPal for freelancers in Ghana?
Payoneer and Wise are the best alternatives for freelancers, as they allow users to receive international payments and withdraw funds locally.
3. Which alternative is best for e-commerce businesses?
Flutterwave and Payoneer are excellent options for businesses selling products and services online.
4. How can I receive international payments in Ghana?
You can receive international payments via Payoneer, Wise, Skrill, and Western Union. Some options also allow bank deposits and mobile money withdrawals.
5. Which service offers the lowest transaction fees?
Wise typically offers the lowest transaction fees with real exchange rates, making it a cost-effective solution.
Final Thoughts
While PayPal is limited in Ghana, several alternatives provide secure, fast, and reliable payment solutions. Whether you are a freelancer, business owner, or individual looking for efficient ways to send and receive money, options like Payoneer, Wise, Skrill, and Flutterwave can serve your needs.
Always compare transaction fees and features to choose the best service for your specific requirements.
