With a revenue of 4.4 billion dollars in 2011, Paypal is the most popular and trusted online e-payments processor in the world. PayPal is an acquirer, performing payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee [Wikipedia].
Ghana has a strong and growing community of world class technology innovators and entrepreneurs, who have come up with alternative ways to create wealth online than by accepting online payments for their services and products through Paypal. As Paypal does not do business with any Ghana based entity, in this post, I will share 5 alternatives to Paypal Ghana.
Authorize.net: is a payment gateway service provider allowing merchants to accept credit card and electronic checks payments through their Web site and over an IP (Internet Protocol) connection. Authorize.Net claims a user base of over 305,000 merchants, which would make them the Internet’s largest payment gateway service provider.
Amazon Payments: is a wholly owned subsidiary of Amazon.com that provides a means to process transactions online. Launched in 2007, Amazon Payments uses the consumer base of Amazon.com and focuses on giving users the same checkout experience available on Amazon.com. Amazon Payments has several products for consumers, businesses, and developers.
Google Checkout: is an online payment processing service provided by Google aimed at simplifying the process of paying for online purchases. Users store their credit or debit card and shipping information in their Google Account, so that they can purchase at participating stores by clicking an on-screen button. Google Checkout provides fraud protection and a unified page for tracking purchases and their status.
Adyen: is a Payment Service Provider (PSP) offering outsourced payment and fraud control services for the mid-corporate to enterprise market. Its services include payment processing, payment routing, real-time fraud control and full reconciliation.
Credit card payments are processed on Interchange Plus basis, where the merchant can see for every transaction the exact cost price (interchange fee) attracted from the credit card networks.
AlertPay: Alertpay credit card processing gateway provides international payment capabilities to send money securely through email or other online tools. Based in Montreal, Quebec, and founded in 2004, all monies deposited with AlertPay are FDIC insured, and they specialize in fascilitating the processing of monies online without exposing personal or financial information.
There are a few businesses in Ghana offering made-in-Ghana online payment processing solutions. I will share that list in a future post. Note: Descriptions of the services above were obtained from Wikipedia.