February 3, 2012

WePay, a PayPal Alternative

If you are wondering how to receive payments online for your online store, WePay, a Paypal alternative provides an easy way to get paid.

With WePay, the payments can be done easily via Visa, Mastercard, Discover, American Express and e-checks.

WePay fees are 3.5%, with 50 cents minimum. Contrast it with Paypal fees of 2.9% + 30 cents.

For a $10 transaction, PayPal fees are slightly higher than WePay
WePay - $0.50                 PayPal - $0.59

While, for a $100 transaction, WePay fees are higher than PayPal
WePay - $3.50                 PayPal - $3.20

WePay stands out in having a simpler API, which makes it easier to integrate it in apps.

Other alternatives to receiving payments online include Stripe and Dwolla.

Square with its card reader provides a way to accept payments at physical locations.

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