Joshua D'Costa
Growth & Marketing
Jan 17, 2025
|
5
min
Paypal is a widely recognized payment platform all across the world, especially for its seamless user experience, cross-border payments, secure transactions, and global reach.
However, PayPal has its disadvantages like High fees and currency conversions that eat away your profits. Platforms like PayPal are popular but not perfect, especially if you're based in India.
In this blog let’s discuss three alternatives to Paypal tailored for Indian users handling international transactions.
Let’s dive into Dodo Payments, Stripe, and Razorpay, analyzing their pros, cons, and why they stand out.
What is Paypal
Paypal is an online payment platform that enables online payment between individuals and businesses. Established in 1998 and in 2002 eBay acquired PayPal for 1.5 billion dollars then in 2015 eBay spun PayPal off and it became an independent company again.
PayPal is now a global leader in online payments, enabling businesses and individuals to send and receive money across borders. Its presence spans over 200+ countries, making it a go-to platform for global payments.
However, its high transaction fees of 2.5% + a fixed fee for payments in India, 4.4% + a fixed fee for international payments, and limited support for Indian merchants as it does not have any support team in India, make PayPal expensive and complicated.
3 Indian Alternatives to Paypal for Global Payments
Dodo Payments is an emerging Merchant of Records solution designed specifically for Micro-SaaS businesses, Indie-hackers, and solopreneurs. It simplifies global transactions by handling payments, and tax compliance chargebacks in 190+ countries.
Pros:
Transparent pricing with no hidden fees
Flexible payment options
Secure and seamless Global Transaction
Localised Checkout Option
24/7 personalized customer support
Hassle-free onboarding experience
Cons:
New platform, so lacks the global brand recognition of PayPal.
Pricing:
Dodo Payments offers transparent pricing with a special Beta offer for early users:
4%+40c transaction fee for Beta users (reduced from 5%+50c).
Stripe is a widely-used payment processing platform, trusted by businesses of all sizes. It offers a developer-friendly interface and supports payments in over 195+ currencies.
Pros:
Easy to use APIs and smooth online payment process.
Advanced analytics and reporting tools
Cons:
Limited accessibility, operates on an invite-only basis.
It’s not a Merchant of record, so the business requires additional tools for subscription management and chargebacks.
Entrepreneurs must handle compliance on their own.
Limited local support.
Pricing:
2% to 4.3% depending on whether the card is domestic or international.
With Additional fees for currency conversions, international cards, billing, tax compliance, invoicing, fraud management, and other services.
Razorpay is an Indian payment platform founded in 2014 by IIT Alumni. Razorpay is a payment gateway that handles both domestic and international transactions.
Pros:
User-friendly interface
Acceptance of global credit and debit card
Cons:
18% GST charged on their fees additionally
Inconsistent customer service
Delays in account approvals and settlement process, according to some reports.
Lack of alternative payment options
Not so good
Pricing
3% Transactions fee and Hidden FX Fees
Why Dodo Payments is the Right choice?
Dodo Payments supports Localised payment methods like UPI in India, SEPA in Europe, and more, helping businesses to serve a diverse global customer base.
It provides Subscription Management tools that handle recurring payments with features like automated retries and detailed invoicing, minimizing involuntary churn.
Global Tax Compliance to automate calculations, collections, and remittance of VAT, GST, and sales taxes in over 150+ countries, ensuring compliance with minimal effort.
Conclusion
When choosing the right payment platform alternative to PayPal make sure you consider the factors;
Transparent and competitive pricing for your global transactions, Friendly interface with reliable customer support and look for a platform with cross-border payment options that can simplify compliance for you.
Dodo Payments is ideal for SaaS founders and freelancers seeking low fees, subscription tools, and automated tax compliance.
Explore Dodo Payments for seamless, cost-effective solutions tailored for Indian merchants, MicroSaaS founders, and Solopreneurs.
