Posted by Carlos
July 21, 2020

Best Payment Processors [Less Fees than Stripe/Paypal]

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Best Payment Processors & Alternatives to Paypal

Due to advancements in the digital world and some major help from the global pandemic, online payments are becoming the norm. Simply look at these huge market gains from  top eCommerce giants during the global pandemic: Amazon, Wayfair, Shopify, eBay, and Chewy.


During this digital shift, there’s even a bigger shift of demand in the payment processing industry, especially for digital payments for eCommerce and No-Touch terminals for in-person payments. 

With constant innovation, credit card processor companies with lower rates than Paypal and Stripe are emerging…and winning. 

Not only are these companies we’ve listed below have lower rates than Paypal and Stripe, they also have higher business reviews. 

If you’re new to payment processing and want to learn more, check out our article, how payment processing works

Let’s now take a moment and review what’s happening with PayPal.  

Table of Contents


PayPal is one of the biggest (if not the biggest) pioneer in payment processing companiesfor eCommerce and online payments. They 2nd biggest in the digital payment servicing world. 

This highly ranked as best payment processor company, with 325 million users wordlwide  is currently having major challenges. PayPal’s ratings have been decreasing drastically. 

CuriousCheck provides an overview of every company’s online reputation by collecting and sharing all reviews from the web. As you can see from our snapshot of Paypal’s review profile, top review companies: Consumer Affairs, Trustpilot, and Sitejabber have posted thousands of recent negative reviews.

Along with low reviews, PayPal takes 3-4 business days to transfer funds to your bank account. You are also limited to their terms and services. 

Simply read a couple hundred negative reviews and you’ll quickly see that they’ll suspend your account for simple misunderstandings, and during this time you cannot withdraw your funds in the account. This can be extremely frustrating as a business owner!

Due to their recent lack of customer support, fund transfer time, and their high credit card processing rates of 2.9% + 0.30 per transaction , people are starting to look at other cheap alternative credit card companies.

Below are the top 4 best payment processor alternatives to PayPal and First Data with lower transaction fees and no monthly fees per month for small business.


Shift Processing provides the cheapest credit card processing options by having ZERO processing and transaction fees. 

What do they mean they have no transaction fee?

 Ok, It doesn’t mean that you do not charge a transaction fee at all. It charges a fee to the customers, instead of your online business or brick and mortar. By charging the customers, companies are gaining a lot more profit, and it’s gaining popularity in America and Europe.

Industries Shift Specializes In

Top industries that are taking massive advantages of Shift’s no processing fees are: 

Retail Business 
Service based Business
eCommerce Busines
High Risk Business: like CBD payment processors and marijuana dispensary payment processors
Small Business in General 

Payment processing terminals are available for in-person point of sale payments as well as online merchant business. 

Shift Online Reputation and Reviews

Even though they don’t have nearly as many reviews as we had hoped, their ratings show an excellent 4.5 stars out of 5 on Google Reviews. Many people prefer this type of payment processing service as it provides a massive profit to your business. 


Shift Benefits

  • No Monthly Fees
  • No Binding Contracts
  • No Batch Fee
  • Available in all 50 States, Canada and Europe
  • Top-Notch Customer Service
  • Accepts Apple Pay and All Major Credit Cards
  • Accepts Online Payment for e-commerce business

Shift Disadvantages

  • Customers may not enjoy paying for the processing fees

2. PaymentCloud Credit Card Processing

PaymentCloud is a major player in credit card processing industry. They helps people grow businesses by providing an effortless API integration with most eCommerce platforms and they’re suitable for literally almost any business. It has low rates, excellent service and extremely high approval rating.

They’re great for shopping cart integrations, virtual terminals, and in-person payment processor terminals.

Tired of being told you’re too high risk? They literally have a 98% approval rating.

Industries PaymentCloud Specializes In

From Fortune 500 companies to General Purpose High-Risk merchant account, including:  

Firearms & Ammunition 
Credit Repair
Bad Credit 
Cigars & Tobacco 
Airlines Industry
Bail Bonds
Diet Programs
Software & E-books 
Moving & Transportion industries
Drop Shipping and more! 

Online Reputation and Reviews of Payment Cloud

Merchant Maverick, one of the top review platforms for credit card processing rates PaymentCloud with an excellent 4.5/5 review.

PaymentCloud Benefits

  • Great for high-risk businesses such as: CBD, Adult, Bad Credit
  • No Binding Contracts
  • No Batch Fee
  • Available in all 50 States
  • High Approval Rating
  • Low Rates
  • FREE Cost Comparison
  • No Application or Set-up Fees
  • Accept credit and debit, Apple Pay​
  • Seamless Integrations with: Shopify, WordPress, Opencart, Volusion, 3dcart, BigCommerce, Magento, zencart, PrestaShop and many more!

PaymentCloud Disadvantages

  • Transaction Fees are not publicly revealed and based on a couple of factors like monthly transactions and industry, however will always be cheaper than Stripe and PayPal.

As we know, we are living in the 21st century and still use paper receipts. PayJunction provides a completely paperless service and the new No-Touch Terminals… with the best customer support we’ve witnessed. Their whole system is designed perfectly for an app in a very user-friendly way. It’s simplicity and modern feel provides customers and businesses a great user experience. 

Payjunction is preferred for companies making at least $8,000 a month in sales. 

Industries PayJunction Specializes In...

PayJunction best shines in these high volume credit card processing services:  healthcare, cosmetics, dental, legal field, such as lawyers, automotive shops, OBGYNs, veterinarians and other related industries. See below on real testimonials from each of these categories. 

View some amazing video testimonials here:

Plastic Surgery Office

Lawyer – Law Office

Auto Dealership with multiple Offices

Auto Dealership with single location






Online Reputation and reviews for PayJunction

PayJunction has an excellent 4.6/5 star rating with numerous reviews. Amazing! Simply read their reviews and you will see that companies are not leaving PayJunction. 

Now let’s take a look at PayJunction’s typical rates below.

Does your business do more than $15 – $20 thousand a month in sales? PayJunction will provide volume rate discounts for you. Learn more  

Payjunction Benefits

  • For Business Making At Least $5k + in Credit or Debit Sales
  • Massive Small Business Following and Testimonials (See above)
  • Minimal Complaints
  • Mobile App Available in IOS and Android
  • Special High Volume Discounts Per Month
  • No Refund Transaction Fees
  • Recurring Billing
  • Accept ACH Electronic Checks
  • Free Payment processing Equipment
  • Credit Or Debit Card On File Capture

Payjunction Disadvantages

  • Only available in USA
  • Not available for high-risk merchant account

Ok, maybe you’re using PayPal because of the need to payout your vendors… or you’re wanting to get paid from your client…we get it!

Well, in that case, Veem needs to be your go-to for businesses to pay and get paid. 

Obviously, if you’re paying out it’s free, but if you’re on the other end and currently using a bank or PayPal to receive funds, you need to start using Veem today. 

Check these rates out:

alternative to paypal pay with best payment methods
  • Lower Fees than Paypal
  • Willing to negotiate rates and services
  • Instant Deposits with 1.5% Fee Per Transaction
  • Payment Tracking
  • Accounting Integrations
  • Invoice Maker
  • Global Verified Network
  • Mass Pay
  • Free Equipment
  • Custom Fee link
  • Totally Free For Business or Personal

Just to be clear, we don’t have a personal vendetta against PayPal or Stripe – We just love providing cheaper and better alternatives extremely well-known brands. 

With both Stripe/Paypal’s amazing global partnership contracts, it’s easy to overlook or assume there are no other options for your business. This is exactly why CuriousCheck was created! Our goal is to provide top high-rated alternatives to the more expensive macro corporations you see on a daily basis.

Drop a comment or email me if you have any questions!