Here are some of the best PayPal alternatives available in Kenya:
- Payoneer
- Description: Payoneer offers online money transfer and digital payment services. Account holders can receive funds into their bank accounts, a re-loadable prepaid MasterCard/debit card, or a Payoneer e-wallet.
- Features: Global bank transfers, prepaid MasterCard, e-wallet.
- Delivery Time: 2-5 working days for global bank transfers.
- TransferWise (Wise)
- Description: TransferWise focuses on making international money transfers cheap, fair, and simple. It features a borderless account that allows holding over 40 currencies and a debit MasterCard for global spending.
- Features: Borderless account, debit MasterCard.
- Delivery Time: Varies by currency and destination, typically within 1-2 working days.
- Skrill
- Description: Skrill (formerly Moneybookers) enables payments and money transfers globally. It allows linking bank accounts and making payments with just an email address and password.
- Features: Global money transfers, linked bank accounts.
- Delivery Time: Instant to a few days depending on the recipient’s location and withdrawal method.
- WorldRemit
- Description: WorldRemit is an online money transfer service supporting international remittances to over 145 countries. Recipients can receive funds as bank deposits, cash pickups, mobile money, or airtime top-ups.
- Features: Multiple delivery options (bank deposit, cash pickup, mobile money).
- Delivery Time: Instant to a few days depending on the delivery method chosen.
- MoneyGram
- Description: MoneyGram provides global money transfer and payment services. It operates in over 200 countries and supports transfers via agents and financial institutions.
- Features: Global funds transfer, cash pickup, bank deposit.
- Delivery Time: Typically within minutes to a few hours depending on the service chosen.
- Western Union
- Description: Western Union offers a range of financial services including person-to-person money transfers, money orders, and business payments globally.
- Features: Money transfers, money orders, business payments.
- Delivery Time: Instant to a few days depending on the service chosen and recipient’s location.
These alternatives provide various options for sending and receiving money internationally, each with its own set of features and delivery times. Depending on your specific needs, such as speed, cost, and convenience, you can choose the one that best suits your requirements.
