I've been using paypal for more than a decade. Over the last several months, I've been using a lot of the "friends and family" stuff which makes it so that paypal doesn't take the 3.5% that they normally take. But when people pay me for stuff, that usually still takes 3.5%.
The 3.5% that paypal does take started off being all about the credit card stuff, but I think now paypal grooves on taking that cut whenever they can.
Gotta say that I REALLY like paypal. Including their rather lovely debit card connected to my paypal account.
But when people are pissy about credit cards and their evil-ness, and, well, why give up 3.5% if I don't have to .... yeah, I'm on board. Down with the evil credit card companies and down with taking my 3.5%!
Also, I recently sent a few thousand dollars to somebody in europe. I did the "friends and family" thing, but paypal said that because it is international, they are gonna take $40. Ouch.
So I am cool with exploring the alternatives.
Oh, and my paypal account is paul at richsoil.com.
bitcoin
I did some fiddly stuff with bitcoin. You can read where awesome people are teaching me
here.
So we fiddle faddled about a bit. The money was trasfered fairly quickly. It seems like it took about 20 seconds or so, while paypal seems a bit more instant.
I think I have done about seven bitcoin transactions. It seems to always go as expected, but ... 20 to 30 seconds.
A hilarious thing about bitcoin is that it is an entirely fake thing that was made up to pretty much say "the us dollar is no long backed by gold - it is based entirely on wishful thinking that we trust certain people that maybe we really shouldn't trust. And so here is a new entirely fake and made up currency that is based on the trust of a collection of geeks instead." Only it seems that the geeks have thought it through well enough that other geeks actually put more trust in bitcoin. And on top of that, it has grown to be a currency that is actually trusted by millions. The value of bitcoin to dollars fluctuates wildly, but .... somehow ... doing bidness with bitcoin seems just as reliable as paypal while at the same time feeding some sort of internal humor needs.
Oh, and who knows, maybe somebody will send me $100 for something via bitcoin and then I go to use those funds a month later and, SURPRISE! It's now $300! Spiffy!
Oh, and if you are doing business with some people that hate banks, hate credit cards, hate lots of creepy and inappropriate abuse of privacy stuff - those folks tend to love bitcoin and refuse to use almost anything else. I have heard that in the early days bitcoin was used for a lot of drug stuff for these very reasons. There is a lot of stuff in this space that I don't fully understand - but then again, I hear a lot of nightmare stories about "the dollar" and banks and stuff too - which I also do not fully understand.
My bitcoin thing-a-ma-bob is 177pNU2a9iCpUXQwXX9EbtA2UwZpgeqcMT
dwolla
I have used dwolla about a dozen times now. There are people that either hate paypal or somehow paypal does not yet trust them, so when i try to send them money they need something else.
Dwolla is getting better and better with every passing month. They used to charge $0.25 for any transaction over ten bucks, but I think they don't do that anymore.
I just went and looked at their site and .... it looks very different. It kinda sounds like they have shifted what they do. Not sure.
My dwolla account is set up with my email: paul at richsoil.com.
skrill
I just found out about this today.
It is based on email addresses, just like paypal and dwolla.
It sounds like this might be more popular than paypal outside of the US. And the US just recently got added. It sounds like they take a cut of 1%, but no more than 10 euros. Which sounds better than the "0% to 2%" that paypal takes for converting currencies.
If you have experience with this, please tell me more!
payoneer
Another I just learned about.
Sounds like skrill: works over most of the world. The fees are small, but change from country to country. And, apparently, does NOT work in india - which seems a bit odd.
If you have experience with this, please tell me more!
amazon gift card
This is just me, but if paypal, bitcoin and dwolla don't work for somebody .... I use amazon so much, that an amazon gift card will work for me if these others fail.