5 PayPal alternatives

Sick of PayPal? Check out these e-commerce solutions for business owners.

AlertPay
Payment processor
AlertPay
AlertPay.com

AlertPay founder Firoz Patel saw a problem: PayPal and other payment processing companies catered well to mainstream merchants, but fell behind when it came to less serviceable markets.

"We saw this particularly with multi-level marketing," he says. "Some clients simply need more time and attention when it comes to payments."

In 2004, Patel launched Montreal-based AlertPay to make online payments easier. AlertPay.com simplifies bank transfers, bank wires, direct deposits and other payment methods - everything except cash. AlertPay's team of 25 works to ensure extra security for all transactions. Back-end flagging services alert banks to security breaches, and automated fraud-tracking tools lock down accounts when activity is abnormal.

The introductory rate for AlertPay is 2.5% per transaction. But if your company is off the beaten path and requires more service, be prepared to pay 3.9%.

Last updated February 11 2008: 1:37 PM ET

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.