5 PayPal alternatives

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

Payment processor

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

Digital River




PayPal funds freeze draws fire EBay's new policy of holding PayPal funds on "high-risk" transactions for up to 21 days has business owners spooked. (more)
Rival sites court eBay sellers Sellers fleeing eBay are flocking to a crop of upstarts. (more)
 5 sellers who ditched eBay EBay's planned fee and feedback changes have sellers threatening an exodus. Here are five sellers who already left before the current fracas, and how they've rebuilt their businesses elsewhere. (more)