Since my post about PayPal's sneaky account changes, I've been looking into PayPal alternatives. Here are three alternatives I'm interested in so far:
I actually signed up for Google Checkout a year or more ago, but never used it. Compared to PayPal's business account fees ($0.30 + 3 percent of the payment amount), Google's fees are a little more reasonable ($0.20 + 2 percent of the payment amount). Plus, if you use AdWords, Google allows you to receive 10 times the amount you spent per month free of charge.
In other words, if you use AdWords, getting paid via Checkout is a really good deal.
Neteller appears to be another well-known PayPal alternative. I can't seem to find on this site how much you'll pay in fees to receive money from other people, but it appears that withdrawing your money to a bank account costs $1. I've emailed them to confirm that amount, and to find out what fees apply to incoming payments.
Update regarding Neteller: I just received a response to my email, and evidently they don't offer their services to U.S. residents anymore. Too bad!
Obopay is a rather interesting idea. While you can still use the Internet to send and receive money, Obopay is actually intended to be used from your cell phone. ("Hobo" pay?) The fees seem reasonable: To load money into your account from a credit or debit card you pay 2.5 percent, but the fees are waived if you load from a bank account. Sending money to someone costs a flat fee of $0.10 each time. Transferring money to your bank account is free.
In other words, Obopay's fees for your clients would be virtually nothing unless they are paying via credit card, and it's free for you. For obvious reasons, I find this very appealing!
What PayPal alternatives do you use?
I like the benefits of getting my payments instantly, but I certainly don't want to be paying through the nose for that luxury. If you use a PayPal alternative to receive payments from your clients, I'm interested in hearing from you. What do you use, what are the fees, and what do you like/dislike about it?