Trusted PayPal Alternative for International Transactions in Africa

Trusted PayPal Alternatives for International Transactions in Africa
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A trusted PayPal alternative is one of the key searches businesses in Africa carry out as they expand to other countries and international transactions commenced.

All over Africa, both small and big businesses trade locally and internationally. Trading locally does not give a lot of hassles as the business is done in the local currencies and transacted through local banks. However, when it comes to international trade, the currencies change.

International trade involves the sales of goods and services to buyers in different countries other than the country of the seller. This means that payment will be made in a different currency to the seller depending on the country where the buyer is. However, if no payment system makes the transaction process easy, this affects business badly, especially in Africa.

As a means of providing solutions to Africans, PayPal came to Africa. This article will explore what PayPal is and the alternative to PayPal.

What is PayPal?

PayPal is a worldwide online payment system, founded in 1998 and located in San Jose, California. It is available in 202 countries and 25 currencies around the world. It is a go-to payment system for online businesses.

There are different ways of making payments through PayPal, which are:

  • Credit cards
  • Bank accounts
  • PayPal smart connect or account balance

Now that you know what PayPal is, let’s look at why people use it.

Why Do People Use PayPal?

There are different reasons why people make use of PayPal. Some of the reasons are:

  • It is safe
  • It is an easy way of making payments
  • Security of financial information
  • It is a trusted brand
  • It is simple to use

These reasons, however, don’t take away the fact that PayPal has both pros and cons.

Pros and Cons of Using PayPal

Pros of Using PayPal

The pros of using PayPal are:

  • Easy means of making payments
  • Easy means of receiving payments
  • Free shipping services for returned items
  • High chance of getting a refund from merchants who do not deliver on their promise.

Cons of Using PayPal

  • High-chargeback fees when receiving money
  • Accounts can be frozen unexpectedly and take a while before you can prove that you did nothing wrong.
  • It is a strong target for scammers
  • Additional fees when transferring from PayPal to your bank account

PayPal is just like any other system that works. It will have its good sides and bad sides. In the end, it is a matter of choice. The user has to decide whether to use PayPal as a payment system or not.

If you feel that the cons of PayPal are enough to deter you from using PayPal, then keep reading as alternatives to PayPal will be listed.

Trusted PayPal Alternative to Receive and Send Money in Africa

There are different trusted PayPal alternatives to receive and send money in Africa and they are:

  1. Flutterwave
  2. Payoneer
  3. Western Union
  4. TransferGo

For this article, we will be discussing only Flutterwave. So, keep reading.

What is Flutterwave?

Flutterwave is an online payment system. It is a fintech company with the mission of simplifying payments for small and big businesses and even individuals in Africa. It was founded in the year 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya and has its headquarters in San Francisco, California. They have operations in 11 African countries including Nigeria, Kenya, and Ghana.


Flutterwave Global Reach

  • Accept payments in more than 30 countries
  • An Average number of 500k+ processed payments daily
  • 20M+ API calls
  • 15+ payment options
    • Debit and credit card
    • Mobile money
    • M-Pesa
    • Bank transfer
    • USSD
    • Visa QR

Flutterwave Partnership with PayPal to Enable Borderless Payment in Africa

PayPal has been in Nigeria since 2014 and also in different African countries, however, the services that could be accessed were limited. This was because of the cases of fraud that have been committed in association with Nigerians.

Apart from the fraud risks, PayPal has also not been accessible to some African countries and the businesses in those countries have no means of accessing payments from other parts of the world. To bridge the gap, Flutterwave partnered with PayPal to connect the 200million plus users of PayPal to the different businesses in African countries.

This partnership between Flutterwave and PayPal means a lot to African businesses now have access to sell to customers in any part of the world and be paid. This is one of the biggest collaborations for African businesses and endorses Flutterwave as a trusted PayPal alternative in Africa.

Services and Products Offered By Flutterwave

Flutterwave offers the following services to its users:

  • Physical and Virtual cards
  • Invoice generation for customers
  • Free eCommerce store/website for selling worldwide
  • Accept payments
  • Single or bulk transfers
  • Access to over 600+ businesses like Uber, MTN, Chipper, etc.

Flutterwave Transaction Fee

The transaction fee of flutterwave is 4.4% of the transaction value (+$0.30) per transaction.

More Information About Flutterwave

To understand how Flutterwave works, how to create an account on flutterwave, and much more about flutterwave read through this article.


Flutterwave is an African-focused Fintech company. Their mission is to give the millions of businesses in Africa a chance at competing in the world market. This in turn grants Africa access to contribute to the world GDP.

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Igbojianya Oluchukwu

Content is the life of anything that works in life. It can be written, visual, audio, or a combination of all forms. It is my duty and pleasure to give you valuable content. I am Igbojianya Oluchukwu, a Content Creator and Writer.