The Best Digital Wallet and Payment Solutions for 2024
Digital wallets and online Payment Solutions are swiftly becoming a preferred choice for both retail and business transactions, with options such as PayPal, Skrill, GlobiancePay, and others emerging as prominent digital payment options. But which ones offer the features you need, which is the best fit, and what are the associated costs?
We’ve conducted a thorough analysis to answer these questions and more to remove the guesswork. Here is a detailed comparison chart with a clear overview, to help you choose the most effective digital wallet for your business and / or personal use.
| Feature | GlobiancePay Wallet | Skrill | Neteller | Alipay | PayPal | Square Payments | Stripe Connect | Wind.app |
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| Availability (countries/regions) | 180+ | 62 | 63 | 20 | 100+ | 08 | 46 | 62 |
| Supported Platforms | iOS, Android, Web | iOS, Android, Web | iOS, Android, Web | iOS, Android, Web | iOS, Android, Web | iOS, Android, Web | iOS, Android, Web | iOS, Android, Web |
| Industries Accepted | ||||||||
| GAMING | YES | NO | NO | NO | NO | NO | NO | NO |
| GAMBLING | YES | NO | NO | NO | NO | NO | NO | NO |
| ADULT | YES | NO | NO | NO | NO | NO | NO | NO |
| CANNABIS | YES | NO | NO | NO | NO | NO | NO | NO |
| FOREX | YES | YES | YES | NO | NO | NO | NO | NO |
| Fees (Transaction, Withdrawals, Currency Conversion) |
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up to 4.99% + FX | 2.90% - 7.50% | 3.00% - 6.99% + FX | 1.00% - 2.9% | 1.00% + 1.00USD 3.30% + 30 cents | 1.00% - 2.9% + $0.30 FX | 1.00% - 2.9% + $0.30 per transaction |
| Security Features | 2FA, Biometric Authentication | 2FA | 2FA | Biometric Authentication | 2FA | 2FA | 2FA | 2FA |
| Integration Capabilities | E-commerce platforms, subscriptions, donations, payment pages, payment buttons, instant invoice | E-commerce platforms | E-commerce platforms | E-commerce, POS systems | E-commerce, invoicing, POS systems | POS systems, E-commerce | E-commerce, marketplaces, subscriptions | E-commerce, marketplaces, subscriptions |
| Supported Currencies FIAT | 50+ | 40 | 28 | 20 | 25 | 6 | 135 | 20 |
| Commodities Supported | Yes (Gold, Silver) | No | No | No | No | No | No | No |
| Unique Features | IBANs, Cloud Banking, White-Labels, Virtual & Physical Cards | Loyalty program (Knect), Skrill prepaid card | Net+ prepaid card, VIP program | Loyalty programs, discounts | Buyer protection, invoicing | Square ecosystem integration | Customizable platform for developers | DeFi, NFTs, Token Swaps, Earn Interest |
| Crypto Friendly | Yes | Yes | Yes | No | Yes | No | Yes | Yes |
| Customer Support | 24/7 via email, live chat, phone | 24/7 via email, live chat | 24/7 via email, live chat | Business hours via email, live chat | 24/7 via email, live chat, phone | Business hours via email, live chat | 24/7 via email, live chat | 24/7 via email, live chat |
| Payment Methods Inside the Wallets | Credit/Debit Cards, stored balance, QR code payments, online banking, cryptocurrency, Internal payments, bank transfers, APMs | Bank transfers, credit/debit cards, Skrill to Skrill, cryptocurrency | Bank transfers, credit/debit cards, Neteller to Neteller, cryptocurrency | Bank cards, stored balance, QR code payments, online banking | Bank accounts, credit/debit cards, PayPal balance, PayPal Credit | Credit/debit cards, stored balance, bank accounts, gift cards | Credit/debit cards, bank accounts, stored balance, crypto payments (via integration) | Credit/debit cards, bank accounts, stored balance, crypto payments (via integration) |
GlobiancePay
GlobiancePay effectively integrates private and business useability, providing strong support for high-risk industries and low-cost user-to-user transfers. Designed to be a wallet available for everyone, it facilitates instant payments and distinguishes itself with a wide acceptance of fiat and cryptocurrencies, local payment methods, and even commodities like gold and silver. GlobiancePay meets diverse payment needs with versatility and efficiency.
Skrill
The Skrill wallet, from the financial company Skrill, simplifies transactions with speed and ease, while offering robust security and a user-friendly interface. Its standout features include a rewarding loyalty program and a convenient prepaid card. Currently, high-risk businesses as well as users from smaller countries are facing limitations in accessing and applying for the Skrill wallet. We look forward to seeing Skrill expand its support to more industries and regions in the future.
Neteller
Neteller is also a well-known payment service like Skrill. They offer a unique VIP program and the NET+ Prepaid card. In comparison to other solutions, they offer limited support for fiat currencies and have a fee structure of up to 7.50% plus foreign exchange costs, making them the most expensive option on our chart.
Alipay Wallet
Alipay Wallet, part of the Alibaba Group, is widely recognized for its robust digital payment capabilities, particularly within Asia. While many may think of Alibaba solely as a shopping platform, Alipay Wallet excels in the digital payment space. However, it has limitations, including restricted support for multiple currencies, cryptocurrencies, and high-risk businesses, which are unable to use the Alipay wallet.
PayPal
PayPal is a widely recognized digital wallet that functions almost like a bank account, though it primarily offers only withdrawals and deposits which, as most users have discovered, can be relatively costly. While PayPal facilitates fast transfers and provides excellent features for splitting bills and sending/receiving payments to family and friends, it does not support cryptocurrencies. Additionally, high-risk industries and content creators may face challenges, as PayPal does not cater to these sectors.
Square
The Square digital wallet offers seamless access to your Square balance, enabling fast and easy transfers. It is well-integrated within the Square ecosystem, facilitating payments across various platforms. However, its limited support for certain industries and high-risk businesses, coupled with restricted availability in some countries, affects its overall ranking.
Stripe
Stripe is a leading payment service provider that enables merchants to accept credit and debit cards, along with other payment methods. With the introduction of the Stripe wallet, these services are now seamlessly integrated into a single solution. Its highly customizable development platform stands out for its ease of integration and immersive capabilities. However, high-risk industries and creators will need to seek alternative providers, as Stripe does not accommodate these sectors.
WIND App
The WIND wallet is a blockchain-based crypto wallet that also integrates fiat currencies. Its primary focus is providing quick and seamless conversion between crypto and fiat. Distinctively, WIND offers in-wallet swaps and NFTs, setting it apart from many other wallets in our ranking. Additionally, it provides attractive options for earning interest on USD and boasts broader availability compared to the Stripe wallet.
Conclusion
If you seek a wallet that combines extensive usability, robust industry support, competitive fees, and options for creators to manage payments, GlobiancePay stands out as the top choice. It offers comprehensive support across all industries and businesses, along with a diverse range of cryptocurrencies, fiat currencies, and payment methods. While many digital wallets offer valuable features, none match the extensive range and versatility provided by GlobiancePay.