PayMongo, a PayPal alternative for Philippine businesses

In the age of lockdowns and social distancing, Filipino business owners, online sellers, and freelancers have embraced e-commerce and digital payments to survive and even thrive during the pandemic. You may have seen the memes about Covid being the ultimate "Digital Transformation Office." 😅

Digital wallets like GCash and PayMaya have definitely helped get more people doing business online...

But what if a business wants to accept credit cards as a payment method for customers and clients? PayPal comes to mind and is one of the widely-known payment gateway options. But it is far from the only option.

In this article, we'll share three reasons why you should consider PayMongo as a convenient payment gateway alternative for your business.

1. Accept multiple payment options

One of the main reasons Filipinos sign-up for a PayPal account is because it's an easy way of accepting credit card payments from customers and clients.

PayMongo has you covered, and then some! You can accept payments from your customers or clients via credit or debit cards, e-wallets like GCash, PayMaya, and GrabPay, or over-the-counter transactions like Cebuana Lhuillier, 7-Eleven, and M Lhuillier—all with one PayMongo account!

Since Filipino consumers have diverse payment method preferences, simplifying and managing all your transactions can be a headache. Signing up with PayMongo allows your business more flexibility through multiple payment options so that you can reach more customers.

gcash payment methods alternative

Shopify integration

We've seen a lot of online businesses set up shop on Shopify, and we expect that trend to continue. It's another reason why businesses might set up a PayPal account.

PayMongo's suite of products include a Plugin for Shopify. With it you can integrate both credit card and e-wallet payments to your e-commerce website with just a few lines of code. JBL Philippines, Adarna House, and Linya-Linya are some of our merchants who have been using our Plugin for Shopify.

customer testimonial about payment gateway paypal alternative

Oh! We have Plugins for WooCommerce, PrestaShop and Magento too!

plugins for paypal alternative

No website? No problem!

PayMongo Links enables businesses to provide customers a simple payment invoice. If you are a freelancer or social media seller, you can easily generate a payment link and send it to your clients or customers via Facebook Messenger, Viber, SMS, or any other messaging app.

PayMongo Pages allows businesses to accept payments through a reusable payment page, or use it for in-store payments through a QR code that redirects to your Page.

2. Lower transaction fees

PayMongo has no setup fees, one-time charges, or monthly fees. You will only get charged when you make a successful transaction with us. PayMongo goes by a per-transaction rate with the following:

gcash paypal transaction fee
cheaper rates than paypal testimonial from 42 light brands

If you service clients abroad, you're probably wondering if you can accept payments from outside the Philippines. The short answer: yes, you can. However, this would only be possible if the payment was made through Visa or Mastercard. PayMongo can only process payments made in Philippine Peso (PHP), which means payments made in other currencies may be charged an extra conversion fee by the cardholder’s bank abroad to convert their payments to PHP.

3. Say goodbye to manual withdrawal of payouts

PayMongo automatically generates your payout to your bank account once a week—free of charge. There is also no minimum amount needed to withdraw your funds. You can easily view your payouts history, track all your transactions in real-time, generate payment reports, and issue refunds using the PayMongo dashboard.

boundless testimonial for paypal alternative philippines

Sellers on PayPal have to manually withdraw their funds for it to get transferred to their bank accounts. How soon you'll receive funds depends on whether you've established a good selling history. In some cases, it may take up to 21 days before you are able to access your funds.

paymongo payout dashboard

PayPal certainly offers some features that PayMongo does not (we do not support PayPal transactions, for one). But if you’re looking for a local alternative payment gateway that allows you to accept credit card and e-wallet payments in the Philippines, PayMongo may be the growth partner for you.

Ready to get started?

PayMongo is regulated by the Bangko Sentral ng Pilipinas (BSP). Visit to learn more about our advanced fraud detection tools and PCI-certified systems.

Published date:
January 25, 2022
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