Ok lemme start https://twitter.com/thrustonbenny/status/1315736271977877506
PAYPAL- It works when it works BUT
1. Recently international changes have caused people's accounts to not be able to withdraw funds so it really hit or miss.
2. You NEED a VISA credit card or VISA DEBIT (not the linx visa debit)
3. It very easy to lock your account if you do mess
Wipay - It's free to sign up and is a local company
1. Links directly to your bank account for withdrawals no cc required
2. Fees are relatively small for requesting payments from local and international clients
3. Can take at least five business days to withdraw
4. Still new
5. Don't have many integrations being a local Caribbean company so don't expect to link your international accounts to it anytime soon.
6. WORKS with Scotiabank Visa Linx Cards
7. Don't use US limit on local cards
Social Pay TT - For dedicated donation links and social media pay links
1. Works as a middle man between the person paying and Wipay
2. Have an annual fee along with the usual Wipay Fees
3. Much easier and cleaner payment links to send to clients
4. Also new
Squeeze Cash - For a Caribbean based cash app alternative
1. Really nice and modern UI
2. Needs a Visa/Mastercard or Paypal to top up the account.
3. Claims to allow withdrawals into your local bank account within 2 business days (need to test to confirm that)
4. Services most of the Caribbean so any Caribbean based clients you can accept payments from them
5. Don't happen to have a way to get payments from clients outside of the Caribbean for now.
6. Being a new fintech their support department is mainly via email.
Payoneer
1. Widely known and accepted
2. Depends on the country but you gain access to an American routing number/ receivings account.
3. Partnered with Fiver for their international payments
4. Fees can get costly
5. Also have a prepaid Mastercard that is linked to your funds
6. Is a sure but roundabout way to get payments from international clients if you don't have any other option. Time may vary depending on the payout method you choose to get the funds out of Payoneer.
7. Due to international regulations you got to verify a lot of things often.
8. Also due to international regulations they can freeze your account if the country you are living it have bad standings in terms of international money regulations
Honourable Mentions
Transferwise - Works similar to Payoneer but mainly for UK funds and also may or may not drop support for Trinidad.
Paxum/Paxum Bank - Another Payoneer alternative that has an integration with online subscription platform OnlyFans
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