Located in Dallas, Texas, Anslem Oshionebo is a fintech professional and the CEO and President of Ping Express. Ping Express is a money-transfer service that eliminates the problems of traditional money transfers, giving people full control over their money transfers without having to rely on external agents to assist them.
Outside of Ping Express, Anslem Oshionebo has a vast amount of experience in accounting, finance, strategy, financial forensics, and financial services, all of which provided the foundation he needed to build leadership at Ping Express. These skills also allow Anslem to navigate the intricacies of the financial services industry, especially in areas such as laws and regulations for various states and countries. As Ping Express is an international company, Anslem Oshionebo oversees each part of the company to ensure that all requirements are met for each location.
Before he got involved in the financial services industry, Anslem Oshionebo worked as a field engineer. He got his bachelor’s degree in Engineering, but later went back to obtain his master’s degree in Accounting and Finance from Seton Hall University. He earned his CPA certification from the same university, is certified as a Fraud Examiner, and is certified as a Chartered Accountant in Nigeria.
When not focusing on his work, Anslem Oshionebo is a dedicated philanthropist and strives to help others so that everyone can achieve a happy, healthy, and fulfilling life. He does this through many different means, such as volunteering to teach 4-year-old children at a local church, coaching soccer for the local team, etc.
Anslem is a proud supporter of the Anslem Esi Foundation, an organization that provides learning materials to children in Nigeria. He’s aware that children in other countries may not have access to a quality education. Through his support, Anslem hopes to help improve educational conditions both in Nigeria and around the world.
Anslem Oshionebo Discusses The Alternatives to PayPal For Businesses
PayPal is one of the largest payment processors for online transactions in the world. It charges sellers a standard fee of $0.30 plus 2.9 percent of the transaction amount for each transaction. The payment gateway is a well-known and trusted brand among most online shoppers. Unfortunately, PayPal is not always seller-friendly; as a fintech professional with over two decades of experience in the industry, Oshionebo is well-versed in the matter. For example, merchants have reported having their funds frozen for up to six months without any prior warning. Also, PayPal’s seller fees are higher than other payment gateways. Therefore, if you are an online seller, Anslem Oshionebo suggests using alternative payment processors.
Stripe charges the same fees as PayPal. However, the payment gateway offers flexibility and customization. For example, if you are familiar with programming or find someone to help you, you can develop your own Stripe interface and integration tools to use on your website. Also, Stripe automatically deposits money in your bank account when customers pay you.
2. Google Pay
Google Pay is another popular payment processor – and it charges lower transaction fees than PayPal. Credit card transactions are only charged a 2.9 percent fee. However, debit cards and bank transfers are free. Google Pay also allows sellers the ability to create special offers and gift cards for customers.
Payoneer is geared toward small-and-medium-size businesses. Its main areas of business focus on e-commerce, digital advertising, and freelancing. If a customer has a Payoneer account, you aren’t charged any transaction fees. Otherwise, credit and debit cards are charged 3 percent of the transaction amount.
Square offers merchants a good option for mobile point-of-sale transactions. For example, you can accept credit and debit cards, cash, and even gift cards, as well as print receipts. You can use Square as an online payment gateway as well. Transaction fees are 2.75 percent of the payment amount.
Skrill is a popular payment gateway for those who buy and sell cryptocurrencies, gamble online, and play games. Skrill – like PayPal – offers excellent fraud detection services and customer protections. The payment processor charges $0.50 plus 1.45 percent of the transaction amount.
Finally, Dwolla is available for sellers in the U.S. The fast-growing payment gateway reportedly has a 99.9 percent uptime, as well as strong security and fraud detection services. Dwolla is a good payment processor option for merchants that handle a large volume of customer transactions. It’s also easy to customize if you are familiar with programming. Transaction fees are greater than $0.50 or 0.5 percent of the payment amount.
In short, if you are looking for a popular alternative to PayPal that offers more customization and flexibility, consider using Stripe. Google Pay is a more affordable alternative. If you are a small-or-medium-size online business, Payoneer is a good option for a payment gateway. Stripe allows merchants to accept both point-of-sale and online transactions. Skrill is a popular payment processor for those who purchase and sell cryptocurrencies, as well as transfer funds for online gambling and gaming.
Lastly, Dwolla is a convenient payment gateway for U.S. merchants. For more information about the fintech industry, or to learn about Anslem Oshionebo’s fintech company, Ping Express, check out his website or connect with him on LinkedIn!