Payoneer vs. Wise
Product | Rating | Most Used By | Product Summary | Starting Price |
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Payoneer | N/A | Payoneer headquartered in New York offers a global payment solution enabling business to manage international payments, bill or request payments from clients, receive payments through popular marketplaces, and pay freelance workers no matter where they are. | N/A | |
Wise | N/A | Wise, formerly TransferWise, from the company of the same name headquartered in London, provides international accounts and payment solutions for businesses. Wise helps businesses pay international invoices, vendors, and employees with the real exchange rate, in 80 countries, boasting cheaper rates than traditional banking options. It also helps to make faster, lower-cost payouts to all business customers, freelancers, employees, investors, and suppliers around the world. | $0.41 one-time fee |
Payoneer | Wise | |||||||||||||||
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Editions & Modules | No answers on this topic |
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Offerings |
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Entry-level Setup Fee | No setup fee | No setup fee | ||||||||||||||
Additional Details | — | — | ||||||||||||||
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Payoneer | Wise | |
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Considered Both Products | Payoneer | Wise |
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Top Cons |
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Highlights |
Research Team Insight Published Users of both Payoneer and Wise frequently utilize these services for international money transfers. Customers have consistently found both platforms to be reliable for sending money overseas, though the ease of use seems to vary between the two. For some individuals, Payoneer appears more straightforward and intuitive to navigate, while others seem to prefer Wise due to its straightforward fees and explicit exchange rates.
Regarding freelance work, Payoneer has emerged as a favorite among users in this field. Many freelancers have cited it as their preferred method of receiving international payments from clients due to its relative ease of setup and use. Furthermore, businesses, especially e-commerce platforms, have expressed a preference for using Payoneer for its mature integrations with online marketplaces such as Amazon and Shopify. The users have highlighted that these integrations allow easier transactions and faster withdrawals. In contrast, Wise users have more often appreciated its multi-currency account feature, allowing them to hold and manage multiple currencies in one place, which is especially useful for those dealing with international clients or traveling frequently. |
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Payment Gateways |
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Payoneer | Wise | |
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Small Businesses | Apple Pay Score 9.2 out of 10 | Square Invoices Score 9.2 out of 10 |
Medium-sized Companies | Apple Pay Score 9.2 out of 10 | Apple Pay Score 9.2 out of 10 |
Enterprises | Adyen Score 8.8 out of 10 | Adyen Score 8.8 out of 10 |
All Alternatives | View all alternatives | View all alternatives |
Payoneer | Wise | |
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Likelihood to Recommend | 1.7 (31 ratings) | 9.2 (23 ratings) |
Likelihood to Renew | 10.0 (1 ratings) | - (0 ratings) |
Support Rating | 1.0 (2 ratings) | 10.0 (1 ratings) |
Payoneer | Wise | |
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Likelihood to Recommend | Payoneer | TransferWise |
Pros | Payoneer | TransferWise |
Cons | Payoneer | TransferWise |
Likelihood to Renew | Payoneer | TransferWise No answers on this topic |
Support Rating | Payoneer | TransferWise |
Alternatives Considered | Payoneer | TransferWise |
Return on Investment | Payoneer | TransferWise |
ScreenShots |