Likelihood to Recommend
NexusPayables is well suited for your invoice tracking and payments, especially for medium to large businesses. I would not recommend for smaller companies because I don't see the value for them. Once trained, the system is useful. However, the user interface is confusing without proper training and is not user-friendly. I highly suggest businesses invest in a specific set of people to be trained so that they can teach others to use the program.
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Payoneer is well suited for freelancers whether or not they work on marketplaces. as it makes it easier to receive payments from clients abroad. More over it also takes a lot of hassle out of getting paid from international clients as well as sending cross border payments. It has some what limited implementation in e commerce type business especially where you need to automate the payment process
Read full review Pros Invoice Tracking Invoice review Read full review It is very well accepted world wide and also accepts more than 150 currencies. A decent and nominal exchange rates of currency as compared to similar platforms like PayPal. I can keep track of all the transactions, payments, balance, etc using Payoneer. It is because of Payoneer we can grow our business globally. Read full review Cons Not very user-friendly Not intuitive Read full review The process of getting payment is a little bit complex in Payoneer as compared to PayPal. Receiving of payments takes a very long time and it's not instant. The customer service of Payoneer is not up to the mark and it takes a very long time to resolve simple issues. Read full review Likelihood to Renew
Payoneer helps me a lot on my online business journey, it gave me the support and functions that I want.
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NexusPayables FAQ and Help sections are not extraordinarily helpful. They will answer some questions, but most often, I have to bother my accounting co-workers because of the way the system is set up NexusPayables themselves can't help me most of the time. They tell me to refer to the program administrator.
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I gave Payoneer these ratings because of it reliability and the support that it users get from it. Payoneer support literally every country and has low charge of international transactions which is very helpful to new online marketers.
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Our company uses both at the moment, and I find that
is a much more user-friendly interface that is easy to use, easy to navigate, and extremely efficient. Unfortunately, we only use
for personal expenses and company credit card reconciliations at the moment, which is why we use NexusPayables for vendors.
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Before Payoneer, I used Paxum, a Canadian product, that was or is similar but more expensive. Also used Payza(later Ecopayz), and European alternative, they have their ups and downs, they aren't even listed in the Search above, basically they are both payment gateways that allow using several payment methods, and any payment gateway, the problem is they don't have any bank accounts associated with them, therefore they are more limited in that regard. Both use a card as the main withdrawal method, and both support international currencies, but there as I mentioned there isn't any bank account associated with them, nor there is a way to connect them to Stripe.
Read full review Return on Investment Tracking of income Tracking of profit Read full review I can receive the money from anywhere around the world, and in any currency. It converts the money directly into my local currency, hence becomes easy for us to track and withdraw money from our bank accounts. Sometimes customer support lacks the ability to satisfy the customer requirements. Required to make two different accounts for receiving and sending money. Read full review ScreenShots