Payoneer

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Payoneer
Score 3.5 out of 10
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
Pricing
Payoneer
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
Payoneer
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
No
Entry-level Setup FeeNo setup fee
Additional Details—
More Pricing Information
Community Pulse
Payoneer
Considered Both Products
Payoneer
Chose Payoneer
In some countries PayPal is not available, payoneer help us there to receive money from those countries.
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I have used all of them successfully for years without "violating their terms". Payoneer is throwing business away for no reason at all.
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Payoneer is available in Pakistan while paypal is not. so Payoneer makes it easier for us. Paypal has a plus side that it allows web integration and automation. But mass payouts, low fees and simplicity makes the Payoneer a leader.
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Payoneer is simpler, offers more advantages when withdrawing income and is linked to the best markets. In addition, I can withdraw the money regardless of the currency deposited at the best exchange rate in the market. They offer very competitive commission rates and a debit …
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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 …
Chose Payoneer
Payoneer supports more geographies than many of the other leading payment solutions. Additionally, their fees are very low, and don’t require a minimum monthly volume or a subscription package. Where Payoneer falls short is that it’s slow (compared to something like PayPal), …
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Paypal is more common but transaction fees and overall time spent waiting for some transfers if the other person doesn't have paypal or has not used it in a while is a plus for Payoneer.

Less hassle and more options related to types of transactions and places to process …
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Payoneer stacks the lowest and I wish that there were better options to use when working with companies abroad
Chose Payoneer
Payoneer has outperformed them all, with speedier payments, a larger network, and international business accounts. We first tried a few different payment service providers before settling on this one, like PayPal, Payeer, and Skrill. But after all these years, Payoneer …
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I chose Payoneer over the competition because of the low transaction fees and the ease of receiving money from customers anywhere in the world, and then being able to withdraw it without using intermediaries, directly to my bank account and into my local currency.
Chose Payoneer
When I used TransferWise I needed to add my Payoneer banking info. Therefore, even though I used this I still needed to use Payoneer. TransferWise limits the countries that they send cards to. It would have been easier to use and it would have removed the need to use Payoneer …
Chose Payoneer
As compared to PayPal, Payoneer has nominal exchange rates. Secondly, it is more popular in developing countries than PaPpal which ultimately helps us in doing business in those countries. Thirdly, the transaction fee that Payoneer deducts is less as compared to PayPal which I …
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I selected Payoneer as the fees they have deducted are less and also the exchange rate is better. Also, from time to time I get updates or notifications about the whereabouts of my money. Though there is a limit to receiving money in a single transaction using this tool, it's …
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Through Payoneer's payment solution, it is easy to send funds to numerous countries across the globe. Payoneer will help pay people from more than 85 countries around the world. One of the things I love about Payoneer is the simplicity that they offer.
Chose Payoneer
Payoneer is much more secure than any other transaction system. Transaction charges are affordable, but there is no other hidden cost to receive or make international payments. Its exchange rates are almost equal to the marketplace. Moreover, their Customer Support Team is well …
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Before using Payoneer I had to rely on PayPal Payments but I have to face many troubles. The interface is very unique, it is simple to use with an eye-catching and intuitive design, which helps in navigating things easily for the new user too. The platform also offers to …
Chose Payoneer
Payoneer is good for 3rd party sources when working with multiple companies. I like using PayPal Payments for when I'm charging a client individually and simply. Payoneer is best for reoccurring business with an entities like collecting from radio, online ads, commercials, …
Chose Payoneer
PayPal is accepted by country but I can only send out funds, no receiving. With Payoneer you can send and receive funds, it also has a free credit card that can be delivered to your door step.
Top Pros
Top Cons
Features
Payoneer
Payment Gateways
Comparison of Payment Gateways features of Product A and Product B
Payoneer
2.0
9 Ratings
93% below category average
Fraud Detection3.78 Ratings
API or SDK1.64 Ratings
Recurring Payment Support1.96 Ratings
Billing and Invoicing Support1.69 Ratings
Global Support1.19 Ratings
Payment Form Acceptance1.98 Ratings
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Payoneer
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User Ratings
Payoneer
Likelihood to Recommend
2.7
(31 ratings)
Likelihood to Renew
10.0
(1 ratings)
Support Rating
1.0
(2 ratings)
User Testimonials
Payoneer
Likelihood to Recommend
Payoneer
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
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Pros
Payoneer
  • 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.
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Cons
Payoneer
  • 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.
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Likelihood to Renew
Payoneer
Payoneer helps me a lot on my online business journey, it gave me the support and functions that I want.
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Support Rating
Payoneer
The support is really awful. They send you generic answers, and actually don't really understand what is going on. For example, when our re-verification was stuck, support agents told me that the account is active and you can send a payment. I did that, my card was charged, but the payment was declined, because the account was not active
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Alternatives Considered
Payoneer
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.
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Return on Investment
Payoneer
  • 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.
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