What users are saying about
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Top Rated
52 Ratings
Top Rated
231 Ratings

Payoneer

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Top Rated
52 Ratings
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Score 8 out of 100
Top Rated
231 Ratings
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Score 8.2 out of 100

Attribute Ratings

  • Payoneer is rated higher in 1 area: Support Rating
  • PayPal Payments Pro is rated higher in 1 area: Likelihood to Recommend

Likelihood to Recommend

7.4

Payoneer

74%
25 Ratings
8.5

PayPal Payments Pro

85%
75 Ratings

Likelihood to Renew

10.0

Payoneer

100%
1 Rating

PayPal Payments Pro

N/A
0 Ratings

Support Rating

10.0

Payoneer

100%
1 Rating
2.8

PayPal Payments Pro

28%
14 Ratings

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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PayPal

Paypal is great for personal payments as well as business payments for ecommerce of for paying monthly memberships. It is a user friendly software that needs little expertise to get used to. For larger payments, the fees become high therefore it is more suitable for payments of upto few hundred dollars.
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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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PayPal

  • PayPal offers me the option of converting my currency deposited in my account to another currency, so I can complete all kinds of payments and send money to employees who are in another country for business reasons.
  • The mobile phone application is too fast, I can make payments to my employees in a matter of seconds without having to wait for the web version to load.
  • Scheduled payments are great. PayPal allows me to add a list of contacts to my PayPal Business account, and after adding the contacts, I can schedule payments for a specific day and time. It's easier to make automated payroll payments with PayPal.
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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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PayPal

  • Sometimes the UX flow would not deliver the customer back to our site, leaving orders in limbo "Pre-approved" status. The customer would call days later asking why we hadn't shipped it.
  • The PayPal logo on the checkout page can be kind of large and obtrusive.
  • They mention new features and programs on their login page, but it's hard to find any details on them deeper in the software.
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Pricing Details

Payoneer

Starting Price

Editions & Modules

Payoneer editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    PayPal Payments Pro

    Starting Price

    $0 per transaction

    Editions & Modules

    PayPal Payments Pro editions and modules pricing
    EditionModules
    Commercial Transactions - Online2.90% + fixed fee1
    Commercial Transactions - In-Store2.70% + fixed fee2
    PayPal's pay later offers2.90% + fixed fee3
    QR code Transactions1.90% + fixed fee4
    Venmo2.90% + fixed fee5
    Charity Transactions2.20% + fixed fee6

    Footnotes

    1. per transaction
    2. per transaction
    3. per transaction
    4. per transaction
    5. per transaction
    6. per transaction

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    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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    PayPal

    No answers on this topic

    Support Rating

    Payoneer

    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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    PayPal

    Customer service representatives were unable to explain why customer in Australia were unable to make payments using our link. It turned out that customers in Australia must create an account. PayPal's user interface did not reveal this to our customers in Australia. There was plenty about this issue appearing in online forums and PayPal customer service couldn't explain this. This change in PayPal's usability happened between April and May of 2021 and was done without notice to vendors (like us).
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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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    PayPal

    I don't think there's really any competition here. There's Venmo (also owned by PayPal) who is now offering business accounts, but it still isn't quite the same. The closest thing in terms of ease of use would be Apple Pay or Google Pay (and there are a handful of others out there, but we offer Apple and Google Pay). As a business, I prefer Apple or Google Pay to PayPal Payments, but we offer either Google or Apple Pay, PayPal, and credit card options and PayPal is always right up there with credit cards. I don't foresee us ever getting rid of PayPal Payments as an option, but we do try to only offer it on request for higher ticket items or high dollar installment purchases.
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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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    PayPal

    • Our daily revenue has been increased when started PayPal Payments as the payment gateway.
    • Refund rate and recurring revenue is stable and disputes are handled properly.
    • Forex Fluctuations is controlled and solved the buying experience for few users.
    • Solved problem for different currencies and retained our users.
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