Likelihood to Recommend 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 According to my experience, it is best for all types of businesses. You can integrate with your blog, and website easily in some simple steps. You can accept payments through payment pages, and links where you can set expiry dates. When a customer finds various payment methods, he/she will use your services again and again, which will grow your business. It automatically records payments, and in case of payment failures, you can set up an auto refund without any hassle. But when it comes to customer support, their response time is long, and they mostly create tickets via live chat. You can set instant settlement, but you have to pay an extra fee for that.
Read full review Pros 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 Payment Notification Intuitive Dashboard Various Payment Methods Export of reports Read full review Cons 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 Customer support response time Reduce flat payment gateway charges Add more Wallet and EMI options 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.
Read full review Support Rating 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
Read full review Alternatives Considered 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 Easy to set up, and integration happens with simple steps. Various payment options. Easy to export reports. Instant payment notification and updates on dashboard. Useful for individuals, SMEs, and companies. Adding creative features from time to time for more improvement. The support team is responsive among other tools like
Paytm ,
Google Pay , and Stripe.
Amazon Pay is best when it comes to charges, but it has missing payment methods of Paylater apps, EMI apps. If it reduces its flat 2% charge, then it will trend at top.
Read full review Return on Investment 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 Increased sales with EMI and Paylater Payment Method Reduced time to verify transaction manually Managing team with different roles Read full review ScreenShots