TrustRadius: an HG Insights company

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Payoneer

    Score8 out of 10
    N/APayoneer 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

    Razorpay Payment Gateway

    Score8.8 out of 10
    N/ARazorpay Payment Gateway, from Razorpay in Bangalore, boasts easy integration, completely online onboarding, feature filled checkout and performance.N/A

    Wise

    Score9.8 out of 10
    N/AWise, 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

    Pricing
    PayoneerRazorpay Payment GatewayWise
    Editions & Modules
    No answers on this topic
    No answers on this topic
    ATM Fees over 100 USD per month
    2%
    One time/%
    Accounting Funding transactions
    2%
    One time/%
    Receiving USD wire payments
    4.14 USD
    One time/%
    Getting the Wise Debit card
    5 USD
    One time/%
    Getting account details in 10 currencies
    31 USD
    One time/%
    Sending money
    From 0.41%
    One time/%
    Converting money
    From 0.41%
    One time/%
    Offerings
    Pricing Offerings
    PayoneerRazorpay Payment GatewayWise
    Free Trial
    NoNoNo
    Free/Freemium Version
    NoNoNo
    Premium Consulting/Integration Services
    NoNoNo
    Entry-level Setup FeeNo setup feeNo setup feeNo setup fee
    Additional Details———
    More Pricing Information
    Community Pulse
    PayoneerRazorpay Payment GatewayWise
    Considered Multiple Products
    Payoneer
    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 …
    Incentivized
    Chose Payoneer
    I would say they are both similar platforms, however, TransferWise has cheaper transfer fees. I also like TransferWise's user interface better. I use both platforms for different purposes and I am happy with both platforms. Having two platforms give me more flexibility …
    Incentivized
    Razorpay
    No answer on this topic
    Wise (formerly TransferWise)
    Chose Wise
    I used all of them and some more like Skrill, Neteller. Wise just worked better for me in most cases. Also, I use Payoneer a lot. When I started freelancing I was only using Payoneer, so it's been with me forever. But Wise worked pretty well for me, at least better than Remitly.
    Incentivized
    Chose Wise
    TransferWise beats all the competition on transaction rates, and it's easy to use. I literally have found no drawbacks in using TransferWise to pay my overseas contractors, and they prefer it too. I found it because my contractor recommended it to me, and it's better AND …
    Incentivized
    Chose Wise
    • TransferWise has lower transaction fees
    • A better user interface--much cleaner, and simple to use
    • Very simple and smooth process to transfer and receive money
    Incentivized
    Key User Insights
    Would buy again
    59%
    Would buy again
    17 Answers
    No answers on this topic
    96%
    Would buy again
    22 Answers
    Delivers good value for the price
    64%
    Delivers good value for the price
    16 Answers
    No answers on this topic
    96%
    Delivers good value for the price
    22 Answers
    Happy with the feature set
    59%
    Happy with the feature set
    17 Answers
    No answers on this topic
    96%
    Happy with the feature set
    22 Answers
    Lived up to sales and marketing promises
    48%
    Lived up to sales and marketing promises
    13 Answers
    No answers on this topic
    89%
    Lived up to sales and marketing promises
    17 Answers
    Implementation went as expected
    57%
    Implementation went as expected
    16 Answers
    No answers on this topic
    100%
    Implementation went as expected
    18 Answers
    Features
    PayoneerRazorpay Payment GatewayWise
    Payment Gateways
    Comparison of Payment Gateways features of Payoneer and Razorpay Payment Gateway and Wise
    Feature
    Payoneer
    1.3
    9 Ratings
    140% below category average
    Razorpay Payment Gateway
    8.8
    4 Ratings
    17% above category average
    Wise
    -
    Ratings
    Fraud Detection2.38 Ratings9.02 Ratings00 Ratings
    API or SDK1.04 Ratings8.34 Ratings00 Ratings
    Recurring Payment Support1.16 Ratings9.34 Ratings00 Ratings
    Billing and Invoicing Support1.09 Ratings9.04 Ratings00 Ratings
    Global Support1.19 Ratings8.03 Ratings00 Ratings
    Payment Form Acceptance1.08 Ratings9.03 Ratings00 Ratings
    Best Alternatives
    PayoneerRazorpay Payment GatewayWise
    Small Businesses
    Apple Pay
    Score9.1 out of 10
    Apple Pay
    Score9.1 out of 10
    No answers on this topic
    Medium-sized Companies
    Amazon Pay
    Score9.5 out of 10
    Payoneer
    Score8 out of 10
    No answers on this topic
    Enterprises
    Checkout.com
    Score10 out of 10
    Checkout.com
    Score10 out of 10
    No answers on this topic
    All AlternativesView all alternativesView all alternativesView all alternatives
    User Ratings
    PayoneerRazorpay Payment GatewayWise
    Likelihood to Recommend
    1.0
    (29 ratings)
    8.7
    (5 ratings)
    9.0
    (24 ratings)
    Likelihood to Renew
    10.0
    (1 ratings)
    -
    (0 ratings)
    -
    (0 ratings)
    Usability
    -
    (0 ratings)
    8.0
    (3 ratings)
    -
    (0 ratings)
    Support Rating
    1.0
    (2 ratings)
    -
    (0 ratings)
    10.0
    (1 ratings)
    User Testimonials
    PayoneerRazorpay Payment GatewayWise
    Likelihood to Recommend
    Payoneer
    Although the withdrawal is limited to the ACH US accounts, as they aren't real bank accounts, it's a convenient way to get paid fast from Stripe, although if there is a small fee or a chargeback as these are way in payments only, it becomes a nightmare to fix those problems. It does allow the bank accounts to be accepted with Stripe. For any kind of ACH payment to vendors, the service is way too limited, I wasn't able to pay anyone, unless I use the card to do it, as any regular card. In my experience, I think Import export, international trade transactions or high ticket items are impossible due to the small upper limits, for instance I can't use it to pay a vendor for a regular inventory of the latest iPhones(more than a million dollars for just a few items), nor to get paid by an overseas buyer(for instance my clients in Dubai), that buy these items on a daily basis, for these operations is just not suited.
    Incentivized
    Read full review
    Razorpay
    Razorpay Payment Gateway is suitable for starters as well as large enterprises too. They do not have annual maintenance charges, but the transactional charges could feel a little on the higher side for starters. However, the seamless payment interface and better acceptability make it a good choice. Even for businesses looking to broaden their horizon beyond India, it is nice to have international features enabled on your account.
    Incentivized
    Read full review
    Wise (formerly TransferWise)
    For a small business looking to expand internationally, transferwise offers lower admin fee and no hidden fee which is very important. It also remove the hassle and headache of setting up accounts with the local banks. Other than the low fees, the best part is we can use transferwise safely with a peace of mind as it is being regulated by the MAS. Lastly, any small business can set up their transferwise account within minutes which is very convenient
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Razorpay
    • Payment Notification
    • Intuitive Dashboard
    • Various Payment Methods
    • Export of reports
    Incentivized
    Read full review
    Wise (formerly TransferWise)
    • Quick - because funds are transferred domestically, even when going international, you don't have to wait long.
    • Easy - the printout of what information I needed to give the sending bank was complete and easy to understand.
    • Affordable - the fees on both ends were minimal.
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Razorpay
    • Lowering Payment Release / Settlement Period
    • Cumbersome International Payment Acceptance
    • Webhook issues with Shopping cart (WooCommerce)
    Incentivized
    Read full review
    Wise (formerly TransferWise)
    • For large money transfers, the tax is a bit expensive so it would be nice if that was adjusted or if there was some economy of scale.
    • Ability to schedule recurring transfers could be useful.
    • Be able to transfer money by using a mobile phone number, like with Mobile Pay or Bizum, when the sender and receiver of the money are in different countries.
    Incentivized
    Read full review
    Likelihood to Renew
    Payoneer
    Payoneer helps me a lot on my online business journey, it gave me the support and functions that I want.
    Incentivized
    Read full review
    Razorpay
    No answers on this topic
    Wise (formerly TransferWise)
    No answers on this topic
    Usability
    Payoneer
    No answers on this topic
    Razorpay
    Standard industry payment gateway with lot of different payment options
    Incentivized
    Read full review
    Wise (formerly TransferWise)
    No answers on this topic
    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
    Read full review
    Razorpay
    No answers on this topic
    Wise (formerly TransferWise)
    We haven't really had to engage with TransferWise support. The platform is simple and easy to use.
    Incentivized
    Read full review
    Alternatives Considered
    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 continues to provide us with the best services, features, and safety overall.
    Incentivized
    Read full review
    Razorpay
    Stripe allows us to collect payment from GCC countries. Which is missing in Razorpay. Works fine for Indian customers
    Incentivized
    Read full review
    Wise (formerly TransferWise)
    We considered PayPal payment, ACH bank transfer, and simply mailing a check. TransferWise's fees were much lower than PayPal and our bank. Postage might have been less than TransferWise's fee, but payment could have taken more than a week rather than hours (or days in the case of a new payee).
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Razorpay
    • Increased sales with EMI and Paylater Payment Method
    • Reduced time to verify transaction manually
    • Managing team with different roles
    Incentivized
    Read full review
    Wise (formerly TransferWise)
    • We can save around 5% on our transfer fees
    • The online account management is easier than going into banks personally
    • There's no negative impact...
    Read full review
    ScreenShots