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Payoneer

Score7.6 out of 10

48 Reviews and Ratings

What is Payoneer?

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.

Top Performing Features

  • Fraud Detection

    Ability to detect fraudulent transactions while allowing legitimate transactions

    Category average: 7.2

  • Recurring Payment Support

    Ability to support subscriptions and recurring payments

    Category average: 7.3

  • Global Support

    Supports many currencies and languages

    Category average: 7.3

Areas for Improvement

  • Payment Form Acceptance

    Ability to accept many different forms of payment

    Category average: 7.1

  • API or SDK

    Tools to interact with payment gateway code

    Category average: 8

  • Billing and Invoicing Support

    Billing a client for work done

    Category average: 7.3

Payoneer Chaos

Use Cases and Deployment Scope

I use Payoneer to get paid by my customers. I am supposed to paid an up front fee for producing content and then royalties on a regular basis following that. But in my experience so far, Payoneer has transferred 0 dollars. The service is supposed to provide a trusted way to transfer funds directly to a payee's bank account.

Cons

  • I believe their software is riddled with bugs.
  • They keep sending me requests for documents but in my experience, their system does not accept them.
  • I believe their support staff is incompetent and cannot fix the problem. They will assign someone to address your technical problems who can't solve them.
  • I have yet to be paid, even once.
  • I feel that they take many weeks to solve your problem.
  • I have found that they will notify you of required documents you have already submitted.

Return on Investment

  • Negative: I am owed over $1000, unpaid by Payoneer.
  • Negative:I have wasted countless hours trying to resolve Payoneer's bugs.
  • Negative: I feel that this defective service has a negative effect on my relationship with my business partners who want to ensure that I have been paid.

Other Software Used

Microsoft Copilot, Sublime Text, PostgreSQL

Payoneer Review

Use Cases and Deployment Scope

In my experience, somebody got unauthorized access to my account. I believe my worst mistake was to report that it was hacked. I believe it didn't help me and it made my situation worse. Payoneers support (many different persons contacted me) worked diligently and went through a lot of trouble to put up roadblocks for me in my opinion. In my experience, a Payoneer supporter went as far as to research the validation of Israeli ID cards. In my opinion, their research isn't up to date. The Israeli government extended the validation period In my experience, Payoneer got the address to the Israeli government site, the page about renew your id 2022 with proof. In my experience, this is what has happened and what I've done so far: Somebody got unauthorized access to my account and instantly moved $480 to his own Payoneer account with the email address: (removed but sent several times to Payoneer) without my permission. I received Payoneer's email about the illegal transaction with a link to use immediately if I hadn't authorized it. I clicked the link which led me to Payoneer's maze page with several types of support. It took me around 10 minutes to find the right place.. and I could only find a number in US. I don't live in the US. I can only use my phone in Israel. So I spent another 10 minutes figuring out how to charge Skype so I could call long-distance to the US from Israel. The supporter I talked to would create a ticket. * Got email from a Payoneer supporter. Got told to use another email address and reply to the questions I would receive. They needed a copy of a valid government-issued ID. No reply from Payoneer. I wrote and asked for an update and wrote on LinkedIn, too. Then I was asked one week later to provide a government-issued ID which I'd already done. I had to send another government-issued ID, I was told. I replied that I didn't have any other. I don't have a car and I don't travel. Thus my driver's license is old and in my maiden name. Still valid, though. And I don't have a passport since I have no need for it. In my experience, after several emails from Payoneer asking me for another Government issued ID, which I've already said several times I didn't have, came the email from yet another supporter, around 2:30 am my time. In my opinion, this latest email showed proof of no compassion but lots of energy putting into making things hard for me. In my experience, the supporter claimed falsely that my ID was no longer valid, which is not true. Result: I don't have access to my account. I have lost $480 and also around 4 EUR and around $2.50 USD. Plus a pending payment hasn't been accepted since November 15, and I'm expecting more money coming from Amazon in five days or less. In my opinion do yourself a favor and take out your money from Payoneer.

Pros

  • I believe they are great at charging fees both for paying for products and for receiving money
  • I believe they can accept payments from Amazon KDP and ClickBank
  • In my opinion, hey are excellent in making life tough for honest account holders

Cons

  • In my opinion, Non-existing customer service
  • In my opinion, Slow customer service
  • In my opinion, Support uses canned replies
  • In my opinion, Support either don't understand English or doesn't read it
  • In my opinion, Provides a useless link when you need fast help
  • In my opinion, Could be smoother in accepting money from private persons

Most Important Features

  • Being able to receive money from KDP Amazon
  • Letting me use a debit card on Amazon

Return on Investment

  • Right now a loss of more than $500 (the $480 stolen, the money on my cards, the pending payment they don't accept)

Warning Warning Warning - DO NOT USE IT

Use Cases and Deployment Scope

Warning Warning Warning - DO NOT USE IT - Aweful ServiceTake too much time to approve payments. Proccessing time should be minimal.Edit: After the payment is approved they took 29.5USD in the of annual fee. I dint know about this. I only got $30 for a work I did for a client and they took it all. Ridiculous terms. I dont use it often and I am never going to use it anymore. Please be aware, PayPal is much more better than this.

Return on Investment

  • Nothing I am just not happy with the service

Other Software Used

Braintree, a PayPal service

Awful service. Don't recommend to anybody. We are planning move out to another bank from next month.

Use Cases and Deployment Scope

Awful service. Don't recommend to anybody. We are planning move out to another bank from next month. We made a remittance on 24 of August. Bank requested documents from us to review a transaction on 29th of August. We provided all documents on 30th of August. Now is 14th of September, transaction is still under review. In August support answered that review migh take a week, then 2 weeks. Now support answers, that review process might take up to a month!!! Transaction sum is $8000, Payoneer took $160 for transaction. Our contraсtor put on hold providing services a week ago and now we could loose our client, who can't wait more. Payoneer support said that they can't even charge back sum to us, so they just froze it on their balance. In case if transaction will get to back to our balance - they don't get back the fee to the client as well. It's fantastic! Customer ID: 51882254 Transaction ID: 574760447

Pros

  • Make payment transfers

Cons

  • Payment transfers
  • Time of payment verfication
  • Huge fees

Most Important Features

  • Payment transactions

Return on Investment

  • They put on hold our transaction for review for 2 weeks.

Alternatives Considered

Wise

Other Software Used

Exact Payments, ChatSupport

Terminated our account for no reason. Almost 10 years we used this service

Use Cases and Deployment Scope

We used Payoneer for almost 10 years to pay our contractors in digital marketing field in different countries. This April they asked us to re-verify our account by submitting fresh documents. It was done almost immediately, but then the verification process was stuck in limbo. I contacted support multiple times about the timelines, but every time they "sincerely apologized", but were not able to tell anything specific. All this time we were not able to send payments to our contractors (one of them is located in Georgia, and one in Ukraine), and had to use alternative systems. This week I got a notification that our account is terminated and they declined to disclose the reason. 5 figures amount is stuck in our account. I believe this company doesn't respect loyal customers, their support team is not professional and I strongly urge you to never deal with Payoneer.

Pros

  • Fast payments to different countries
  • Good reporting features

Cons

  • Terminated our account for no reason
  • I believe customer support is terrible

Most Important Features

  • Payment gateway
  • Payment request management

Return on Investment

  • In my experience they blocked our account with 5 figures on a balance
  • We were not able to pay our contractors on time, and were forced to use alternative systems with higher fees (10%)

Alternatives Considered

PayPal Payments Pro and Stripe

Other Software Used

PayPal Payments Pro, Stripe