Availability in 200 countries, 4 million users, payments in 150 currencies… I am sure you have already figured out that today we will talk about Payoneer, a large and successful financial business worldwide. If you are a business owner, consultant, or specialist, the issue of receiving payment is critical for you. Transferring your funds quickly, safely, and inexpensively are main principles of Payoneer.
Payoneer is an American payment company founded in 2005 that facilitates online payment transfers both within the United States and internationally. At the moment, Payoneer has several hundred partner companies around the world ( Airbnb, Upwork, Amazon, etc.), which allows you to officially receive payments from them on your card.
If you are looking for financial solutions for your business, whether you send/receive online payments domestically or internationally, Payonner is your #1 choice.
Today, payment services are an integral part of online trading. Most online platforms offer to withdraw funds through PayPal and Payoneer. Availability of these payment options on the website of the online store is a certain indicator of the quality and integrity of the seller. Let’s compare Payoneer and PayPal services to check which one is the best solution to choose.
|Year of establishment||2005||1998|
|Number of active customers||4 million||More than 179 million|
|Service||Provides solutions for professionals and businesses to send and receive payments globally.||Operates as an acquirer, performing payment processing for online vendors, auction sites, and other commercial users.|
|Company size||Small business|
|Coupon||Free $50 Coupon.||–|
|Fee||Receiving FREE / 1%||0.005% +|
+4-5% approx above
market exchange rate
|Pricing model||Quote-based||Monthly payment|
|Convenience||With Payoneer MasterCard, you can access your funds at any time, at an ATM near you.||With PayPal, you can withdraw money back to your bank account, or use it to make payments directly from your PayPal.|
|Speed||0 – 3 Days||0 – 3 Days|
|Min transfer amount||Varies Per Customer||$0|
|Travel debit card||+||–|
|Global bank accounts||+||–|
|Integrations||Payoneer’s API enables businesses and professionals all over the world to pay and get paid within their platform.||PayPal Pro integrates with the following businesses:|
|List of features|
To summarize, both services fill a need. While the companies offer similar capabilities, Payoneer has a stronger focus on international transactions and claims to offer lower overall costs than its competitors. As you can see, they still differ in their fee structure, interactions with your accounts, international availability, and etc.
Payoneer has the edge over PayPal when you have to make larger transactions. In the case when you need to get a payout from online platforms, Payoneer comes out more profitable and fast. Join millions of businesses and professionals receiving cross-border payments via Payoneer to evaluate its benefits in full.
To take advantage of all the benefits of the payment system, you should register your Payoneer account. Your decision should be conscious since all the data of the new client is checked, and any discrepancies can lead to cancellation of the application.
After, Payoneer will review your application and send you an e-mail with approval. Once this e-mail is received, you will need to activate your account.
Now you are ready to start using your Payoneer account.
|RECEIVE PAYMENTS WITH PAYONEER||From Another Payoneer Customer||USD | EUR | GBP | JPY – Free|
|Via Receiving Accounts||EUR | GBP | JPY | AUD | CAD| MXN – free|
USD – 0-1% (fee varies by country)
|Directly From Your Customers||Credit Card (all currencies) – 3%|
eCheck (USD) – 1%
|Via Marketplaces & Networks||Fees set by each marketplace or network may vary. Please check their website for precise rates.|
|MANAGE YOUR FUNDS||Withdraw Funds From Your Payoneer Account To Your Local Bank Account||up to 2%|
|Withdraw Funds From Your Payoneer Account To a Bank Account in The Same Currency||USD – $1.50|
EUR – €1.50
GBP – £1.50
|Manage Currencies With Payoneer||0.5% of amount to transfer.|
Fees are automatically calculated so you always know how much money you will receive.
|PAY||Pay Your Service Providers With Payoneer||eCHECK – 1%|
CREDIT CARD – 3%
LOCAL BANK TRANSFER -1%
MasterBundles works with vendors from all over the world. The funds withdrawal process from MasterBundles to Payoneer for vendors is in no way different from any other marketplace.
You will need to send a payment request to our vendor communication manager via email and within 3-5 days we’ll make a payment. That’s it!
Moreover it is much easier for us to make a withdrawal of money on Payoneer than on Paypal. Payoneer accepts payments in USD, EUR, GBP, JPY, AUD, CAD & MXN – as if you had your own local bank account! Don’t have a Payoneer account yet? Sign up now and earn $25
If you have already received funds to your Payoneer account, go ahead and withdraw your funds.
You will receive an email confirmation after completing the withdrawal, and your funds will be available in your account within 3-5 business days.
Payoneer service becomes more and more popular every year. Existing and new services, one way or another related to eCommerce, include Payoneer as an effective method to withdraw funds. Payments from foreign companies are made without territorial restrictions: it does not matter where in the world you are. This method of money transfers is especially in demand among freelancers and other professionals who work worldwide.
Is Payoneer safe? Absolutely! So far, Payoneer has earned an impeccable reputation. It is known as a responsible and reliable company focused on quality customer satisfaction. Today, Payoneer services are used by millions of people from more than two hundred countries and hundreds of companies of international level. Start using Payoneer to enjoy all the benefits of this company!
When it comes down to it it’s Payoneer that we would have to recommend if you’re looking for the best online payment processor to use for sending and receiving payments as well as being able to access your money.
We’ve been using Payoneer for about 3 years now and we’ve had a wonderful time with the service they offer without any complaints regarding customer service or payment issues.