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Payoneer description
Payoneer is a global financial platform that helps businesses, particularly small and medium-sized enterprises (SMEs), manage cross-border payments. It allows you to pay and get paid by international clients and contractors easily, in multiple currencies. Payoneer also provides tools for managing your funds, including withdrawing to your bank account. It's known for its international reach, supporting over 200 countries and 150 currencies.
Who is Payoneer best for
Payoneer is a versatile platform simplifying cross-border payments for businesses. Its multi-currency support and convenient fund management tools are praised by users. However, some have reported issues with high fees and customer support. Perfect for SMBs engaged in international trade or employing freelancers globally.
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Best for small to medium-sized businesses (SMBs) needing international payment solutions.
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Ideal for various sectors, including e-commerce, retail, and software.
Payoneer features
Supported Payoneer supports receiving online payments directly from invoices via payment requests and local bank details. |
Supported Payoneer supports receiving payments and making payouts in multiple currencies. |
Supported Payoneer accepts payments via bank transfers, both locally and internationally. |
Supported Payoneer supports international payments from customers worldwide. |
Supported Payoneer supports payments and reimbursements in over 190 countries and 70 currencies. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Payoneer reviews
We've summarised 1054 Payoneer reviews (Payoneer Software Advice reviews, Payoneer GetApp reviews, Payoneer TrustPilot reviews, Payoneer Capterra reviews and Payoneer G2 reviews) and summarised the main points below.
- Secure platform for international payments
- Ease of use for receiving payments and managing funds
- Multiple currency accounts and convenient transfers between them
- Integration with freelance platforms and marketplaces
- Availability of a physical debit card for easy access to funds
- High fees for certain transactions and withdrawals
- Account blocking or suspension issues, often without clear explanation
- Slow and unhelpful customer support, especially with complex issues
- Limited functionality of the mobile app
- Difficulties with account verification and document submission
Payoneer pricing
The commentary is based on 250 reviews from Payoneer Capterra reviews, Payoneer G2 reviews, Payoneer GetApp reviews and Payoneer TrustPilot reviews.
Payoneer's fees are a recurring concern, described as expensive, high, and impacting small businesses and freelancers. While some find the rates competitive, others point to lower-cost alternatives. Several users mention annual fees and high transfer costs negatively impacting earnings.
Users sentiment
See the Payoneer pricing page.
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Payoneer has a free plan.
Receive payments from another Payoneer customer’s balance for free.
Send your clients payment requests which they can pay via credit card, ACH bank debit, and direct bank payments.
Get paid directly into your Payoneer account by various marketplaces, platforms, and networks.
Use your Payoneer receiving accounts like a local bank account in the country and currency you get paid.
Payments from your Payoneer balance to a recipient’s Payoneer account.
Pay people and organizations directly from your Payoneer balance to their bank account via bank transfer.
Pay any Payoneer user for their services via credit card, local bank transfer, ACH bank debit, or direct bank payment.
Make business purchases, pay for advertising, buy goods and services, and withdraw funds at ATMs.
Move funds between your Payoneer balances.
Withdraw funds to your local bank account.
Payoneer alternatives
Payoneer FAQ
Payoneer is a financial services platform that facilitates cross-border payments for businesses, especially SMEs. It enables sending and receiving payments in various currencies, managing funds, and withdrawing to bank accounts. Payoneer supports over 200 countries and 150 currencies, simplifying international business transactions.
What is Payoneer and what does Payoneer do?
Payoneer is a financial services platform that facilitates cross-border payments for businesses, especially SMEs. It enables sending and receiving payments in various currencies, managing funds, and withdrawing to bank accounts. Payoneer supports over 200 countries and 150 currencies, simplifying international business transactions.
Payoneer integrates with various platforms, including e-commerce marketplaces, freelance platforms, and other business tools. This allows for streamlined payment processing and easier management of international transactions. It also offers API integrations for more customized solutions.
How does Payoneer integrate with other tools?
Payoneer integrates with various platforms, including e-commerce marketplaces, freelance platforms, and other business tools. This allows for streamlined payment processing and easier management of international transactions. It also offers API integrations for more customized solutions.
Payoneer's main competitors include VertoFX, BILL AP/AR, and MaestroPayment for international payments, and Coupa, SAP Concur, and Airbase for broader spend management. These alternatives offer similar features for businesses needing streamlined financial operations.
What the main competitors of Payoneer?
Payoneer's main competitors include VertoFX, BILL AP/AR, and MaestroPayment for international payments, and Coupa, SAP Concur, and Airbase for broader spend management. These alternatives offer similar features for businesses needing streamlined financial operations.
Yes, Payoneer is a legitimate financial platform for international payments. It's known for its global reach, supporting numerous countries and currencies, making it a secure option for cross-border transactions. However, be aware of potential downsides like high fees and customer service issues.
Is Payoneer legit?
Yes, Payoneer is a legitimate financial platform for international payments. It's known for its global reach, supporting numerous countries and currencies, making it a secure option for cross-border transactions. However, be aware of potential downsides like high fees and customer service issues.
Payoneer offers free services like receiving payments from other Payoneer users and using receiving accounts. Other services, like paying clients or managing currencies, incur fees ranging from 0.5% to 3.99%. The Payoneer card is free, but some add-ons and transactions may have associated costs.
How much does Payoneer cost?
Payoneer offers free services like receiving payments from other Payoneer users and using receiving accounts. Other services, like paying clients or managing currencies, incur fees ranging from 0.5% to 3.99%. The Payoneer card is free, but some add-ons and transactions may have associated costs.
Payoneer customer service reviews are mixed. While some users praise the helpfulness and responsiveness of the support team, many others express frustration with slow response times, unhelpful generic replies, and difficulty reaching live support for complex issues.
Is Payoneer customer service good?
Payoneer customer service reviews are mixed. While some users praise the helpfulness and responsiveness of the support team, many others express frustration with slow response times, unhelpful generic replies, and difficulty reaching live support for complex issues.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.