What Is Payoneer?
Cross-border payment processing solution that enables businesses to manage global payments securely.
Who Uses Payoneer?
Not provided by vendor
Where can Payoneer be deployed?
Cloud, SaaS, Web-based
About the vendor
- Payoneer
- Located in New York, U.S.
Payoneer pricing
Starting Price:
- Yes, has free trial
- No free version
Payoneer does not have a free version but does offer a free trial. Payoneer paid version starts at N/A.
About the vendor
- Payoneer
- Located in New York, U.S.
Payoneer videos and images
Compare Payoneer pricing with similar products
Features of Payoneer
Alternatives to Payoneer
Reviews of Payoneer
Md abu K.
A great global payment support for our organization.
Comments: Overall, I am satisfied with the software. It has been a blessing for our organization for paying the freelancers for various official purposes.
Pros:
This payment tool supports almost all the countries in the world. It can add & save wallets in multiple currencies including providing bank details. They provide Visa/ Mastercard which can be used to make payments & many more. The software can be accessed from a cross-platform & can be integrated to receive payments from PayPal & make payments to the freelancers. Their verification system is also fast.
Cons:
There is no way to recover the account after any accidental issue. They ban the account without hearing anything from the user & don't give any scope to restore the account under any condition.
Pius E.
Alternatives Considered:
Payoneer
Comments: I have been using Payoneer for about 4 years now and it's been a satisfying relationship. Stripe payouts come in without issues and my withdrawals are mostly on time on time taking within 2 to 3 business days. I also pay a couple of my employees via Payoneer and there has never been a complaint.
Pros:
It processes Stripe payouts smoothly. My stripe payments come in time and are allocated to the respective receiving account accounts. For example, USD payments come into my USD receiving account and EUR payments come into my EUR receiving account. You also notice that payoneer has better exchange rates when withdrawawing your money or sending from between the receiving accounts. Payoneer works extra smooth with Stripe!
Cons:
Not much to be honest! As a payment processor, Payoneer works perfectly in all the areas that are essential for it to deliver a satisfying experience to customers. Its service is impeccable. However, as with any product that's always improving, I believe they can improve more on the mobile app by adding more actions such as adding bank accounts and better analytics covering more information.
Svyatoslav D.
Money stolen
Comments: I withdrew to my bank account 300 euros [SENSITIVE CONTENT], the funds have not come so far. When contacting support constantly increase the timing of the decision of my question, first 21 working days, and now the term has grown to "unknown when". If you want to lose your hard-earned money - go to Payoneer.
Pros:
- Mastercard debit card - market exchange rate
Cons:
- Customer support does not solve customer issues, but writes off with boilerplate phrases - The company is not responsible for customers' money, even when it is lost through their fault.
Archna S.
Very low fees, more features and easy to setup.
Comments: Besides of my Job, I am doing Freelancing and other micro jobs in the same field(News and Media Production) and Payoneer is helping me to receive payments very easily. I have found Payoneer to be much cheaper as compared to its competitors. The payments get settled in my local Bank account automatically without much delay.
Pros:
The best thing about Payoneer is its very low fees compared to its competitors. The process of setting up Payoneer has been simplified in last few years, it now requires very less user information and becomes ready to receive payments. Payoneer provides virtual bank accounts of several popular currencies like USD, GBP, EUR, HKD etc. to receive payments from other businesses. I can simply give my Bank account details like Account Number, Routing number and Bank Name to receive payments from my freelancing and side business. Also, Payoneer can be integrated with several other platforms to receive payments. The best thing is the payments get settled in my Bank account in my local currency next day.
Cons:
The Customer Support service of Payoneer needs to be improved. The Support team takes so long to respond to urgent queries and even after that, they take so long to fix the problems. Another problem with Payoneer is that I can only use the virtual Bank accounts provided by them to receive funds from business accounts. Means, only business payments are allowed and local domestic transfers are not allowed.
Ankit S.
Good product and services a bit expensive but secure
Comments: I work for international software development and get paid by Payoneer in their currency and transfer that money in my Indian bank account
Pros:
Its easy to use and I don't have to worry about safety of my money. I charge my customer and they make payment to me via Payoneer and services provided by them are good
Cons:
Pricing, I feel that I am being charged a lot in conversion.
