Payoneer

Send and receive money locally and internationally

4,4 /5 (121 reviews) Write a Review!

Payoneer Overview

What is Payoneer?

Payoneer’s international payments platform allows users to send and receive payments across over 200 countries, in more than 150 currencies. Users can keep track of their account balance, payments, and full transaction history online, including foreign currency amounts and transaction fees.

Payoneer offers multiple methods for payment transfer, such as prepaid MasterCard®, bank transfers, and e-wallets. Users can decide whether the payer or the recipient pays the transaction fees, and specify this when requesting payments, both from other Payoneer users and also third parties without Payoneer accounts.

Payoneer Overview

Pricing

Starting from
N/A

Pricing options

Free Trial
Value for money

Payoneer Features

Devices
Business size
S M L
Markets
United States, Canada, United Kingdom, Australia, China and 5 others, India, Japan, Germany, Brazil, Mexico
Supported Languages
Arabic, Chinese (Simplified), Danish, English, Finnish and 11 others, French, German, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Turkish

Media

Users can keep track of their balance and all their transactions in their Payoneer account
Payoneer has various different withdrawal methods, including prepaid MasterCards
Payoneer users can receive money via global bank transfer
Payoneer also has iPhone  and Android apps
Users can request payments from companies or individuals, whether or not the payer has a Payoneer account
Payoneer video Payoneer video Payoneer screenshot: Users can keep track of their balance and all their transactions in their Payoneer account Payoneer screenshot: Payoneer has various different withdrawal methods, including prepaid MasterCards Payoneer screenshot: Payoneer users can receive money via global bank transfer Payoneer screenshot: Payoneer also has iPhone  and Android apps Payoneer screenshot: Users can request payments from companies or individuals, whether or not the payer has a Payoneer account

Payoneer Reviews

Payoneer Reviews

Overall rating
4,4
/
5
Excellent
73

Very good
37

Average
5

Poor
3

Terrible
3

Value for Money
4,2
Features
4,3
Ease of Use
4,4
Customer Support
4,3
91% recommended this app
Yuri P.

Payment transferring for small businesses

With Payoneer, we can receive payments with different currencies. It made our job easier and as well our accountant is happy.


Desmond C.

Having accounts with foreign banks is so dope

Payoneer is really cool, what attracted me first was my ability to withdraw directly to my bank account, it became my Paypal alternative, since Paypal has some restrictions on my country (Nigeria).

I have gone ahead to even refer other online freelancers to use Payoneer.


Verified Reviewer

Worst Support Team Ever. Their Partner company has been involved in a $1.2 Billion Fraud

It has been a nightmare being their customer and once I get my funds back, never visiting their website ever again. WORST EXPERIENCE EVER!


Nkeiruka O.

SUITABLE PAYMENT PLATFORM

Swift payment of International Service and Products Providers. Easy receipt of payments from our International Clients and Customers.


Elvis U.

My experience using Payoneer

I use payoneer to receive payments for my freelance gigs.


Yuri P.
Industry: Events Services
Company size: 2-10 Employees

Payment transferring for small businesses

Used Daily for Free Trial
Reviewed on 2019/07/28
Review Source: Capterra

With Payoneer, we can receive payments with different currencies. It made our job easier and as well our accountant is happy.

Pros

Considering its competitors like PayPal, Transferwise, Bitwage, Payoneer is the fastest money transferring software. In payoneer you may engage with more than 100 currencies however in PayPal it is just 30.

Cons

Well, yes Payoneer is the fastest but is the most expensive as well. Also, they do not offer 7/24 customer service.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

Desmond C.
Industry: Marketing & Advertising
Company size: 2-10 Employees

Having accounts with foreign banks is so dope

Used Other for 6-12 months
Reviewed on 2020/09/16
Review Source: Capterra

Payoneer is really cool, what attracted me first was my ability to withdraw directly to my bank account, it became my Paypal alternative, since Paypal has some restrictions on my country (Nigeria).

I have gone ahead to even refer other online freelancers to use Payoneer.

Pros

First to mention is the fact that by successful signup with Payoneer, I automatically have accounts with 3 different foreign banks with their currencies and could apply to get 2 more, it comes with a real bank account details, it's so unique to Payoneer (as far as I know), and once I receive payments to these accounts, it shows in my Payoneer balance. Wow!!!, so bae.
Another thing is my ability to withdraw straight to my bank account, especially here in Nigeria where Paypal has some restrictions. Nothing serves better.
Another unique feature from Payoneer is the option to request for a Payoneer Master Card which can be used ANYWHERE!!!.
Not to forget their easily navigateable website interface.

Cons

First to note off their excessive charges, if u don't use your account within 12-months you also get charged, absurd, they should review their charges. I also wish they initiated a 'get paid via email' kind of system, like Paypal, emails are easier to remember than the special customer IDs.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Verified Reviewer
Industry: Computer Software
Company size: Self Employed

Worst Support Team Ever. Their Partner company has been involved in a $1.2 Billion Fraud

Used Daily for 2+ years
Reviewed on 2020/06/28
Review Source: Capterra

It has been a nightmare being their customer and once I get my funds back, never visiting their website ever again. WORST EXPERIENCE EVER!

Pros

The only good thing about this platform is that it enables me to receive funds from other users and companies.

Cons

They have the worst support team to ever exist. With urgent matters involving money, they take over 2 business days to get back to you which is unacceptable. Their Partner company has been involved in a $1.2 Billion fraud which led to Payoneer's customer funds being frozen by authorities. I have funds in my account but I can't withdraw them which is completely stupid. Now that in this time support should have been proactive, these guys are nowhere to be found. They never told the customers that our funds were being held by third-party companies but now after the scandal, the funds have been frozen leaving the customers helpless.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 0.0/10

Nkeiruka O.
Industry: Hospital & Health Care
Company size: 201-500 Employees

SUITABLE PAYMENT PLATFORM

Used Other for 1+ year
Reviewed on 2020/08/14
Review Source: Capterra

Swift payment of International Service and Products Providers. Easy receipt of payments from our International Clients and Customers.

Pros

It provides various types of payment method including mass payouts which makes it easy for one to use this software to make mass payments. With this software, it has made it easier for us to pay our International Service and Products providers.

Cons

Payoneer can be a little bit technical for beginners.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Elvis U.
Industry: Insurance
Company size: 501-1 000 Employees

My experience using Payoneer

Used Other for 2+ years
Reviewed on 2019/12/23
Review Source: Capterra

I use payoneer to receive payments for my freelance gigs.

Pros

Payoneer is just wonderful for receiving payments regardless of your location, it's just perfect for freelancers. The layout is wonderful for easy navigation. I like the fact that a debit card is created for a new user the moment he signs up and that card will be delivered free of charge to the user's location, isn't that awesome? Also, the annual 30 dollars maintenance charge is pretty decent compared to the value and comfort they offer.

Cons

So far so good I haven't seen a feature I don't like on payoneer. If I find one I won't hesitate to share.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
8,6/10
Based on 121 user ratings
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Payoneer Pricing

Payoneer Pricing

Starting from
N/A
Free Trial
Value for money
Value for Money
4,2/5
Based on 121 user ratings
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Payoneer Features

Payoneer Features

API
Accounting Integration
Accounting Management
Activity Dashboard
Audit Trail
Automatic Notifications
Billing & Invoicing
Compliance Management
Customizable Reporting
Data Import/Export
Electronic Payments
Expense Tracking
Financial Analysis
Invoice Management
Invoice Processing
Multi-Currency
Real Time Data
Reporting & Statistics
Third Party Integration
Workflow Management
Features
4,3/5
Based on 121 user ratings
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Categories

Additional information for Payoneer

Additional information for Payoneer

Key features of Payoneer

  • API support
  • Amazon disbursements
  • Direct bank transfers
  • Full transaction history
  • Global and local e-wallets
  • International payments
  • Mass payouts
  • Multilingual customer support
  • Over 150 currencies
  • Over 200 countries
  • Payment history
  • Payment requests
  • Prepaid MasterCards
  • Third party payments

Benefits

Users can request and receive payments both from other Payoneer users and from third parties who don’t have Payoneer accounts

Payoneer has multiple payout solutions, including prepaid debit cards, global bank transfers, local and global e-wallets, and checks

Users can view their account’s complete transaction history, across customizable date ranges, including information such as transaction description, amount, foreign currency amount, applicable fees, and authorization number

Users can decide whether the payer or the recipient pays the transaction fees

Payoneer FAQs

Payoneer FAQs

Below are some frequently asked questions for Payoneer.

Q. What type of pricing plans does Payoneer offer?

Payoneer offers the following pricing plans:

Free Trial: Not Available

Q. What are the main features of Payoneer?

Payoneer offers the following features:

  • API support
  • Amazon disbursements
  • Direct bank transfers
  • Full transaction history
  • Global and local e-wallets
  • International payments
  • Mass payouts
  • Multilingual customer support
  • Over 150 currencies
  • Over 200 countries
  • Payment history
  • Payment requests
  • Prepaid MasterCards
  • Third party payments

Q. Who are the typical users of Payoneer?

Payoneer has the following typical customers:

Small Business, Large Enterprises, Freelancers, Mid Size Business

Q. What languages does Payoneer support?

Payoneer supports the following languages:

Arabic, Chinese (Simplified), Danish, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Turkish

Q. What type of pricing plans does Payoneer offer?

We do not have any information about what Payoneer pricing plans

Q. Does Payoneer support mobile devices?

Payoneer supports the following devices:

Android, iPhone

Q. What other apps does Payoneer integrate with?

Payoneer integrates with the following applications:

Avaza, ChannelAdvisor, Freightos, Hubstaff, MarketPowerPRO, Xero, Xero

Q. What level of support does Payoneer offer?

Payoneer offers the following support options:

Video Tutorials, Forum, FAQs