Payoneer
About 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.
Key benefits of Payoneer
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
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Reviews
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- Industry: Telecommunications
- Company size: 2–10 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
I love the service
Reviewed on 2020/10/17
I like the mastercard, they charge very low commissions compared to competitors, they provide fast...
I like the mastercard, they charge very low commissions compared to competitors, they provide fast and worldwide customer service, and it is not necessary to use a local bank account to spend the money
Pros
I love the service, I found payoneer thanks to this website that was recommended to me [SENSITIVE CONTENT HIDDEN]
Cons
The only thing that I don't like very much is that it takes between 3 to 4 days from when the client sends their payment until it can be spent from the mastercard debit card, that is, it is not immediate transfer but compared to other applications, waiting a few days is better than paying high commissions for the service
- Industry: Internet
- Company size: 2–10 Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Ease of Use
- Likelihood to recommend 10.0 /10
The best cross-border payment solution I've used
Reviewed on 2021/05/11
Payoneer has greatly helped me in running my business smoothly. Receiving payments from clients and...
Payoneer has greatly helped me in running my business smoothly. Receiving payments from clients and platforms I work with was made easier. Withdrawing funds to my bank accounts only takes 1-2 working days. Being a customer for almost a decade now, this is a service I would recommend.
Pros
Payoneer solves a lot of payment problems for freelancers, bloggers, and professionals who deal with mostly international clients. Unlike PayPal with a lot of restrictions that sometimes make it impossible to receive payments, Payoneer is a lot more open and flexible. It's quite easy to use as well. For the awesome service you get, the rates expensive but bearable. The fact that you can have different bank accounts in different currencies is a huge plus.
Cons
The web UI could be improved to look modern. It's functional but rather depressing. Also, SMS notifications for this payment platform is long overdue but never implemented.
- Industry: Design
- Company size: 2–10 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 0.0 /10
Be Careful
Reviewed on 2023/03/18
I have been a customer of your platform for over 8 years, Yesterday I was notified that my account...
I have been a customer of your platform for over 8 years, Yesterday I was notified that my account was closed without any reason & no Information about how I can withdraw my funds. I have contacted your support & I was told to come back after 3 months, without any explanation about my funds yet! I'll NOT wait 3 months, all the funds are transferred from my OWN Wise & Paypal Accounts, I'm not sure if you are waiting for me to open a dispute on myself?This is unacceptable & unprofessional, and you are not allowed to keep my money. Those are my life savings! it's what I use to pay for living expenses! I have worked hard to earn every penny & you hold everything.You are putting me at risk & causing serious damages to my life & my family that depends on me! I'll not let this slip through without any consequences. I need to access my funds as soon as possible otherwise I'll have to follow the Legal procedure and file a lawsuit and ask for damages, Including every hardship that im experiencing now[sensitive content hidden]
Pros
Payoneer has been good around 2017-2020 but now they utterly scammers.
Cons
Be careful, AVOID IT or you'll lose your life savings in a heartbeat. Customer Service is the worst i have seen.
- Industry: Online Media
- Company size: 2–10 Employees
- Used Weekly for 1+ year
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Review Source
Overall rating
- Ease of Use
- Likelihood to recommend 8.0 /10
Great way to get paid internationally
Reviewed on 2024/07/29
Generally very satisfied with the service.
Generally very satisfied with the service.
Pros
There are no payment fees if both you and your client are on Payoneer. Also, you can get debit cards in three currencies, so you can access your funds directly, without the need for wiring them to your local bank account.
Cons
I didn’t like that the mobile app is limited compared to the web version.
- Industry: Translation & Localization
- Company size: Self Employed
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 7.0 /10
Lacking flexibility and functions
Reviewed on 2021/01/12
I am using Payoneer on a daily basis. It is secure and got faster over the years.
I am using Payoneer on a daily basis. It is secure and got faster over the years.
Pros
It is easy to set up and you may set up multiple currencies at once to receive payments on local bank accounts without any incoming payment fee.
Cons
You can't transfer money to bank accounts. You can only pay by the Payoneer debit card (one per currency) or pay directly to a Payoneer account via email. You can't shift money to one currency to another. Sending money is more expensive than other solutions.
Alternatives Considered
PayPalReasons for Switching to Payoneer
It is cheaper than the above solutions and offers you bank accounts as well.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: Available
Contact Payoneer for pricing details.
Q. Who are the typical users of Payoneer?
Payoneer has the following typical customers:
Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Payoneer support?
Payoneer supports the following languages:
Arabic, Chinese, Danish, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Turkish
Q. Does Payoneer support mobile devices?
Payoneer supports the following devices:
Q. What other apps does Payoneer integrate with?
Payoneer integrates with the following applications:
Xero
Q. What level of support does Payoneer offer?
Payoneer offers the following support options:
FAQs/Forum
Related categories
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