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Payoneer Review

Payoneer
Our score: 9.0 User satisfaction: 99%

What is Payoneer?

Payoneer is an innovative cross-border payment platform that enables businesses, professionals, and entrepreneurs to connect through global commerce. The service has mass payout services that allow companies to pay their employees or partners with one click, wherever they are in the world.

With Payoneer, users can expect swift, accommodating, secure, and economical fees for top-notch services. This way, freelance workers and small businesses can pay and get paid while maintaining a good margin of profit.

Payoneer also supports multiple currencies and offers costless transactions for a few chosen currencies. On top of that, the platform provides all-around support to users in over 35 languages.

Overview of Payoneer Benefits

Global Payment Service

Payoneer enables users to accept and send funds as if they were managing their bank accounts. This means that businesses and professionals are likely to increase their earnings by reducing the cost of their payment fees.

Additionally, Payoneer lets customers accept payments in more than five currencies, including Chinese yuan, Australian dollar, and Japanese yen. This way, users do not have to pay additional fees to accept payments in their preferred currency.

Quick & Easy Billing

Commercial entities and professionals need to offer their customers a fast and easy way to receive their billing statements. That is why Payoneer enables them to send compensation requests through the platform and lets customers make the payments using whichever method they prefer.

Integrated Partners

Payoneer connects with numerous companies and networks from all over the world to make it seamless for them to send funds to their employees and affiliates. Payments done by these partners are automatically credited to a Payoneer user’s account. Thereon, they could choose whether to withdraw their funds through ATMs or send them to their bank account.

Connected Platforms

Businesses do not need to lead their clients and users to another website for them to receive their payments. With Payoneer, they can do this right within their own platform by integrating the service. They can do this through API integration that lets them leverage the powerful and secure cross-border payment solution.

Multilingual Support

With Payoneer, users can look forward to support offered in their own language or in a language that is more familiar with them. The platform’s support team is on hand 24/7 to assist users with their issues and to answer their queries in a language the customer chooses.

Overview of Payoneer Features

  • Single Payout
  • Mass Payouts
  • Receive Payments
  • Funds Withdrawal
  • Multi-Currency Support
  • Integrated Payments
  • Escrow Payments
  • Partner Network

Payoneer Position In Our Categories

Because companies have distinctive business requirements, it is reasonable they avoid choosing a one-size-fits-all, “perfect” business program. Needless to say, it would be difficult to discover such a software solution even among branded software systems. The sensible step to undertake can be to take note of the several major aspects that need consideration such as major features, costing, skill capability of staff members, organizational size, etc. Thereafter, you must do the product research to a full extent. Have a look at some of these Payoneer review articles and scrutinize the other solutions in your list more closely. Such detailed product investigation ensure you circumvent unfit applications and pay for the one that has all the features your company requires in growing the business.

Position of Payoneer in our main categories:

TOP 10

Payoneer is one of the top 10 Payment Gateway products

If you are interested in Payoneer it may also be a good idea to investigate other subcategories of Payment Gateway collected in our database of SaaS software reviews.

Each organization has different needs and requires a software that can be customized for their size, kind of staff members and customers, and the particular industry they are in. For these reasons, no system can proffer perfect tools out-of-the-box. When you look for a software app, first be sure what you require it for. Read some Payoneer Payment Gateway reviews and ask yourself do you desire basic tools or do you need complex features? Are there any industry-specific tools that you are seeking? Get the answers to these queries to help your search. There are lots of aspects that you need to consider and these include your budget, particular business requirements, your organization size, integration requirements etc. Take your time, use a few free trials, and finally zero in on the system that provides all that you require to enhance your firm efficiency and productivity.

How Much Does Payoneer Cost?

Payoneer Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

For the Global Payment Service, 1% of the total will be exacted for USD transactions. Billing Service transactions, meanwhile, require a payment of 3% for credit cards and 1% for USD eChecks. Funds receipt from marketplaces and networks depend on the paying entity although banks may charge additional fees. Contact the vendor for more enterprise pricing information.

User Satisfaction

Positive Social Media Mentions 240
Negative Social Media Mentions 1

We realize that when you make a decision to buy Payment Gateway it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Payoneer reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Payoneer. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Video

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Mac
  • Web-based

Deployment

  • Cloud Hosted
  • Open API

Language Support

  • English
  • Dutch
  • Polish
  • Turkish
  • Swedish

Pricing Model

  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business
  • Freelancers

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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Payoneer Comparisons

Payoneer user reviews

I can now receive payments from clients with ease.

Read full review >
Nicklaus
5/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 19.11.2019 Company Size: More than 100 Employees Industry: Others

Getting approval is fast.

Read full review >
Cruz
4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

3/5

Ease of Use

Published on: 02.11.2019 Company Size: More than 100 Employees Industry: N/A

Payment is smoother.

Read full review >
Josiane
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 01.11.2019 Company Size: 1-10 Employees Industry: N/A

Great international support!

Read full review >
Janae
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 23.10.2019 Company Size: More than 100 Employees Industry: Information Technology and Services

Payoneer secures our company

Read full review >
Amira
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

3/5

Ease of Use

Published on: 17.10.2019 Company Size: More than 100 Employees Industry: Computer Networking

What are Payoneer pricing details?

Payoneer Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

For the Global Payment Service, 1% of the total will be exacted for USD transactions. Billing Service transactions, meanwhile, require a payment of 3% for credit cards and 1% for USD eChecks. Funds receipt from marketplaces and networks depend on the paying entity although banks may charge additional fees. Contact the vendor for more enterprise pricing information.

What integrations are available for Payoneer?

Payoneer’s API enables businesses and professionals from all over the world to pay and get paid within their platform.

Payoneer average rating:

Average score
4.5/5 (12 user reviews)
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Write your own review of this product

ADD A REVIEW

The most favorable review

Eulalia

PROS: I think that Payoneer has exceeded all other payment portals in terms of convenience and performance. For one, it issues a Mastercard for its users. I’ve been able to use the said card to withdraw from ATMs and carry out my online transactions through it. Not only that, but Payoneer has also taken the extra step of enrolling card owners in banks of countries that we often do our business in. This alone, along with its other perks, that has solidified my decision to switch from Paypal to Payoneer. There’s a referral bonus of $25 too for every user that you bring in. Talk about a good engagement strategy! These, along with its usability, makes Payoneer such a good match to what I need.

CONS: I like to regularly withdraw all of my money from this account—flushing out all the extra dollars as I go. Why? Because Payoneer has a sneaky way of taking your last few dollars and it is disguised as an “inactivity fee.”

Reviewed 8 months ago

Read full review >

The least favorable review

Horacio

PROS: Payoneer is a top contender for the title of the best online payment solution. I can say this because they provide security for me during my transactions since purchasing and paying for goods online is not guaranteed to be safe all the time. Plus, with Payoneer, I can rest assured that my credit card information is protected, as the application applies encryption measures during every transaction. What's more, signing up with Payoneer is a fast and easy process. Even ordering my physical Payoneer card was a quick procedure! I received it quickly at my doorstep and now I am using it for both online and offline transactions.

CONS: Payoneer should consider lowering their transaction rates for ATM withdrawals. They should also look into halting their charges for wrong operations as well as removing the transaction limit per month.

Reviewed 8 months ago

Read full review >

More reviews from 12 actual users:

Sort by:

Latest
  • Latest
  • Most useful
  • Most positive
  • Most negative

I can now receive payments from clients with ease.

Read full review >
Nicklaus
5/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 19.11.2019 Company Size: More than 100 Employees Industry: Others

PROS: I really like that Payoneer issues physical cards for a minimum deposit of $30. I find this really cheap and convenient because I no longer need to carry out cash transactions. All I have to do is to whip out this card and buy the items that I need. I use this mostly when I travel because it auto-converts the currency too. As for the platform itself, the layout is really simple and easy to navigate. It keeps an impressive memory of all your previous transactions too.

CONS: There are some clients of mine that prefer to transact in their local currency. I would prefer to receive payments in dollars and the conversion can be a hassle.

What do you think about this review? Great Poor

Getting approval is fast.

Read full review >
Cruz
4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

3/5

Ease of Use

Published on: 02.11.2019 Company Size: More than 100 Employees Industry: N/A

PROS: Getting approved is easy. Just present your valid IDs and state your business, your account is up and running in a week or so. You can start selling to the world, literally, as Payoneer is quite known in most countries. I have clients in Europe, South America, Australia, and Asia. It helps me to expand my client base significantly. I also don't have to worry about security. Transactions are heavily encrypted and the provider gives a lot of tips on how to protect your account from hacks.

CONS: The debit card rate is prohibitive, although I understand this is care of the holding bank. Conversion rate is also below the market, again, I believe this is how the provider earns the bucks of your earnings. Sometimes, I can't help but think Payoneer may be holding my cash a few hours longer than normal just to, I don't know, earn some more moolah from interest? It's a thought that I'm sure crosses other users' mind.

What do you think about this review? Great Poor

Payment is smoother.

Read full review >
Josiane
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 01.11.2019 Company Size: 1-10 Employees Industry: N/A

PROS: It makes it easy to get paid wherever my clients are. The terms are transparent, including the conversion rate, which allows me to estimate accurately how much I'm getting. The option to link Payoneer to my debit card is also a convenient way to transfer money, although this will entail you with additional cost from the bank. Overall, the platform allows me to reach international markets even as they have varying degrees of regulations and requirements.

CONS: There's a lot of verification processes to go through. Honestly, it's tougher than with PayPal. It took me awhile to get approval. I'm quite worried--what if some of my customers are denied of their accounts? That presents a recurring issue, so I have other payment channels open as a contingency. So long as you're able to get over with the ID verification process, everything runs smoothly.

What do you think about this review? Great Poor

Great international support!

Read full review >
Janae
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 23.10.2019 Company Size: More than 100 Employees Industry: Information Technology and Services

PROS: I receive payments from clients all over the globe regularly. With other payment platforms, fees for this type of transaction would be so steep. But with Payoneer, I and my clients don’t have to pay for anything. We only have to do a once-a-year maintenance payment, and our transactions will no longer be billed, be it international or local ones. The layout is very simple and easy to navigate through as well. The rare times that I did have questions, I would look to the forums for advice and the community there would always be willing to help. It’s really convenient for them to roll out a physical card that I can use for withdrawals in case I get short on cash too.

CONS: I do try to limit cash withdrawals through my Payoneer card as the rates can be a little steep. I also ran into a little trouble one time because they dispensed a different currency than what I had applied for. They have managed to remedy the situation, but I think I’ll be staying away from Payoneer’s card transactions from now on.

What do you think about this review? Great Poor

Payoneer secures our company

Read full review >
Amira
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

3/5

Ease of Use

Published on: 17.10.2019 Company Size: More than 100 Employees Industry: Computer Networking

PROS: Payoneer is a boon to our company because it lets us process payments securely. Because of it, we do not have to worry about data breaches and leaks. It is also an excellent payment platform because it enables me to withdraw my money from any ATM around the world. And since Payoneer has been in the industry for many years, I can trust them in being fair with their currency exchange rates. As such, I would recommend that businesses should sign up with Payoneer to have another payment processing platform.

CONS: Though Payoneer is a well-known and large company, its commission rates remain high. On top of that, they limit the amount of money you can process each month.

What do you think about this review? Great Poor

Forex is simple and transparent.

Read full review >
Mayra
5/5

Overall impression

4/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 09.10.2019 Company Size: More than 100 Employees Industry: N/A

PROS: What I like about Payoneer is it makes forex conversion easy. There's no need for a third-party exchange house, so the process is fast and transparent. Security is also top-notch. I don't have to worry about wrong transfers, inaccurate conversions, etc. The provider seems to be on top of such issues. They're also responsive to problems. During the time I couldn't figure out which payment request option to use, I asked for help through email and got a response within 24 hours. With this level of support, I'm more confident with my payment process anywhere in the world.

CONS: It does take a while to figure out the numerous payment paths in Payoneer. They have a lot of tutorials and you can ask them questions and get a reply, but this takes some time. Be prepared to crunch some numbers and read a lot to understand how this payment processor works.

What do you think about this review? Great Poor

I like the debit card option.

Read full review >
Albina
5/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 07.10.2019 Company Size: More than 100 Employees Industry: N/A

PROS: I'm a freelancer, so having something like Payoneer allows me to sell my services to foreign clients. What's more, it has a debit card, which means I can use the remitted money at once without having to wait for a bank transfer, which can take days. It simplifies my income stream. Since many companies in the U.S. use Payoneer, I find the setup favorable to me.

CONS: If you do a bank transfer, it takse longer than usual. Payoneer will take 1-2 days just to remit your payment to your account, even before you can make a bank transfer. This process adds up to around 4 days before I can get my hands on actual cash.

What do you think about this review? Great Poor

The list of benefits could go on and on. . .

Read full review >
Shanny
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Published on: 02.10.2019 Company Size: 1-10 Employees Industry: Computer Software

PROS: There is a long list of things that I absolutely love about Payoneer. For one, money transfers are carried out swiftly and on-time. In fact, I’ve seen payments reflected on my accounts in as fast as two hours! I don’t have to register a bank account with Payoneer as well—a convenience that I particularly appreciate. The physical card itself is a great travel buddy too. I can use it anywhere in the world at a minimal (if not negligible) fee. This is a breath of fresh air from other platforms such as PayPal that would cost me an arm and a leg just from their extra fees alone. All these benefits are packaged in with a really helpful support team behind its operations. Kudos to the team for quickly fixing whatever issue I come across with.

CONS: While it is true that withdrawal fees with the Payoneer Mastercard are cheaper than other platforms, one would still be better off taking their transactions elsewhere. The prices can still be a little steep with Payoneer after all.

What do you think about this review? Great Poor

Better than PayPal

Read full review >
Eulalia
5/5

Overall impression

4/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 28.09.2019 Company Size: 1-10 Employees Industry: Internet

PROS: I think that Payoneer has exceeded all other payment portals in terms of convenience and performance. For one, it issues a Mastercard for its users. I’ve been able to use the said card to withdraw from ATMs and carry out my online transactions through it. Not only that, but Payoneer has also taken the extra step of enrolling card owners in banks of countries that we often do our business in. This alone, along with its other perks, that has solidified my decision to switch from Paypal to Payoneer. There’s a referral bonus of $25 too for every user that you bring in. Talk about a good engagement strategy! These, along with its usability, makes Payoneer such a good match to what I need.

CONS: I like to regularly withdraw all of my money from this account—flushing out all the extra dollars as I go. Why? Because Payoneer has a sneaky way of taking your last few dollars and it is disguised as an “inactivity fee.”

What do you think about this review? Great Poor

Payoneer is a leading online payment platform

Read full review >
Horacio
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

3/5

Ease of Use

Published on: 19.09.2019 Company Size: More than 100 Employees Industry: Consumer Services

PROS: Payoneer is a top contender for the title of the best online payment solution. I can say this because they provide security for me during my transactions since purchasing and paying for goods online is not guaranteed to be safe all the time. Plus, with Payoneer, I can rest assured that my credit card information is protected, as the application applies encryption measures during every transaction. What's more, signing up with Payoneer is a fast and easy process. Even ordering my physical Payoneer card was a quick procedure! I received it quickly at my doorstep and now I am using it for both online and offline transactions.

CONS: Payoneer should consider lowering their transaction rates for ATM withdrawals. They should also look into halting their charges for wrong operations as well as removing the transaction limit per month.

What do you think about this review? Great Poor

Payoneer is a top-notch digital payments solution

Read full review >
Tanner
4/5

Overall impression

3/5

Customer Support

3/5

Value for Money

4/5

Ease of Use

Published on: 15.09.2019 Company Size: More than 100 Employees Industry: Consumer Services

PROS: The best thing about Payoneer is the fast processing of payments. Aside from that, I enjoy being able to receive payments from clients wherever they are, allowing me to take my talent to a global level. What's more, using Payoneer is a seamless experience because of its user-friendly interface.

CONS: The Payoneer ATM card transaction fee is too steep even when a transaction fails. It also has a high card maintenance rate that they should lower.

What do you think about this review? Great Poor

Payoneer gives me confidence because of its rapid payment processing and overall system stability

Read full review >
Garland
4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

3/5

Ease of Use

Published on: 13.09.2019 Company Size: More than 100 Employees Industry: Consumer Services

PROS: What I like most about Payoneer is the fact that it automatically converts the payments I receive to the currency I use mainly in my bank accounts. The fees for this isn't as high as compared to other services even. Moreover, signing up with Payoneer is a fast procedure and I got my physical card in less than a month. Requesting a card is cheap as well.

CONS: Payoneer's payment processing time is too long--it takes 3 days for a payment to reflect in my bank account. There are times when I have to wait longer. Plus, I find it inconvenient that I need to reach the 50 dollar-level before I can transfer money to my bank accounts. It is also very limiting that Payoneer restricts transactions to 15 a month, which stops me from getting more work. There is also the problem of not being able to pay for my purchases at the register because Payoneer's card transaction rate is expensive.

What do you think about this review? Great Poor
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Reviewed By Jenny Chang
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