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Payoneer

13
31
+ 1
10
PayPal

14.1K
9.9K
+ 1
654
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PayPal vs Payoneer: What are the differences?

Developers describe PayPal as "Send Money, Pay Online or Set Up a Merchant Account". PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.. On the other hand, Payoneer is detailed as "Empowers global commerce by connecting businesses". It is a financial services company that provides online money transfer and digital payment services and working capital solutions.

PayPal and Payoneer can be categorized as "Payment Services" tools.

Some of the features offered by PayPal are:

  • 2.9% + $0.30 or less- With our flat, transparent pricing, you’ll never be surprised by hidden or variable fees. We also offer discounted rates when you sell a lot, or when you use our card reader.
  • Keeping every seller secure- If you’re sent an unauthorized payment, or a buyer claims they never received an item, our Seller Protection covers you for the full amount of the eligible payment.
  • Easy for them, easy for you- With just a few clicks, you can get paid by debit card, credit card, or a PayPal transfer. All someone needs to start buying from you is your e-mail address or mobile number.

On the other hand, Payoneer provides the following key features:

  • API support
  • International payments
  • Over 200 countries
Decisions about Payoneer and PayPal
Lucas Litton
Founder & CEO at Macombey · | 4 upvotes · 134.1K views

We use GoCardless to simplify the way clients and partners pay for our services. What intrigued us is the quick and easy ACH feature that gives our clients the option to log in with their bank account and shoot the funds directly to our account. The fee, compared to Stripe is less. Stripe and PayPal charge 2.9% + 30c and Stripe also forces the client to enter in all of their payment details manually and then if the payment doesn't work, the client has to try all over again. GoCardless charges 1% + 25c which is much more reasonable dealing with the large projects that we are currently working on.

We integrate GoCardless with Xero to easily send out quick invoices, receive the funds and track all revenue in one place.

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Pros of Payoneer
Pros of PayPal
  • 2
    Approximately in every country
  • 2
    Can use Credit Cards for payment
  • 2
    Very easy to use website
  • 2
    More options than Stripe
  • 1
    Support for India
  • 1
    Support for Pakistan
  • 194
    Most known service
  • 134
    Consumers know it
  • 111
    It's available for many countries
  • 67
    Easy
  • 54
    Best way to get paid outside US
  • 34
    Most widely used payment processor
  • 24
    Express Checkout
  • 15
    Consumers trust it
  • 14
    Flexible and secure
  • 6
    Digital Goods for Express Checkout
  • 1
    PayPal

Sign up to add or upvote prosMake informed product decisions

Cons of Payoneer
Cons of PayPal
  • 1
    UI is a bit clunky
  • 1
    If you use Credit Card, there’s a 3% fee
  • 1
    Not well written recurring payment api
  • 1
    Less countries supported
  • 1
    Harder to get started with

Sign up to add or upvote consMake informed product decisions

What is Payoneer?

It is a financial services company that provides online money transfer and digital payment services and working capital solutions

What is PayPal?

PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.

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What are some alternatives to Payoneer and PayPal?
Skrill
It is an online e-wallet and money transfer service, providing a fast, efficient and secure method of transferring funds
TransferWise
It bypasses pricey international payments entirely by using two local transfers instead of one international transaction. If you want to convert your pounds to euros, you send the money in pounds to its UK-based account.
Stripe
Stripe makes it easy for developers to accept credit cards on the web.
Xoom
It is a PayPal Service is a electronic funds transfer or remittance provider that allows consumers to send money, pay bills and reload mobile phones from the United States to 70 countries.
Braintree
Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.
See all alternatives