Payoneer

(5)
4.1 out of 5 stars

Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform.

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Payoneer review by <span>Federico J.</span>
Federico J.
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Withdraw your money anywhere in the world

What do you like best?

They send you a prepaid Mastercard card to your house, for free. You can use it to make payments and withdraw money, as long as you have the funds in your account.

I've been using Payoneer for years now where PayPal had no coverage. I mean, I could always use PayPal but I couldn't withdraw my money where I live. That's when Payoneer saved me. Payoneer allows you to withdraw your money from almost any ATM in the world.

Since then, they've added more integrations and services and now I can even withdraw money to my bank account, which makes things a lot easier.

The way to request payments from clients is super simple and makes it easy for people to pay you (you don't want to add friction to that step!)

Their fees are lower than PayPal's!

What do you dislike?

The exchange rate is abismal. If you can't withdraw your money in the same currency as you got paid, you are going to lose a few dollars in the process.

The daily limits and transaction limits for each ATM withdrawal are a pain in the ass. You have to plan how much money you need in advance and then go to the ATM in different days to get all of your money.

They charge you $1 for each ATM transaction that goes wrong. WTF?!

Recommendations to others considering the product

Find out if you can link to a bank account in your country. If you can do this, that's the best way to withdraw your money.

What business problems are you solving with the product? What benefits have you realized?

Getting paid by global clients. Nice and easy. Almost no friction. The worst part of the process is people not trusting Payoneer (because it's not PayPal). You'll have to educate a few clients to trust the service and use it.

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Payoneer review by <span>Maurice K.</span>
Maurice K.
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One of the best online financial software in this globalized world

What do you like best?

I live in South Africa and it is sometimes very difficult to receive payments from international clients. Payoneer makes it easy and direct to receive payments from companies, from Amazon (for my ebooks sales). The payment process is extremely fast and the transfer from Payoneer to a local bank account only takes up to 48 hours. Payoneer offers a card that can be used to withdraw money at ATMs, or to make payments online in stores. Even better, the card can be linked on a Paypal account. Extremely practical.

What do you dislike?

One the downside, I dislike the following:

* the minimum amount To transfer money from a Payoneer account to a local linked bank account is USD 50.

*There are too many restrictions on the European currencies transfers

Recommendations to others considering the product

If you need an online transfer portal for fast and easy payments and purchases then use Payoneer. However it does have some limitations but it could be recommended as an additional payment portal along Paypal.

What business problems are you solving with the product? What benefits have you realized?

I used Payoneer to receive money from my Amazon sales and from my consulting clients based outside South Africa.

When it comes to benefits, I have managed to access my ebooks sales and to create a payment portal for international clients thus processing my operations in a faster pace.

What Other Finance & Admin. solution do you use?

Thanks for letting us know!
Payoneer review by <span>Kayla E.</span>
Kayla E.
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Could be the next best thing after Paypal....

What do you like best?

How easy it is to get set up and begin using as quickly as you may need it. I really like how similar it is to Paypal. Though i believe the two pretty much go hand in hand with each other and, Payoneer might just be the next best thing to paypal!

What do you dislike?

The review process on applying for their master-card, its not a instant approval as paypal is. If your new to using these type pf accounts then the set up and understand on how things work might be a little more difficult for you than it would be if you've used this type of system before.

Recommendations to others considering the product

Be sure to always know all of your options before you jump into using a certain system over another one. Each one is different in its own way, as well as they could offer more or less than the other. Do your research!

What business problems are you solving with the product? What benefits have you realized?

The ease of creating a business account , has allowed others to do so if/when needed.

Payoneer review by <span>Serhat U.</span>
Serhat U.
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Fastest tool to get payments

What do you like best?

It's super fast if you have a client who needs you to pay you. Just set up an account and verify a few details, your payment request link is ready. Payouts are also better and faster than its alternatives.

What do you dislike?

No notifications sent when your clients made the payment by using their credit cards. It's a vital thing so you need to refresh the payments page regularly whether it's been paid or not by your client.

Also, as an online payment gateway, it lacks integrations with popular CMS such as Wordpress in my case. You have to find indirect ways to resolve this problem.

Recommendations to others considering the product

If you have a much transactional business, find another one. If you take less than 10 payments per day, you can handle them with Payoneer easily. I've been satisfied with it providing robust payment alternative though.

What business problems are you solving with the product? What benefits have you realized?

Accepting payments (both ACH and credit cards) worldwide.

Being it easy to sign up and verify your account was beneficiary to me.

Payoneer review by <span>Jill A.</span>
Jill A.
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Reviewed On

Great Resource for Independent Contractors

What do you like best?

I like how secure Paynoneer is. Payoneer allows me to get paid from companies I contract within one place. It helps me to keep track of my income. I can take my income and directly have it deposited into my bank account. This helps me save time and helps me to not make banking errors. I also like Payoneer because there are no costs for the user or very minimal. The customer service is also available at all times. If you have a question or concern, you can always get support.

What do you dislike?

I haven't found anything yet. I think maybe a mobile app would be helpful.

Recommendations to others considering the product

This is a very helpful tool that allows me to be a successful Independent Contractor.

What business problems are you solving with the product? What benefits have you realized?

I benefit from Payoneer because I can get paid by many companies I contract for in one secure place. It helps me to keep up with my income more efficiently.

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