Payoneer vs PayPal: Which One Fits Best For Your Business?

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payoneer vs paypal

Last Updated: April 2024

Considering global expansion for your business? It’s crucial to choose the right payment gateway. Enter: Payoneer vs. PayPal. As you navigate this decision, let’s delve into a comparison that could reshape your international transactions.

In early 2023, 56% of surveyed professionals revealed that over half of retail and manufacturing companies engaged in cross-border e-commerce sales. Additionally, 8% had intentions to conduct online sales and international shipping within the next year.

Now, discover which of these two giants, Payoneer or PayPal aligns seamlessly with your business goals.

Payoneer vs PayPal – Quick Comparison

Receiving FundsFree from Payoneer customersVariable processing fees
 Free in specified currencies
 1% ACH bank debit fee
 3% credit card fee
 Varies for marketplace networks
Sending FundsFree to Payoneer accountsVaries for different transaction types
 $1.50 for same-country local currency payments
 1% ACH debit payment fee
 1% local bank transfer fee
 Up to 2% for non-Payoneer transfers
 2% for batch payments
 3% credit card fee
Withdrawing Funds$1.50 for same-currency local bank withdrawalVaries based on currency conversion and location
 Up to 2% currency conversion fee
Other0.5% for Payoneer balance transfer$29.95 inactivity fee
 $29.95 inactivity fee
Mobile AppYesYes
Prepaid MastercardYesYes
VAT PaymentYesYes
Payment ProcessingVariable processing fees
Software FeesPayPal Payments Pro: $30 per month
 Payflow Payment Gateway fees vary
Hardware FeesHardware prices vary

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Payoneer vs PayPal – Detailed Overview

Now, it’s time to delve into a thorough feature comparison between Payoneer and PayPal.

Customer Payments Handling (Final Winner: Both, Payoneer – ⭐4.5/5, Paypal – ⭐4.5/5)

Payoneer: With Payoneer, handling customer payments is straightforward. You receive payments in your Payoneer account and can transfer them to your business bank account or use ATMs for cash withdrawals. Your customers can pay via credit cards, ACH direct deposits, or their own Payoneer accounts if they’re also Payoneer users.

PayPal: PayPal makes handling customer payments a breeze. Customers using PayPal Zettle have various options, including PayPal and PayPal Credit accounts, credit/debit cards, and even Venmo for payments. It’s all about giving your customers flexibility in how they pay.

Winner: Both

User Reviews

we can receive our funds in the bank of our preference that so once we can withdraw from ATMs counting with the debit card payoneer and we can use it from anywhere in the world.” – Serena E, enterprise.

PayPal has an amazing array of payment choices that just always seem to fit the bill perfectly. I mean, I can tap into my PayPal balance, connect it to my bank account, make payments.” – Kate S, small business.

Withdrawal and Transfers (Final Winner: Paypal – ⭐4.9/5)

Payoneer: When it comes to withdrawing and transferring funds, Payoneer offers you control. You can move money from your Payoneer account to your business bank or withdraw it from ATMs. It’s your choice for flexible access to your earnings.

PayPal: Using PayPal, handling your finances becomes convenient. You can effortlessly transfer funds from PayPal to your bank account or withdraw cash from ATMs, ensuring easy access to your funds.

Winner: PayPal

User Review

It aslo easy to link Paypal to your bank account for easier withdrawal of your funds.” – Shay M, mid-market.

Online and In-Store Purchases (Final Winner: Paypal – ⭐4.1/5)

Payoneer: Payoneer empowers you for both online and in-store purchases, allowing you to seamlessly shop using your available funds, whether it’s online or at local stores.

PayPal: Utilize options like PayPal Zettle to pay via your PayPal or PayPal Credit accounts, credit/debit cards, and even Venmo, providing you with versatile shopping avenues.

Winner: PayPal

User Reviews

PayPal makes online purchases effortless – being compatible with most online stores for payment.” – Callum B, small business.

PayPal is every where and you can use the POS system to get paid at store with PayPal and has helped us to grow more revenue” – Nantabo J, mid-market.

Payment Methods (Final Winner: Both, Payoneer – ⭐4.5/5, Paypal – ⭐4.5/5)

Payoneer: Consider payment methods with Payoneer, which offers flexibility. Customers can pay using credit cards, ACH direct deposits, or their Payoneer accounts if they use the platform.

PayPal: Customers using PayPal Zettle can choose from options like PayPal or PayPal Credit accounts, credit/debit cards, and Venmo for seamless payments.

Winner: Both

User Reviews

I’ll advice e everyone looking for the easiest and cheapest payment methods to give payoneer a chance, they provide the best services.” – Emmanuel J, small business.

Customers have the option of choosing between different payment methods, including debit, credit card, or payment through balance.” – user, small business.

Business Payments (Final Winner: Paypal – ⭐4.7/5)

Payoneer: Pay contractors, employees, suppliers, and partners seamlessly using various methods like ACH bank debit, credit cards, or local bank transfers, tailored to your projects’ needs.

payoneer vs paypal

PayPal: Streamlining business payments is effortless with PayPal. Utilize PayPal Payouts for simultaneous mass payments across different currencies, or leverage PayPal Checkout’s Smart Buttons for swift online transactions. It’s about optimizing your business operations.

PayPal - payoneer vs paypal

Winner: PayPal

User Review

PayPal is an excellent platform for anyone looking to integrate payment services into their website or business.” – Jeremy N, small business.

Mobile App (Final Winner: Both, Payoneer – ⭐4.6/5, Paypal – ⭐4.7/5)

Payoneer: Stay connected on the go with Payoneer’s mobile app. Manage your transactions, check your balance, and access your funds anytime, anywhere with ease.

PayPal: Manage your finances on the move with PayPal’s mobile app. Whether it’s checking your balance, making payments, or tracking transactions, the app keeps you in control, ensuring convenience at your fingertips.

Winner: Both

User Reviews

It has a mobile app where it is easier to keep track of accounts and withdraw money from wherever you are.” – Vicky Y, mid-market.

The Paypal mobile app enhances user experience that allows on the go transactions from anywhere using smartphones.” – Juliet J, small business.

Prepaid Mastercard (Final Winner: Payoneer – ⭐4/5)

Payoneer: With Payoneer, you can get a prepaid Mastercard for added flexibility. Use it to access your funds and make purchases online or in-store, giving you convenient control over your finances.

PayPal: PayPal offers a prepaid Mastercard too. This card allows you to access your PayPal funds and make purchases wherever Mastercard is accepted, giving you an additional way to manage your money.

Winner: Payoneer

User Review

The best thing about Payoneer that I like is it provides a prepaid master card.” – Bipin B, small business.

VAT Payment (Final Winner: Paypal – ⭐5/5)

Payoneer: Simplify VAT payments with Payoneer’s support. Easily manage EU and UK VAT payments, ensuring smooth financial transactions and compliance.

PayPal: Handle VAT payments effortlessly, with PayPal. Whether it’s EU or UK VAT, PayPal helps you manage and pay these taxes seamlessly, streamlining your financial responsibilities.

Winner: PayPal

User Review

With FastSpring’s (my e-commerce platform) automatic language detection and VAT coverage, combined with PayPal’s support of all worldwide currencies, I never have to turn any customer down.” – Daryl W, small business.

Payoneer vs. PayPal – Pricing Comparison

Payoneer Pricing

Receiving Funds
    • Free: Free for transfers from another Payoneer customer. Also, for receiving accounts in USD, EUR, GBP, JPY, CAD, AUD, and MXN.
    • Fees: 1% fee for ACH bank debits. 3% fee for credit card payments. Variable fees apply when receiving payments from marketplace networks like Upwork or Airbnb.
Sending Funds
    • Free: Free for transfers to another Payoneer account.
    • Fees: $1.50 fee for payments in USD, EUR, or GBP to the same-country account with the local currency. 1% fee for ACH debit payments. 1% fee for local bank transfers.

Up to 2% fee for transfers to non-Payoneer accounts. 2% fee for batch payments to up to 200 bank accounts. 3% fee for credit card payments.

Withdrawing Funds
    • For the Same Currency: $1.50 fee for withdrawing to a local bank account in the same currency.
    • Currency Conversion Charges: Up to 2% above market currency conversion rate for withdrawing to a local bank account in a different currency.
    • For Moving Funds: 0.5% fee for moving funds between Payoneer balances.
    • Inactivity Fee:- $29.95 inactivity fee for accounts with no transactions in 12 months.

PayPal Pricing

Payment Processing
    • Transaction Fees: Varies on transaction type, service used, and domestic/international transactions. 
      • QR code: 2.29% + 9 cents for in-person and QR code transactions.
      • Card: 3.49% + 9 cents for manual-entry card transactions.
      • Invoice: 2.99% + 49 cents for invoicing (payment made with card) and 3.49% + 49 cents for invoicing (payment made with PayPal).
Software Fees
    • PayPal Payments Pro: $30 per month.
    • Payflow Payment Gateway: $0 per month for Payflow Link, $25 per month for Payflow Pro (allows customizable online checkout).
Hardware Fees
    • Reader Cost: The first reader is $29; additional readers cost $79 (including USB cable).
    • Compact Store Kit: starts at $249, rising to $578 with an iPad addition.

When comparing Payoneer and PayPal pricing, consider your transaction needs, payment methods, and the type of business you run to make an informed decision.

Also, read 7 Best Hide Paypal Button Apps For Shopify

Now that we have compared Payoneer and PayPal, let’s take a look at Saufter, a powerful helpdesk tool that can help you improve your customer support.

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Get A Single View For All Support Tickets – Saufter

Introducing Saufter, where your customers come first! This platform helps your business succeed by putting customers first and providing them with easy ways to get help.

A unified ticket dashboard can help you manage your support tickets more efficiently. Along with that, Saufter also makes it easier for your teams to collaborate, be efficient, and work together by providing customizable views, real-time updates, and seamless ticket tracking.

helplama helpdesk

Key Features

    • Single-View Accessibility: Get all customer details instantly with a single scroll, enhancing quick decision-making.
    • Efficient Automation: Simplify repetitive tasks using smart automation, saving time and effort.
    • E-Commerce Enhancements: Allow customers to initiate returns, exchanges, and order edits effortlessly.
    • Continuous Order Tracking: Provide 24×7 proactive support through real-time order monitoring.
    • Tailored SaaS Assistance: Deliver self-help options for a range of SaaS interactions including login, password change, bug issues, etc.
    • Seamless Multichannel Connection: Connect seamlessly with customers across email, live chat, SMS, social media, and more.
    • Platform Integrations: Easily merge with Shopify, WooCommerce, Magento, Facebook, and more for a smooth experience.


In the world of payment gateways, both Payoneer and PayPal offer unique features to fit your business needs. Now, armed with the knowledge of their strengths, make a confident choice that aligns perfectly with your global expansion plans.

And as you embark on this journey, consider trying out Saufter—a multi-channel customer service solution for small businesses and enterprise teams, designed for cost-effectiveness and easy setup.

Don’t hesitate to start a 15-day free trial to experience how Saufter can revolutionize your customer support and take your business to new heights.

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