Top 7 Payoneer Alternatives

About Author: Hi, I’m Quinn Askeland. In 2014, I started Transumo after experiencing expensive, slow, and frustrating international money transfers and payments through banks. Once I discovered how to manage my own international currencies much better, I became driven to help others improve their transfers and payments. Fortunately, today, there are many excellent options. See My Full Bio.

Payoneer is a highly regarded solution for receiving and making payments when conducting business across international borders.

But Payoneer has some excellent alternatives.

And it is important to evaluate if it is the best fit for your specific needs.

Here is an in-depth look at the top 7 Payoneer alternatives alongside the key differences and reasons why you might choose a different service.

Whether you are a freelancer, digital marketer, e-commerce owner, or simply need to get paid in differing currencies we will uncover the best alternative for your needs.

Disclosure: This post may contain offers and affiliate links to save you money and it also helps us to keep providing the best information. For more information, see our disclosures here.

1. Payoneer Quick Take

Payoneer is one of the best payment services for freelancers, digital marketers, and e-commerce sellers. 

They’re available in 200 countries, integrate with most e-commerce platforms, and let you receive money fee-free in currencies like USD, GBP, EUR, MEX, AUD, JPY, and CNY with local receiving accounts. 

Currently, Payoneer is only available for business payments and is highly rated on most online review sites, including Trustpilot where they score 4.3/5 with 46,000+ reviews. Of these, 86% are 4-star and 5-star reviews, which is quite reassuring. 

Established2005 in the US
ClientsCross border businesses (freelancers, e-commerce, digital marketers, AirBnB)
Availability200+ countries
Transaction Currencies 120+ 
Holding CurrenciesUSD, GBP, EUR, MEX, AUD, JPY, and CNY
RegulationFinCen (the US), Central Bank of Ireland (Europe), Hong Kong Customs and Excise Department (Hong Kong), Australian Securities & Investments Commission (Australia), The Kanto Finance Bureau (Japan), Reserve Bank of India (India)
SecurityCertified at a PCI Level 1 Data Security Standard
Reviews“Excellent” – 4.3 / 5 on Trustpilot with 46,000+ reviews
FeesPayment, Receiving, Withdrawing, and Currency Exchange Fees. 
Annual Fees if the account is unused for 12+ months.
Official WebsiteVisit Payoneer or see our Payoneer Review

2. Comparison Table

Even though most payment processors and multi-currency accounts may seem similar, there are many big and small differences when you dig deeper. 

Here’s a quick snapshot of what you can expect from the seven best Payoneer alternatives, with detailed overviews below. 

Personal or Business?BusinessBothBothBothBusinessBusinessBusinessBoth
Third Party Apps-Upwork
-Song trust
-Woo Commerce
and many others
-Open API for other integrations
-Woo Commerce
-Big Commerce
-Presta Shop
-Open API for other integrations
-Leading Forex trading platforms like FBS, RubixFX, etc.
-Other platforms in gaming, health and beauty, digital marketing, etc. 
-Open Cart
and many others
Multi-currency AccountYesNoYesYesYesNoYesYes
PrePaid Debit CardYesYesYesYesNo – credit cardYesYesYes
Receive Payment optionsPayone wallet and bank account PayPal wallet and bank accountWise multi-currency wallet and bank accountBank Account and Skrill WalletBank Account or Stripe WalletPaySafe walletNeteller Wallet or Bank Account
Send Payment OptionsBank transfers, credit or debit cards, ACH transfers, and other local payment optionsBank transfer, debit or credit card, and PayPal balanceBank transfer, credit or debit card, Skrill to Skrill, ACH, Poli, Klarna,Sofort, Credit and Debit card, etc. Bank account, debit or credit card, ACH, ApplePay, Google Pay, iDeal, Sofort, Klarna, Affirm, and other local methodsCash, BACS, Skrill, Neteller,PayPal, SEPA, credit and debit cardsCredit and debit cards, and local payment options like iDeal Sofort, Klarna, etc.
FeesAccount Fees: Free; $29.95 annually if account inactive more than 12 months

Other fees applicable including: 
Sending Fees, Receiving fees, Currency Conversion fees, and Withdrawal fees. 

These depend on the location, currency, and withdrawal method. 
Account Fees: Free

International transfers: 4% margin on the exchange rate + $0.99-$4.99 service fee

Commercial transactions
-Location-specific fixed receiving fee
-Payment method fee
-Currency conversion fees
-Withdrawal fees
Account Fees: Free for personal; £45 GBP for business account in the UK; Free for most other locations

International transfers:Fixed fee of 0.35-1.5% of the amount
Cash Advance fee of 3% if funded by debit or credit card

Multi-currency account fees
0.35%-1% to exchange between currencies you hold
Fees applicable for holding money over country-specific limits. 

Card fees
Location-specific card issuing fees
ATM withdrawal fees over the limit
Account Fees: Free; $5 per year if inactive for 12 months

Currency conversion fee: 1.99%

Exchange rate mark up: 4.99%

Sending Fee: 
Receiving Fee: Free (unless currency conversion is involved)

Withdrawing Fee: $5 USD

Card fees: $10 USD per year
Pay as you go pricing – varies by location

No set up or monthly fees. 

Expect to pay for currency conversion, withdrawing, and service charges for different payment methods. 
PaySafe Payment Processing: Custom pricing for each business

PaySafe card fees:

-Account fee: 9. 90 EUR annually

-Topping up: 4%

-ATM fee: 3% (min. 3.50 EUR) 

-Foreign currency Fee:2% fee 
Fees vary by payment and withdrawal methods. 

International transfers come with a 4.99% mark up on the exchange rate
Account Fees:Free
EUR to EUR transfers:
-€0.25 EUR for business in SEPA countries
-€3 EUR for business in Kosovo and
-€1 EUR for business in Albania-Free for individuals

International SWIFT transfers: Currency conversion fees (varies) + €30 EUR

Payment processor fees:
Currency Conversion fees + €5 EUR
Fees can also vary according to currency, time of day, transfer speed, etc. 
Trustpilot Score“Excellent” – 4.3/5 on Trustpilot with 46,000+ reviews“Bad” – 1.3 / 5 on Trustpilot with  23,000+ reviews“Excellent” – 4.5/5 on Trustpilot with 181,000+ reviews“Great” – 4/5 on Trustpilot with 21,000+ reviews“Average” – 3.3 / 5 on Trustpilot with 10,000+ reviewsPaySafe payment processor
“Bad” – 1.4/5 on Trustpilot with 104 reviews

PaySafe card
“Excellent” – 4.7/5 on Trustpilot with 64,000+ reviews
“Average” – 3.3/5 on Trustpilot with 1800+ reviews“Poor” – 2.7/5 on Trustpilot with 2000+ reviews

3. Payoneer Alternatives

3.1 PayPal

PayPal is available in 200 countries, offers a robust payment gateway of their own, and integrates well with most marketplaces and e-commerce platforms. 

This makes them one of the go-to payment processors for e-commerce businesses, freelancers, and digital creators who operate internationally. 

They also offer instant PayPal to PayPal money transfers in 27 currencies.


Available in 200 countries

Integrates with almost all marketplaces

One of the most trusted and familiar services

Available for personal and business

PayPal prepaid debit card offers great rewards in the US and works globally

Custom invoicing


Expensive – High fees for payment processing, international transfers, and maintaining the debit card

Why PayPal may be better

PayPal may be a good Payoneer alternative for Amazon. PayPal is also relatively ease of use and it is obviously very trustworthy (because they’ve been around for 20+ years). Also PayPal integrates with many business account management software like Xero, Zoho, and SalesForce. 

For individuals who have a PayPal account and are happy to pay a few extra percent in fees in the short term, the convenience of PayPal might win out.

Long term, Payoneer (sign up) will most certainly be a better option in more ways than just costs.

For some small business owners setting up recurring payments from their customers reduces the need for invoicing and “payment requests”. Payoneer also supports payments from PayPal which could be a way to use the recurring payments part of PayPal and then manage the funds better through Payoneer.

You might also like our Payoneer Vs PayPal comparison.

3.2 Wise

Wise is a serious Payoneer alternative partly because it is one of the rare services that bundles robust international money transfer as well as one of the best multi-currency accounts for both individuals and businesses. This makes Wise one of the best payoneer alternatives for freelancers.

Wise (review) is available in 40+ countries and lets you send money affordably (bank-to-bank transfers) in 70+ currencies. They’re one of the few money transfer companies that offer transfers at the mid-market rate without a mark up. 

The Wise Multi-currency Account (review) lets you hold, manage, and convert between 50+ currencies and access the money you hold with a prepaid MasterCard debit card that works worldwide. 

You can also set up receiving accounts in 10+ major currencies (AUD, EUR, GBP, NZD, USD, PLN, SGD, CAD, HUF, TRY) to send and receive money like a local. This works really well for frequent travelers, digital nomads, freelancers, and growing global businesses (including e-commerce retailers).


Available for personal and business 

Affordable money transfers in 70 currencies

Multi-currency account with support for 50+ currencies

Local receiving accounts to avoid currency conversion fees

MasterCard debit card for personal and business

Integrated with accounting software like Xero


Not always the best e-commerce solution

Why Wise may be better

Wise is a great option for you if you’re looking for a money management service that is great at handling both personal and business payments as well as affordable international bank transfers. 

Wise’s multi-currency account may also be a more robust option to get paid (and avoid currency conversion fees) compared to Payoneer’s if you offer consulting or other services to global clients or travel frequently. 

However, Wise does not function as a payment gateway, which makes it a less appealing option for e-commerce businesses (but it integrates with many marketplaces to receive payments).

You might also like our Wise Vs Payoneer comparison.

3.3 Skrill

Skrill is a digital wallet and shopping cart that can be integrated with almost any e-commerce website and platform. Currently, you can sign up for Skrill in most countries (except these). 

Skrill is available for both individuals and businesses, including licensed online gambling and gaming businesses (which is rare for payment processors). 

You can send, receive, and hold 40+ currencies with Skrill. You get a prepaid debit card that can be used worldwide to access the funds you hold in your account as well. 

You can also send and receive cryptocurrency through Skrill (only in the US).


Best payment service for betting, trading, and online gaming

Available for both personal and business

Pre-paid Visa debit card

Send and receive 40+ currencies

Multi-currency account

Supports cryptocurrency


High currency conversion fees + exchange rate mark up

Limited customer service

Why Skrill may be better

Skrill may be a better option for you as a business or individual if you operate in the gaming, trading, or online gambling space. 

Most payment processors exclude these industries to protect their users from theft and financial fraud or prevent money laundering via their platform. 

Skrill has taken advantage of this gap in the market and created a regulated solution that serves the needs of people and businesses in this space, while also being legally compliant to ensure safety at all ends.

3.4 Stripe

Stripe is a powerhouse when it comes to all things payment processing. 

They’re available in 47 countries and let you accept payments in 135+ currencies (may vary according to your location). 

Stripe offers integrations with most marketplaces and your customers can pay via cards, mobile wallets, and a variety of local payment methods. You can also add Stripe to your own online shop (selling physical or digital products) or use it as an invoicing software to accept payments from global clients. 

Like Payoneer, Stripe also lets you charge your customers in their local currency and withdraw the earnings in your own currency. 

Stripe also offers many developer tools. 

For example, businesses can create both physical and virtual credit cards for employees, while having complete control over how much they can spend and for what purpose.


Widely available

Many currencies supported

Supports many types of business models

Bill customers in their local currency

Robust developer tools 

Physical and virtual credit cards

Custom invoicing


Not a money transfer service

Payment settlement can take longer

Complicated fee structure

Why Stripe may be better

Stripe may be a one of the best Payoneer alternatives if you’re looking for a robust payment processor that’s widely available for all types of businesses: from brick and mortar businesses to e-commerce retailers, marketplaces, online service providers, digital course creators, or subscription based businesses (like SAAS products).

3.5 PaySafe

PaySafe provides digital wallets as well as payment processing services for both online and POS businesses. 

They also issue a PaySafe prepaid card that’s available for both individuals and businesses. 

You don’t need to link a bank account or credit to use this card – simply load up your card with cash at a PaySafe location and use it as a regular debit card. 

As a business owner, PaySafe makes it easy to accept cash from your customers even for online purchases. And as an individual, this helps you make online payments even without a bank account or a credit card

The Paysafe payment processing ecosystem is owned by the PaySafe group, who also own Skrill and Neteller.

PaySafe and the PaySafe prepaid card are available in 45 countries, including the US, the UK, Australia, NewZealander, etc. (Services may vary according to the location).


Solutions for both online and POS businesses 

Available in 45 countries

Available for personal and business

PaySafe prepaid card can be used without linking bank account or credit card (for individuals)

Accept cash even for online purchases

Robust chargeback management features


Pricing not transparent (custom pricing)

No multi-currency account

Why PaySafe may be better

As a business PaySafe may be a better option for you if you have a brick and mortar retail business or want to include the option of paying in cash for your online business. 

As an individual, the PaySafe card gives you the option to make online purchases safely without linking a bank account or credit card.

3.6 Neteller

Neteller is a digital wallet and payment gateway for forex trading and some e-commerce businesses and is available in 105 countries as well as 15 languages. 

Neteller supports international money transfers in 22 currencies and also lets you buy and sell cryptocurrencies via their platform. 

You can also use Neteller to make business payments to vendors and suppliers abroad, including mass payments. These payments are usually available instantly.

Neteller issues the Net+ MasterCard debit card (physical and virtual card) to EEA residents and businesses only, which can be used to make online purchases. 

And while you can hold “secondary” currencies in your Neteller wallet, their multi-currency features are not as robust as their competitors (like Wise or Payoneer).


Available in 105 countries and 15 languages

Many payment options on their gateway

Integrates with leading forex trading platforms

International transfers supported

Buy and sell cryptocurrency

Both virtual and physical prepaid debit cards


Very high fees for international transfers

Limited currencies supported for money transfers

Not a true multi-currency account

Not available in the US

Why Neteller may be better

Both Payoneer and Neteller are widely available, but Neteller may be a better choice if you want a dedicated payment processor for forex trading, a payment gateway in languages other than English, as well as to invest in crypto currency.

3.7 PaySera

PaySera is a payment gateway for ecommerce businesses. But where they really shine is in making online ticket sales for events of all sizes easy and smooth. 

PaySera also provides mobile payment solutions for POS payments for offline retailers that they claim are 2x more affordable than debit card transactions. 

PaySera is widely available in 170+ countries and lets you send money abroad in 20+ currencies (including instant EUR to EUR payments). You can also hold many currencies in your PaySera multi-currency wallet. 

And unlike many of their competitors who let you buy cryptocurrency on their platform, PaySera lets their users buy and sell gold (gold bars and coins) online, which are securely stored and available for pick up.


Widely available in 170+ countries

Available for personal and business

Specialized service for online ticket sales

Affordable mobile payments for retail businesses

International transfers in 20 currencies

Contactless debit card for personal and business


Limited currencies supported for international transfers

Why PaySera may be better

PaySera may be better for businesses who are looking for a more affordable alternative to debit card POS transactions or a more streamlined approach to online ticket sales for events of all sizes. 

For private clients, PaySera offers unique investment opportunities.


Not all payment processors and multi-currency accounts are made the same. 

While Payoneer can work well for businesses, freelancers, and digital marketers (in 200 countries), there is likely a service or two that could meet your needs even better.

At the risk of oversimplifying, if you are an international person like a freelancer or solopreneur doing business in multiple countries – Wise may be a better option with its simpler, often cheaper and more straight forward offering.

As for the other alternatives,

  • PayPal is great when you’re looking for ease of use in the short term (personal and business use)
  • Skrill and Neteller are good choices if you operate in the trading and gaming industry (Payoneer doesn’t support these industries)
  • PaySafe makes it easy to receive cash even for online payments (this is revolutionary!)
  • And PaySera specializes in online ticket sales for events as well as in reducing the cost of mobile POS payments

So which Payoneer alternative is right for you ultimately depends on your specific needs.

How do you decide if a Payoneer alternative is Better?

1) Start with a list of things you want a service like Payoneer to do.
2) Be open to other things payment platforms can do (like international transfers and integrations with other software you may use)
3) Consider the user experience and how that will work for your business

Why should you consider alternatives to Payoneer?

All Payoneer alternatives vary in the integrations they have and how well they work (user interface and 3rd party reviews) for different types of businesses. Business types include e-commerce, freelancers, digital marketers, importers, exporters, gaming and travel related businesses.

Is Payoneer better than PayPal?

Both Payoneer and PayPal have their own unique features and benefits. Payoneer may have lower fees for international transfers, while PayPal has a larger user base and wider recognition.

Is Payoneer trustworthy?

Payoneer is a reputable and trustworthy financial services company. It is a regulated and licensed company and follows the standards set by relevant financial authorities. Many individuals and businesses use Payoneer as a secure and reliable way to transfer and receive funds globally.

What are the main factors to consider with alternatives to Payoneer?

Fees, currency support, and user experience are among the key factors to consider when looking for alternatives to Payoneer. Also some of the top alternatives may offer different features that are better suited for certain business types, such as freelancers and e-commerce businesses.

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