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Payoneer Reviews: 3.4/5 — Mixed Feedback
Payoneer is a global fintech and cross-border payments platform enabling individuals, freelancers, marketplaces and businesses to receive, hold, convert, send and withdraw funds across 190+ countries and 70+ currencies. The platform offers multi-currency balances, local receiving accounts, cards (physical and virtual), mass payouts, APIs for integrations and workforce management tools, and provides regulatory compliance and PCI Level 1 security.
| Company | Payoneer Global Inc. |
|---|---|
| Year founded | 2005 |
| Company size | 1000+ employees |
| Headquarters | New York City, United States |
| Capabilities |
API
|
|---|---|
| Segment |
Small Business
Freelancer
Enterprise
|
| Deployment | Cloud / SaaS / Web-Based, Mobile Android, Mobile iPhone |
| Support | FAQs/Forum, Knowledge Base |
| Training | Documentation, Videos |
| Languages | English |
Payoneer Pros and Cons
- Global availability across 190+ countries and support for 70+ currencies
- Comprehensive feature set: receiving, payouts, cards, multi-currency balances, workforce management
- APIs and partnerships enable embedding in marketplaces and platforms
- Working capital options for eligible customers
- Strong regulatory compliance and PCI Level 1 certification
- Transaction and currency conversion fees can be relatively high in some corridors
- Fee transparency varies by region, account type and transaction; some fees depend on eligibility
- Not all features available in all jurisdictions (region-dependent availability)
- Advanced fraud/risk detection features are not clearly documented publicly
I used Payoneer to accept payments from freelance marketplaces such as GURU, UPWORK, and FIVERR at a Low commission. Free payments between Payoneer accounts and My favorite thing about Payoneer is that it allows me to transfer my funds directly into my bank account for free.
I like almost all the features provided by Payoneer but I dislike the minimum withdrawal limit which is 50$ and There is no option to receive money from other wallets, such as PayPal, Skrill, and Neteller.
I have been using Payoneer since 2018 and I am happy to have this service. In the perspective of Bangladesh, this is the only one solution for getting payments from the freelance marketplace. Also, Their customer service is really helpful.
Honestly my participation with Payoneer has been exceptional. I've been using Payoneer from the beginning of my Payment method.This online payment entrance stage is supporting me with being paid from numerous sources, for example, Freelancing and Monetizing stage. I can quickly receive payment from other Payoneer users. It's the best financial consulting firm I've ever worked with!
Sometimes i am not happy with the Payoneer conversion scale since each time I withdraw my assets, it moves from USD to another currency, but the swapping scale appears equivalent. When the USD rate is extremely high, I remove reserves; however, when the dollar rises, it returns to the original conversion scale.
There are several professionals from India and Pakistan working on distinct autonomous stages. However, they cannot be reimbursed through PayPal because it is not supported in our country, despite the fact that Payoneer handled the most fundamental issue for us. It's simple to use, comfortable, and offers fantastic features with good security.
I like that app is easy to use and it offers user the option to have virtual accounts in different currencies.
I hate reaching out to their customers service team
Not aware of any at the moment
They offer a virtual MasterCard and free transactions among Payoneer users.
Sometimes, confirming payment takes longer than expected.
I need to receive payments from foreign clients and Payoneer is my not only best but the only choice.
Have no bank account, fear not. I have been using Payoneer for years now and it is absolutely reliable you can learn about funding partners and then join and make some money so-long.
Payoneer is well-prepared, simple, and easy to navigate, I haven't faced any significant challenges since I started using the service. ATM card delivery however only comes after you make 100usd plus, however that is fair considering the card is secure and can work worldwide.
Getting payments in different countries can be a challenge. This is where payoneer comes in, you can even pay your employees using the system, invoice clients and there is an automated reminder that follows up your payment requests.
Easy to use, great solution for getting paid around de world
the commissions could be a little lower on bank withdraw
Receiving money from any company in the world
The ease of use and the ability to open multi-currency accounts.
Their support team takes a lot of time to get back.
Making international payments seamless
It allows us to collect payments for our events globally and send the money to our directors from all around the world
The setup it's a little bit hard at the beginning, but after that it works flawlessly.
It help us to send international payment in the local currency of our Chapter Directors
Withdrawals are easy as it is integrated with banks and mobile wallets from different countries.
You need to do 3 transaction. Request, Exchange (to your currency), and withdraw.
Clients should have the option to pay automatically rather than Nomads requesting for payments
Because Payoneer makes it simple for me to transfer my payment from Amazon to my UAE bank account via Payoneer account, I like that service. I used to like the free ATM card that was provided until it was recently blocked and I was told to wait until I received $2,000 within six months before receiving another. For me to renew an expired card, that is too much.
I don't like that before I can apply for another MasterCard, I have to pay $2000 or wait until my total collected payments reach that amount. Before Payoneer moved its business from the USA to the UK, this was not the case.
Payoneer is assisting third-world nations where there are IP restrictions and other issues. Payoneer arriving: 1. It makes it simple to expand our business internationally. 2. It facilitates the payment of freelancers. 3. It provides free US bank accounts for companies with locations outside of the US. 4. Free MasterCard used to be offered. 5. Through its blog, it also tells us where we can make additional money online.