MoneyGram vs Payoneer - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like MoneyGram and Payoneer have emerged as leading choices. Both MoneyGram and Payoneer online platforms offer efficient and cost-effective and secure international money transfers from MoneyGram and Payoneer.

We compare MoneyGram vs Payoneer into the unique features and benefits that distinguish MoneyGram vs Payoneer, empowering you to make an informed decision based on your specific transfer needs like MoneyGram vs Payoneer fees, currencies available, available payment methods on MoneyGram compared to Payoneer, support options offered by MoneyGram vs Payoneer, speed and more.

MoneyGram vs Payoneer: Quick Feature Comparison

  1. Visit MoneyGram alternative MoneyGram Visit MoneyGram

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 1.99$
    Payment Methods: Bank transfer, debit/credit card, cash
    iOS App : yes, Android App : yes

    Min Transfer: $1.00
    Max Transfer: $10,000.00 (varies)
    Year Founded: 1940

  2. Visit MoneyGram alternative Payoneer Visit Payoneer

    Used By: 4000000
    Currencies Available: 7
    Transfer Fees: 0.50%
    Payment Methods: ACH Bank Debit, local bank transfer and credit/debit card payment
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 50 USD
    Max Transfer: 5000 USD
    Year Founded: 2005

MoneyGram vs Payoneer: Pros and Cons

MoneyGram vs Payoneer

MoneyGram Advantages Payoneer Advantages
  • MoneyGram has been serving clients for over 84 years
  • MoneyGram is available internationally.
  • MoneyGram has multiple currency options.
  • MoneyGram provides phone customer support.
  • MoneyGram provides email customer support.
  • MoneyGram is available to iOS Apple device users.
  • MoneyGram is available to Android mobile device users.
  • Payoneer has been in operation for over 19 years.
  • Payoneer operates in numerous international countries.
  • Payoneer offers an extensive range of currency options for money transfers.
  • Payoneer provides phone support.
  • Payoneer offers registered customers email support.
  • Payoneer has a Apple iOS app on Apple app store.
  • Payoneer offers a Android Google Play Store mobile app.

MoneyGram vs Payoneer

MoneyGram Disadvantages Payoneer Disadvantages
  • MoneyGram has no PayPal support.
  • MoneyGram has no Neteller payments support.
  • MoneyGram has no Skrill payment support.
  • MoneyGram does have a mobile digital wallet like some others.
  • No home delivery with MoneyGram.
  • No cash pickups with MoneyGram.
  • No money order support with MoneyGram.
  • No live chat support with MoneyGram.
  • Payoneer has no PayPal option.
  • Payoneer has no Neteller option.
  • Payoneer has no Skrill option.
  • No digital wallets with Payoneer.
  • No Payoneer home delivery.
  • No Payoneer Cash pickups.
  • No Payoneer money order option.
  • No Payoneer Livechat.

MoneyGram vs Payoneer Fees and Other Costs

Fee type MoneyGram Fees Payoneer Fees
Transfer Fees 1.99$ 0.50%
Min Transfer $1.00 50 USD
Max Transfer $10,000.00 (varies) 5000 USD
Payment Methods Bank transfer, debit/credit card, cash ACH Bank Debit, local bank transfer and credit/debit card payment

MoneyGram vs Payoneer Restricted Countries

MoneyGram Country Restrictions

North Korea

Payoneer Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

MoneyGram vs Payoneer Transfer Speeds

Transfer Speed MoneyGram Payoneer
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

MoneyGram vs Payoneer Languages

MoneyGram Supported Languages

English, Spanish, French, Danish, German, Arabic, Czech, Hungarian, Indonesian, Italian, Japanese, Korean, Malaysian, Norwegian, Polish, Portuguese, Romanian, Russian, Thai, Turkish, Ukrainian, Chinese

Payoneer Supported Languages

MoneyGram vs Payoneer Verdict - Which is better?

Which is best out of MoneyGram and Payoneer depends on your needs.

  • MoneyGram vs Payoneer Transfer Fees: Transferring money with MoneyGram costs 1.99$ while Payoneer charges 0.50%.
  • MoneyGram vs Payoneer Supported Currencies: MoneyGram deals in over 1, where as Payoneer offers transactions in 1.
  • MoneyGram vs Payoneer Payment Methods: MoneyGram accepts Bank transfer, debit/credit card, cash, while Payoneer allows transactions via ACH Bank Debit, local bank transfer and credit/debit card payment.
  • MoneyGram vs Payoneer Transfer Limits: MoneyGram allows transfers between $1.00 and $10,000.00 (varies). Payoneer's range is 50 USD to 5000 USD.
  • MoneyGram vs Payoneer Minimum Age for Account Creation: MoneyGram requires users to be at least 18 years old, where as Payoneer has a minimum age requirement of 18.
  • Contact Number: You can reach MoneyGram at 448457223344 and Payoneer at +1 800-251-2521.
  • MoneyGram vs Payoneer Countries of Operation: MoneyGram operates in over 1 countries but has restrictions in over 1 countries. Payoneer serves 1 countries and restricts operations in 1 countries.
  • MoneyGram vs Payoneer Client Base: MoneyGram is used by 150,000,000, where as Payoneer serves 4,000,000.
  • MoneyGram vs Payoneer Year Founded: MoneyGram was established in 1940 and Payoneer began its operations in 2005.
  • MoneyGram vs Payoneer Customer Rating: MoneyGram holds a rating of 3, in contrast, Payoneer has a rating of 3.
  • MoneyGram vs Payoneer Headquarters: MoneyGram has its headquarters at Dallas, US, while Payoneer is based at New York (US).
  • MoneyGram vs Payoneer Employee Count: MoneyGram employs 2,300 individuals, where as Payoneer has a team of 2.
  • MoneyGram vs Payoneer Estimated Annual Turnover: MoneyGram turnover stands at 900,000,000 USD, while Payoneer boasts a turnover of 110900000.
  • MoneyGram vs Payoneer Founder: MoneyGram was founded by Alex Holmes, holding the position of Chairman & CEO. On the other hand, Payoneer was the brainchild of Charles Rosenblatt, currently holding the position of Chief Strategy Officer.
  • MoneyGram vs Payoneer Supported Languages: MoneyGram offers support in over 1 languages. Payoneer communicates in 1.

We list reviews for the best MoneyGram vs Payoneer related money services below.

MoneyGram vs Payoneer Alternatives Guides

If you would like to see some of the best MoneyGram vs Payoneer related services compared against their best MoneyGram vs Payoneer alternatives available right now. Learn more about MoneyGram vs Payoneer alternatives by clicking on the links below.


MoneyGram Screenshot

MoneyGram Screenshot

Payoneer Screenshot

MoneyGram Screenshot