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

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

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

OFX vs Payoneer: Quick Feature Comparison

  1. Visit OFX alternative OFX Visit OFX

    Used By: 1000000
    Currencies Available: 54
    Transfer Fees: 15 AUD below 10k AUD
    Payment Methods: ETF, BPAY (Australia), Direct debits
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1000 USD
    Max Transfer: none
    Year Founded: 1998

  2. Visit OFX 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

OFX vs Payoneer: Pros and Cons

OFX vs Payoneer
Advantages

OFX Advantages Payoneer Advantages
  • OFX has been serving clients for over 26 years
  • OFX is available internationally.
  • OFX has multiple currency options.
  • OFX provides phone customer support.
  • OFX provides email customer support.
  • OFX is available to iOS Apple device users.
  • OFX 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.

OFX vs Payoneer
Disadvantages

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

OFX vs Payoneer Fees and Other Costs

Fee type OFX Fees Payoneer Fees
Transfer Fees 15 AUD below 10k AUD 0.50%
Min Transfer 1000 USD 50 USD
Max Transfer none 5000 USD
Payment Methods ETF, BPAY (Australia), Direct debits ACH Bank Debit, local bank transfer and credit/debit card payment
Currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, JPY, NOK, NZD, PLN, SEK, SGD, USD, ZAR, AZN, BGN, BHD, BND, CNY*, EGP, FJD, HUF, IDR, ILS, INR, KRW, KWD, LKR, MAD, MGA, MXN, MYR, OMR, PEN, PGK, PHP, PKR, RUB, SAR, SBD, SCR, TOP, THB, TRY, TWD, TZS, VND, VUV, WST, XOF, XPF USD, EUR, GBP, CAD, AUD, JPY, CNH

OFX vs Payoneer Restricted Countries

OFX 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

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

OFX vs Payoneer Transfer Speeds

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

OFX vs Payoneer Languages

OFX Supported Languages

Payoneer Supported Languages

OFX vs Payoneer Verdict - Which is better?

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

  • OFX vs Payoneer Transfer Fees: Transferring money with OFX costs 15 AUD below 10k AUD while Payoneer charges 0.50%.
  • OFX vs Payoneer Supported Currencies: OFX deals in over 1, where as Payoneer offers transactions in 1.
  • OFX vs Payoneer Payment Methods: OFX accepts ETF, BPAY (Australia), Direct debits, while Payoneer allows transactions via ACH Bank Debit, local bank transfer and credit/debit card payment.
  • OFX vs Payoneer Transfer Limits: OFX allows transfers between 1000 USD and none. Payoneer's range is 50 USD to 5000 USD.
  • OFX vs Payoneer Minimum Age for Account Creation: OFX requires users to be at least 18 years old, where as Payoneer has a minimum age requirement of 18.
  • Contact Number: You can reach OFX at +442076144194 and Payoneer at +1 800-251-2521.
  • OFX vs Payoneer Countries of Operation: OFX operates in over 1 countries but has restrictions in over 1 countries. Payoneer serves 1 countries and restricts operations in 1 countries.
  • OFX vs Payoneer Client Base: OFX is used by 1,000,000, where as Payoneer serves 4,000,000.
  • OFX vs Payoneer Year Founded: OFX was established in 1998 and Payoneer began its operations in 2005.
  • OFX vs Payoneer Customer Rating: OFX holds a rating of 3, in contrast, Payoneer has a rating of 3.
  • OFX vs Payoneer Headquarters: OFX has its headquarters at Sydney, Australia, while Payoneer is based at New York (US).
  • OFX vs Payoneer Employee Count: OFX employs 250 individuals, where as Payoneer has a team of 2.
  • OFX vs Payoneer Estimated Annual Turnover: OFX turnover stands at 8,000,000, while Payoneer boasts a turnover of 110900000.
  • OFX vs Payoneer Founder: OFX was founded by Reuben Sorensen, holding the position of CEO & Co-Founder | OFX. On the other hand, Payoneer was the brainchild of Charles Rosenblatt, currently holding the position of Chief Strategy Officer.
  • OFX vs Payoneer Supported Languages: OFX offers support in over 1 languages. Payoneer communicates in 1.

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OFX vs Payoneer Alternatives Guides

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Screenshots

OFX Screenshot

OFX Screenshot

Payoneer Screenshot

OFX Screenshot