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

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

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

Payoneer vs Monzo: Quick Feature Comparison

  1. Visit Payoneer 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

  2. Visit Payoneer alternative Monzo Visit Monzo

    Used By: 5,000,000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: bank transfer, phone contact
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 10000 GBP
    Year Founded: 2015

Payoneer vs Monzo: Pros and Cons

Payoneer vs Monzo
Advantages

Payoneer Advantages Monzo Advantages
  • Payoneer has been serving clients for over 19 years
  • Payoneer is available internationally.
  • Payoneer has multiple currency options.
  • Payoneer provides phone customer support.
  • Payoneer provides email customer support.
  • Payoneer is available to iOS Apple device users.
  • Payoneer is available to Android mobile device users.
  • Monzo provides phone support.
  • Monzo offers registered customers email support.
  • Monzo has a Apple iOS app on Apple app store.
  • Monzo offers a Android Google Play Store mobile app.

Payoneer vs Monzo
Disadvantages

Payoneer Disadvantages Monzo Disadvantages
  • Payoneer has no PayPal support.
  • Payoneer has no Neteller payments support.
  • Payoneer has no Skrill payment support.
  • Payoneer does have a mobile digital wallet like some others.
  • No home delivery with Payoneer.
  • No cash pickups with Payoneer.
  • No money order support with Payoneer.
  • No live chat support with Payoneer.
  • Monzo has no PayPal option.
  • Monzo has no Neteller option.
  • Monzo has no Skrill option.
  • Monzo is not available is as many regions as some other providers.
  • Monzo has few fiat currency then some others.
  • No digital wallets with Monzo.
  • No Monzo home delivery.
  • No Monzo Cash pickups.
  • No Monzo money order option.
  • No Monzo Livechat.

Payoneer vs Monzo Fees and Other Costs

Fee type Payoneer Fees Monzo Fees
Transfer Fees 0.50% none
Min Transfer 50 USD none
Max Transfer 5000 USD 10000 GBP
Payment Methods ACH Bank Debit, local bank transfer and credit/debit card payment bank transfer, phone contact
Currencies USD, EUR, GBP, CAD, AUD, JPY, CNH GBP

Payoneer vs Monzo Restricted Countries

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

Monzo 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 vs Monzo Transfer Speeds

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

Payoneer vs Monzo Languages

Payoneer Supported Languages

Monzo Supported Languages

Payoneer vs Monzo Verdict - Which is better?

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

  • Payoneer vs Monzo Transfer Fees: Transferring money with Payoneer costs 0.50% while Monzo charges none.
  • Payoneer vs Monzo Supported Currencies: Payoneer deals in over 1, where as Monzo offers transactions in 1.
  • Payoneer vs Monzo Payment Methods: Payoneer accepts ACH Bank Debit, local bank transfer and credit/debit card payment, while Monzo allows transactions via bank transfer, phone contact.
  • Payoneer vs Monzo Transfer Limits: Payoneer allows transfers between 50 USD and 5000 USD. Monzo's range is none to 10000 GBP.
  • Payoneer vs Monzo Minimum Age for Account Creation: Payoneer requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach Payoneer at +1 800-251-2521 and Monzo at 00 44 20 3872 0620.
  • Payoneer vs Monzo Countries of Operation: Payoneer operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • Payoneer vs Monzo Client Base: Payoneer is used by 4,000,000, where as Monzo serves 5.
  • Payoneer vs Monzo Year Founded: Payoneer was established in 2005 and Monzo began its operations in 2015.
  • Payoneer vs Monzo Customer Rating: Payoneer holds a rating of 3, in contrast, Monzo has a rating of 3.
  • Payoneer vs Monzo Headquarters: Payoneer has its headquarters at New York (US), while Monzo is based at London, UK.
  • Payoneer vs Monzo Employee Count: Payoneer employs 2 individuals, where as Monzo has a team of 1,551.
  • Payoneer vs Monzo Estimated Annual Turnover: Payoneer turnover stands at 110900000, while Monzo boasts a turnover of 80000000.
  • Payoneer vs Monzo Founder: Payoneer was founded by Charles Rosenblatt, holding the position of Chief Strategy Officer. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • Payoneer vs Monzo Supported Languages: Payoneer offers support in over 1 languages. Monzo communicates in 1.

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Payoneer vs Monzo Alternatives Guides

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Screenshots

Payoneer Screenshot

Payoneer Screenshot

Monzo Screenshot

Payoneer Screenshot