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

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

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

Payoneer vs PayPal: 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 PayPal Visit PayPal

    Used By: 295000000
    Currencies Available: 25
    Transfer Fees: 2.9%+0.30 EUR
    Payment Methods: Bank transfer, P2P mobile payment
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: None
    Max Transfer: US$60,000.00 (varies)
    Year Founded: 1998

Payoneer vs PayPal: Pros and Cons

Payoneer vs PayPal
Advantages

Payoneer Advantages PayPal 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.
  • PayPal has been in operation for over 26 years.
  • PayPal operates in numerous international countries.
  • PayPal offers an extensive range of currency options for money transfers.
  • PayPal provides phone support.
  • PayPal offers registered customers email support.
  • PayPal has a Apple iOS app on Apple app store.
  • PayPal offers a Android Google Play Store mobile app.

Payoneer vs PayPal
Disadvantages

Payoneer Disadvantages PayPal 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.
  • PayPal has no PayPal option.
  • PayPal has no Neteller option.
  • PayPal has no Skrill option.
  • No digital wallets with PayPal.
  • No PayPal home delivery.
  • No PayPal Cash pickups.
  • No PayPal money order option.
  • No PayPal Livechat.

Payoneer vs PayPal Fees and Other Costs

Fee type Payoneer Fees PayPal Fees
Transfer Fees 0.50% 2.9%+0.30 EUR
Min Transfer 50 USD None
Max Transfer 5000 USD US$60,000.00 (varies)
Payment Methods ACH Bank Debit, local bank transfer and credit/debit card payment Bank transfer, P2P mobile payment
Currencies USD, EUR, GBP, CAD, AUD, JPY, CNH AUD, BRL, CAD, CNY, CZK, DKK, EUR, HKD, HUF, ILS, JPY, MYR, MXN, TWD, NZD, NOK, PHP, PLN, GBP, RUB, SGD, SEK, CHF, THB, USD

Payoneer vs PayPal 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

PayPal 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 PayPal Transfer Speeds

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

Payoneer vs PayPal Languages

Payoneer Supported Languages

PayPal Supported Languages

All major languages

Payoneer vs PayPal Verdict - Which is better?

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

  • Payoneer vs PayPal Transfer Fees: Transferring money with Payoneer costs 0.50% while PayPal charges 2.9%+0.30 EUR.
  • Payoneer vs PayPal Supported Currencies: Payoneer deals in over 1, where as PayPal offers transactions in 1.
  • Payoneer vs PayPal Payment Methods: Payoneer accepts ACH Bank Debit, local bank transfer and credit/debit card payment, while PayPal allows transactions via Bank transfer, P2P mobile payment.
  • Payoneer vs PayPal Transfer Limits: Payoneer allows transfers between 50 USD and 5000 USD. PayPal's range is None to US$60,000.00 (varies).
  • Payoneer vs PayPal Minimum Age for Account Creation: Payoneer requires users to be at least 18 years old, where as PayPal has a minimum age requirement of 18.
  • Contact Number: You can reach Payoneer at +1 800-251-2521 and PayPal at 1800 419 9833.
  • Payoneer vs PayPal Countries of Operation: Payoneer operates in over 1 countries but has restrictions in over 1 countries. PayPal serves 1 countries and restricts operations in 1 countries.
  • Payoneer vs PayPal Client Base: Payoneer is used by 4,000,000, where as PayPal serves 295,000,000.
  • Payoneer vs PayPal Year Founded: Payoneer was established in 2005 and PayPal began its operations in 1998.
  • Payoneer vs PayPal Customer Rating: Payoneer holds a rating of 3, in contrast, PayPal has a rating of 3.
  • Payoneer vs PayPal Headquarters: Payoneer has its headquarters at New York (US), while PayPal is based at San Francisco (US).
  • Payoneer vs PayPal Employee Count: Payoneer employs 2 individuals, where as PayPal has a team of 320.
  • Payoneer vs PayPal Estimated Annual Turnover: Payoneer turnover stands at 110900000, while PayPal boasts a turnover of 25 Billion USD.
  • Payoneer vs PayPal Founder: Payoneer was founded by Charles Rosenblatt, holding the position of Chief Strategy Officer. On the other hand, PayPal was the brainchild of Sameera Rao, currently holding the position of VP and Head of Technology.
  • Payoneer vs PayPal Supported Languages: Payoneer offers support in over 1 languages. PayPal communicates in 1.

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Payoneer vs PayPal Alternatives Guides

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



Screenshots

Payoneer Screenshot

Payoneer Screenshot

PayPal Screenshot

Payoneer Screenshot