Western Union vs Payoneer - Who is better? [UPDATED 2024]

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

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

Western Union vs Payoneer: Quick Feature Comparison

  1. Visit Western Union alternative Western Union Visit Western Union

    Used By: 15000000
    Currencies Available: 38
    Transfer Fees: up to 3%
    Payment Methods: Cash, bank transfer, debit card, credit card (varies from country)
    iOS App : yes, Android App : yes

    Min Transfer: $1.00
    Max Transfer: $10,000.00 (varies)
    Year Founded: 1851

  2. Visit Western Union 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

Western Union vs Payoneer: Pros and Cons

Western Union vs Payoneer

Western Union Advantages Payoneer Advantages
  • Western Union has been serving clients for over 173 years
  • Western Union is available internationally.
  • Western Union has multiple currency options.
  • Western Union supports money transfer cash pickups.
  • Western Union supports sending money orders.
  • Western Union provides phone customer support.
  • Western Union provides email customer support.
  • Western Union is available to iOS Apple device users.
  • Western Union 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.

Western Union vs Payoneer

Western Union Disadvantages Payoneer Disadvantages
  • Western Union has no PayPal support.
  • Western Union has no Neteller payments support.
  • Western Union has no Skrill payment support.
  • Western Union does have a mobile digital wallet like some others.
  • No home delivery with Western Union.
  • No live chat support with Western Union.
  • 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.

Western Union vs Payoneer Fees and Other Costs

Fee type Western Union Fees Payoneer Fees
Transfer Fees up to 3% 0.50%
Min Transfer $1.00 50 USD
Max Transfer $10,000.00 (varies) 5000 USD
Payment Methods Cash, bank transfer, debit card, credit card (varies from country) ACH Bank Debit, local bank transfer and credit/debit card payment

Western Union vs Payoneer Restricted Countries

Western Union 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

Western Union vs Payoneer Transfer Speeds

Transfer Speed Western Union Payoneer
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Western Union vs Payoneer Languages

Western Union Supported Languages

English, French, Spanish, Polish, German, Danish, Finnish, Japanese, Dutch, Norwegian, Portuguese, Russian, Swedish, Turkish, Ukrainian, Chinese, Italian

Payoneer Supported Languages

Western Union vs Payoneer Verdict - Which is better?

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

  • Western Union vs Payoneer Transfer Fees: Transferring money with Western Union costs up to 3% while Payoneer charges 0.50%.
  • Western Union vs Payoneer Supported Currencies: Western Union deals in over 1, where as Payoneer offers transactions in 1.
  • Western Union vs Payoneer Payment Methods: Western Union accepts Cash, bank transfer, debit card, credit card (varies from country), while Payoneer allows transactions via ACH Bank Debit, local bank transfer and credit/debit card payment.
  • Western Union vs Payoneer Transfer Limits: Western Union allows transfers between $1.00 and $10,000.00 (varies). Payoneer's range is 50 USD to 5000 USD.
  • Western Union vs Payoneer Minimum Age for Account Creation: Western Union requires users to be at least 18 years old, where as Payoneer has a minimum age requirement of 18.
  • Contact Number: You can reach Western Union at +104904946 and Payoneer at +1 800-251-2521.
  • Western Union vs Payoneer Countries of Operation: Western Union operates in over 1 countries but has restrictions in over 1 countries. Payoneer serves 1 countries and restricts operations in 1 countries.
  • Western Union vs Payoneer Client Base: Western Union is used by 15,000,000, where as Payoneer serves 4,000,000.
  • Western Union vs Payoneer Year Founded: Western Union was established in 1851 and Payoneer began its operations in 2005.
  • Western Union vs Payoneer Customer Rating: Western Union holds a rating of 3, in contrast, Payoneer has a rating of 3.
  • Western Union vs Payoneer Headquarters: Western Union has its headquarters at Denver, US, while Payoneer is based at New York (US).
  • Western Union vs Payoneer Employee Count: Western Union employs 11,000 individuals, where as Payoneer has a team of 2.
  • Western Union vs Payoneer Estimated Annual Turnover: Western Union turnover stands at 5,600,000 USD, while Payoneer boasts a turnover of 110900000.
  • Western Union vs Payoneer Founder: Western Union was founded by Hikmet Ersek, holding the position of President, Chief Executive Officer and Director. On the other hand, Payoneer was the brainchild of Charles Rosenblatt, currently holding the position of Chief Strategy Officer.
  • Western Union vs Payoneer Supported Languages: Western Union offers support in over 1 languages. Payoneer communicates in 1.

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Western Union vs Payoneer Alternatives Guides

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Western Union Screenshot

Western Union Screenshot

Payoneer Screenshot

Western Union Screenshot