Personal Features

Payoneer

0

0

Payoneer only offers money transfer solutions for freelancers and businesses. Therefore Payoneer receives a zero score for the Individual services category. If you need international money transfer services or solutions and you are not a freelancer or a business. You should click Compare Now in the top menu. Find the best companies for individuals that support your home and destination country.


Stripe

0

0

Stripe does not offer individual services.


It’s a draw!

Both equally compare in the Personal Features category.

It's a draw!
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Draw

Business Benefits

Payoneer

89

89

Payoneer specializes in providing international money transfer services for businesses, online sellers and freelancers. Payoneer offers international payment solutions for large and small businesses alike. AirBNB has partnered with Payoneer to service payments to their hosts. Small business and entrepreneurs leverage Payoneers Online Sellers integration to easily receive payments from Amazon, Wish and Shopee and many more. See a high level list of the services Payoneer offer below.

What Payoneer for business offers

  • Solutions for online sellers
  • Unique local multi-currency bank accounts
  • Mass payments
  • Prepaid Mastercard
  • Payment requests
  • Payoneer to Payoneer transfers
  • Accounting integration

What Payoneer for business doesn’t do

  • Currency hedging tools
  • Dedicated account managers for small transfers

Stripe

67

67

Stripe offers more than 135 currencies across 26 countries. 

Access Stripe’s products and services through its website or apps on both Apple and Android.

Accounting integration is possible through products like Xero 

Schedule payments easily


Payoneer wins!

Payoneer scores better in the Business Benefits category.

Payoneer
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Winner

Fees & Exchange Rates

Payoneer

42

42

Payoneer fees include transferring money out of Payoneer to local bank accounts, using their Mastercard to spend in foreign countries, and some additional fees. There are no fees for receiving money in to your Payoneer account.

Payoneer Fees

There are different fees for Payoneer services. Read the review of Payoneer to see a detailed breakdown of all the fees that can apply. Below is a short summary of the Payoneer fees.

Exchange rate margin fee - An exchange rate margin of up to 3% can apply in different circumstances such as withdrawing money and transferring balances between different currencies. You may negotiate better rates when carrying out large value transfers.

Payoneer Mastercard - Spending funds in the Payoneer account using the Payoneer Mastercard can have up to a 3.5% currency conversion fee.

Are there additional Payoneer fees?

Yes. You might need to pay fees when receiving and making payments. The Payoneer Prepaid Mastercard comes with an annual fee. 


Stripe

25

25

Exchange rates

Stripe uses mid-market rates to process currency conversions.

You get to view the rate that applies on your payments and currency conversions through your dashboard.
 

Additional Fees

Payments received via debit and credit cards attract 2.9% of the transaction amount plus $0.30 as fees.

Accepting payments via international cards comes with an added 1% fee, and you might also incur a 1% currency conversion fee.

ACH direct debit, ACH credit, and wire transfers attract 0.8% of the transaction amount as fees along with a flat fee of no more than $5.

Using the company’s billing services requires that you pay 0.4% as fees for recurring charges, although no fees apply for the first $1 million.


Payoneer wins!

Payoneer scores better in the Fees and Exchange Rates category.

Payoneer
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Winner

Ease of Use

Payoneer

64

64

What Payoneer does well

Sign up process - Fairly straightforward although completing the US tax form can be time consuming.

Payment options -  Bank account transfers, debit card, credit cards and Payoneer balances.

Mobile app - Available for iOS and Android. 
 

Where Payoneer could improve

Transfer speed - Up to 3 business days upon payment.

Phone transfers - Transfers can not be completed over the phone.

USA tax compliance form assistance - Completing the form as a non-US resident can be confusing. It would be of great help to provide more assistance for non-nationals to complete these forms.


Stripe

61

61

Businesses may accept payments via debit cards, credit cards, various digital wallets as well as different region-specific methods.

The Checkout option lets you receive payments directly through your website.

You may accept payments using the Stripe app or its mobile website.

Stripe Terminal gives you the ability to accept payments in person.

You can bill customers using one-off or recurring invoices.


Payoneer wins!

Payoneer scores better in the Ease of Use category.

Payoneer
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Winner

Support & Countries

Payoneer

88

88

What Payoneer does well

Supported destination countries and currencies - Payoneer supports transfers to more than 200 countries and territories, in over 150 currencies.

Customer support - Customer support is available via chat, email and over the phone.

Languages - Access to the Payoneer website comes in multiple languages.
 

Where Payoneer could improve

Send from countries - As of now, customers can use the Global Payment Service to send money from the United States, European Union, the United Kingdom, Japan, Australia, Canada and Mexico.

Customer Service - There is a growing number of negative customer reviews for Payoneer. These need to be addressed and communicated through review channels such as Trustpilot.


Stripe

63

63

Supported Countries

Stripe currently provides its services to businesses from 26 countries.

It processes payments in more than 135 currencies.
 

Customer Service

Stripe averages 6.5 out of 10 on TrustPilot


Payoneer wins!

Payoneer scores better in the Support and Countries category.

Payoneer
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Winner

Trust & Transparency

Payoneer

63

63

What Payoneer does well

  • Payoneer is fully regulated in different countries.
  • Two-factor authentication adds another layer of security to your Payoneer account.
  • High volume of repeat transfers implies high levels of trust.

Where Payoneer could improve

Exchange rate margin fee transparency - Payoneer’s exchange rates include margins of up to 3% in some cases.


Stripe

32

32

U.S.-based Stripe has the required regulatory licenses to operate in different countries.

Stripe Radar and 3D Secure help identify, prevent, and reduce the risk of fraud.

The company is a certified PCI Level 1 Service Provider.


Payoneer wins!

Payoneer scores better in the Trust and Transparency category.

Payoneer
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Winner

The Result

Winner ribbon iconWinner

 Payoneer

This is not much of a contest with Payoneer easily taking out all categories against Stripe.  With both not offering services for individuals, the gap in business services is quite dramatically in favour of Payoneer.  The only other category that was marginally close was Ease of Use making Payoneer the clear overall winner.