Back 
Send payments to partners, freelancers, and vendors in 200+ countries—without the complexity.
The cross-border payments market is experiencing significant growth, driven by the expansion of e-commerce and global trade.
For businesses looking to automate mass payments, Payoneer is a viable choice. However, the ongoing price increases and missing features are compelling reasons to consider alternatives to Payoneer.
We’ve picked the top alternatives to Payoneer based on their pricing, features, strengths, and reviews.
Why Businesses Are Leaving Payoneer
For businesses, the primary benefit of using Payoneer was that in-network transfers were free.
However, in 2025, Payoneer announced a major update to its pricing: Payoneer-to-Payoneer payments (both domestic and international) are no longer free.
There are additional updates, including a minimum withdrawal fee of 15 USD for withdrawals in non-local currencies, and a new fee for receiving payments via receiving accounts in all currencies except USD for US-based receiving accounts.
With these changes, the cost of using Payoneer has become prohibitive, prompting businesses to shift to more cost-effective alternatives that offer comprehensive mass payment solutions.
Comparison: Payoneer Alternatives
| Brand | Price | Global Reach and Currencies | Payment Methods | Integrations | International Payments |
|---|---|---|---|---|---|
| Tipalti | $$$ | 200+ countries and 120 currencies | 50+ payment methods | Agnostic integration, plugins, and APIs | ✅ |
| PayPal Payouts | $ | 156 global markets in 23 currencies | ACH, eCheck, CC, debit card | Accounting and e-commerce. | ✅ |
| Hyperwallet | $ | 200 countries and 150+ currencies | Bank transfers, prepaid cards, PayPal, eWallets | PayPal, Braintree, API endpoints, UI components | ✅ |
| Stripe Connect | $ | 117 countries and 135 currencies | ACH, bank transfers, debit/credit cards, wires, SEPA | Accounting software, e-commerce, and ERPs like Oracle | ✅ |
| Wise (formerly Transferwise) | $$ | 70 countries and 50+ currencies | Credit card, debit card, wire transfer, bank account ACH. | Open API | ✅ |
| Skrill | $ | 200 countries and 40+ currencies | Credit/ debit cards, local payment methods, digital wallets | E-commerce and accounting apps | ✅ |
| Mangopay | $ | 170+ countries and 24 currencies | Bank transfers, credit/debit cards, SEPA direct debit, digital wallets | Accounting, e-commerce, marketplaces, on-demand, and APIs | ✅ |
Latest Payoneer Pricing Update
The headline is hard to miss: Payoneer-to-Payoneer payments are no longer free.
With this update, Payoneer has removed the core benefit that initially attracted users to the platform.
The following tables give a summary of all the fee increases that Payoneer has introduced as of 2025:
Making Payments (Payoneer to Payoneer)
| Scenario | Old Fee | New Fee (2025) | Impact |
|---|---|---|---|
| Payments to accounts in the same country | Free | $4.00 USD/EUR/GBP per transaction | Domestic payments now face a steep fixed fee. |
| Payments to accounts in a different country | Free | 1% of the transaction amount (min $4.00) | Punitive for businesses paying many cross-border freelancers or contractors |
Receiving Funds
| Scenario | Old Fee | New Fee (2025) | Impact |
| Payoneer-to-Payoneer domestic transfers in local currency | Free | Free only for payments received in USD via receiving accounts within the US.A fixed fee applies for amounts up to a set threshold, and a fee of 1% applies for amounts exceeding that threshold. | Neutral |
| Receiving payments outside Payoneer | Small fixed fee only | 1% fee if the currency does not match the local account | Significant, since receiving accounts are limited to 10 currencies (USD, EUR, GBP, JPY, AUD, CAD, HKD, SGD, AED, MXN) |
Withdrawals
| Scenario | Old Fee | New Fee (2025) | Impact |
| From a Payoneer balance to a bank account in a different currency (with conversion) | 2% of the transaction amount | 3% of the transaction amount | High cost, especially for small/mid-sized businesses |
| In non-local currency with no conversion | 2% of the transaction amount | 3% of the transaction amount | |
| In local currency (USD, GBP, EUR) from Payoneer balance of the same currency (no currency conversion) when withdrawals and payments are < 50,000 USD/GBP/EUR per month | 1.50 USD/EUR/GBP | 1.50 USD/EUR/GBP | |
| In local currency (USD, GBP, EUR) from Payoneer balance of the same currency (no currency conversion) when withdrawals and payments are > 50,000 USD/GBP/EUR per month | 0.5% of the total withdrawal amount | 0.5% of the total withdrawal amount |
Payoneer Business Card Fee
| Scenario | Fees | Impact |
| Annual card fee | $29.95 | High ongoing costs remain |
| Transactions involving currency conversion | 3.5% | |
| Cross-border fee | 1.8% | |
| ATM cash withdrawal | 3.15 USD/2.50 EUR/ 1.95 GBP |
Payoneer’s recent fee hikes erode its USP of low-cost, in-network transfers. Instead of supporting global expansion, the new structure penalizes individuals and businesses that want to diversify into new regions and expand their vendor and freelancer networks.
Let’s do the math for a payee in India receiving $30,000 USD/year in USD Payoneer Balance (they cannot hold INR balances in Payoneer) from a payer using Payoneer in the US.
Here, we assume that all fees are passed to the payee and the payee withdraws, spends, or transfers the received funds.
| Transaction | Fees |
|---|---|
| Receiving fees (1%) | $300 USD |
| Withdrawing 25,000 USD of its cash per year to an INR local currency bank account (3%): | $750 USD (+ any FX/conversion fees) |
| Spending 4,000 USD on Payoneer Card in INR (3.5%): | $140 USD |
| Annual card fee | $29.95 USD |
| Payoneer-to-Payoneer Transfers of 1,000 USD (1%) | $10 USD |
| Total fees | $1,229.95 USD (or 4.1% of the 30,000 USD received) |
8 Alternatives to Payoneer for Mass Payments
1) Tipalti
As one of the most convenient mass payment solutions for businesses, Tipalti tops the list of Payoneer alternatives.
Functioning seamlessly within a unified cloud platform, Tipalti facilitates payments to over 200 countries in more than 120 currencies, utilizing 50+ global payment methods.
In addition to providing affiliate and marketplace payment solutions, Tipalti offers built-in tax compliance, seamless vendor management, and integrated procure-to-pay flows.
Tipalti supports 50+ international payment methods
Strengths
- Fast and secure global mass payments
- Seamless payment reconciliation with leading ERPs
- 360-degree view of transactions
- Self-service supplier onboarding and tax compliance validation
- Reduces payment error rates by scrubbing payment data against 26,000 rules
Pricing
Tipalti offers two separate mass payment plans:
Accelerate
- Customizable, embeddable payee self-onboarding
- W9/W8 collection and TIN validation
- 50+ payment methods to 200+ countries in +120 currencies
- Two-way API sync with leading performance tracking software and ERPs
- Global multi-entity and multi-currency infrastructure
- Option to add AP, Procurement, Expenses, and Card
Plus
- Includes all Accelerate features
- Tipalti Detect® risk module for fraud monitoring
- Self-billing with payee approvals
- FX hedging
- Access to Tipalti Developer Hub and APIs
- Priority customer support
Tipalti generates all invoices and schedules payments exactly how each partner needs. It’s almost effortless for both sides.
– Noa Tal, Head of Global Operations, Odeeo
Read the customer story here.
Here’s how Tipalti compares to Payoneer across key features:
| Functionality | Tipalti | Payoneer |
|---|---|---|
| Global Payments | 200+ countries, 120 currencies, ACH, wire, PayPal, etc. | 190 countries, 70 currencies |
| Partner Onboarding | Branded portal, 26K+ rules, OFAC/SDN checks | Limited branding, no real-time validation |
| Partner Communications | White-labeled updates, 24/7 portal | Payoneer-branded emails |
| Fee Splitting | Flexible fee coverage to drive adoption | No fee splitting, complex payee charges |
| Tax Compliance | KPMG-approved, global tax forms, 1099/1042 e-filing | Tax form collection; no KPMG approval |
| FX Solutions | Conversion visibility, hedging, and intercompany transfers | FX only, no hedging |
| Integrations | Prebuilt ERP connectors, deep PMS integrations, APIs | Basic PMS, no ERP integrations |
| Customer Support | 98% satisfaction, US phone support, fast responses | Slow support, long KYC |
| Self-Billing | Self-bill invoices | Not available |
| Multi–subsidiary support | Entity-specific tax compliance, REST APIs, dev hub, automation | Open APIs, embedded collections |
2) PayPal Payouts
PayPal has been a major player in the payment space since 2003. Its mass payables feature, called PayPal Payouts, allows businesses to make global mass payments.
When comparing the fee structures of PayPal and Payoneer, we can see that PayPal offers advantages, including a zero account fee, free payments to other PayPal accounts, and a maximum cap on fees for international transfers.
However, unlike Payoneer competitors like Tipalti, PayPal offers a limited number of currencies while lacking advanced reporting and reconciliation tools.
Strengths
- Available in over 156 countries and supports 23 currencies
- A payment gateway where mass payments are processed quickly
- Integration with e-commerce and other business software
- Dashboard to view transactions and mass payment history
Pricing
A PayPal account is always free. However, Payouts has a web rate of 2% (applicable to both domestic and international transactions) and an API rate of $0.25 per USD transaction. The API rate varies for other currencies.
If currency conversion is needed, Payouts applies a fee ranging from 3% to 4%, depending on the currency. These fees can add up if a company often deals with global payees.
3) Hyperwallet
Hyperwallet, a PayPal service, is a global payment platform designed to streamline mass payouts for businesses that need to pay multiple individuals worldwide. It supports payments in more than 200 countries and territories and offers flexible disbursement options such as bank transfers, PayPal, prepaid cards, and e-wallets.
The platform is ideal for businesses in the gig economy, marketplaces, or affiliate networks that require frequent or large-scale payouts. Hyperwallet offers robust features, including payment tracking, reporting, and compliance with local tax regulations, making it a strong choice for companies managing payouts at scale.
Hyperwallet Strengths
- Multi-currency support and payments to 200 countries in 150+ currencies
- Payout methods include bank transfers, prepaid cards, PayPal, eWallets, and even cash pick-up
- Compliance and tax reporting with KYC and AML checks
Pricing
Hyperwallet’s pricing will vary based on transaction volume, payment method, and currency conversion requirements.
Standard fees include transfer fees, which can range from $0 to $1 per transaction in some regions. Fees for currency exchange range from 2.5% to 3.5%, depending on the currency. In some cases, a setup or maintenance fee may be applicable.
Customer Rating
NA
4) Stripe Connect
Stripe Connect enables businesses to manage mass payments and multi-party transactions. It is specifically designed for marketplaces, platforms, and businesses with complex payment flows.
From direct payouts to bank accounts, debit cards, and wallets, Stripe Connect supports multiple payment methods.
While the platform has tools to manage compliance and tax reporting, only businesses based in the U.S. can make cross-border payments.
Another drawback is that the platform is developer-dependent, requiring technical expertise for full implementation.
Strengths
- An API-first approach allows for customized systems ideal for complex requirements
- Cross-border payouts to 117 countries in 135 currencies
- Compliance with KYC, AML, and tax reporting
- Flexible payout options, like instant payouts and debit cards
Pricing
Stripe Connect has two separate pricing plans. The module is free for businesses on the Standard plan who choose to let Stripe handle the pricing for users.
If businesses want to handle the pricing themselves, the monthly charges are $2
per active account. Additionally, a per-payout charge of 0.25% plus 25¢ applies.
Additional fees apply for features such as instant payouts, tax reporting, and paying with a Stripe balance.
Join the $60B+ in payouts powered by Tipalti
Tipalti powers over $60 billion in annual transactions across 200+ countries and 120 currencies. See how growing businesses automate payments, reduce costs, and stay compliant with Tipalti’s mass payments solution.
5) Trolley
Trolley (formerly Payment Rails) is a mass payment platform designed to send payments to freelancers, suppliers, creators, and partners worldwide.
The flexible platform provides tools for payment tracking, automated tax form generation, and compliance.
The developer-friendly API enables seamless integration with legacy systems, offering a customizable payout experience.
A major drawback of Trolley is that the payment speed is not on par with that of Payoneer alternatives, such as Tipalti or PayPal.
Strengths
- Supports payments to over 200 countries and 135 currencies with various payment methods
- Real-time payment tracking to monitor payment status and reduce inquiries
- Tax form collection and compliance support in the US and EU
- Integration with ERP and other business tools
Pricing
Trolley offers two plans —Standard and Trolley Plus.
Standard
- Pay (onboarding, domestic and international bank transfers): $49 per month
- Tax: $149 per month (Tax compliance in one jurisdiction only)
- Sync (Native integration with QuickBooks and Xero): $35 per month
Trolley Plus (custom pricing)
Trolley Plus includes everything in Standard in addition to:
- Transaction/FX volume discounting
- Revenue Stream (secondary revenue tools)
- Statement generation is included in the subscription
- Multiple tax jurisdictions: US + 27 EU member states
- Native NetSuite integration
- Near real-time refresh
The transaction fees vary by payment method; however, a 2% currency conversion fee applies to the transaction amount.
6) Wise (fka Transferwise)
Wise is one of the most affordable cross-border payment platforms, providing fast and transparent international money transfers. The system’s multi-currency accounts enable organizations to manage payments to freelancers and contractors in different countries.
As the platform uses the real exchange rate (mid-market rate), it avoids hidden markups that traditional financial institutions typically apply.
However, Wise offers limited support for certain currencies and imposes transfer limits in some countries.
Strengths
- Transparent pricing with low fees for international money transfers, showing exact rates
- Allows batch payments of up to 1,000 payouts in one transaction by uploading a CSV file or with API integration
- Multi-currency account to hold, convert, and manage funds in 50+ currencies
- Global reach with transfer to over 70 countries with local bank details
Pricing
Pricing is transparent and depends on the amount sent, the destination country, and the payment method used. Key pricing includes:
- Sending money: Free between Wise accounts. For payments in different currencies, the transfer fees start from 0.57%.
- Currency Conversion: Ranges from 0.35% to 1% of the amount exchanged.
- Receiving money: Domestic transfers are free, while getting account details to receive in 23 currencies costs $31 USD.
7) Skrill
Skrill is a payment gateway that facilitates online payments, money transfers, and international transactions. The system enables users to hold balances in multiple currencies and offers services like money transfers, prepaid cards, and cryptocurrency.
Skrill Business integrates with eCommerce platforms and shopping carts, offering the option to join a VIP program designed for businesses with a high volume of transactions.
However, Skrill’s currency conversion and withdrawal fees are higher than other Payoneer competitors listed here.
Strengths
- Facilitates global payouts in 40 currencies to over 200 countries
- Supports mass payments via API
- Advanced encryption and fraud prevention measures to secure transactions
- Prepaid MasterCard to spend funds directly from the Skrill wallet
Pricing
Pricing varies depending on the services. Key fees include:
- Monthly inactivity fee: $5 USD per month if the account is inactive for 12 months.
- Money Transfer Fees: Skrill Money Transfer is free in the US and in other countries. International transfers in the same currency incur a 4.99% fee. Sending money to another Skrill account is free in the US but attracts a fee in other countries.
- Currency Conversion: Skrill charges a currency conversion fee of 3.99% (above the mid-market rate).
- Deposit Fees: Depositing funds into a Skrill account incurs a 1% fee, depending on the method used.
- Withdrawal Fees: Varies based on the country and withdrawal method.
Customer Rating
Note: These are the ratings for Paysafe, the parent company of Skrill
8) Mangopay
Mangopay is a payment solution that offers features to manage payments, process transactions, and handle escrow services.
The platform supports various currencies, multiple payment methods (including credit cards, bank transfers, and e-wallets), and customizable workflows tailored to specific needs.
Some of Mangopay’s drawbacks include complex integration with APIs for high-degree customization and a relatively high currency conversion rate.
Strengths
- Multiple payment methods, including credit cards, bank transfers, and e-wallets, with multi-currency support
- Customizable B2B and B2C payment flows and the ability to split payments to multiple vendors
- AI-powered fraud detection, anti-money laundering (AML) checks, and Know Your Customer (KYC) regulation compliance
Pricing
Mangopay uses a tiered pricing model and also offers a usage-based pricing plan. To obtain a custom quote, please contact the sales team.
Choosing the Right Payoneer Alternative for Your Business Needs
When it comes to global mass payouts, finding the right platform that aligns with your business goals and budget is essential.
While Payoneer is a popular choice, alternatives like Tipalti offer unique features, such as comprehensive AP automation, built-in tax compliance, and robust fraud prevention.
While Payoneer offers an invoice builder tool to request payments, Tipalti goes beyond to automate the entire procure-to-pay flow by integrating expenses, cards, AP, and procurement with mass payments.
Join the Global Businesses Powering $60B+ in Payments with Tipalti
See why leading digital platforms, marketplaces, and global enterprises are choosing Tipalti as their Payoneer alternative.
