We live in a shifting economy that relies on digital transactions to keep business in action. Increasing digital penetration has been accelerated by the 2020 pandemic and lockdowns. Now, 49% of users report buying more online in the past twelve months versus previously.
The preferred payment method of global online shoppers is typically eWallets, followed by credit cards, and then debit cards.
Payoneer is an ideal payment gateway, but there are a variety of alternatives that may suit your business better. Look for features that include:
Local and international transactions
Send/receive payments between bank accounts
Low conversion fees
Access to international networks and marketplaces
Feature Comparisons of the Top Payoneer Alternatives
Data tokenization and two-factor authentication.|
ACH, eCheck, CC, debit card, and prepaid debit card.|
Accounting and e-commerce.|
Encryption and POS verification.|
CC, debit card, mobile payments, digital wallet, and prepaid debit card.|
Accounting and e-commerce.|
Wise (formerly Transferwise)|
Two-factor authentication and dedicated fraud team.|
Credit card, debit card, wire transfer, or bank account ACH.|
Encryption and passkeys for safeguarding.|
Open API and other payment gateways like Stripe.|
PCI and SSAE16 SOC audit certified, AES encryption and white-listing.|
ACH, Global ACH, PayPal, wire transfer, prepaid debit card, check.|
Agnostic integration, plugins, and flat-file integration or APIs, accounting, ERP, and payments.|
Fraud protection, two-way authentication,and data tokenization.|
ACH, wire transfer, CC and prepaid debit card, eWallet.|
Money Services Business registered with the U.S. Dept of Treasury.|
ACH, wire transfers, and cash.|
Remitly App in Google Play or App Store. No integrations.|
24 Alternatives to Payoneer for Digital Payments
PayPal has become a major player in the P2P and B2B payment solutions in the financial services space since 2003. It’s clearly the leader of the pack — and for a good reason: PayPal accepts all major payment types from customers right on the spot.
Easily process payments securely and quickly with the Square Payments app. A business can accept all forms of payment, which include:
Tap, Dip, or Swipe
You can also build your own custom solution with an open API. There are no long-term contracts, extra fees, or surprises for business owners.
Money transfer service Wise (formerly Trasnferwise) offers consumer and business-facing banking solutions. The business platform allows you to make and receive payments, as well as easily manage cash flow. A Wise Business account also connects to QuickBooks.
4#) Google Pay
A fast and secure mobile payments app, Google Pay is a payment solution hosted by Google. All you need is a local bank account, credit card, or debit card.
Tipalti makes automating payables safer, faster, and more efficient. The end-to-end solution functions seamlessly in a unified cloud platform with built-in tax compliance.
The brand modernizes financial operations while providing an effective payment gateway to help your business thrive.
Power your entire partner payouts operations
Remitly is an international payments company that leverages mobile technology to transfer funds across the globe. The product is fundamentally faster and cheaper than most financial tools that cater to different countries.
Klarna is a solution that has all the popular payment methods to save a business both time and money. They have zero-fraud liability and offer customers options like:
PaySimple accepts debit cards, credit cards, and checks, and offers customers a variety of convenient payment methods. You can swipe it, set up recurring transactions, create web payment forms, send electronic invoices, and much more.
The Bolt brand is on a mission to perfect the checkout experience for all online retailers. The mobile-optimized solution is coupled with a unique approach to fraud detection that makes order approval faster and more reliable.
#11) Apple Pay
An easy payment platform that works with any Apple device, Apple Pay enables a business to make secure purchases in stores, apps, and on the web. Send and receive funds right in messenger and simplify the payment process.
PayOp is an online payment platform that allows a business to accept payments from all over the world. Available in over 170 countries, the system has the ability to process hundreds of currencies. Because of this, you can optimize payment rates, lower processing costs, and get rid of connected fees.
NETELLER allows online users to shop securely and safely anywhere in the United States. Access funds instantly with 100+ payment options and multiple currency accounts. A business can take advantage of some of the highest deposit acceptance rates on the market.
Hyperwallet is a global payments solution that provides a growing business with a frictionless and transparent payment experience. They are trusted by e-commerce and enterprise organizations alike and help to efficiently distribute funds within a singular payment platform.
Thryv is a simple software company that helps small businesses manage their time, get paid fast, and communicate effectively with clients. Thryv also offers unlimited, 24/7 support with your own business specialist.
Paysera is a cheap and safe way to perform payments and send/receive money online. You can make bank transfers quickly and easily to a variety of countries using a multi-currency account approach.
The Authroize.net platform allows merchants to accept and manage credit cards and check transactions via websites, call centers, retail stores, mail orders/telephone orders (MOTO), and mobile devices.
Organize and scale the payments process by confidently facilitating transactions with the Dwolla platform. The brand has direct access to the ACH network and a seamless API for open integration.
BlueSnap is an all-in-one payment platform designed to accelerate commerce for B2C and B2B businesses. With this system, you get everything you need to easily process payments, which includes a payment gateway solution, a merchant account, and advanced features to boot. It’s a simple all-in-one dashboard.
WorldFirst is an international payment solution for businesses. They offer two kinds of accounts, Business and World. A Business account is geared toward importers who make payments to international suppliers, while a World account is suited for e-commerce companies.
Stripe is a financial technology company that designs payment processing APIs for e-commerce. Its solutions accept over 135 payment methods and currencies. By integrating Stripe’s API, businesses can start taking payments directly on their website or app.
Adyen is a financial technology platform that offers a suite of products enabling businesses to accept payments online and in person. Additional solutions include connecting online and offline payment channels and embedded payments.
2Checkout’s payment processing solution allows businesses to take online and mobile payments in more than 200 countries. It also supports 100 currencies and nearly 30 languages. Verifone acquired 2Checkout in 2020.
Zen is a financial technology company that offers an online payment gateway and banking products such as a multi-currency account. It also has a partnership with Mastercard, which allows Zen customers to get a physical or digital card and receive instant payments.
13 Alternatives to Payoneer Mastercard
In addition to sending/receiving local and international funds, Payoneer can function as a debit and/or credit card. It’s a physical prepaid Mastercard that’s associated with any currency balance in a Payoneer account. The card can be used at an ATM, in stores, online, and anywhere Mastercard is accepted.
When it comes to issuing a prepaid card, there are several intelligent alternatives to the Payoneer platform.
When managing finances, NetSpend gives a business many options. They provide Visa and Mastercard prepaid debit cards with fast and guaranteed approval. There is no credit check necessary.
The NetSpend card must be purchased for a small fee that ranges between $2.95 and $4.95. The average cost of the reload fee is $3.95. Here’s more on NetSpend fees.
#2) American Express Serve
American Express Serve offers multiple options for a reloadable prepaid debit card. It’s built to suit a variety of needs for different users. The system provides online access and a mobile app to facilitate transactions.
The price of the card is always free. If a user deposits $500 or more a month, Amex will waive the $1/month fee.
#3) Bento for Business
Bento offers an employee expense management solution for small and medium businesses. The prepaid debit card can be used anywhere Mastercard is accepted, with built-in controls to set limit categories, card usage, and your daily budget.
Pricing for Bento is free for up to 2 cards. Additional Bento for Business prices include:
Starter (up to 10 cards) — $29/month
Team (up to 25 cards) — $69/month
Professional (up to 100 cards) — $149/month
Enterprise (over 100 cards) — custom pricing
#4) Walmart MoneyCard
The Walmart MoneyCard is a prepaid debit Mastercard or Visa that can be used in-store or online to pay for things like:
If you deposit $500 or more a month, the account is free. Otherwise, users pay a monthly service fee of $5.94. It also costs $1 to open an account.
#5) Green Dot
Green Dot is a trustworthy and reliable prepaid debit card service provider that enables people to obtain a card without a credit check. It’s one of the richest cards for mobile and online purchases, with 2% cashback and no limits.
The cost of a Green Dot card is free. If you load $1,000 or more every month, they will waive the monthly fee of $7.95. There is also a $5.95 cash reload fee, and a $3.00 fee per ATM withdrawal.
#6) PayPal PrePaid
PayPal PrePaid is a simple prepaid debit card that’s linked to your PayPal account. It enables a business to stock up, shop, and eat anywhere at any time without the need to carry cash.
The average cost of the prepaid PayPal Mastercard is $4.95/month. Other costs are associated with using the card, including ATM and bank fees. Additionally, a fee of up to $3.95 will apply when loading cash to your balance at supported stores.
Bluebird is a convenient, prepaid debit card that gives the user complete control without having to spend much.
The pricing for Bluebird is cheap. There is no monthly charge or activation fee. You only need to purchase the card itself, which can cost up to $5 in retail locations.
#8) MasterCard Prepaid and Digital Banking
Mastercard offers its customers a variety of prepaid and digital banking cards. You can obtain a prepaid card without a credit check or bank account. It’s also possible to get a Venmo or PayPal card and link them to your account. Fees range depending on the type of Mastercard you choose.
AccountNow is a prepaid Mastercard available for those seeking a more secure alternative to cash. They can be used for any in-store or online purchase of goods and services. You can also use these cards at an ATM for an additional fee.
The cost of AccountNow depends on the type of card you choose. Monthly fees and reloads will vary.
#10) ACE Elite
ACE Elite prepaid Visa cards are a convenient and secure way to manage finances. Money can be added through transfers and direct deposits. Other features include:
Card-to-card money transfer
The average cost of using an ACE Elite Visa card is $15/month. Pin purchase transactions cost $1.50, and ATM withdrawals are $2.50 each.
The Revolut card is available as part of 4 plans: Free, Grow ($39.99/month), Scale ($149.99/month), and Enterprise (custom pricing). You can exchange and hold funds in 28 currencies. Transfers between Revolut customers are instant.
#12) Apple Card
Apple’s titanium credit card comes with zero fees and allows customers to earn real cash when they shop using their Apple card. Designed without numbers, the card relies on biometric data (Face ID and Touch ID) to protect users from fraud. The card also integrates with the Wallet app, where you can see an overview of your transaction history.
#13) ZEN Mastercard
The Zen Mastercard is a good solution for business owners who already use its online payment gateway. It can connect to Apple Pay and Google Pay, and it rewards you with a cashback of up to 15% when you shop with Zen partners. Zen also won’t charge you any fees.
Digital transactions make the world go round. When it comes to automating the AP process and making mass payments, there are hundreds of brands to choose from. This is just a short list to get your wheels turning. If you’re looking to gain greater financial control in the process, read more in our ebook: Avoiding the Risks of Financial Fraud.