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Send payments to partners, freelancers, and vendors in 200+ countries—without the complexity.
Are you looking for alternatives to Payoneer? We compiled a comprehensive guide comparing key features, authorisation, and other considerations for viable solutions that can complement or substitute for Payoneer.
Key Features to Look for in a Mass Payout Solution
When evaluating alternatives, prioritising these features will help your UK business select a system built for high-volume, global workflows:
- Valid FCA authorisation (e.g., as an Authorised Payment Institution (API), Electronic Money Institution (EMI), or bank).
- Support for UK payment schemes like BACS, Direct Credit, and Faster Payments for payouts.
- Capabilities for both local GBP and international transactions.
- Easy bank account transfers (both receiving funds and paying out).
- Competitive Foreign Exchange (FX) rates, especially when converting to or from GBP.
- Seamless integrations with UK accounting software (e.g., Xero, Sage, QuickBooks) and ERP systems.
Payoneer’s Fee Changes in 2025 for UK Users: A Quick Recap
In a notable update to its pricing, Payoneer changed several key fees that users need to be aware of—moving away from a model where many network transfers were free.
Based on their 2025 fee update notification and standard pricing information, here are the key changes and costs for UK users:
1. Fees for Payoneer-to-Payoneer user payments
Cross-border transfers made from one Payoneer user to another now incur fees for UK users. International transfers in USD, EUR, or GBP will be charged either 3.00 USD, EUR, or GBP or 0.6% of the payment amount, whichever is higher. Domestic transfers in USD, EUR, or GBP will incur a fixed fee of $ 3.00, € 3.00, or £ 3.00, respectively. Previously, many of these in-network transfers were free.
2. Fees for receiving external payments
If clients pay you directly via other methods, fees apply, such as 1% for payments via local bank transfer or up to 3.99% for credit card payments.
3. Withdrawal fees
When moving funds from your Payoneer balance straight to an outside non-domestic bank account —either for withdrawal to your own account or to pay someone who is not a Payoneer customer—a fee of up to 3% applies. Domestic payments in GBP cost a flat fee of £1.50 (for monthly totals under £50,000).
4. Annual Account Fee
For less active accounts, an annual fee of $29.95 is charged if the account receives less than $2,000 USD (or equivalent) over a 12-month period.
As a hypothetical example, these fees can accumulate over time. For a solo freelancer or small firm, these fees can quickly add up. Someone making £ 30,000 yearly could see total fees approach over £ 1,200 — nearly 4% of their total income — in cases where their workflow involves a high volume of non-domestic currency transactions, withdrawals to non-domestic banks, and clients using card payments.
Top 8 Payoneer Alternatives for UK Businesses
Comparison of Top Payoneer Alternatives (UK)
| Provider | Global Reach | Payment Methods | Payee Management | Tax Compliance | Integrations | Multi-Entity & Controls | Best For |
|---|---|---|---|---|---|---|---|
| Payoneer | 190 countries, 70 currencies | Multiple options, including cards | Basic wallet with limited branding | Annual summary generation | Limited API, few ERP options | Requires separate accounts | UK freelancers, marketplace sellers |
| Tipalti | 200+ countries, 120 currencies | Multiple including cheques | Branded portal with validations | UK VAT ID & DAC7 validation | Extensive ERP and marketing tools | Comprehensive with centralised control, separate workflows | Mid-market to enterprise businesses |
| PayPal | Numerous global markets | Bank transfers, PayPal | PayPal-branded, no validations | Downloadable transaction history | Strong API, basic app sync | Requires separate accounts | PayPal ecosystem payments |
| Hyperwallet | 200+ countries, 50+ currencies | Multiple including PayPal | Portal or embedded experience | Payee data collection for reporting | API-focused | Can segregate “programs” | Gig economy platforms |
| Stripe | 40+ countries, 135+ currencies | Bank transfers & card payouts | Co-branded, requires dev resources | Collects VAT numbers during onboarding | Strong APIs, pay-in focus | Possible via API custom build | Developer-focused platforms |
| Trolley | Over 200 countries supported | Multiple including PayPal | Comprehensive payee management | Tax module for VAT/DAC7 (extra cost) | Basic ERP sync, good APIs | Requires separate accounts | Flexible global payouts |
| Wise | 160+ countries, 40+ currencies | Bank transfers | Multi-currency wallet | Provides transaction statements | Strong APIs, accounting sync | “Jars” for fund segregation only | Low-cost international transfers |
| Skrill | 180+ countries, 40+ currencies | Bank and wallet transfers | Hosted/API onboarding | Provides transaction history | Minimal integration | Requires separate accounts | Gaming, e-wallet users |
| Adyen | 150+ currencies, global reach | Bank transfers, cards | Basic onboarding options | Payee data for platform reporting | Strong APIs, pay-in focused | Supports multi-merchant accounts | Large multinationals |
A Closer Look at the Top Payoneer Competitors
1. Tipalti: Built for Scaling Global Payouts
Tipalti’s mass payments solution is engineered for high-growth UK businesses that need to automate their global payout operations. The platform extends beyond simple transactions to provide a holistic system for managing the entire payee lifecycle, from onboarding and compliance to payment execution and reconciliation.
You can pay partners in over 200 countries and territories globally, choosing from 120+ currencies and more than 50 payment methods, including BACS and Faster Payments for the UK.
Crucially, Tipalti offers a white-label, self-service portal where payees can onboard themselves and view their payment status at any time, which significantly reduces administrative queries for your finance team. Advanced functionality like automated tax compliance—with features to help validate UK VAT numbers and collect data for DAC7, and a robust developer API for seamless integration sets it apart for companies focused on scaling efficiently and securely.
- FCA Status: Tipalti Financial Ltd is authorised as an Electronic Money Institution (FRN: 942778).
- Best For: Mid-market to enterprise companies that need a scalable, compliant, and efficient solution for managing high-volume global mass payments to suppliers, creators, or affiliates.
Key Strengths
- Automated Mass Payments to over 200 countries in 120+ currencies with built-in compliance, flexible payout options, and real-time tracking.
- Comprehensive Payee Management via a self-service, branded portal that reduces friction and payment errors.
- Strong Financial Controls with automated invoice validation against over 26,000 rules, fraud detection, and multi-entity support.
- Global Tax Compliance Features to aid with UK VAT and international regulations like DAC7 and W-8/W-9 collection.
- AI-Powered Finance Assistant: Embedded AI agents help UK finance teams resolve invoice exceptions, answer vendor queries, and automate repetitive payout tasks — boosting productivity and accuracy.
- Automated Self-Billing for creator and affiliate payouts, where the payer needs to generate the invoice on the payee’s behalf, ensuring compliance with UK regulations.
- Powerful Integrations through a robust API and pre-built connections to key business systems.
Pricing
Platform fees for Mass Pay are quote-based. Request a quote for details.
Tipalti UK Customer Insights
With Tipalti, our royalty payments not only happen faster, but it has also helped reduce the pressure on our team and may have delayed or removed the need to increase headcount.
Dawn Dobson, CFO, Ninja Tune
Read the Ninja Tune customer story.
It took us four to six weeks of solid work to do all the statements and payments, whereas now, it’s 30 minutes of solid work. We were spending a long time trying to get royalty payments done, and now we’re ahead.
Shahid Khalid, Head of Finance, Spitfire Audio
Read the Spitfire Audio customer story.
Tipalti vs. Payoneer: Side-by-Side Comparison
| Feature | Tipalti | Payoneer |
|---|---|---|
| Payee Management | Branded portal with validations, proactive comms | Limited branding, basic wallet and user experience |
| Tax Compliance | UK VAT ID & DAC7 validation | Annual statement generation for tax reporting |
| Global Remittance | 200+ countries, 120 currencies, multiple methods | Payments to 190+ countries in 70+ currencies |
| FX Solutions | Complete FX management with hedging | Multi-currency funding, no hedging |
| Integrations | Extensive ERP and marketing connections | Limited API connectivity |
| Self-Billing | Fully automated invoice workflows | Not a built-in feature |
| Multi-Entity | Independent subsidiaries with custom workflows | Requires separate accounts for each company entity |
| Finance Automation | Complete back-office solution (AP, cards, expenses) | Cards and loans |
Tipalti: Trusted by Finance Leaders. Backed by Industry Awards.
Tipalti has been recognised by leading industry research platforms, including G2, GetApp, and Software Advice. It continues to deliver highly rated verdicts on TrusRadius for cross-border mass payments, and finance transformation—earning the continued trust of modern UK finance teams.
Automate mass payments to 200+ countries in 120 currencies with built-in compliance, flexible payout options, and real-time tracking.
How Other Payoneer Competitors Stack Up
2. PayPal Payouts
PayPal is a major player in the business-to-business (B2B) financial services space in the UK and globally. It’s often considered a leader, and for a good reason: PayPal accepts many major payment types online.
PayPal also has a mass payables feature called Payouts. You can make payouts globally in multiple currencies (including GBP) and numerous global markets. Recipients can sign up with a simple PayPal account.
When you pay internationally, PayPal Payouts automatically converts the payment (fees apply). You can review and track each PayPal Payout transaction from a single dashboard. Additionally, a business can view its entire mass payment history and download transaction details.
- FCA Status: PayPal UK Ltd is authorised as an Electronic Money Institution (FRN: 994790).
- Best For: Businesses making mass payments to individuals or small sellers who prefer receiving funds into a PayPal wallet.
Key Strengths
- A massive global user base makes it easy to pay many people.
- Simple process for sending bulk payments via API or file upload.
- Instantly delivering funds to recipients’ PayPal accounts.
Pricing
Setting up a business account is typically free of charge. PayPal Payouts involve a percentage-based or fixed fee per transaction, which varies depending on the location and currency. For example, international payments can incur fees of up to 2%. A currency conversion spread, often around 3%, is also applied when sending payments in a different currency.
3. Hyperwallet (A PayPal Service)
Hyperwallet serves as PayPal’s dedicated mass payout engine, tailored for businesses that need to pay large, dispersed groups of people with varied preferences. It is particularly popular with gig economy platforms, direct selling companies, and marketplaces.
The platform’s strength lies in its extensive range of payout methods—it goes beyond bank transfers to include PayPal, prepaid cards, and more, across over 200 territories and more than 50 currencies. This flexibility gives payees more choice in how they receive their money.
- FCA Status: Operates under PayPal UK Ltd’s authorisation (FRN: 994790).
- Best For: Large platforms and online marketplaces needing a highly flexible system that offers a diverse range of payout options to an international base of individual recipients.
Key Strengths
- An extensive choice of payout options for the payee.
- Excellent global reach, purpose-built for enterprise-scale mass payments.
- Features to support localised payee experiences.
Pricing
Hyperwallet’s pricing is bespoke and will vary based on transaction volume, payment methods chosen, payout destinations, and currency conversion requirements.
4. Stripe Connect
Stripe Connect is a comprehensive platform for managing mass payments and multi-party transactions. It is particularly suited for marketplaces, platforms, and businesses with complex payment flows that require splitting funds or facilitating payments between buyers and sellers.
Its primary function is to facilitate complex money flows, such as splitting payments between a platform and its sellers, or routing funds to multiple providers.
With its API-driven infrastructure, Stripe Connect allows companies to create fully customisable experiences.
- FCA Status: Stripe Payments UK Limited is authorised as an Electronic Money Institution (FRN: 900461).
- Best For: Businesses with unique payment needs, like ride-sharing services, crowdfunding platforms, and online marketplaces.
Key Strengths
- Powerful and flexible API for creating bespoke payment flows.
- Strong developer documentation and community support.
- Unified platform for both accepting payments and managing payouts
Pricing
Stripe Connect pricing is layered. Beyond standard card processing fees, fees apply for Connect features, varying by account type. Payouts to bank accounts also incur fees. Currency conversions typically add a 1-2% fee to the base exchange rate.
5. Trolley
Trolley (formerly Payment Rails) is a mass payment platform designed to efficiently send payments to freelancers, suppliers, creators, and partners worldwide from the UK. It supports payments in over 200 countries and 135+ currencies, with various payment methods, including local bank transfers (like BACS and Faster Payments in the UK), PayPal, and others, depending on the region. Trolley focuses on simplifying the payee experience with a supplier portal for onboarding and has optional add-on modules for tax compliance, covering US (W-8/W-9) and European rules.
- FCA Status: Trolley Payment UK Ltd. is authorised as an Authorised Payment Institution (FRN: 771016).
- Best For: SMEs and mid-market companies needing a structured mass payout platform with good global coverage and optional compliance tooling.
Key Strengths
- Extensive global reach with support for UK payment schemes like BACS/Faster Payments.
- Dedicated supplier widget for payee onboarding and management.
- Modular pricing that allows some flexibility to choose required features.
Pricing
A modular plan for UK businesses starts at £39/month for payouts with extra fees for additional modules like Tax (£119+/month) and Sync (£29+/month). A 2.0% FX markup applies to transactions, and domestic UK Faster Payments cost a fixed £1.00 per transaction.
6. Wise (fka Transferwise)
Wise is a cross-border payment platform that provides fast, low-cost, and transparent international money transfers to 160+ countries. Its multi-currency accounts enable UK businesses to hold and convert money in over 40+ currencies (including GBP, EUR, USD, etc.), making it useful for international organisations that manage global payments. For mass payouts, Wise offers batch payment functionality by uploading a spreadsheet (CSV file), allowing you to pay multiple recipients at once by uploading a file.
- FCA Status: Wise Payments Limited is authorised as an Electronic Money Institution (FRN: 900507).
- Best For: Freelancers, SMBs, and any business focusing primarily on reducing the cost of direct international bank transfers.
Key Strengths
- Highly competitive and transparent foreign exchange rates.
- Multi-currency accounts with local bank details for several major currencies (including GBP, EUR, USD), simplifying international receipts.
- User-friendly interface and a simple batch payment tool.
Pricing
Transfer fees are variable, starting from around 0.33%-0.40% of the transaction value, depending on the currency.
7. Skrill
Skrill is a payment gateway that facilitates online payments, money transfers, and international transactions. It is popular in the gaming and trading sectors but is also used more broadly. The company is part of the Paysafe Group.
It enables payouts in over 40 currencies across more than 180 countries. Skrill supports mass payments to thousands of recipients in a single batch file upload.
- FCA Status: Skrill Limited is authorised as an Electronic Money Institution (FRN: 900001).
- Best for: Companies operating in niche digital sectors, such as gaming, where the Skrill wallet is a popular payment method among their user base.
Key Strengths
- Fast transfers between Skrill wallets.
- Strong brand recognition in certain industries.
- Can handle mass payments in a single batch.
Pricing
Skrill’s pricing is transaction-based. Sending money internationally may incur percentage-based fees (e.g., up to 4.99%). A key cost is currency conversion, which typically carries a markup of 3.99%. Withdrawing funds from a Skrill wallet to a UK bank account costs around 1.75%.
8. Adyen
Adyen is another major global payment company that provides a unified platform for payment acceptance, processing, risk management, and payouts. It primarily serves large, often multinational, businesses. Its payout module enables companies to disburse funds globally to bank accounts, cards, and wallets.
Its payout capabilities (‘Adyen for Platforms’) allow marketplaces and other large businesses to disburse funds globally to subcontractors, sellers, or users. Much like Stripe, Adyen’s strength lies in its unified infrastructure and robust developer tools.
- FCA Status: Adyen N.V. (UK Branch) is authorised as a Bank, E-money institution, and payment service provider (FRN: 779800)
- Best For: Large, global enterprises seeking a single, integrated partner for both accepting payments (acquiring) and executing payouts on a massive scale.
Key Strengths
- A powerful, unified platform for acquiring and payouts.
- Extensive global reach with support for many local payment methods.
- Enterprise-grade security and robust APIs.
Pricing
Adyen uses a custom “Interchange++” pricing model. Payout fees are transaction-based and vary by method and region. A minimum monthly invoice often applies, making it best suited for high-volume businesses.
5 Signs You’ve Outgrown Your Mass Payout Tool
If these challenges sound familiar, you’re likely ready for a more advanced platform.
1. High Hidden FX and Transaction Fees
If you’re losing too much on currency conversion markups or finding it difficult to forecast costs, your payment tool is holding back your bottom line. Look for providers with transparent fees and more competitive foreign exchange (FX) rates.
2. Lacking a Robust Payee Experience
If you spend significant time answering payment status queries, your payees (freelancers, creators, affiliates) are feeling friction, too. A superior solution offers a self-service portal for payees to onboard, choose payment methods, and track payments independently.
3. Limited and Manual Integrations
When your team is stuck manually uploading spreadsheets and reconciling payment data between systems, payment errors increase, and your finance close slows down. Mature mass payment platforms offer powerful API capabilities and pre-built integrations with your performance marketing or other business systems to automate this work.
4. Weak Financial Controls and Compliance
As your business grows, so does the need for granular controls and audit-ready workflows. If your current tool lacks robust fraud detection, comprehensive payee validation, and automated tax compliance features (like collecting UK VAT IDs or supporting DAC7), you’re exposed to unnecessary risk.
5. Struggling with Multi-Entity Management
Managing payouts across multiple brands or subsidiaries from a single account creates a reconciliation nightmare. A scalable platform allows you to manage payables for each entity separately, with distinct branding and localised workflows, all from one central system.
Why Tipalti is the Preferred Alternative for Many Scaling Companies
While each alternative has its strengths, high-growth UK businesses may opt for Tipalti when they need a comprehensive solution that goes beyond just the payment transaction. Tipalti is built to automate the entire mass payout workflow, embedding compliance and control at every step.
Reduce administrative work by up to 80% with a self-service payee portal. Partners can onboard, choose payment methods, and get proactive payment status notifications, decreasing payment-related queries by over half.
From payee onboarding and tax compliance to multi-entity management and payment reconciliation, Tipalti automates the full operational workflow. It’s more than just sending money; it’s about managing your entire global payables operation from a single platform.
Advanced UK and Global Tax Compliance
Effortlessly manage tax requirements. The platform includes features to help with UK VAT number validation and streamlines data collection for international rules like the EU’s DAC7 directive, a critical need for modern platforms.
Deep Integrations and Powerful API
Tipaltí seamlessly integrates with performance marketing systems, accounting software, and major ERPs like NetSuite and Xero, ensuring your payment data flows automatically, reducing errors, and accelerating your financial close.
Tipalti provides an end-to-end platform to automate your entire mass payment operation. Strengthen financial controls, streamline global tax compliance, and give your payees a superior self-service experience, all while reducing manual work by up to 80%.
Ready to Switch from Payoneer? Scale Smarter with Tipalti
Automate payables and scale worldwide with Tipalti’s mass payments engine — built for compliance across 200+ countries and 120 currencies.
