Payoneer vs PayPal: Mass Payments Solution Comparison

You can bill clients, request payments worldwide, and offer multiple simple and secure online payment options. Customers can pay via credit card, ACH direct deposit, or Payoneer account. 

A business can receive payments in multiple currencies from top marketplaces like iStock, Airbnb, Fiverr, Upwork, and more. 

You can also withdraw money from any ATM in the world.  

You can pay other vendors, freelancers, contractors, etc., using ACH bank debit, credit card, or a local bank transfer. You can also pay people per project or on a monthly, recurring basis (i.e., subscription).

Payoneer enables businesses to pay EU and UK VAT from their accounts at no additional cost, eliminating costly conversion and transfer fees.

Companies can open a Payoneer account in the local currency in the United States, Europe, the UK, and more.

What is a Payoneer account? It allows you to easily receive funds, pay suppliers or freelancers, and withdraw them to your business bank account.

You can also manage all the currencies you need with a multi-currency conversion service.

If you are a seller on the Payoneer platform, you can receive a merchant cash advance of up to $750,000 through Amazon and Walmart. 

The program is called Capital Advance and is available at three levels, each featuring larger amounts, longer settlement periods, and more offers.

Payoneer integrates with a variety of accounting platforms, eCommerce marketplaces, and API integrations, including:

• BigCommerce
• Shopify
• Sage
• QuickBooks
• Xero
• Magneto

Some of the common Payoneer fees include:

• Transaction fee
• Annual account maintenance fee 
• Currency conversion fees  
• Withdrawal fees 
• Card activation and replacement fees
• Inactivity fees 

The total cost you’ll incur will vary depending on factors like your account type, transaction volume, and specific services used. 

While these rates were competitive compared to Payoneer alternatives, the platform introduced new fees in 2025 that raise questions about its cost-effectiveness.

The annual account fee for Payoneer is $29.95, but that is only charged after 12 months of inactivity. So, unless you have multiple accounts, most businesses will not have to worry about this.

A company can send payment requests to clients with the option to pay via credit card, Payoneer balance, and ACH bank debit (the US only). They can also pay via local bank transfer into your receiving accounts.

• Credit card fees: 3.99% (+ a fixed fee of $ 0.49 in some countries)  
• ACH bank debit: 1% ACH Bank Debits (US only)
• PayPal: 3.99% +$0.49 (US only)

If both users have a Payoneer account, transfers are free for select currencies, including EUR, USD, GBP, and more. They are also free if you are using your receiving account through Payoneer for select currencies.

Paying suppliers or freelancers directly from your Payoneer balance to their bank account via bank transfer can cost up to 3%.

For payments in USD, GBP, and EUR between Payoneer accounts in the same country, Payoneer now charges 4.00 USD/EUR/GBP per transaction.

Following the 2025 Payoneer pricing update, payments to Payoneer accounts in a different country incur a fee of 1%, with a minimum fee of up to 4.00 USD/GBP/EUR.

A fixed fee of $1.50 also applies when you use a USD, EUR, or GBP balance to make a payment to a bank account that is:

• In the same currency  
• In a country where the payment currency is the local currency
• In the same country as your Payoneer profile

Payoneer customers can make cross-border batch payments to 150 bank accounts at once. Businesses in the US can also make up to 1000 payments at once from their Payoneer balance.

The platform adds a currency conversion charge of 3.5% for international card transactions. If you use Mastercard in a non-listed currency, you are subject to Mastercard’s exchange rates.

In addition, Payoneer may offer fee waivers or discounts for certain users or transactions. 

For the most accurate and personalized Payoneer fee data, review their fee schedule or contact customer support.

Payoneer is a global money transfer service that transcends borders. Your Payoneer account operates just like a traditional bank account.  

The “Make a Payment” service allows companies to pay contractors, freelancers, suppliers, and team members quickly. Businesses can distribute funds directly from their Payoneer account to the professionals selected. 

With the recent update to Payoneer’s transaction fees, transactions between Payoneer accounts are no longer free (See the table above in the section “Recent Payoneer Fee Increases in 2025” to know the latest pricing).

The prepaid Mastercard can be used as a debit card for any type of transaction, including e-commerce. Payments are sent to the Payoneer Mastercard, rather than going into your online account (and then transferring to a local bank account). 

This means less hassle if you need to acquire funds quickly. The card can be used at any ATM worldwide with a maximum daily withdrawal limit of $5,000. 

Transactions in the same currency as your card are free for supported currencies of USD, EUR, GBP, and CAD. 

Payoneer will charge 3.5% of the amount for transactions that involve currency conversion and a cross-border fee of 1.8% when the merchant country is different from the card-issuing country.

In addition, Payoneer Mastercard has an annual fee of $29.99.

Payoneer has a help desk with a customer support system and a collection of resources to build your knowledge base. The company has offices in multiple countries and is available via email, phone, and live chat.

PayPal Checkout enables a business to accept a range of payment types. Customers can use a single solution to pay on your site or in a mobile app (iPhone and Android). 

The system will intelligently present customers with the most relevant payment type, including credit/debit card, another PayPal account, or installments through PayPal Credit.

A brand can use PayPal Invoicing to send custom invoices to clients for free. The documents are tracked in the system, which alerts you when an invoice has been paid. 

Companies can also give customers a repeat way of checking out through recurring payment options (i.e., subscriptions). 

Learn more about PayPal international fees for receiving a payment.

A business can pay contractors, vendors, freelancers, and other entities directly from its PayPal account.  

The PayPal Business Debit Mastercard allows you to use a PayPal account anywhere Mastercard is a payment method, without an annual fee or a credit check. 

PayPal Payouts allows users to send mass payments worldwide. The platform supports payouts in 100 countries and 23 different currencies, making PayPal mass payments a highly useful feature.

PayPal has one of the largest payment datasets to help a business connect with qualified customers across the globe. 

Rather than wait a day or two, the “Instant Transfer” feature allows you to move funds to an eligible bank account or debit card immediately for a small fee.

Fraud detection tools use machine learning to grow smarter with each transaction you make, protecting your account from existing and evolving threats.

The platform promotes chargeback protection by assuming liability for all eligible debit and credit card transactions. In case of a fraudulent transaction, PayPal reimburses the chargeback fee and the purchase amount.

Businesses can manage their funds by leveraging in-depth reporting, analytics, shipping, cash management tools, and more.

The PayPal Business Loan is a fixed-term loan that’s based on the full picture of your business. 

Check your eligibility in minutes, and if approved, funds can be deposited as quickly as the next business day. There are no late, processing, or early repayment fees.

PayPal also has plans to boost nonprofit fundraising. They can help you find the best way to connect with donors, anywhere, at any time.

Although PayPal is incredibly open about its fees, expect to find pages and pages to sift through. Much like a credit card company, transparency can drown in an overload of data.

PayPal does not charge a monthly fee to keep an account open. Unlike Payoneer, you can have a $0 balance for a year straight, and the platform will not close your account. 

There is no minimum balance required. If someone uses PayPal to send money to your account, there is no fee associated with that. 

However, transaction fees for PayPal can vary depending on:

• Country
• The payment method ( bank account, PayPal balance, credit, or debit card)
• Domestic or international transfers

The standard rate for receiving domestic transactions through PayPal is 3.49% + fixed fee. The PayPal Here solution is great for a business to get paid while on the go, or to bring the checkout experience directly to the customer.

When it comes to accepting payments, here are some rates to consider:

• Standard credit and debit card: 2.29% + fixed fee
• QR code Transactions: 2.29% + fixed fee
• Pay by Venmo: 3.49% + fixed fee
• PayPal Checkout: 3.49% + fixed fee
• International payments: 1.50% + domestic transaction fee

Sending payments from your PayPal account (or attached bank account) costs nothing, and the fee is always waived. However, a 2.90% fee is charged for card transactions.

PayPal international transaction fees also include currency conversion fees. Using PayPal Payouts (Web) for international transactions costs 2% of the total transaction amount. If using PayPal API, the rate is $0.25 per USD transaction. The API rate varies for other currencies.

This is not to exceed the maximum fee cap, ranging from $1-$20 in the United States.

PayPal’s conversion rates are mostly 4% (with rare instances of 3%). This includes paying for goods/services in a currency other than what is listed. 

Anyone can send money through PayPal, even if they don’t have an account. There’s no need to share bank information just to send money, although in some cases, there is a daily PayPal limit.

It’s always free to make a transfer as well. It can be done in these easy steps:

1. Enter the seller’s email address
2. Enter the amount
3. Type in your payment data
4. Click “Transfer”

It is easy to keep track of transactions in “account activity” in your PayPal account. This makes it much easier when it’s time for taxes.

The PayPal Cash Card gives a business the ability to shop online or in-store everywhere Mastercard is accepted. You can tap, insert, or swipe that card as a safer way to shop. 

You can also withdraw cash worldwide from thousands of fee-free ATMs. The card has no monthly fee to retain and no minimum balance.  

PayPal has $400 withdrawal limit in the United States in addition to transaction limits for unverified accounts. 

This limit can be lifted by following these steps:

1. Verify your bank account.
2. Link and confirm your credit/debit card information.
3. Provide your social security number.

Does PayPal charge a fee? Learn more about PayPal Fees.

PayPal offers support via calls, live chat, or text. However, they mostly rely on the help center and pre-written resources to guide customers. The dedicated Resolution Center helps businesses resolve transaction and account issues. 

The Community and Message Centers help users find answers and join the conversation. You can view, send, and receive all communications in the PayPal Message Center to keep track of ongoing issues. 

In the Dispute Management Center, buyers and sellers can resolve unavoidable disputes and settle all transactions from the account dashboard.

Most of the PayPal support system is automated, and the brand pushes toward self-help.

Payoneer supports more currencies and markets, especially in regions where PayPal may not be available or is limited. This makes it ideal for freelancer platforms, affiliate payouts, and global supplier payments.

Payoneer Mastercard has a daily spend limit of $200,000 USD with no monthly cap. Businesses can use the cards to make fee-free purchases in USD, EUR, GBP, and CAD or withdraw from any ATM.

Payoneer is user-friendly and has a simpler fee structure compared to PayPal’s complex pricing.

PayPal is more cost-effective for startups or small companies with fewer monthly payments. This is especially the case if most transactions are domestic.

PayPal has instant transfers and typically processes payments in 1 business day. This can be critical for businesses that need quick access to cash. You can also get an instant transfer for a small fee.

The system offers robust dispute resolution tools and chargeback protection. This makes it a safer choice for e-commerce companies and anyone selling goods or services online.