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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.
Why Look for Payoneer Alternatives
When your business is scaling up, look beyond Payoneer for international payouts. This is due to improvements in total transaction costs, currency conversion markups, and withdrawal fees.
Payoneer supports GBP and UK bank transfers, but your business may need deeper integration with domestic UK payment schemes or more streamlined transfers.
Payoneer’s standard accounting software integrations can also seem limited compared to platforms with more advanced APIs or ERP links for full automation.
Subsequently, as a business grows, Payoneer’s offerings may not meet all its needs for sophisticated workflows, fraud controls, and comprehensive tax compliance. Additionally, restrictions and recipient fees could be another reason to consider alternatives that provide a smoother payee experience.
Key Features to Look for in a UK Mass Payout Solution
1. Regulatory Compliance:
Valid FCA authorisation (e.g., Authorised Payment Institution, Electronic Money Institution, or bank).
2. UK Payment Scheme Support:
Support for BACS Direct Credit and Faster Payments.
3. Transaction Capabilities:
Ability to send and receive both local GBP and international payments.
4. Bank Transfer Functionality:
Easy transfers to and from UK bank accounts.
5. Competitive FX Rates:
Transparent and competitive rates for GBP and foreign currency conversions.
6. Software & ERP Integrations:
Seamless compatibility with UK accounting tools (e.g., Xero, Sage, QuickBooks) and ERP systems.
Top 8 Payoneer Alternatives for UK Businesses
Compare Top Payoneer Alternatives
| Software | FCA Authorised | Key UK Payment Methods | Global Reach and Currencies | UK Tax Compliance Features | ERP/Accounting Integration | Best For |
|---|---|---|---|---|---|---|
| Tipalti | Yes (EMI) | BACS, Faster Payments, wire, PayPal, cheque | 200+ countries, 120+ currencies | Strong: UK VAT ID validation, features to support MTD for VAT, global tax engine for supplier compliance. | Deep and Broad: Native integrations with NetSuite, Sage Intacct, QuickBooks, Xero, API, etc. | Mid-market to enterprise UK businesses needing end-to-end, scalable, and compliant global mass payout automation. |
| PayPal Payouts | Yes (EMI via PayPal UK) | Faster Payments (often), bank transfer, PayPal | 150+ global markets, multiple currencies incl. GBP | Basic: Provides transaction data for VAT records; not focused on specific VAT compliance tools for payouts. | Good: e-commerce (Shopify, etc.); Accounting (Xero, QuickBooks often via basic sync or app). | UK businesses paying many recipients within the PayPal ecosystem, e-commerce sellers, and simpler B2C payouts. |
| Hyperwallet | Yes (via PayPal UK’s EMI authorisation) | BACS, Faster Payments, bank transfer, PayPal | 200+ territories, 150+ currencies | Moderate: Tools for payee tax information collection (e.g., W-8/W-9, VAT IDs); provides data for VAT reporting. | API-centric: integrations with PayPal, Braintree; some specific platform integrations. | Gig economy platforms, marketplaces, and businesses needing diverse global payout options to individuals. |
| Stripe Connect | Yes (EMI) | Bank transfer (incl. Faster Payments/BACS) | 47 countries supported, 135+ currencies | Basic: Payouts: primarily transaction data. (Stripe Tax is for sales VAT). Can collect VAT IDs as part of KYC. | Strong API: ERPs (Oracle, SAP via custom/partner), Accounting (Xero, QuickBooks), E-commerce. | UK platforms and marketplaces needing highly customisable, developer-friendly embedded payout solutions. |
| Trolley | Yes (API) | BACS, Faster Payments, bank transfer, PayPal | 215+ countries, 135+ currencies | Good: Collects VAT IDs with some validation; provides data to assist MTD for VAT and other tax reporting. | Good: QuickBooks, Xero, NetSuite (newer); Zapier, API. | UK businesses needing flexible global payouts with supplier onboarding, tax form collection, and good reach. |
| Wise (fka TransferWise) | Yes (EMI) | Faster Payments, BACS, bank transfer | Payouts to 160+ countries, hold 40+ currencies (incl. GBP) | Basic: Provides detailed transaction reports useful for accounting and VAT records; no specific VAT validation tools for payouts. | Good: Xero, QuickBooks, Open API. | UK businesses of all sizes prioritising low-cost, transparent FX for international bank-to-bank payments. |
| Skrill | Yes (EMI) | Bank transfer, Skrill wallet | 180+ countries, 40+ currencies | Basic: Provides transaction data for VAT records; not known for specific VAT compliance tools for payouts. | Basic: E-commerce platforms (Shopify, etc.); some accounting apps (often basic or via third-party). | UK businesses in gaming, trading, or with a user base preferring Skrill e-wallets, simpler global transfers. |
| Adyen | Yes (Bank/EMI – UK Branch) | Bank transfer (likely Faster Payments/BACS), card payouts | Global reach, multiple currencies | Basic: Provides transaction data for VAT reporting. (May offer additional tax solutions separately). | API-centric: Major ERPs (SAP, Oracle), e-commerce platforms. | Large multinational enterprises seeking a single, integrated platform for global acquiring and payouts. |
1) Tipalti
Tipalti helps automate payables, making processes safer, faster, and more efficient. The end-to-end mass payable solution functions seamlessly in a unified cloud platform with built-in tax compliance features like VAT ID validation for UK/EU businesses.
The mass payables platform allows you to secure reimbursements to 200+ countries and regions, in more than 120 currencies (using 50+ global payment methods), including options like BACS and Faster Payments.
From virtual payment services to end-to-end AP automation and digital marketplaces, Tipalti is a robust solution that delivers a configurable, white-label experience worldwide. They also have a UK office in London.
FCA Status: Tipalti Financial Services UK Limited is authorised as an Electronic Money Institution (FRN: 942778).
Pricing
- Platform fee: typically involves a monthly platform fee based on the chosen module (e.g., AP Automation, Mass Pay) starting from £99 per month.
- Transaction fees: vary depending on payment method (e.g., BACS, Faster Payments, international wire), destination country, and volume.
Strengths
- Global mass payments effectiveness and strong controls aiming to reduce fraudulent payment risk.
- Provides a comprehensive view of the Accounts Payable (AP) process.
- Reduces payment error rates by scrubbing payment data against thousands of rules.
- Automates financial processes to streamline operations, potentially saving significant time.
- Self-service supplier onboarding and features assisting tax compliance with various features, such as VAT number identification.
- Supports BACS and Faster Payments for UK payouts.
Customer Rating
G2: 4.5/5
Trust Radius: 8.2/10
TrustPilot: 3.6/5
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Automate mass payments to 200+ countries in 120 currencies with built-in compliance, flexible payout options, and real-time tracking.
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).
Pricing
- A standard PayPal business account is typically free to set up.
- PayPal Payouts fees: involve a percentage fee per payout (e.g., potentially up to 2% for some cross-border payouts) or a fixed fee, depending on recipient location and currency. Domestic GBP payouts via Payouts may have different, potentially fixed, fees. Check PayPal UK’s current fee structure, which is subject to change. Fees are often capped per transaction.
- Currency conversion: when conversion is needed (e.g., paying EUR from your GBP balance), a currency conversion spread applies on top of the wholesale exchange rate, which can be significant (historically around 3-4% above the base rate).
Strengths
- Available globally and supports many different currencies, including GBP.
- A payment gateway where mass payments can often be processed quickly (especially to other PayPal accounts).
- Ability to send multiple payments in bulk via file upload or API, saving time.
- Widely recognised and used by freelancers, contractors, and small businesses.
Customer Rating
G2: 4.4/5
Trust Radius: 8/10
TrustPilot: n/a
3) Hyperwallet (A PayPal Service)
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 across 200+ countries and territories and offers flexible disbursement options like bank transfers (including BACS/Faster Payments in the UK), PayPal, prepaid cards, and eWallets.
The platform is ideal for businesses in the gig economy, marketplaces, or affiliate networks that require frequent or large-scale payouts. Hyperwallet provides robust features like payment tracking, reporting, and tools to assist with compliance and local regulations, making it a strong choice for companies managing payouts at scale.
FCA Status: Operates under PayPal UK Ltd’s authorisation (FRN: 994790).
Pricing
- Hyperwallet’s pricing is bespoke and will vary based on transaction volume, payment methods chosen, payout destinations, and currency conversion requirements.
- Expect potential per-transaction fees (domestic and international), account fees, and currency conversion markups. Request a quote.
Strengths
- Extensive global reach and multi-currency support.
- A variety of payout methods, including UK BACS, Faster Payments, PayPal, and more.
- Designed for complex payout scenarios (marketplaces, gig economy).
- Features supporting compliance and tax reporting requirements.
Customer Rating
G2: n/a
Trust Radius: n/a
TrustPilot: 1.4/4
4) Stripe Connect
Stripe Connect is a powerful 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.
The solution offers a range of payment options, including direct payouts to bank accounts in numerous countries and debit cards in many currencies. In the UK, it supports payouts via bank transfer. It also provides tools to help manage compliance issues like identity verification (KYC), tax reporting (e.g., generating 1099s in the US), and meeting anti-money laundering (AML) requirements.
With its API-driven infrastructure, Stripe Connect allows companies to create fully customisable experiences. It is best for businesses with unique payment needs, such as ride-sharing services, crowdfunding platforms, and online marketplaces.
FCA Status: Stripe Payments UK Limited is authorised as an Electronic Money Institution (FRN: 900461).
Pricing
- Standard card processing: 1.5% + 20p for standard UK cards, 2.5% + 20p for EEA cards as of early 2025, check current Stripe UK pricing; additional fees may apply.
- Connect platform fees: additional fees apply for Connect features (e.g., per-account fees, activity fees). These depend on the type of Connect account (Standard, Express, Custom).
- Payout fees: for sending payouts to the connected bank accounts or debit cards.
- Currency conversion: a fee (often around 1 – 2 %) is added to the base exchange rate when dealing with global transactions or multi-currency processing.
- Additional services like Radar (fraud protection) or identity verification may incur extra costs.
Strengths
- API-first approach allows for highly customised systems ideal for complex requirements.
- Robust platform handling payments in numerous currencies and compliance support
- Flexible payout options, integrated within the Stripe ecosystem.
- Strong developer community and documentation.
Customer Rating
G2: 4.4/5
Trust Radius: n/a
TrustPilot: n/a
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.
The flexible platform provides tools for payment tracking, automated tax form collection (e.g., W-8BEN for overseas, and comprehensive compliance features like Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. It offers a developer-friendly API that allows for integration with existing systems, providing a customisable payout experience.
FCA Status: Trolley Payment UK Ltd. is authorised as an Authorised Payment Institution (FRN: 771016).
Pricing
- Trolley pay starts at £39 for UK businesses. It has two tiers: Standard (modular, pay-as-you-go modules) and Trolley Plus (bundled, enhanced features). Both have monthly subscriptions plus per-transaction fees.
- Standard Plan:
- Modules: select needed features: Pay (£39+/mo for payouts), Tax (£119+/mo for US/EU compliance, extra fee per tax form), Sync (£29+/mo for QBO/Xero/Zapier), Trust (£39+/mo for ID checks, extra fee per scan after 10 free).
- Best for: businesses needing specific functions or starting out.
- Trolley Plus Plan:
- Features: includes Standard features plus multi-jurisdiction tax (US+EU, forms included), NetSuite integration, volume discounts, and dedicated support.
- Pricing: custom – requires contacting sales.
- Best for: larger businesses, higher volumes, NetSuite users, complex needs.
- Key Transaction Fees (GBP, apply to both):
- FX Markup: 2.00%
- UK Faster Payments: £1.00
Strengths
- Modular pricing (Standard plan) allows tailoring to specific needs.
- Supports payments to a vast number of countries and currencies with various payment methods, including UK BACS/Faster Payments.
- Customisable API makes it a developer-friendly platform for tailored workflows.
- Real-time payment tracking to monitor payment status and reduce queries.
- Strong focus on compliance and supplier onboarding.
Customer Rating
G2: 4.7/5
Trust Radius: n/a
TrustPilot: 2/5
6) Wise (fka Transferwise)
Wise is a cross-border payment platform that provides fast, low-cost, and transparent international money transfers. 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.
Wise Business is a custom feature designed for companies to make international payments, manage multiple currencies, and pay freelancers, contractors, or suppliers from the UK. The platform uses the mid-market exchange rate (with a transparent fee added). This differentiates it from traditional financial institutions that typically apply less transparent markups on currency conversions.
Wise offers mass payments through two main features:
- Batch payments: allow businesses to make multiple payouts in one transaction by uploading a spreadsheet (CSV file). It simplifies the process of sending multiple payments simultaneously, whether domestic (using Faster Payments in the UK) or international.
- Wise API: enables the automation of various payment types, including batch payments, invoice payments, and recurring transfers.
FCA Status: Wise Payments Limited is authorised as an Electronic Money Institution (FRN: 900507).
Pricing
- Pricing is transparent and depends on the amount sent, the destination country, the currencies involved, and the payment method used.
- Currency conversion: Wise charges a variable fee (starting from around 0.40% for major currencies) on top of the mid-market exchange rate.
- Transfer fees: a small fixed fee might apply depending on the currency. Costs are typically very low (or even free) for GBP to GBP payouts via Faster Payments. Check the Wise UK pricing calculator for specifics.
Strengths
- Transparent pricing with generally low fees for international money transfers, showing exact rates and fees upfront.
- Multi-currency account to hold, convert, and manage funds in 40+ currencies with local bank details for several major currencies (including GBP, EUR, USD).
- Global reach with transfers to many countries, often using local payment networks like Faster Payments in the UK.
- User-friendly interface and API.
Customer Rating
G2: 3.9/5
Trust Radius: 9.3/10
TrustPilot: 4.3/5
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.
The system enables users to hold balances in multiple currencies and offers services like money transfers, prepaid cards (availability may vary), and cryptocurrency transactions.
Skrill Business caters to global organisations, easily accepting payments and making cross-border payouts. The system supports 40+ currencies and offers payment processing solutions, fraud management tools, and integrations primarily focused on e-commerce platforms. For mass payouts, Skrill offers solutions often utilised for affiliate or partner commissions, typically to other Skrill wallets.
FCA Status: Skrill Limited is authorised as an Electronic Money Institution (FRN: 900001).
Pricing
Skrill pricing primarily revolves around transaction fees rather than distinct monthly plans for basic usage. Business accounts may have tailored fee structures.
- Currency conversion: is a key cost. Skrill typically adds a significant percentage markup to the wholesale exchange rate (typically 3.99%).
- Sending money:
- Skrill Wallet to Skrill Wallet: often free.
- Skrill Money Transfer (International): fees can apply, sometimes percentage-based (e.g., potentially up to 4.99% for some transfers, variable depending on destination/method).
- Receiving money: generally free for standard transfers into a Skrill account.
- Withdrawing funds: fees apply to withdraw money from Skrill to a UK bank account, typically 1.75%.
- Depositing funds: funding a Skrill account might incur fees depending on the method used (e.g., bank transfers are often free, card deposits might have a small percentage fee).
- Account fees: an inactivity fee (e.g., around £5 / €5 per month) may apply if the account isn’t used for a set period (e.g., 6 months).
Pricing can vary based on transaction volumes and business type. Larger businesses may negotiate rates.
Strengths
- Supports many currencies and is available widely.
- Advanced security and fraud prevention measures.
- Offers a digital wallet popular with some user groups.
- Can be integrated for both payment acceptance and payouts.
Customer Rating
G2: 4.3/5
Trust Radius: 7.5/10
TrustPilot: 2.4/5
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.
Adyen is commonly used by platforms, marketplaces, and large retailers to manage payouts to sellers, affiliates, or customers (e.g., refunds and winnings). Like Checkout.com, Adyen’s strength lies in its integrated platform, which allows businesses to manage the full payment lifecycle through a single integration, typically via API.
FCA Status: Adyen N.V. (UK Branch) is authorised as a Bank, E-money institution, and payment service provider (FRN: 779800)
Pricing
Adyen uses an “Interchange++” pricing model with transparent fees per transaction. There are typically no setup or monthly fees, but a minimum monthly invoice applies.
- Payout fees are transaction-based and vary depending on the payment method and region. For example, UK Faster Payments might have a specific fixed fee.
- Monthly minimum invoice amounts may apply.
- Currency conversion fees may apply.
- Exact fees depend on payment method, location, and volume.
Strengths
- Single platform for global acquiring, processing, and payouts.
- Extensive global reach and support for numerous local payment methods (for acceptance and potentially payouts).
- Robust API and comprehensive features for large enterprises.
- UK banking licence.
Customer Rating
- G2: 3.4/5
- Trust Radius: 8.5/10
- TrustPilot: 1.4/5
Summing up: Top alternatives to Payoneer
Here are the top alternatives to Payoneer:
- Tipalti: best for mid-market to enterprise businesses needing end-to-end global payables automation, strong financial controls, and compliance.
- Wise (formerly TransferWise): excellent for businesses prioritising transparent, low-cost international transfers with mid-market exchange rates.
- PayPal Payouts: suitable for businesses needing to pay a large number of recipients who are comfortable using the PayPal ecosystem.
- Stripe Connect: strong option for platforms and marketplaces needing to facilitate payouts to sellers or service providers, with a developer-first approach.
- Trolley: geared towards businesses needing a flexible payout platform with good global reach and tax compliance features.
Key Considerations for UK Businesses
- Check FCA authorisation: always verify a provider’s current status on the FCA Register (register.fca.org.uk) before engaging. Understand whether they are a Payment Institution or an E-Money Institution.
- Verify UK payment scheme support: confirm explicitly if the provider supports BACS Direct Credit (cost-effective, non-urgent bulk payments) and Faster Payments (near real-time individual or bulk payments) for your specific needs.
- Understand all fees: look beyond headline rates. Consider transaction fees (domestic vs. international), account fees, FX markups/fees, and potential fees for recipients. Request a detailed GBP fee schedule.
- Assess FX rates: when making international payments, and compare the provider’s exchange rate margin against the mid-market rate. Small differences add up when dealing with large volumes.
- Integration needs: how easily does the platform integrate with your existing UK accounting software (e.g., Xero, QuickBooks, Sage) or ERP system? Is API access required, and do you have the resources?
- VAT on fees: clarify how Value Added Tax (VAT) applies to the provider’s service fees charged to your UK business.
Final Thoughts: Why Growing UK Companies Choose Tipalti Over Payoneer
Selecting the right Payoneer alternative depends on assessing your specific UK mass payout needs. This includes requirements like:
- Payment volume and frequency
- Domestic vs international transfers
- Fair FX rates
- Key integrations and long-term scalability
While Wise offers transparent FX for simple transfers and PayPal has a global influence, high-growth UK firms still choose Tipalti. That’s because the system provides a comprehensive suite of solutions, including end-to-end AP automation, supplier onboarding, payment reconciliation, multi-entity support, and robust financial controls for global payouts.
| Tipalti Capabilities | Tipalti Value |
|---|---|
| Global AP Automation | Pays to 200+ countries and territories, in 120 currencies, using 50+ methods. |
| Multi-Entity | Offers total transparency and visibility with a complete separation of workflows. |
| Tax Compliance | Global tax compliance with 62-country validation capabilities and over 3,000 rules. |
| ERP Integration | In-depth ERP integrations with leading platforms such as NetSuite, Intacct, SAP, and over 50 other ERP and accounting systems. |
| Controls and Security | High-level security features with SOC 2, OFAC, AML, and detailed audit trails. |
| PO Matching | Advanced purchase order matching using AI tools like Smart Scan and auto-routing. |
Tipalti is built to handle complexity at scale, ensuring efficient, secure, compliant payables as your UK business expands. The system offers transparent, modular pricing designed to evolve with your needs. If you’re ready to transform UK payouts with an automated solution made for growth, request a demo to see how Tipalti can fully automate your AP process.
Curious How Tipalti Compares for Your UK Business?
While many providers have confusing fee structures, Tipalti offers transparent, modular pricing designed to scale with your needs.
FAQs
What are the best Payoneer alternatives for UK businesses for mass payouts?
The best alternatives to Payoneer for UK businesses needing mass payouts include Tipalti for full automation. Wise is suitable for foreign exchange rates, PayPal Payouts for sending money to PayPal accounts, Stripe Connect for marketplaces, and Trolley for global payouts with tax capabilities.
The ideal platform depends on your payment volume, global reach, integration requirements, and compliance needs.
Why might a UK business switch from Payoneer to another mass payout tool?
UK businesses may switch from Payoneer to another mass payout platform for a multitude of reasons. For example:
- When they require better foreign exchange rates
- They are looking for lower fees
- Seek improved support for UK payment schemes (such as BACS)
- They need stronger integrations with accounting/ERP software
- Need advanced financial controls like multi-entity features
- Want more robust compliance tools, like UK VAT number validation
Does Tipalti support payment requirements like BACS and Faster Payments?
Yes, Tipalti supports major UK payment requirements, such as BACS Direct Credit for bulk transfers and Faster Payments for fast GBP payouts. Tipalti is an FCA-authorised EMI in the UK, with VAT number validation.
How important is FCA authorisation when choosing a payment provider in the UK?
It’s very important. FCA authorisation shows a payment provider meets UK regulatory standards for payment services and e-money, including safeguarding client funds. Always check the FCA Register to confirm a provider’s authorised status.
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Disclaimer: This text is based on information as of June 2025, may not be up-to-date when reading, and is subject to change. Contact the providers directly for the most up-to-date and accurate pricing and feature information for your specific business requirements. The information provided here is for general guidance only and does not constitute professional, tax, or legal advice.
