PayPal VS Payoneer - The END of PayPal?!(+ BONUS) Review | Travel Freedom

PayPal VS Payoneer Review – Is PayPal OUTMATCHED?! Find out now!

PayPal vs Payoneer – Who will be the Ultimate victor?

Sending money across borders used to be a irritating hassle. You’d have very few options and be met with a ton of fees that just didn’t make it worth it in the end. As the world became more globally connected through the internet and markets blur the border lines, it has become a very common practice for payments of all currencies to be exchanged. Two top contenders that offer border-less payment options are Payoneer and PayPal, but which of them is the best? Welcome to The PayPal vs Payoneer Review.


The Convenience of Online money transfers

There isn’t a business or individual these days who doesn’t use some form of an Online Payment/Transfer Platform to easily Pay their workers or receive money from an employer or client. Thanks to the rise of the internet, amazing new platforms and technologies have been created that made paying and receiving payments so much easier.

One of the most popular(if not the most) and most oldest online paying platforms is PayPal(yeah of course you’re probably using it right now). They have become a Giant very early on when the internet was still rather new and quickly become the dominant Online payment system you can nowadays find online. However other Online platforms are quickly catching up, One Such rising star is Called Payoneer.

Now to Make Things clear right from the Start, Each option(PayPal and Payoneer) is safe, secure, and backed by powerful systems that ease the tensions of soaring bank fees. That is fact, However, there can only be one champion today and here Below, we have put both platforms head to head for a few points, letting them hash it out. At the end, we will reveal a “clear” winner; though we must admit it was a little tough one.

Click here to sign up with Payoneer Today and get your $25 Welcome bonus after you have received $1000 in payments!

PayPal VS Payoneer – Review

PayPal VS Payoneer Review - Paypal VS PayPal VS Payoneer Review - Payoneer

1. User-Ability – Is It Easy for Everyone to Use?

In this day and age, just about everyone knows how to use a computer. It is coming to a point that, those without basic computer skills, are getting left behind. A user-friendly interface that suits everyone no matter what their skill set is necessary, especially when dealing with finances.


Payoneer is easy to use and easy to set up. You can begin by making an account for free and either connecting it to your bank account or opting for the Payoneer MasterCard. You’ll notice that, currencies are separated, making it easier to follow and keep track of your money plus, you’re always given the final conversion rate and total amount before completing your withdrawal request. The site is modern and easy on the eyes, plus, is made to be easy to use for any and everyone.


PayPal also is set up with ease in mind plus, comes with that forever recognizable blue background. When you login, you’ll see the most important options: ‘Buy’ and ‘Sell’. From there, you will easily be able to select options and transfer or request money. Overall, it seems easy enough and, we can’t get enough of the customer images that are constantly changing in the backdrop.

Winner: For us, there is not a clear winner, they both have their own unique design with great layouts. but i personally do however prefer that of Payoneer. They are both user-friendly but, Payoneer has an all-around modern spin on things, with a sharp look and an all-inclusive home page where you can get all your finance needs met. But that’s just me.

Payoneer – 1 PayPal – 1

2. Conversion Rates – Will They Both Cost You an Arm and A Leg?

Conversions rates can either be your best friend or your worst nightmare. They generally mirror fluctuations in the market, which can put a damper on the total you’re expecting. Though the market is the main factor affecting rate of exchange, banks and financial services sometimes bank off the back. They do this by tacking on their own fees, further driving down the total you were expecting. When putting PayPal and Payoneer head to head, there are some clear differences in the way they handle conversions which we will take a look at here.


The company bases their rates of conversion on the mid-market range. This is said to be the fairest, without drifting too far in one direction or another based off of fluctuations. To take out any guess work that could come with unforeseen and sneaky additional fees, Payoneer always let’s you know the final rate of exchange and the final total that will be transferred into your account.


With PayPal, you have a hard time ahead if you’re on the hunt for certain rates. Plus, they do not show you a final amount before processing the exchange. On top of it all, each country has a different method of processing, and not all fees are the same. If you’re in the US, you can expect international sales to come with a 4.4% fee plus, additional fees accrued with the differences in currencies involved.

Winner: Clearly, here, we’re going with Payoneer. Yes, the fees can add up but, you’re made fully aware at every step of the way and for us, that is true fairness. Plus, the mid-market exchange rate is the fairest of them all, giving some stability to the constant market fluctuations.

Payoneer – 1 PayPal – 0

3. Fees – Could They be Hiding from You?

Banks and financial services can be tricky with fees. Each and every one may sound like nothing but, when added together, could equal an outrageous total. Getting the best deal out of your financial service, no matter where your money goes, is key. How do PayPal and Payoneer compare to one another? Let the battle begin.


With Payoneer, sending money is always free of fees. Also, sliding away without any charges are payments received from other Payoneer accounts. You will start to see fees when you withdrawal from your Payoneer account to your bank account ($1.50) and when you have an account that allows transfers; however, they do only come in at 1%. If you’re signing up as a business instead of an individual and are receiving payments, all those coming from a credit card come tacked with a 3% fee.

Other Payoneer Fees:

  • Payoneer to Payoneer – Free
  • Receiving currencies EUR, GBP, JPY, AUD, CAD, and CNY – Free
  • Receiving USD – Varies by country and comes with 0% to 1%
  • Receiving from credit/debit – 3%
  • Receiving from e-Check (USD) – 1%


Again, fees vary by country. Generally, no matter if the person is an account holder or not, there is a charge up to 2.75% for currency conversion. If transferring to the PayPal account from a bank account using a debit or credit card, you’ll pay up to 2.9% in fees. Things really start to add up if you’re paying with credit card and in a different currency. In this case, you’re charged fees on both ends, possibly up past 5% of your total.

Other PayPal Fees:

Winner: No one likes fees but, they’re inevitable. Both Payoneer and PayPal are most expensive when using a credit card but, Payoneer slides in with the win. They have worked on putting a cap on fees, only taking a percentage when converting to some currencies. Popular currencies like the EUR, GBP and JPY come with no added fees. Again, we’re going with Payoneer.

Payoneer – 1 PayPal – 0

4. Support – Are They There for You?

When dealing with your money, you want to know that you’re using a financial service you can trust. Plus, in case there is anything fishy or just not quite right, you want to rest assured that you can get a hold of them. This is where customer support and care comes in. It is quite common for companies to go out of their way to make every means of communication possible, as it adds to their overall online transparency and shows that they are there for you.

There is a Support Center page specifically for customers. When you login, you’ll notice that it is neatly organized, putting the most important tabs like ‘contact us’ at the top. They provide email, live chat, address, and phone numbers listed by country. They have an extensive FAQ page, where you can find answers to many questions and quite possibly learn something new plus, a convenient search bar. Also included is a specific page for complaints, of which Payoneer claims to get to in no more than three days. Overall, their online presence seems positive and, we had trouble finding unresolved issues. The company is by no means perfect but, overall, they seem to be doing something right.

PayPal offers a few ways to get in touch. They provide phone numbers and Online messaging functions(If you can login to your account that is), though they highly push sifting through FAQs. When you visit the Customer Service Contact page, you can search through common issues or, start typing into the search bar for more individualized suggestions on where you can turn.

PayPal has their share of customer complaints, and on the web, they seem to have a shaky reputation. You will find several unsatisfied customers and a few satisfied which come together with a lower than average rating, especially when it comes to not being able to login into your account, then the only way is through Phone call which can cost you a lot of money. Honestly, for most PayPal users, it’s a nightmare.

Winner: When you visit each page individually, you’ll notice that Payoneer seems much more modern and welcoming. They really go out of their way to make each and every process easy, including making a complaint. When taking a look on the web, Payoneer has an overall more positive reputation than that of PayPal so, once again, the winner is:

Payoneer – 1 PayPal – 0

5. The Pros and Cons: A Breakdown

PayPal VS Payoneer Review - pros and cons



  • Available in more than 200 countries and 150 currencies
  • Low fees
  • Options to withdrawal with credit card
  • No Charges between Payoneer Accounts
  • Currencies EUR, JPY, and GBP come with zero fees
  • Flat fees per transfer(And in many cases even Free)
  • Always know your exchange rate
  • Easy Online live chat function for questions or support if you ever need it.


  • Transfers can only be done between Payoneer accounts
  • Some countries come with added conversions charges
  • Annual fee with credit card



  • Highly recognized
  • Send and receive money
  • No annual fee for credit card
  • Great mass payout system


  • Lots of irritating and high fees
  • Unknown currency conversion rates
  • Account holds randomly Or random account freezes for no apparent reason.
  • Some fees can go past 7%

And the Winner Is…

With both Payoneer and PayPal, you’re getting a trusted and safe atmosphere to meet your financial needs.
Payoneer came out the winner in 3 out of 4 of our categories, making it the overall winner. We will note one thing though that could change your mind. If you’re an individual freelancer and only receiving money, Payoneer is the way to go. If you’re a small business, PayPal would possibly better serve you. This is one slip up that means big points for PayPal, as they offer a bit more possibility at this time for small business owners to pay others. Big business can also benefit from PayPal’s mass payment system, where companies can add up to 10,000 payees.

Click here to Join PayPal


Click here to sign up with Payoneer Today and get your $25 Welcome bonus after you have received $1000 in payments!

To choose the best finance service for you, first think about the transactions you need to make and the currencies, if any, you will be exchanging. When choosing any service that deals with your money, you want to make sure you’re not losing it all to fees. Our head to head battled showed Payoneer as the overall front-runner but, in the end, it is up to you who you will choose to put your money on.

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PayPal vs Payoneer - Review
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