# Page 4 | Payoneer Reviews 2026. Verified Reviews, Pros & Cons | Capterra > Page 4 - Is Payoneer the right Payment Processing solution for you? Explore 758 verified user reviews from people in industries like yours to make a confident choice. Source: https://www.capterra.com/p/187086/Payoneer/reviews --- Payoneer 4.2 (758) [View alternatives](https://www.capterra.com/p/187086/Payoneer/alternatives/) Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Learn more](https://www.capterra.com/our-story/) * * * Last updated March 13th, 2026 # Page 4 - Reviews of Payoneer ## Showing most helpful reviews Showing 76-100 of 758 Reviews Sort by: Most Helpful Rating Company Size Reviewer's Role Length of Use Frequency of Use MQ Michelle Q. Medical Records Analyst Hospital & Health Care Used the software for: 2+ years ### "Payoneer smooth transactions" May 29, 2024 5.0 I love the ease of it all. Payoneer has notifucations that let you know your money with ready to withdraw. it is also easier now that payo has an app. Pros I like the ease of withdrawing from Payoneer. With the hardwork you have put on everyday, payoneer makes it so much easier for you to get the money you worked hard for. I hope we go back to using payoneer again Cons sometimes there are felays in transferring the amount but it usually is because of local banks Review Source AM Amy M. Talent Acquisition Manager Food & Beverages Used the software for: 2+ years ### "Payment processing made easy" May 9, 2024 5.0 Pros It's capable of handling payment to countless counties with ease, I'm impressed with how flexible it is with supporting various currencies and also the speed when i do transfers. Cons It's security is great but can be annoying at times because I'm usually made to sign in again when i use it on the web, I find it's user interface a bit outdated and could do with some aesthetic innovations. Review Source JK Jahangir K. Owner Import and Export Used the software for: Less than 6 months ### "its a scam! do not just use Payoneer." June 21, 2024 1.0 bad worse i lost money. they can not help at all. Pros easy to use app. nothing good to mention. Cons bad customer service never reach to customer service they will make decision of any refund without any proof. they are the agent of the recepient they do not have any set of rules like Paypal is the best. Review Source VR Verified Reviewer Web Developer Real Estate Used the software for: 2+ years ### "The Most Terrible Client Support I've Ever Seen" December 20, 2023 4.0 Pros Pretty comfotable and easy to use digital service that Payoneer provides. Cons The client support has been frustrating, providing no real solutions and consistently responding with emails asking me to wait for 1-3 business days. On October 8, I unintentionally received a payment from a personal bank account (since Payoneer restricts payments only to business bank accounts). Payoneer informed me that the incoming payment couldn't be processed, and the funds would be returned to the initiator within 7-10 business days. As of November 22, the initiator had not received the refunded money. Concerned about the safety of my funds, I reached out to Payoneer's client support for information on the return process. Despite my expectations of a resolution, I only received emails advising me to wait an additional 1-3 business days for updates on my ticket. Some responses mentioned a "pending" status, with promises to contact the finance team to expedite the refund. However, no progress was made. Now, on December 20, after two and a half months of regular support requests, I still don't have any clarity. The only consistent response I've received is to wait for 1-3 business days. I remain uncertain about why Payoneer is holding my funds for such an extended period, and I still have no timeline for the funds to be returned to the initiator. Review Source RR Ricardo R. Marketing Consumer Goods Used the software for: 2+ years ### "Easy set up and quick payouts" May 7, 2024 5.0 Pros I liked how I could quickly set my account for payments up. Cons Not all my customers accept or pay with this. Review Source VB Vivien B. Associate Airlines/Aviation Used the software for: Less than 6 months ### "Payoneer feedback" June 13, 2024 5.0 8 out of 10. good so far. and easy to use Pros Convenient sending payments to your customer through ebay Cons sending payments through payoneer to ebay Review Source ACF Ana Clara F. Administrative director Higher Education Used the software for: 2+ years ### "Payoneer: The best software " March 27, 2024 4.0 I like Payoneer. Thanks to it, I can receive my money for work on foreign platforms (and most of these platforms use it), in addition, I can be sure that my bank details are safe. The $20 fee is fair, in my opinion. And the more I use it, the more I like the non-bureaucratic ease of using the app. Pros I definitely love Payoneer, because thanks to it I can receive payments from foreign companies in a more secure and non-bureaucratic way, as Payoneer is simple to use. The website/app interface is uncomplicated and intuitive, making it easy for a layman like me to use. And payments have a small fee, which makes it more advantageous than other platforms. Cons I definitely love Payoneer, however, the customer support needs to be faster. Because when I enter some wrong information more than once, they block my account temporarily (I know this is for security), but when I contact support to clarify, most of the messages are automatic, and not from some real/human consultant to solve. This makes me irritated, it takes something that was supposed to be simpler. Switched from [PayPal](https://www.capterra.com/p/207944/PayPal/) The higher the payment, the greater the security needed and the autonomy I want to have over it. And PayPal, unlike Payoneer, automatically transfers the money to my registered account, without even notifying me beforehand. With Payoneer, I can have control of what comes in and what goes out. Review Source Rajna S. Architect Architecture & Planning Used the software for: 6-12 months ### "Unauthorized Transactions - How Payoneer deal with money theft" January 15, 2024 1.0 My overall experience is horrible. Payoneer keeps stressing me out, there was one security breach when I lost my money, and they didn't do a thing for a month. Today, I got another warning of a suspicious attempt. I stood out that I didn't want to be their customer asking them to reverse the unauthorized transaction ASAP, and what I got was another attempt to be robbed. I will raise a lawsuit against them ASAP for the stress they are still causing me. Pros Nothing. My money was stolen, and I am dealing with the irrelevant staff who have had no idea of what is happening with my case for a month now. Today, after everything they are putting me through I experienced a second suspicious login attempt. I am forced to be a customer because of Payoneer's irresponsibility to reverse the transaction and bring my money back. I have to still be their customer against my will! Til when? Cons It is so easy to steal someone's money through Payoneer, and they keep the victims of their scams without an update forever. They practically force people and expose them to more stress by not doing anything to resolve money theft, the process of reversing unauthorized transactions is the opposite of what they stand for in their policy! Review Source FP Flor P. Comunicadora visual Design Used the software for: 2+ years ### "El tipo de cuenta que necesitas si eres freelancer" January 16, 2023 5.0 Me registré en Payoneer en 2013. Para entonces era la única forma de recibir pagos internacionales como freelance desde Venezuela y me ayudó un montón a capitalizarme. Payoneer se conecta fácilmente con plataformas como Hotmart, Upwork, Airbnb, Workana y Fiver, para obtener tus comisiones.Hoy en día utilizo Payoneer para recibir pagos por la venta de mis libros en Amazon KDP. Sigo confiando en su buen servicio. Pros Payoneer favorece la inclusión financiera. Me encanta que cualquiera puede abrir una cuenta simplemente con su pasaporte y un documento que muestre su dirección de residencia. No tienes que demostrar tu estatus migratorio.Considero que es el procesador de pago ideal para freelancers, ya que puedes recibir pagos comerciales en diferentes divisas y luego usarlo a través de su tarjeta MasterCard. Cons No estoy muy a favor de la tarifa de mantenimiento de su tarjeta MasterCard. Me parece un precio alto si comparamos Payoneer con neobancos. Por otro lado, la atención al cliente es súper lenta. El chat en línea responde de manera oportuna pero si mandas un mensaje por email se tardan semanas en responder. Review Source Archna S. Special Correspondent Media Production Used the software for: 1-2 years ### "Very low fees, more features and easy to setup." March 30, 2022 5.0 Besides of my Job, I am doing Freelancing and other micro jobs in the same field(News and Media Production) and Payoneer is helping me to receive payments very easily. I have found Payoneer to be much cheaper as compared to its competitors. The payments get settled in my local Bank account automatically without much delay. Pros The best thing about Payoneer is its very low fees compared to its competitors. The process of setting up Payoneer has been simplified in last few years, it now requires very less user information and becomes ready to receive payments. Payoneer provides virtual bank accounts of several popular currencies like USD, GBP, EUR, HKD etc. to receive payments from other businesses. I can simply give my Bank account details like Account Number, Routing number and Bank Name to receive payments from my freelancing and side business. Also, Payoneer can be integrated with several other platforms to receive payments. The best thing is the payments get settled in my Bank account in my local currency next day. Cons The Customer Support service of Payoneer needs to be improved. The Support team takes so long to respond to urgent queries and even after that, they take so long to fix the problems. Another problem with Payoneer is that I can only use the virtual Bank accounts provided by them to receive funds from business accounts. Means, only business payments are allowed and local domestic transfers are not allowed. Switched from [PayPal](https://www.capterra.com/p/207944/PayPal/) I switched from PayPal because of Paypal's high fees and currency conversion rates. Review Source MI Muhammad I. Youtuber, Freelancer Internet Used the software for: 2+ years ### "Payoneer, A Perfect Place For Freelancers" August 27, 2021 5.0 My overall experience with Payoneer is an excellent and 5-star rating. the reason why I have given 3 stars rating for the "customer support" feature is, once I was in trouble and PayPal was not accepting my "First Century Bank" details. And as an alternative, I was looking for another alternative bank of "first century" from Payoneer, so I mailed using the "contact us" bottom and the team used to respond to me after 11 days. i think this is too long, but it may be because of a covid pandemic. But if it was because of service quality, then it's not a good thing. I humbly request to the Payoneer team that please review this and made it fast. Now if we talk about my overall experience with Payoneer, then it was so much friendly. I'm using Payoneer to receive payments from Fiveer and freelancing platforms, and I never get into trouble. The exchange rate is also too good and withdrawal speed is also appreciated. Definitely, I'm going to highly recommend starting using Payoneer. Pros As a freelancer, I liked the "global payments service" feature of Payoneer too much. I am using "First-century Bank" of Payoneer to receive payments from my clients online. There is an option of linking our local bank account and mobile wallet too, So I'm using JazzCash to withdraw payments from Payoneer. The exchange rate of Payoneer is always high than every other platform. The second thing I liked in Payoneer is a notification of upcoming payments. Whenever I use to withdraw payments from Fiveer, a notification appears in the upcoming payments tab. Multiple currencies are also an amazing feature of Payoneer, I used to receive payments from my USA clients in USD, and from others, I use to send requests in EUR. I'm doing this Because my mostly clients belong to Germany and France. once payments are received in Payoneer, I can easily withdraw to a local bank with 2 clicks. There is no compatible Payoneer Debit Card. I'm using a Payoneer debit card on Namecheap to buy a domain and my experience is excellent. So I just want to say that the Payoneer debit card is much more secure and better than my local bank's debit cards. Cons Payoneer is my favorite bank ever but I want to submit some improving requests to my respected Payoneer team. I don't know why such an amazing platform has applied withdrawal limits. I can transfer a small amount of money to my mobile wallet but am unable to transfer it to a bank account because of the withdrawal of the minimum payments threshold. The payments threshold for withdrawal is a little bit high and should be reduced, so every user can transfer money to his local bank account if he has not a mobile wallet. Another thing that I wishing in Payoneer is, Payments requesting invoices. I wish that Payoneer should be an option of generating voice to request payments to our clients. whenever I use to click on "request payments" it shows me my bank account details and says for sending my bank account details to my clients. I wish there should be an option of generating a link to our profile instead of sending bank details to request payments to our client. Review Source PE Pius E. Founder Internet Used the software for: 2+ years ### "Payoneer" April 24, 2022 5.0 I have been using Payoneer for about 4 years now and it's been a satisfying relationship. Stripe payouts come in without issues and my withdrawals are mostly on time on time taking within 2 to 3 business days. I also pay a couple of my employees via Payoneer and there has never been a complaint. Pros It processes Stripe payouts smoothly. My stripe payments come in time and are allocated to the respective receiving account accounts. For example, USD payments come into my USD receiving account and EUR payments come into my EUR receiving account. You also notice that payoneer has better exchange rates when withdrawawing your money or sending from between the receiving accounts. Payoneer works extra smooth with Stripe! Cons Not much to be honest! As a payment processor, Payoneer works perfectly in all the areas that are essential for it to deliver a satisfying experience to customers. Its service is impeccable. However, as with any product that's always improving, I believe they can improve more on the mobile app by adding more actions such as adding bank accounts and better analytics covering more information. Alternatives considered [PayPal](https://www.capterra.com/p/207944/PayPal/) Reason for choosing Payoneer Payoneer and Stripe's payouts work seamlessly. Review Source Virginia B. Freelance editor Publishing Used the software for: 2+ years ### "Avoid it like the plague if you can." November 7, 2022 3.0 I loathe Payoneer with every fiber in my body. I strongly suspect them of skirting a fine line of legality in handling people's money and finding ways to hang onto it themselves for as long as possible. Shady and suspect and they absolutely have the worst customer service I have ever encountered in my 60 years. That is really saying something, as I've had some truly hair-raising customer service experiences. But these folks take the cake. If you have a problem, expect to lose access to funds for a month or more. That's what they do. Pros I will admit that the whole process of receiving payments can occasionally go smoothly for a while. But in over 2 years of being paid through them by my primary client (who offers no alternatives), I have had to fight with Payoneer about one thing or another 3/4 of the time. They are notorious for having the absolute worst customer service you have or ever will encounter, and it smacks of them trying hard to be as vague as possible, as if they are purposely withholding people's money, but trying to pretend they're not. I personally believe they definitely purposely withhold funds at times. Cons The fact that I've had to fight with them to get access to MY MONEY infuriates me. When they do permit me access to MY MONEY, there are all-too-often unexpected fees or problems, such as when they issued my MasterCard in British Pounds, although I do not and never have lived in the UK, nor have I ever been paid by anyone in Pounds or Euros. The card being in Pounds meant I got dinged with exchange rates and service fees over and over until I finally got my client (the payer) to intervene on my behalf. But just now, I tried to transfer funds to my bank account when the card was not accepted (again) for an online transaction. While my MasterCard is in US dollars, it is suddenly no longer available to transfer to my bank, for unknown reasons that I'm trying to determine, but having dealt with them before, I know it'll be a minimum of a week before I get any answers. When I tried to transfer, it asked a question it never had before about which currency I wanted to withdraw from and presented me with two options only: British Pounds or Euros. My head exploded. My main account is now set up for either Pounds or Euros--despite the fact that I made abundantly clear to them when I had that first problem that I do not and never have been paid in any currency other than US dollars. And these aren't the only problems I've had. During a move, they held my funds for a month until I threatened legal action. They're shady. Stay away. Review Source gM giuseppe M. libero professionista Internet Used the software for: 1-2 years ### "Scandaloso!" February 2, 2023 1.0 Pros Sarebbero tutte importanti, se si potessero utilizzare Cons Pagamenti inviati un mese fa, ma mai arrivati! La cosa assurda è che nessuno del team del supporto fornisce informazioni in merito. Dopo un mese attendo ancora di sapere che fine hanno fatto 3000.00$Esperienza estremamente negativa. Pagamenti inviati un mese fa, ma mai arrivati! La cosa assurda è che nessuno del team del supporto fornisce informazioni in merito. Dopo un mese (oggi è 2.2.2023) attendo ancora di sapere che fine hanno fatto 3000.00$ inviati il 3 Gennaio e 1000.00€ inviati il 14 Gennaio.Reputo assurdo che la tua banca non riesce ad informarti sullo stato delle tue transazioni.Ho provato molte banche online, ma questa è di sicuro la peggiore sia per assistenza che per commissioni. La sconsiglio vivamente! Review Source IC Ignacio C. Freelancer Translator Translation and Localization Used the software for: 2+ years ### "Excellent option to receive payments from clients around the world!" September 30, 2021 5.0 Payoneer is a great platform for receiving payments from clients around the world. It's fast, reliable and very easy to use. You can get paid in many different currencies at a really fair service fee, and you have the option to use the money with a Mastercard prepaid card or by withdrawing it to your local account, which normally takes one or two days to deposit it. It's a great option with a great price for what is offered! Pros Payoneer is the best alternative to receive payments in different currencies from clients around the world. As a freelancer or digital service provider you may deal with clients in many countries, and getting paid can be difficult and, specially, expensive. Not with Payoneer! They usually charge 1% from USD payments or even zero for EUR and GBP payments. Also, when you withdraw the money to your local account, you will usually pay a fee of only 2% on the mid-market foreign exchange fee and get it deposited in one or two days at the latest (I receive it in my Brazilian account, for reference). If you compare this to the industry most-famous player (PayPal), they charge like 6.5% when you get paid plus 3.5% on the foreign exchange fee. Plus, Payoneer offers a Mastercard prepaid card, so you can also use the money directly with the card, without having to withdraw it (although it will cost 3.5% on the foreign exchange fee, instead of 2%). Overall, it's a great and quite reliable platform! I've been using their services for around 5 years and never had a problem. Cons Unfortunately, their Mastercard prepaid card doesn't work with Samsung Pay or Google Pay (at least not until now, September 2021), so you can't leave it at home and make your payments with an NFC device like your phone or smartwatch. Also, they still charge a fee of USD 29.00 per year for using this card. It made sense years ago, but with a higher competition and other platforms starting to offer similar services, this fee could be reduced or even eliminated based on your usage habits. Switched from [PayPal](https://www.capterra.com/p/207944/PayPal/) Payoneer offers a better service for a significantly lower price. Review Source Torikul I. Freelancer - Web Developer & WordPress Expert Internet Used the software for: 2+ years ### "An excellent online payment platform that works worldwide" July 1, 2021 5.0 Overall, my experience with Payoneer is outstanding. I'm using Payoneer since the beginning of my freelancing carrier. This online payment gateway platform helping me to get paid from different sources like Fiverr or Impact affiliate platform. I can quickly get paid through other Payoneer users. Using the global payment service, I can take funds from clients worldwide. It's an excellent financial service provider company I've used ever! Pros The best reason why I like Payoneer because it's available in my country. And everywhere in almost 80% of freelancing platforms like Fiverr support Payoneer. There are a lot of freelancers from Bangladesh, Pakistan working on different freelance platforms. But they can't get paid through PayPal because it's not supported in our country, whereas Payoneer solved the most critical problem for us. It's easy to use, comfortable, has so many good features with solid security. Even it's easy to integrate with any local bank accounts or 3rd party software programs through API. Another good news is, Payoneer recently released a Bengali version of their website for Bangladeshi users, which is amazing. Cons I'm not too fond of the Payoneer exchange rate; every time I withdraw my funds, it converts from USD to BDT, but the exchange rate always seems the same. The dollar rate often up and down; when the USD rate is so high, I withdraw funds, but it gives me the previous exchange rate when the dollar rate was medium. Payoneer does not allow users to add funds through Visa Gift Cards, whereas these international gift cards are allowed everywhere. Another bad thing about Payoneer, I tried to deposit funds to my skrill account with MasterCard, but it does not work. I tried to purchase an Envato product, but the card does not allow me to buy that product. So, there is a slight problem with Payoneer MasterCard. Review Source Nadish H. Senior Animator Marketing and Advertising Used the software for: 2+ years ### "Payoneer, the only trustable payment solution for freelancers" May 23, 2022 5.0 My overall experience using Payoneer has been fantastic. With the help of Payoneer, I've been able to multiply my freelance earning 5x because PayPal is not available in my country so I was not able to take most of the international clients and tasks. Then I found Payoneer, it's well know and almost providing their services worldwide. Moreover, I use Payoneer to receive payments from Odesk, Fiverr and PPH with just a single click :) Now that Payoneer has collaborated with our local telecom service, Jazz, it has made my life even much easier, now I don't have to visit ATM everytime, I easily withdraw money from Payoneer to my JazzCash account and use it wherever I want. Thanks to Payoneer team for providing such a brilliant service :) Pros Well, I like infact love Payoneer service because it has opened a totally new world of opportunities for my. As you may know that PayPal is not available here in Pakistan unfortunately, so when I found Payoneer, I felt it like a life saver for me :) Cons The least that I like about Payoneer is the ATM withdrawal fee :) Although I usually withdraw money to my JazzCash account but still 2% per transaction hits me always :) Review Source jorge T. Retail Sales Consultant Import and Export Used the software for: 1-2 years ### " international payment wallet" August 25, 2019 4.0 Payoneer in my view as a user is perfect when referring to several other payment processors, with the service of being able to send money to my account and they offer you many more services that are not available in the competition. It is a secure platform with easy handling when using. Another of the great advantages of payoneer is that you can receive payments from customers wherever they are and providing a good service, which does not charge a transfer fee because It only gives us an annual maintenance charge which I consider attractive to new entrepreneurs. Payoneer has a good customer service which makes it remarkable, to clarify and clear any doubt or problem that is presented to customers, as well as a forum where users support each other to get the best platform service which give it a great quality Pros Pros What I find most attractive to payoneer is that the billing is monthly without charge for early cancellation what makes it attractive Free payments between Payoneer accounts which makes it interesting for employee nominee payments. The best for entrepreneurs and international companies. The Payoneer company is one of the main online payments that preexists in a safe and legal way which in terms of service is being adopted by number of users. Serving a great help to the loans with a great service with a MasterCard card that is sent to my address when fulfilling my registration. This card can be used on a large number of platforms to make payments including use to withdraw money from any local ATM network. Cons For my point of view. One of the few problems that I find a payoneer is that the commission for using the physical master card is a little high when using it in an ATM, on the other hand also of the inactivity charges of the account since payoneer It charges you a small but not significant amount, if you don't see any movement made within a month. Stay within my liking that the payoneer company improves the payment director method that is performed between other payment platforms and payoneer for a better service between the two platforms and a better fast payment method when making any transfer between accounts . Although the customer response is slow they are attentive. I have nothing bad to say about dislikes with the use of payoneer, so far it is so good and easy to use. Payoneer is good for any commercial transaction Review Source EZ Emran Z. Freelancer International Trade and Development Used the software for: 2+ years ### "My experience with Payoneer" October 27, 2022 4.0 Payoneer is considered the best electronic bank I have dealt with for more than two years, in terms of safety, trust, ease of use, the interface of the program, and the speed of executing the transaction. I have no problems except for locking the prepaid card and it was due to problems with the card issuing bank at that time. Pros 1 - The interface is simple and suitable for most devices.2 - The level of security, in terms of double protection by sending a text message to the mobile number.3- Ease of adding local bank accounts by account number and bank name.4 - Low commissions compared to other similar electronic banks such as AirTM, Neteller, Skrill and others. Cons 1 - The mobile application needs some modifications to be suitable, such as the site in terms of performance and implementation of operations.2 - Communicating with support, there are some difficulties that need to facilitate this feature more than that.3 - The minimum withdrawal amount to the bank account is rather high and it needs to be reduced. Review Source XD Xavier D. oui Transportation/Trucking/Railroad Used the software for: Less than 6 months ### "Une arnaque" May 14, 2024 1.0 Utilisant Payoneer pour faire un transfert de Fiverr a ma banque privée, mon expérience fut tout simplement laborieuse. Après plusieurs jours, Fiverr a bien fait le transfert à Payoneer, seulement Payoneer n'a pas fait le transfert à ma banque. Le transfert a donc dut se faire en plusieurs fois, et donc payer des frais double de 2 à 3 % du montant soit plus de 5 % de mon montant. Bien évidemment, aucune compensation n'était possible. Soit une perte d'argent ainsi que de temps, tout bonnement une arnaque. Je déconseille totalement cette plateforme. Pros Un service client en ligne accessible et venant aider au mieux. Cons Une entreprise et un service cherchant a vous arnaquer. Review Source Abhijit C. Freelancer Internet Used the software for: 1-2 years ### "Warning Warning Warning - DO NOT USE IT - Aweful Service" November 26, 2023 1.0 Pros Nothing Nothing Nothing Nothing Nothing Nothing Cons For a small business owner, freelancer who doesnt revieve money often via this app its no useful. They are going to charge you if you are not receving money. They took too much time to review payment and approve They charge 29.5 USD if you dont get money coming to your account. They should charge a small fee per transaction which Im happy to pay Switched from [PayPal](https://www.capterra.com/p/207944/PayPal/) Warning Warning Warning - DO NOT USE IT - Aweful Service Take too much time to approve payments. Proccessing time should be minimal. Edit: After the payment is approved they took 29.5USD in the of annual fee. I dint know about this. I only got $30 for a work I did for a client and they took it all. ridiculous terms. I dont use it often and I am never going to use it anymore. Please be aware, PayPal is much more better than this. Review Source VR Verified Reviewer Web Developer Information Technology and Services Used the software for: 2+ years ### "A game changer not without flaws" November 15, 2019 4.0 Great to get paid from abroad and spending your earnings, especially if coming from countries outside the USA, EU, and AU. The fees add up and it won't notify you on new transactions. Pros Being a Freelancer from outside the US and EU (where there are many alternatives to Payoneer) I was super happy when I started using Payoneer, I could get paid for my software and spend the money on my day to day life, something is not always easy without losing half of your profit on the way if you are in Latin America. Payoneer did something great, they saw beyond, they empowered freelancers outside the USA and EU, they gave them power to get paid and make business easier. Payoneer is easy to use and you can open a Global Payments account for four different currencies and one debit card for each. Cons The major flaw of Payoneer it's it won't notify you when you have made a transaction! Meaning you could have lost 500 USD from your account without noticing until you check to face the sad surprise. The card option is great but the quality of the plastic itself it's not the best, it will peel off even after a few weeks of use. As a freelancer and digital nomad, I am often surprised at how steep are the withdrawal fees and foreign transaction fees when using an ATM, now even paying in the currency you manage takes up a fee! That didn't happen before. If they don't adapt quickly they will lose market once their competitors reach further onto the Americas. Review Source Anass B. Data Scientist Student | Social Marketing Manager Design Used the software for: 2+ years ### "Be Careful" March 18, 2023 1.0 I have been a customer of your platform for over 8 years, Yesterday I was notified that my account was closed without any reason & no Information about how I can withdraw my funds. I have contacted your support & I was told to come back after 3 months, without any explanation about my funds yet! I'll NOT wait 3 months, all the funds are transferred from my OWN Wise & Paypal Accounts, I'm not sure if you are waiting for me to open a dispute on myself?This is unacceptable & unprofessional, and you are not allowed to keep my money. Those are my life savings! it's what I use to pay for living expenses! I have worked hard to earn every penny & you hold everything.You are putting me at risk & causing serious damages to my life & my family that depends on me! I'll not let this slip through without any consequences. I need to access my funds as soon as possible otherwise I'll have to follow the Legal procedure and file a lawsuit and ask for damages, Including every hardship that im experiencing now\[sensitive content hidden\] Pros Payoneer has been good around 2017-2020 but now they utterly scammers. Cons Be careful, AVOID IT or you'll lose your life savings in a heartbeat. Customer Service is the worst i have seen. Review Source VR Verified Reviewer CEO Marketing and Advertising Used the software for: 2+ years ### "Good as an option when you have little options" June 14, 2021 3.0 It's good if you have no other options because you live in a 3rd world country and PayPal or Stripe is not available for you. Otherwise, I have no idea why would someone bother to use it. Pros It's working in countries where most of the financial tools are not working. That's the major benefit of this tool and the reason why so many people are using it. Cons There will be several major points here: - it's very unreliable as software. Many of my clients had problems paying because of different technical issues. Sometimes when you want to pay - there is only one option (i.e. credit card) and your Payoneer balance is missing from the options list. Then you reload for 20x times, clear cache, use an anonymous browser, and dance around your PC and it might just appear there. When you care about a client's experience (like I do with my business) - this is a disaster; - client support is very random. First of all, it's hard to send the right ticket, then it's even harder to get the right answer. But, being honest - this is true for most of such services. However, they've attached a regional manager to work with me. She was all friendly and stuff until I asked her about one of the payments that never arrived because Payoneer returned it for some reason. It just appeared that they changed some of my credentials and never bothered with notifying me about that. Since this time it's almost impossible to reach out to this manager and she oftentimes forgets your requests so you need to call her and hope she will pick up and help (because she totally ignores the emails). - last, but not least - this service has quite a large fee compared to their approach both in terms of use of their tool and quality of support. Reason for choosing Payoneer At this point, you can guess already :) Review Source Charlette V. Freelancer Architecture & Planning Used the software for: 2+ years ### "Lowest Fee Among Any Payment Methods/Platforms" October 9, 2022 4.0 I began using Payoneer for a client who preferred to pay via this method for my services. So far, I haven't run into any issues while using the app. What I also like about it is that, it has the lowest fees of any money-transfer platform in the Philippines. It takes advantage of preferential exchange rates, and I calculated that I save 1% total, including all sending and receiving fees and exchange rates. Pros You can open a free account on the Payoneer website. Payoneer handles domestic and international payments and currency exchanges, and most types of bank transfers are free if both parties have Payoneer accounts. Cons There isn't much to dislike about the platform; the only suggestion is to reduce the processing fees on some vendors. Switched from [PayPal](https://www.capterra.com/p/207944/PayPal/) I need to include this as one of my payment methods, rather than switching because a client preferred it. Review Source Similar Products Featured