Payoneer vs. Paypal, What do you think is better?

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#1
Dear Friends,
I would like to know about these two payment processors. Which one is the going best these days? PayPal is working for a long time, but Payoneer has started their business after it. Both of these payment processors are free to join. They offer many features, to their members without any cost. Most of the features offered by them are same.
However Payoneer is offering a lot of new programs, Such as 25$ Referral Bonus Program and Free Master Card to its members. According to me it's the best feature offered by them. These days businessmen have to work online, in order to promote their business. Working online also means, that they have to process transactions online. Master card is one secure way of performing these transactions. Therefore it is the most beneficial program offered by them.
On the other hand, PayPal does not have such programs working. So what do you think, which one is better Paypal or Payoneer?
Share Your Opinion.
 

ron13315

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#2
I will go for paypal since I have my own bank account to transfer the funds. I learn from others that payoneer will charge you $29 yearly for the mastercard, it will automatically deduct from your funds. But payoneer can be a big help for the others that having a problem to activate their paypal account.
 

Nytshade

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#3
No, you can't compare paypal with payoneer. They work well when you use them together, my payoneer card is linked with my paypal.

Paypal does offer a master card as well. Paypal is universal, a lot of people are familiar with it. People are more likely to buy when you're using paypal because they trust it. Payoneer is for receiving (only from US companies) and sending payments, that's all they do.

Paypal has a lot to offer and it's way bigger than payoneer so you cannot compare the 2. With paypal you can also create buy buttons, donations etc. these 2 companies are not offering the same services so you can't compare them.
 
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#4
No, you can't compare paypal with payoneer. They work well when you use them together, my payoneer card is linked with my paypal.

Paypal does offer a master card as well. Paypal is universal, a lot of people are familiar with it. People are more likely to buy when you're using paypal because they trust it. Payoneer is for receiving (only from US companies) and sending payments, that's all they do.

Paypal has a lot to offer and it's way bigger than payoneer so you cannot compare the 2. With paypal you can also create buy buttons, donations etc. these 2 companies are not offering the same services so you can't compare them.
I think you are right, I have heard it from my friends. They have linked up their payoneer account with paypal. Also your point is true, I think they are not offering same services. Therefore Paypal and Payoneer cannot be compared. Rather we can say both of them can work together.

I will go for paypal since I have my own bank account to transfer the funds. I learn from others that payoneer will charge you $29 yearly for the mastercard, it will automatically deduct from your funds. But payoneer can be a big help for the others that having a problem to activate their paypal account.
Yeah You are also correct, Payoneer charge there members yearly fee of 29$. This fee will be automatically deducted from the account balance. Hence payoneer is only suitable for people, who have to receive money from US Companies. Thanks for your opinion about my thread.
 

Hassan

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#5
Paypal is recommended stay away from payoneer due to their bad customer support. If you dont get payments on regular basis Your Payoneer Account and Card will be closed not only this if you are working on oDesk and Elance you can only use card for one web.
 
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#6
rizwanramzan
Really I didn't knew that, thanks for informing me about this issue. I had just done a mistake, to compare Paypal with Payoneer. Both of them have a big difference. I didn't knew that people having problem, using payoneer. Thanks to you, I would now choose Paypal as my Payment Processor.
 
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#7
I was tempted a while ago to try Pyoneer but now after I read all these... thanks!
 
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#8
I am going to stick up for Payoneer. I have used them for two years and never had a single problem, and support has been fast.
 
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#10
To me i prefer paypal, because it can accept credit card payment and its a plate form that is widely used.
 

irene

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#11
Even I would prefer paypal.
 
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#14
Well I have no experience of Payoneer. However based on my experience with PayPal, I would recommend it to everybody.
 
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#15
While the fee is high, they are the most convenient for most customers.
Well I have no experience of Payoneer. However based on my experience with PayPal, I would recommend it to everybody.
Agreed with Luxin and nogics but there is an alternative to Paypal?
I saw many web hosting companies using Payoneer as a payment method for theirs but I don't know it can be more trustworthy and convenient like Paypal or not.
 
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#16
i will go for paypal i am using it for my bussniss and my all clients i think 95% clients using paypal and i am Happy it with it :)
 

LJSHost

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#17
Another shout out for PayPal here, it's the most well known brand for digital payments and they give the best buyer protection for digital products.
When people see the PayPal logo I believe it helps with customer confidence buying from your site.

As others have said the fee's are not the lowest but still fair.
If you are doing a large amount of transactions you could properly save a nice chunk of cash finding a cheaper payment provider, but I feel the additional benefits provided by PayPal compensate for slightly higher fees.
 
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#18
payoneer receive payments through 2Checkout, not directly over payoneer from Europe, USA only. 2checkkout is the best choice, one you get a credit card and paypal better understanding for the problems.
 
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#19
We tested the 2Checkout but the only way to withdraw is through Payoneer Payoneer and canceled our account without giving any justification, the credit card was canceled and we were unable to make a new account. Total disregard for the user, lamentable service Payoneer. However, PayPal use today without giving any problem.
 

KelvinSmith

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#20
I used to dropship a lot of products and used Paypal as a payment processor, little did I knew that I was going to end up in big trouble for using a payment processor for dropshipping business. Never ever trust the guys at Paypal with your hard earned money. They have this habit of favouring buyers most of the time. I ended up losing my verified Paypal account which was like 6 years old.
 

overcast

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#22
I am using Payoneer for freelance payments. And the bank transfer feature is really good. Also USD to INR conversion is good enough. You can get money on second day compared to paypal's 4 th day bank transfer. Also the issue of 20$ minimum for withdrawal is not really a problem. I keep both paypal and payoneer as options so you never know which option may work out for you. In my case, I find the payoneer lot better due to conversion rates.
 

vinaya

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#23
of course paypal. Paypal is available in many countries, it is the most preferred payment system from many companies. Payoneer is available in many countries including the countries where paypal is not available or has limited functionality. However, it is really dificult to find companies that pay throiugh payoneer. One of the drawbacks of payoneer is account maintenance fees. You have to pay $1 (perhaps more, I am not sure) every month to maintain your payoneer account.
 
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