Payoneer vs. Venmo for Business

Payoneer is well suited for small to large-scale organizations for sending and receiving payments and establishing business internationally. Because their customer service crew is inexperienced, payment and account-related issues can arise and take a long time to fix. It's also appropriate for individuals or freelancers that need a payment provider that can collect payments from all over the world.

Incentivized

It’s well suited for timely transactions, ease with use and visibility at all times, with confirmations seen on both ends. I’ve had no difficulties using it and no situations come to mind whereby it is less appropriate to use. I would highly recommend Venmo for Business if/when ever asked by a colleague.

Incentivized

• The best part of Payoneer is that there is no deduction of any commissions like we have in PayPal.
• I always get notifications regarding the remuneration which helps me in tracking my money.
• The payments gets automatically transfer to my bank account without any hassle.
• The conversion rate of the currency is higher than other payment tools like PayPal.

Incentivized

• Timely payout
• Ease of use
• Visibility at all times

Incentivized

• For some international countries it take a lot to get the physical card. This may be related to the local post office too, but it's a hassle for new users
• It would be good to have tutorials on how to do basic tasks in video or audio, for users that can't read for too long or have a disability

Incentivized

• Take out transaction fee. They are not PayPal
• More understanding with bitcoin
• Invoicing would be a good feature

Payoneer helps me a lot on my online business journey, it gave me the support and functions that I want.

Incentivized

I find that it is very easy to use, manipulate and I've had no issues at all whenever using it for Business or even personal purposes as well. I've never received any complaints or questions on either side whenever using it as well, and have only heard others speak about it in a positive manner too.

Incentivized

The support is really awful. They send you generic answers, and actually don't really understand what is going on. For example, when our re-verification was stuck, support agents told me that the account is active and you can send a payment. I did that, my card was charged, but the payment was declined, because the account was not active

Before Payoneer, I used Paxum, a Canadian product, that was or is similar but more expensive. Also used Payza(later Ecopayz), and European alternative, they have their ups and downs, they aren't even listed in the Search above, basically they are both payment gateways that allow using several payment methods, and any payment gateway, the problem is they don't have any bank accounts associated with them, therefore they are more limited in that regard. Both use a card as the main withdrawal method, and both support international currencies, but there as I mentioned there isn't any bank account associated with them, nor there is a way to connect them to Stripe.

Incentivized

PayPal has more work items for businesses. It has invoicing, time tracking, and marketing strategies. I could [use] PayPal to run my business like I do with QuickBooks. Affiliates with other business is crazy. Plus, they also carry debit and credit cards for business and personal purposes. Venmo is the little brother [of PayPal].

• Using Payoneer we have grown very well especially in 3rd world countries.
• Due to its nominal transaction charges and better exchange rates, we get a decent ROI.
• Since it is a very easy to use payment gateway and does not require many technicalities hence it is very well accepted which helps us in "ease of doing" business.

Incentivized

• Give customers reassurance
• Secure money account
• More marketing strategies