What is Payoneer used for?

Payoneer is a cross-border payments platform for freelancers, marketplaces and businesses that receive, send and manage money internationally. It is a good fit for freelancers getting paid by overseas clients, marketplaces paying sellers at scale and companies paying international contractors.

How much does Payoneer cost?

Payoneer is a paid product with no free plan.

Is Payoneer open source?

No. Payoneer is proprietary (closed-source) software and can't be self-hosted. In the Finance & Accounting category, open-source options include Hyperswitch, Lago and Invoice Ninja.

What are some alternatives to Payoneer?

Payoneer competes with Wise, PayPal and Tipalti.

Payoneer: features, pricing and alternatives

About Payoneer

Payoneer is a financial platform for businesses and individuals who get paid or pay others across borders. Freelancers, ecommerce sellers, marketplaces and companies use it to receive funds from international customers, send payments to suppliers and contractors, and manage balances in several currencies.

Products include receiving accounts that can collect payments in more than 70 currencies, payment requests and invoices, payment links, a website checkout, single, batch and mass payouts, VAT payments across several countries, corporate cards, expense management, Smart FX for currency conversion and working capital advances. A workforce suite offers Employer of Record, Agent of Record and contractor management, and developer APIs and integrations connect Payoneer to other tools.

Solutions are organized by customer type, such as business, freelancer, marketplace and ecommerce seller, and by industry, including software, BPO and professional services, marketing agencies, wholesale and mobile apps and gaming. Payoneer is a hosted commercial service with a published pricing page, and it cannot be self-hosted.

Key features

Receiving accounts in 70+ currencies
Payment requests, invoices and payment links
Single, batch and mass payouts
VAT payments across countries
Corporate cards and expense management
Employer of Record and contractor management
Developer APIs and integrations

Good fit for

→Freelancers getting paid by overseas clients
→Marketplaces paying sellers at scale
→Companies paying international contractors

Tags: payments; cross-border; freelancers; payouts; marketplaces; fintech; multi-currency

Payoneer: questions and answers

What is Payoneer used for?: Payoneer is a cross-border payments platform for freelancers, marketplaces and businesses that receive, send and manage money internationally. It is a good fit for freelancers getting paid by overseas clients, marketplaces paying sellers at scale and companies paying international contractors.
How much does Payoneer cost?: Payoneer is a paid product with no free plan.
Is Payoneer open source?: No. Payoneer is proprietary (closed-source) software and can't be self-hosted. In the Finance & Accounting category, open-source options include Hyperswitch, Lago and Invoice Ninja.
What are some alternatives to Payoneer?: Payoneer competes with Wise, PayPal and Tipalti.