Payoneer vs. Stripe: Exclusive comparison plus a table
When searching in the list of online payment solutions, there are thousands of options to choose from, but what matters is that you go with the one that matches your financial needs the most. Two of the most leading options in this list are Payoneer and Stripe. When it comes to Payoneer vs. Stripe, there are several niches that differentiates them. But at the end of the day, which is a better option? Follow the rest of this article to know all about the differences between these two famous payment options.
Users of ten find it difficult to choose among two payment solutions. However, having the proper source of comparison, you can easily choose the option that best suits your financial needs. Follow the rest of this article for a detailed comparison between Payoneer vs. Stripe.
Pros and cons of Payoneer
Pros of using Payoneer:
- Freelancers, service providers, online shops (e-commerce), and digital marketers can use Payoneer to process payments online.
- Payoneer offers free international transfers between accounts.
- Payoneer offers 24-hour, multilingual customer support.
- The system provides a function for personalized billing that enables payment requests from particular customers.
Cons of using Payoneer:
- Your account may be charged a variety of Payoneer fees.
- The fees for Payoneer cards are rather expensive.
- For e-commerce businesses, the fact that Payoneer is not a frequently used payment method occasionally may be a barrier.
- International transactions inside the system are charged a 2% fee in addition to an annual fee for Mastercard use.
🔶See also: Payoneer vs. Skrill
Pros and cons of Stripe
Pros of using Stripe:
- With hundreds of payment options available in more than 135 countries, Stripe is a potent payment processor for online transactions.
- Stripe has no setup, collection or monthly fees.
- The system offers advanced developer tools that allow you to create a checkout flow that is highly customizable.
- A Stripe account is simple to create, and 24/7 customer service is available via phone, email, and live chat to address any problems on your end.
Cons of using Stripe:
- The open API and some other tools of the website may be difficult to use without having expertise in the niche, so you might need to ask for someone’s help for getting an online payment gateway from the system.
- In-person businesses and restaurants may encounter certain limitations when using the system.
Payoneer vs. Stripe
Here are some of the main differences between Payoneer and Stripe:
- Both Payoneer and Stripe only offer money transfer solutions for freelancers and businesses and not individuals and personal customers.
- Payoneer fees include money transfers, local bank accounts, using their Mastercard to make purchases abroad, and a few other things, while Stripe fees might vary based on the country from which you register.
- Payoneer payment options include bank account transfers, debit card, credit cards and Payoneer balances, whereas Skrill accept payments via bank account transfers, credit cards, debit cards, checks, as well as various region-specific methods such as ACH credit, ACH direct debit, SEPA direct debit, Alipay, SOFORT, iDEAL and WeChat Pay.
- Both Skrill and Stripe offer an app which is available for iOS and Android.
- Payoneer transactions take up to 3 business days upon payment, Stripe transactions also take something between 3-4 business days.
- Payoneer customer support is available via chat, email and over the phone, while Stripe provides customer support via chat, email and phone.
- Payoneer offers services in more than 200 countries while Stripe supports only 40 countries.
- Stripe supports payments in more than 135 currencies, whereas Payoneer supports not more than 20 currencies.
- Both services are regulated and trusted in several different countries.
🔶Related: PayPal vs. Stripe
Comparison table
| Payoneer | Stripe | |
| Fees | Payoneer fees include money transfers, local bank accounts, using their Mastercard to make purchases abroad, and a few other things | Stripe fees might vary based on the country from which you register |
| Payment option | bank account transfers, debit card, credit cards and Payoneer balances | bank account transfers, credit cards, debit cards, checks, as well as various region-specific methods such as ACH credit, ACH direct debit, SEPA direct debit, Alipay, SOFORT, iDEAL and WeChat Pay |
| App | yes | yes |
| Customer Support | chat, email and over the phone | chat, email and phone |
| Supported countries | 200 countries | 40 countries |
| Supported currencies | 135 currencies | 20 currencies |
| Safety | regulated and trusted | regulated and trusted |
A better alternative to Payoneer and Stripe
Payoneer and Stripe, both are payment solutions that bring several benefits to their users all around the world. The variety of currencies offered by Payoneer surpasses those offered by Stripe, thus a better option for growing businesses and big companies. However, both services are highly secure and convenient in terms of use.
To find the right solution to your financial needs, you should also consider other options and alternatives. PayPax is an all-in-one payment solution with an instant and easy to use app that can save up most of your time and cut the edges on your expenses by offering cost-effective fees. What makes PayPax superior to others is that PayPax offers services to both individuals and businesses worldwide.
Additionally, if you ever needed to transfer money from one processor to another, all you would need is a reliable and highly secure online exchange to provide you with a safe and secure method for doing so with the best and most recent rates and lowest costs. Visit PayPax.io and enjoy a world of endless opportunities.
PayPax
PayPax provides individual and business online payment solutions Contact us for all you need
Follow paypax social media :
