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Monobank vs Payoneer
Monobank and Payoneer are both payment receiving platforms. On a $1,000 payment you keep about $990 on Monobank and $960–$995 on Payoneer, before withdrawal or currency-conversion costs.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- On a $1,000 payment you keep about $990 on Monobank and $960–$995 on Payoneer, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer. Only Monobank offers Card-to-card and ATM. Only Payoneer offers ATM card.
- Payoneer is the older platform — founded in 2005, 12 years before Monobank (2017).
- Monobank is based in Ukraine, Payoneer in United States.
- Monobank focuses on Ukraine, while Payoneer operates internationally.
Which should you choose?
Choose Monobank if…
- Keeping more of each payment matters most — its fee is lower.
- You want to withdraw via Card-to-card and ATM.
- You live in Ukraine.
Choose Payoneer if…
- You want to withdraw via ATM card.
- You prefer a long track record (since 2005).
Side by side
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Monobank
Open a sole-proprietor account to receive client payments, including SWIFT and SEPA.
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Payoneer
The freelancer favorite for international payments - receiving accounts in USD, EUR, GBP and more, connected d…
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|---|---|---|
| Type | Payment receiving like Payoneer | Payment receiving like Payoneer |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | Yes |
| Fees | Free P2P own funds, ~1% to foreign cards | Withdrawals 1.2-4% ($1.50 USD to US), 0.5% conversion, $29.95/yr if under $6K |
| Withdraw via | Card-to-card, bank transfer, ATM | Bank transfer, ATM card |
| Availability | Ukraine | 190+ countries |
| Local to | Ukraine | — |
| Founded | 2017 | 2005 |
| Headquarters | Kyiv, Ukraine | New York, United States |
| Stock ticker | — | NASDAQ: PAYO |
| Popularity | 39 views · 0 likes | 58 views · 0 likes |
Frequently asked questions
Which is cheaper, Monobank or Payoneer?
On a $1,000 payment you keep about $990 on Monobank and $960–$995 on Payoneer, before withdrawal or currency-conversion costs.
Where are Monobank and Payoneer available?
Monobank: Ukraine. Payoneer: 190+ countries.