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Payoneer vs TrueMoney
Payoneer and TrueMoney are both payment receiving platforms. On a $1,000 payment you keep about $960–$995 on Payoneer and $1,000 on TrueMoney, 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 $960–$995 on Payoneer and $1,000 on TrueMoney, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer. Only Payoneer offers ATM card. Only TrueMoney offers ATM/7-Eleven cash-out.
- TrueMoney is the older platform — founded in 2003, 2 years before Payoneer (2005).
- Payoneer is based in United States, TrueMoney in Thailand.
- TrueMoney focuses on Thailand, Cambodia and Myanmar, while Payoneer operates internationally.
Which should you choose?
Choose Payoneer if…
- You want to withdraw via ATM card.
Choose TrueMoney if…
- Keeping more of each payment matters most — its fee is lower.
- You want to withdraw via ATM/7-Eleven cash-out.
- You live in Thailand, Cambodia or Myanmar.
Side by side
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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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TrueMoney
A Southeast Asian e-wallet for receiving payments, transfers, and bill pay.
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|---|---|---|
| Type | Payment receiving like Payoneer | Payment receiving like Payoneer |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | No |
| Fees | Withdrawals 1.2-4% ($1.50 USD to US), 0.5% conversion, $29.95/yr if under $6K | Free top-up/payments, ~20 THB bank transfer |
| Withdraw via | Bank transfer, ATM card | Bank transfer, ATM/7-Eleven cash-out |
| Availability | 190+ countries | Thailand + SEA markets |
| Local to | — | Thailand, Cambodia, Myanmar, Vietnam |
| Founded | 2005 | 2003 |
| Headquarters | New York, United States | Bangkok, Thailand |
| Stock ticker | NASDAQ: PAYO | — |
| Popularity | 58 views · 0 likes | 45 views · 0 likes |
Frequently asked questions
Which is cheaper, Payoneer or TrueMoney?
On a $1,000 payment you keep about $960–$995 on Payoneer and $1,000 on TrueMoney, before withdrawal or currency-conversion costs.
Where are Payoneer and TrueMoney available?
Payoneer: 190+ countries. TrueMoney: Thailand + SEA markets.