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Payoneer vs Wise
Payoneer and Wise are both payment receiving platforms. Fees — Payoneer: Withdrawals 1.2-4% ($1.50 USD to US), 0.5% conversion, $29.95/yr if under $6K. Wise: Low conversion fees at the mid-market rate.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- Fees — Payoneer: Withdrawals 1.2-4% ($1.50 USD to US), 0.5% conversion, $29.95/yr if under $6K. Wise: Low conversion fees at the mid-market rate.
- Both pay out via Bank transfer. Only Payoneer offers ATM card. Only Wise offers Debit card.
- Payoneer is the older platform — founded in 2005, 6 years before Wise (2011).
- Payoneer is based in United States, Wise in United Kingdom.
Which should you choose?
Choose Payoneer if…
- You want to withdraw via ATM card.
- You prefer a long track record (since 2005).
Choose Wise if…
- You want to withdraw via Debit card.
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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Wise
A multi-currency account with local bank details in 9+ currencies - clients pay you like a local, and conversi…
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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 | Withdrawals 1.2-4% ($1.50 USD to US), 0.5% conversion, $29.95/yr if under $6K | Low conversion fees at the mid-market rate |
| Withdraw via | Bank transfer, ATM card | Bank transfer, Debit card |
| Availability | 190+ countries | 160+ countries |
| Founded | 2005 | 2011 |
| Headquarters | New York, United States | London, United Kingdom |
| Stock ticker | NASDAQ: PAYO | LSE: WISE |
| Popularity | 57 views · 0 likes | 33 views · 0 likes |
Frequently asked questions
Which is cheaper, Payoneer or Wise?
Payoneer: Withdrawals 1.2-4% ($1.50 USD to US), 0.5% conversion, $29.95/yr if under $6K. Wise: Low conversion fees at the mid-market rate.
Where are Payoneer and Wise available?
Payoneer: 190+ countries. Wise: 160+ countries.