Paypal vs Payoneer

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Paypal vs Payoneer

Experienced and published authors, I seek your advice. Is it better to go with PayPal or Payoneer? I imagine there is commission to pay with both? Any other considerations?

 

Thanks in advance for your advice. 

LL
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Re: Paypal vs Payoneer

It depends on the country you live in. The fees are usually different for different regions. They also change frequently. I did a calculation a while ago for Germany and figured that any transaction below 100 USD is cheaper via PayPal, anything above is cheaper via Payoneer. But I cannot even say if that still holds true because since then I have received several emails regarding change of policy, likely including fees as well.

Unfortunately they are not super transparent either e.g. the fees are partly hidden in lower currency exchange rates than average and they are not listed anywhere, so it is not too easy to compare allover.

I mostly use Payoneer though because I feel they are more customer friendly, the transactions are faster and I have heard multiple times of PayPal withholding money for no reason.

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Re: Paypal vs Payoneer

Thanks so much, Esther, for your advice.

 

I live in the UK. Customer service is important as well. If anyone else has any experience of these issues, I'd still like to know.

LL
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Re: Paypal vs Payoneer

Hi

Have you any more experience of receiving payments, Lizzy? I'm in the same position - wondering which to choose to receive payments from Udemy.

Gerrard

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Re: Paypal vs Payoneer

Just seen your question even though it's a year old, but this answer may be useful.

 

If you're outside the US, PayPal will probably hit you with high currency conversion fees, but how high it is depends on the country you're in. When I was based in Thailand, PayPal were charging around 5-7% to transfer into my local bank account. PayPal sets its own currency conversion fees.

 

Payoneer has a flat % for currency conversion. I think it's 2% (can't quite remember, but you can check on Payoneer's website). And they base their currency rate on the real currency exchange rate.

 

So, Payoneer for non-US residents.

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Re: Paypal vs Payoneer

Hi - I'm from the UK too, and have just opened a Payoneer account thinking that the fees will be less than PayPal.  What's your experience on  PayPal v Payoneer re: fees and service for UK instructors? Thanks.

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Re: Paypal vs Payoneer

Charles, 

What about within the US? Is Paypal the best option or Payoneer? 

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