What Is the Difference Between Payoneer & PayPal?

by John Lister
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PayPal and Payoneer both offer online financial services that allow you to make and receive payments. They differ in their fee structure and the way they interact with your other accounts. The two services also differ in how you can use them for making purchases, as well as international availability.


PayPal is an online financial account that you can link to a traditional bank or credit card account. You can transfer money between your PayPal and other accounts in both directions. You can also choose to use your other accounts, such as your credit card, when making a payment through PayPal.


Payoneer is also an online financial account, but it comes with its own physical card, which is a debit card administered by MasterCard. You can use this card to make payments using your Payoneer balance, and also withdraw money from an ATM, also from your Payoneer balance.

Mobile Apps

PayPal offers a smartphone application for iPhone, Android and Windows Phone devices, allowing you to make payments in selected stores without needing cash. The app generates a barcode which the store staff can scan, then transfers money from your PayPal or linked bank account to the store. Payoneer does not offer a mobile application.


Payoneer primarily charges loading fees, meaning a fee when you transfer money from a bank account to your Payoneer balance. As of February 2013, this is 1 percent of the transferred amount from a checking or savings account, and 3.75 percent of the transferred amount from a credit card. PayPal has a more complex fee structure. As a general rule, there is no fee for transferring money to or from your PayPal account, or for making a purchase. There is a fee for receiving money when selling through PayPal; this varies, but is made up of a fixed amount plus a percentage of the payment amount. If you make or receive payments in a foreign country, the exchange rate may be adjusted in PayPal's favor, which constitutes another fee.


Neither company operates in every country. In some countries, one or both services imposes restrictions such as limits of payments or extended clearing times. If you are not based in the United States, or you frequently make or receive payments to or from people in other countries, check these restrictions before choosing either service.

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