Payoneer

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Payoneer Review

For businesses that frequently send and receive online payments, Payoneer's flexible billing and multicurrency support could be a good fit.

    Frank Kehl
  • UPDATED

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Frank Kehl

Frank Kehl

Expert Analyst & Reviewer at Merchant Maverick
Frank Kehl has been researching and analyzing merchant services, payment gateways, and international money transfer services since 2015. He has a Bachelor of Science degree from Penn State and a Juris Doctorate from the Ventura College of Law.
Frank Kehl
View Frank Kehl's professional experience on LinkedIn.



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18 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Muhammad saeed

    Organization Name: mr-beele.com

    I never advise anyone to use this bank after today, they stole my money, I withdrew money on my bank account and 8 working days passed and nothing arrived to me and when I contact them they say today the money will reach you and the day passes and nothing arrives, every day they lie On Me, Payoneer is SCAM

    This comment refers to an earlier version of this review and may be outdated.

    john

    Organization Name: Inactivity Inc

    Inactivity fees??? 4/5???

    My biggest problem with websites these days (actually always) is that there is no honesty and they are all trying to impress a brand or sell something or advertise, honesty is no more wanted, yeah you did mention some problems but is the rating reflecting this?

    This company is basically stealing people in fees for not using their account, we want a company that can remove paypal and they’re that stupid? no chance I will ever use them and many will avoid them too, they should be trying their best to keep every single user and get as many as they can, they are shooting their own foot, sad…

    You admit that in your own words and you still rate them 4/5? what does it require for you to rate them lower? you either did not use them and don’t care about an honest rating or have lots of money to throw away or got paid to make this rating, chose one, it can’t be anything else, there is a million other services to use these days and you didn’t mention any of them, I don’t need this company, stop giving ratings like candy.

    Proper rating 1/5 (unless you’re rich and love throwing away money)

    This comment refers to an earlier version of this review and may be outdated.

    Jessica Dinsmore

    Hi John,

    Thanks for offering your perspective. To answer your question “what does it require for you to rate them lower? you either did not use them and don’t care about an honest rating or have lots of money to throw away or got paid to make this rating” Here are links to both our rating and scoring guide, as well as how we make money (without getting paid for reviews).

    With that out of the way, it’s worth mentioning that this review pre-dates our more formal scoring system, and since publication, we’ve received a steady stream of complaints from Payoneer customers. If/when this review is updated, it will most likely receive a lower score based on our newer scoring guidelines.

    It’s also definitely worth mentioning that we’re not fans of inactivity fees either! However, Payoneer is certainly not the only company in the payments industry to use them, though, they do allow for lower transaction fees than some competitors. So for a merchant who is going to be making transfers on a regular basis, it’s a reasonable tradeoff since they should be able to avoid paying any inactivity fees. A company like TransferWise might be a better choice for occasional use. Thanks!

    This comment refers to an earlier version of this review and may be outdated.

    Idan Zamir

    Organization Name: ALL Services Holding and Entrepreneurship LTD

    Never Transfer money with payoneer!!!Never open account in payoneer!!!Never use services of payoneer!!!!There site look promised but all false!!!Sucks services – the pended my money over 8 dayscause me lot of damaged.and is not one time case.After waste 7 days in chat support,I had no choice to suit them!!!!DONT EVER USE PAYONEER!!!

    1

    This comment refers to an earlier version of this review and may be outdated.

    Jamie Snyder

    Horrible company. It took 8 business days to send a payment to the company that used them. I then, as the customer of their account holder, had submit my identification on 5 different occasions even after my bank had already approved the charge. I then had to spend almost 2 hours on the phone with the company, resubmitting the IDs again 3 more times. I feel bad for anyone that uses this company because of the amount of business they lose because their costumers finally get tired and go elsewhere. A customer of yours should not have to go through this many hoops just to pay you.I wouldn’t recommend this company to my worst enemy.

    1

    This comment refers to an earlier version of this review and may be outdated.

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