Payoneer is a long-established global payments platform with roots in New York dating back to 2005. Over two decades, it has grown into a widely used solution for freelancers, marketplaces, and international businesses. While Payoneer offers impressive global reach, it also comes with limitations that may matter for companies with more complex needs.
So how does Payoneer compare to Easykonto, a newer but more flexible alternative built for international businesses? Let’s break it down.
Key Takeaways
Payoneer primarily serves freelancers, businesses, and marketplaces with tools for receiving and sending international payments. It supports operations in more than 190 countries and withdrawals in over 70 currencies.
However, Payoneer does not offer personal accounts and has limited support for complex business structures, multi-entity setups, and advanced treasury management.
Easykonto positions itself as an alternative by offering business-focused multi-currency accounts, fast onboarding, flexible compliance, and better support for international and growing companies.
What Is Payoneer?
Payoneer was founded in 2005 in New York by Yuval Tal and launched its first payment services shortly after. Over time, it expanded into prepaid debit cards, marketplace integrations, and large-scale payout solutions.
The company went public in 2021, and by late 2025, it reached a valuation of over $2.8 billion. Its core value proposition remains global payment collection and distribution — especially for freelancers, exporters, and digital marketplaces.
Why Choose Payoneer?
Payoneer appeals most strongly to freelancers, online sellers, and marketplaces that need reliable international payment collection and payouts.
Its strengths include global availability, local receiving accounts in multiple currencies, and direct integrations with major platforms. Payoneer supports users across the US, UK, EU, APAC, and emerging markets, making it accessible almost anywhere.
The platform supports payments in more than 190 countries and withdrawals in around 70 currencies, enabling businesses to receive funds from international clients and platforms with relative ease.
Core Products and Services
Payoneer’s main offerings focus on payments and payouts, including receiving funds through payment requests, invoicing, checkout tools, and marketplace integrations.
Users can send funds via B2B payments, contractor payouts, VAT payments, and Payoneer card transactions. Payoneer also issues prepaid Mastercard cards in USD, EUR, GBP, and CAD.
Additional features include currency conversion and balance management, workforce payment tools, capital advances for eligible businesses, and marketplace-specific services such as mass payouts, tax automation, and payment security.
Pricing and Fees
Payoneer mainly uses a pay-as-you-go pricing model rather than fixed monthly plans. Fees vary significantly depending on currencies, regions, and transaction types.
Inbound payments typically range from 1% to 3.99%, while outbound payments usually fall between 0.5% and 3%. Currency conversion fees apply when using cards outside the base currency.
Payoneer also charges annual fees in some cases, including a $29.95 account fee for low-activity accounts and a $29.95 annual card fee. Additional costs may apply depending on region, usage, and integrations, making the fee structure complex for some users.
Target Audiences and Use Cases
Payoneer serves a wide range of industries, including e-commerce, IT outsourcing, marketing agencies, wholesale exporters, startups, app developers, dropshippers, creators, and freelancers.
E-commerce sellers use Payoneer to receive global payments, pay suppliers, and manage multiple currencies. Large platforms such as Wish have used Payoneer to scale payment volumes rapidly.
Marketing agencies benefit from billing tools, FX conversion, and virtual cards, while freelancers rely on Payoneer for receiving payments from international clients and platforms like Fiverr.
Compliance, Security, and Fund Protection
Payoneer operates as a registered US Money Services Business and maintains offices in multiple countries to support its global footprint.
In the UK and EU, Payoneer follows safeguarding rules by holding client funds in segregated accounts. While this protects user funds in case of insolvency, it is not the same as deposit insurance.
The platform complies with AML regulations, is PCI Level 1 certified, and uses standard security measures such as two-factor authentication, fraud monitoring, and card usage alerts.
Payoneer’s Main Limitations
Despite its strengths, Payoneer has notable constraints.
It does not offer personal accounts and focuses strictly on freelancers and businesses. Support for complex company structures, group treasury management, and multi-entity governance is limited.
Its fee structure can be difficult to predict, with multiple variable charges depending on transaction details. Transfer limits also exist but are not clearly disclosed upfront, as they vary by user.
Team access and shared account functionality remain limited, and Payoneer restricts or excludes certain industries, including some crypto, real estate, and regulated sectors.
How Payoneer Compares to Easykonto
Both Payoneer and Easykonto provide web-based access and support international businesses, but they are built for different use cases.
Payoneer focuses on payment collection and payouts, operating mainly as a global payment processor. Easykonto, by contrast, provides full multi-currency business accounts with IBANs and broader operational functionality.
Payoneer uses transaction-based pricing with additional annual fees, while Easykonto offers transparent business pricing without sign-up fees and with fewer hidden costs.
Payoneer supports withdrawals in more currencies and slightly more countries, but Easykonto offers stronger support for structured businesses, bulk payments, team access, and scalable operations.
Payoneer issues cards today, whereas Easykonto focuses on account-level flexibility and integrations, with card solutions evolving separately.
In terms of regulation, Payoneer operates under MSB and safeguarding frameworks in the US and UK. Easykonto operates under an EMI model with regulated partners, safeguarding funds while enabling faster onboarding and international reach.
Easykonto is also more open to crypto and innovative sectors, restricting only illegal activity and adult content, while Payoneer maintains a broader list of restricted industries.
The Bottom Line
Payoneer is a strong option for freelancers, marketplaces, and businesses that primarily need international payment collection and payouts with wide geographic coverage.
However, its lack of personal accounts, limited support for complex business structures, and variable fee model make it less suitable for growing or multi-entity companies.
Easykonto is better suited for international SMEs, startups, founders, and digital businesses that need multi-currency business accounts, fast onboarding, flexible compliance, and operational scalability.
👉 Open an Easykonto account today and get a business banking setup designed for global growth without unnecessary complexity.