- User Rating
- Transfer Type
- Regular Payments
- Mobile App
- Min Transfer Amount
- Free $50 Coupon.
- Receiving FREE / 1%
- 0 - 3 Days
- Varies Per Customer
Whether you choose Payoneer or CurrencyFair to send money overseas, you can be sure that the money will get to the recipient safely and quickly. However, will selecting one company over the other work in your favor? There is no simple answer to this question, given that individual requirements tend to vary.
If you wish to find out what previous customers of both companies have to say about their services, consider taking the CurrencyFair vs. Payoneer comparison to Trustpilot, a review-based website. Here, Payoneer averages at 9.2 out of 10, and CurrencyFair does slightly better, at 9.3 out of 10.
You may arrive at an informed decision of selecting CurrencyFair or Payoneer after taking the following aspects into account:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
This aspect might have a bearing on whether you should select Payoneer or CurrencyFair. Bear in mind that both companies follow different pricing structures.
- You may send money to other Payoneer users anywhere in the world without paying transfer fees.
- Payments received from other Payoneer users in U.S. dollars, pound sterling, and euros attract no fees.
- Withdrawing money from a Payoneer account into a local bank account attracts fees, which vary depending on where you live.
- Online sellers pay no fees upon receiving payments in pound sterling, euros, Australian dollars, Canadian dollars, Chinese yuan, and Japanese yen.
- Online sellers who receive payments in U.S. dollars pay a 1% fee.
- If you use the Mastercard in an unlisted currency, a currency conversion fee of up to 2.5% applies.
- You may get more details about the company’s fee structure online.
- Most transfers through CurrencyFair attract 0.35% plus €3 as fees.
- Fees for transfers carried out through the CurrencyFair Exchange system depend on whether or not a transfer finds a match.
- Further details about the company’s fee structure are made available online.
Ease of Use
The language you want website access in might play a role in your selecting CurrencyFair or Payoneer. Sending money through both companies is fairly simple. Both provide apps for iOS and Android.
- Website access comes in various languages, some of which include English, Spanish, German, Portuguese, Polish, Italian, Russian, Indonesian, and Vietnamese.
- You may transfer funds only to another Payoneer account, and not directly to an overseas bank account.
- The recipient then needs to withdraw funds from a Payoneer account into a local bank account.
- Payoneer gives businesses and online sellers access to receiving accounts in U.S. dollars, Canadian dollars, pound sterling, euros, Japanese yen, Australian dollars, and Chinese yuan.
- You may pay via a bank account transfer or a credit card.
- Residents of the U.S. may pay via eChecks.
- You may access funds in your Payoneer account using a prepaid Mastercard.
- You may use the CurrencyFair website in English, French, or German.
- The company accepts payments only through bank account transfers.
- It accepts payments in most major currencies as well as in some exotic currencies.
Regular Overseas Payments
One company does better than the other in this section of the Payoneer vs. CurrencyFair comparison. While you may set up scheduled transfers according to your needs with CurrencyFair, Payoneer is yet to start offering this functionality.
- Is CurrencyFair’s competition up to the task?
- Is CurrencyFair similar to MoneyGram?
- Get a more in depth feel for CurrencyFair features.