Payoneer alternatives
Payoneer is one of the leading names in the cross border payments market. Since going public in 2021, it has shown impressive growth, from $473 million to $978 million in revenue.
That's a 27% compound annual growth rate, and its transaction volumes have followed, jumping from $55 billion to $80 billion.
Impressive numbers. But through the first half of 2025, income slumped 29% compared to the previous year.
That's an alarm bell in the cross border payments market, which is growing rapidly, fueled by international trade, digital transformation and payoneer competition.
Scratch a little closer and you'll see reports of discontented customers, especially as Payoneer alternatives are popping up to offer cheaper and faster options.
What is Payoneer?
Payoneer was founded in 2005, and for over two decades, it has provided online money transfer services with a special focus on cross border payments for both businesses and freelancers. It provides the ability to both make payments and receive payments using multi currency accounts.
Freelancers can get paid by clients by requesting payments into Payoneer. Or they can connect to global platforms like Upwork and Fiverr to get paid via these services. In many countries, it allows individuals to get paid by clients without the need for traditional banking infrastructure. Although funds can be withdrawn to local bank accounts, you can also make payments to other suppliers directly from the account.
Businesses can receive funds, send basic invoices, add Payoneer checkout to websites and withdraw funds to their bank account. Payoneer can also help you expand your global workforce with employer of record, contractor management and paying your VAT, all from your digital account.
While that all sounds great, there are some limitations and complaints that come up when using Payoneer.
Limitations of Payoneer
So, what are the downsides, and why would you look for a Payoneer alternative?
1. Complex fee structure
Depending on the method you use for withdrawing money to a bank account, you can end up paying 1 3%. Currency conversion markups when converting between currencies tend to vary between 2 3.5% above market rates. In addition, if you want to use the Payoneer Mastercard, there's an annual fee of nearly $30. Plus, if your account is inactive for a specific period of time, another $29.95 fee applies.
2. Processing and verification issues
Many users on Reddit report account freezes for unknown reasons, which can last 30 days or more. Adding to this, withdrawals aren't always as quick as you'd like, sometimes taking between 2 and 5 days to receive funds. Plus, while it's meant to be a global platform, it can be challenging to access all areas with no service provided in certain countries.
3. Limited features and flexibility
Standard accounts receive minimal customer support, so if you have issues, it can be hard to speak to customer service.
For businesses, functionality can be restrictive as you're confined to Payoneer's framework, reducing the flexibility for certain business needs.
There's also limited cryptocurrency support. While you can use Payoneer to buy crypto on other platforms, there's no inbuilt crypto or stablecoin functionality to make global payments.
And when it comes to invoicing, the customization and setup are quite basic compared to more dedicated invoicing payment platforms.
If you're relying on Payoneer to grow your business, then you might find yourself with limited flexibility and hurt profit margins with constant fees..
Let's give you an example: A typical freelancer earning $5,000 a month via Payoneer could lose up to $200 monthly on fees alone. That would total more than $2,000 annually in lost income.
So, what are the alternatives to Payoneer?
Acctual: The top Payoneer alternative
Acctual is the most flexible and easiest way to get paid in any currency.It provides complete versatility for your cross border payments, whether you're a growing business or a freelancer. The platform enables your clients to send payments in fiat, like euros or dollars, and you receive funds however you like, including stablecoins directly into your crypto wallet.
Unlike Payonner, Actual doesn’t have ‘on platform accounts,’ so your account can never be locked. All funds go straight to your bank account or crypto wallet.
If you’re a business who can‘t rely on cards or wire transfers, then Acctual exists for you to get paid or make payment without long wait times, excessive fees or managing multiple tools.
You can choose how you want to get paid, and allow your client to pay however they would like. You send an invoice for the client to pay in BTC, USDT, USDC, USD or whatever they prefer. Then funds land in your wallet or bank however you want. No custody taken, no signup, no platform risk. It’s flexible finance software for modern businesses that happens to integrate crypto fluently.
There’s fiat to fiat, crypto and everything in between with no allegiance to a specific wallet, bank or card issuer. This flexible payment layer removes the headaches of cross border payments. There's no need to manage multiple currency accounts, wait for slow payouts, or worry about frozen accounts. Instead, you can focus on growing your business and quickly move into international markets.
And while apps like Payoneer hammer you on fees, Acctual has no hidden costs or surprises.
Simple sign up flow
When it comes to Payoneer competitors and alternatives, no one has a quicker sign up process than Acctual. In a couple of minutes, you can create an account via your Google email or manually with an email and password.
You'll be guided through a simple flow to customize your account to your specific business requirements. For freelancers and sole proprietors, there's an individual account, or companies can select a business account linked with their registered company, business, or entity.
For complete automation, you can then integrate your accounting or ERP system, like QuickBooks or Xero. Everything will be ready to go with minimum effort or time.
Say goodbye to manual data entry so your team can focus on more strategic jobs rather than drowning in admin.
Powerful invoice creation
Acctual's invoicing tool really sets it apart as an alternative to Payoneer. The invoice creation includes time saving automation combined with complete flexibility.
As soon as you start building your invoice, data is auto filled. Add your business and your client's business emails, Acctual goes and finds billing details and brand logos automatically.
Once you've got all the business information into your invoice, you can select your client's preferred payment methods along with an itemized list of products or services and prices. Next, add your payment details. That could be a fiat bank account or connecting your crypto wallet, followed by the invoice terms, including the due date, issue date and invoice number.
Once you've finished the invoice creation flow, everything is ready. You can have the invoice sent directly to a client's email or download it to send as a PDF.
Complete invoice management
All businesses have to deal with late and unpaid invoices. It's frustrating, but usually the problem lies with improper invoice management.
Acctual doesn't just send invoices, it has complete management for all your payments. After an invoice is sent, you can always keep track of its status. If a client misses a due date or loses an invoice, you can easily resend via email, payment link, or PDF.
Any payments made outside of Acctual can be manually changed in status. You can select whether the payment was made in crypto or fiat, add the paid date and even a transaction link to crypto payments, plus a memo for any relevant notes. Should anything go wrong with an invoice, you can quickly void it and add a memo, all of which is reflected back in your accounting system.
Bill payment
Acctual helps you manage all your global payments both in and out of your accounts. So if you feel like you're constantly trying to keep track of your bills to avoid late payment penalties and maintain customer relationships, Acctual can take the job off your hands.
For all your international payments, you can use the Bills functionality to add a bill or forward any invoices to bills@ap.acctual.com from your account email address. The system then automatically fills in all the essential fields using Optical Character Recognition (OCR). All the vendor information, invoice number, issue date, due date and amount are reflected in the system. Plus GL categories, memos, methods like chains or assets, including the vendor's crypto wallet address, can be linked to the bill.
Once saved, you're ready to pay bills directly from your crypto wallet. Hit the continue to pay button and pay the bill. This functionality sets Acctual apart from Payoneer once again. It allows you to pay bills using crypto or fiat, but the payment is always received directly into the payee's bank account or crypto wallet, whichever they prefer. It all happens automatically.
And no matter what currency you're working in, once completed, all the payments are reflected in your accounting system, like QuickBooks or Xer,o for automatic reconciliation.
Fund transfers
One of the worries about Payoneer is moving money from one bank account to another. Many people report that this can run the risk of falling foul of their terms and conditions and lead to unforeseen account closures.
Acctual, on the other hand, offers complete treasury management. You can move funds across bank accounts and blockchains. This allows you to move funds from one crypto wallet to another or between fiat and crypto. Using the transfer feature, you can also move stablecoins across chains. So if you have USDC on Ethereum, you can move it to Polygon.
You can quickly switch bank deposits into cryptocurrency and vice versa. Acctual also serves as a crypto on and off ramp. You can withdraw your crypto directly to your bank account in a straightforward process. Simply select your asset and your destination, add the amount and confirm the transfer.
Everything is transparent along the way, too, with the payment status in the Transfer tab, so you'll never lose sight of your money during the process.
Made for teams
Acctual is flexible for growing businesses too. As your workforce flexes, simply invite team members to accounts using the invite function, and it will send a link directly to their email address. The link can also be resent in one click for anyone who misses the initial request.
With admin capabilities on your account, you retain 100% control over personnel access. There's no need for complex password management, while you can protect sensitive data from certain team members.
Contact management
Invoicing errors are one of the leading causes of slow payments and missed due dates. Reports show that 18% of accounts departments make errors every day, a problem which causes havoc with cash flow.
Acctual's contact management feature provides a single source of truth for all contact information. That addition eradicates duplicate records or payment mistakes. For recurring clients, information is automatically taken from your contact database and linked to your invoicing, billing and accounting system. There are no more calls and emails to confirm bank details or missing client details.
Multi sig payments
If you're worried about security when it comes to crypto payments, then Acctual uses multi sig treasury powered by Safe. Instead of trusting a single person to make payments from your crypto wallet, you can avoid disaster by adding multi sig payments.
Once a bill is uploaded to the system and you're ready to make payment, you can complete it using Safe. Just connect your crypto wallet like Metamask, and you'll be notified that it is a Safe wallet. When multiple signatures are required, the system will alert you and other signatories. To add a signature, people can log in and sign the bill with their crypto wallet directly in Acctual or using the Safe app.
How to choose the right payment software
If you're looking for an alternative to Payoneer, then you need to consider several factors. You've likely got frustrations such as high fees, account freezes, geographical restrictions, or compliance worries.
1. Fees and pricing
The gripe of all with Payoneer is the constant fees that can cost thousands every year if it's your main payment method. This is why Acctual offers a transparent pricing system, so you always know how much you're paying.
For example, there's a simple 1% fee for international payments, no matter the payment option. That's the complete cost of offering your clients a choice in how they pay, whether it's stablecoins or fiat currency. In the process, funds are always transferred directly to your bank account or wallet without any freezes along the way. Your money arrives where you need it with minimum fees.
So, before you select your digital payment platform or invoicing software, make sure to understand the pricing structure. This is going to give you the ability to make a comparison between Payoneer alternatives in 2025. What you don't want to happen is to realize you're getting stung with 5% fees once after you’ve wasted time with a new system.
2. Security and compliance
When looking at up and coming systems, especially if they're crypto related, you need to double check the security and compliance. If a payment provider is falling foul of regulations, then it opens up the risk of having your accounts frozen or even crypto stolen, and that could be a devastating loss for your business.
Always check that your payment provider is compliant with local and global regulations. This includes complying with OFAC list checks against embargoed countries. This is something that Acctual takes with top priority, allowing not just compliance but money to move with minimal holdups and removing risks of legal issues. Plus, KYC verification is carried out where required in the payment process.
Even if there's a hold up with your KYC verification, you can still start creating invoices and get everything ready to go once you're approved. Plus, all your data and client data are stored with industry leading encryption protocols.
3. Geographic restrictions
Many payment platforms like Payoneer have strict limits on the countries they allow access to.
For example, if you want to use the business debit card, it can't be used with vendors and ATMs in Hong Kong or for HKD payments.
Compare that to payoneer global competitors like Acctual, which is available in most countries across the world. All while protecting you against making and receiving payments from embargoed countries such as those on the OFAC list. This helps you stay compliant whilst being nimble with your cross border payments.
Try the top Payoneer alternative today
So if you're looking for an alternative to Payoneer, Acctual is ready. It removes the complexities and fees to provide complete, smooth invoicing, payments and account integration.
If you just want to try it today then you can create an account today in just two minutes.
Whether you're a freelancer or a growing business, Acctual opens the door to complete global payments in crypto and fiat. You can focus on growing your business across the world rather than losing profits to high fees and chasing invoices.
Payoneer alternatives
Payoneer is one of the leading names in the cross border payments market. Since going public in 2021, it has shown impressive growth, from $473 million to $978 million in revenue.
That's a 27% compound annual growth rate, and its transaction volumes have followed, jumping from $55 billion to $80 billion.
Impressive numbers. But through the first half of 2025, income slumped 29% compared to the previous year.
That's an alarm bell in the cross border payments market, which is growing rapidly, fueled by international trade, digital transformation and payoneer competition.
Scratch a little closer and you'll see reports of discontented customers, especially as Payoneer alternatives are popping up to offer cheaper and faster options.
What is Payoneer?
Payoneer was founded in 2005, and for over two decades, it has provided online money transfer services with a special focus on cross border payments for both businesses and freelancers. It provides the ability to both make payments and receive payments using multi currency accounts.
Freelancers can get paid by clients by requesting payments into Payoneer. Or they can connect to global platforms like Upwork and Fiverr to get paid via these services. In many countries, it allows individuals to get paid by clients without the need for traditional banking infrastructure. Although funds can be withdrawn to local bank accounts, you can also make payments to other suppliers directly from the account.
Businesses can receive funds, send basic invoices, add Payoneer checkout to websites and withdraw funds to their bank account. Payoneer can also help you expand your global workforce with employer of record, contractor management and paying your VAT, all from your digital account.
While that all sounds great, there are some limitations and complaints that come up when using Payoneer.
Limitations of Payoneer
So, what are the downsides, and why would you look for a Payoneer alternative?
1. Complex fee structure
Depending on the method you use for withdrawing money to a bank account, you can end up paying 1 3%. Currency conversion markups when converting between currencies tend to vary between 2 3.5% above market rates. In addition, if you want to use the Payoneer Mastercard, there's an annual fee of nearly $30. Plus, if your account is inactive for a specific period of time, another $29.95 fee applies.
2. Processing and verification issues
Many users on Reddit report account freezes for unknown reasons, which can last 30 days or more. Adding to this, withdrawals aren't always as quick as you'd like, sometimes taking between 2 and 5 days to receive funds. Plus, while it's meant to be a global platform, it can be challenging to access all areas with no service provided in certain countries.
3. Limited features and flexibility
Standard accounts receive minimal customer support, so if you have issues, it can be hard to speak to customer service.
For businesses, functionality can be restrictive as you're confined to Payoneer's framework, reducing the flexibility for certain business needs.
There's also limited cryptocurrency support. While you can use Payoneer to buy crypto on other platforms, there's no inbuilt crypto or stablecoin functionality to make global payments.
And when it comes to invoicing, the customization and setup are quite basic compared to more dedicated invoicing payment platforms.
If you're relying on Payoneer to grow your business, then you might find yourself with limited flexibility and hurt profit margins with constant fees..
Let's give you an example: A typical freelancer earning $5,000 a month via Payoneer could lose up to $200 monthly on fees alone. That would total more than $2,000 annually in lost income.
So, what are the alternatives to Payoneer?
Acctual: The top Payoneer alternative
Acctual is the most flexible and easiest way to get paid in any currency.It provides complete versatility for your cross border payments, whether you're a growing business or a freelancer. The platform enables your clients to send payments in fiat, like euros or dollars, and you receive funds however you like, including stablecoins directly into your crypto wallet.
Unlike Payonner, Actual doesn’t have ‘on platform accounts,’ so your account can never be locked. All funds go straight to your bank account or crypto wallet.
If you’re a business who can‘t rely on cards or wire transfers, then Acctual exists for you to get paid or make payment without long wait times, excessive fees or managing multiple tools.
You can choose how you want to get paid, and allow your client to pay however they would like. You send an invoice for the client to pay in BTC, USDT, USDC, USD or whatever they prefer. Then funds land in your wallet or bank however you want. No custody taken, no signup, no platform risk. It’s flexible finance software for modern businesses that happens to integrate crypto fluently.
There’s fiat to fiat, crypto and everything in between with no allegiance to a specific wallet, bank or card issuer. This flexible payment layer removes the headaches of cross border payments. There's no need to manage multiple currency accounts, wait for slow payouts, or worry about frozen accounts. Instead, you can focus on growing your business and quickly move into international markets.
And while apps like Payoneer hammer you on fees, Acctual has no hidden costs or surprises.
Simple sign up flow
When it comes to Payoneer competitors and alternatives, no one has a quicker sign up process than Acctual. In a couple of minutes, you can create an account via your Google email or manually with an email and password.
You'll be guided through a simple flow to customize your account to your specific business requirements. For freelancers and sole proprietors, there's an individual account, or companies can select a business account linked with their registered company, business, or entity.
For complete automation, you can then integrate your accounting or ERP system, like QuickBooks or Xero. Everything will be ready to go with minimum effort or time.
Say goodbye to manual data entry so your team can focus on more strategic jobs rather than drowning in admin.
Powerful invoice creation
Acctual's invoicing tool really sets it apart as an alternative to Payoneer. The invoice creation includes time saving automation combined with complete flexibility.
As soon as you start building your invoice, data is auto filled. Add your business and your client's business emails, Acctual goes and finds billing details and brand logos automatically.
Once you've got all the business information into your invoice, you can select your client's preferred payment methods along with an itemized list of products or services and prices. Next, add your payment details. That could be a fiat bank account or connecting your crypto wallet, followed by the invoice terms, including the due date, issue date and invoice number.
Once you've finished the invoice creation flow, everything is ready. You can have the invoice sent directly to a client's email or download it to send as a PDF.
Complete invoice management
All businesses have to deal with late and unpaid invoices. It's frustrating, but usually the problem lies with improper invoice management.
Acctual doesn't just send invoices, it has complete management for all your payments. After an invoice is sent, you can always keep track of its status. If a client misses a due date or loses an invoice, you can easily resend via email, payment link, or PDF.
Any payments made outside of Acctual can be manually changed in status. You can select whether the payment was made in crypto or fiat, add the paid date and even a transaction link to crypto payments, plus a memo for any relevant notes. Should anything go wrong with an invoice, you can quickly void it and add a memo, all of which is reflected back in your accounting system.
Bill payment
Acctual helps you manage all your global payments both in and out of your accounts. So if you feel like you're constantly trying to keep track of your bills to avoid late payment penalties and maintain customer relationships, Acctual can take the job off your hands.
For all your international payments, you can use the Bills functionality to add a bill or forward any invoices to bills@ap.acctual.com from your account email address. The system then automatically fills in all the essential fields using Optical Character Recognition (OCR). All the vendor information, invoice number, issue date, due date and amount are reflected in the system. Plus GL categories, memos, methods like chains or assets, including the vendor's crypto wallet address, can be linked to the bill.
Once saved, you're ready to pay bills directly from your crypto wallet. Hit the continue to pay button and pay the bill. This functionality sets Acctual apart from Payoneer once again. It allows you to pay bills using crypto or fiat, but the payment is always received directly into the payee's bank account or crypto wallet, whichever they prefer. It all happens automatically.
And no matter what currency you're working in, once completed, all the payments are reflected in your accounting system, like QuickBooks or Xer,o for automatic reconciliation.
Fund transfers
One of the worries about Payoneer is moving money from one bank account to another. Many people report that this can run the risk of falling foul of their terms and conditions and lead to unforeseen account closures.
Acctual, on the other hand, offers complete treasury management. You can move funds across bank accounts and blockchains. This allows you to move funds from one crypto wallet to another or between fiat and crypto. Using the transfer feature, you can also move stablecoins across chains. So if you have USDC on Ethereum, you can move it to Polygon.
You can quickly switch bank deposits into cryptocurrency and vice versa. Acctual also serves as a crypto on and off ramp. You can withdraw your crypto directly to your bank account in a straightforward process. Simply select your asset and your destination, add the amount and confirm the transfer.
Everything is transparent along the way, too, with the payment status in the Transfer tab, so you'll never lose sight of your money during the process.
Made for teams
Acctual is flexible for growing businesses too. As your workforce flexes, simply invite team members to accounts using the invite function, and it will send a link directly to their email address. The link can also be resent in one click for anyone who misses the initial request.
With admin capabilities on your account, you retain 100% control over personnel access. There's no need for complex password management, while you can protect sensitive data from certain team members.
Contact management
Invoicing errors are one of the leading causes of slow payments and missed due dates. Reports show that 18% of accounts departments make errors every day, a problem which causes havoc with cash flow.
Acctual's contact management feature provides a single source of truth for all contact information. That addition eradicates duplicate records or payment mistakes. For recurring clients, information is automatically taken from your contact database and linked to your invoicing, billing and accounting system. There are no more calls and emails to confirm bank details or missing client details.
Multi sig payments
If you're worried about security when it comes to crypto payments, then Acctual uses multi sig treasury powered by Safe. Instead of trusting a single person to make payments from your crypto wallet, you can avoid disaster by adding multi sig payments.
Once a bill is uploaded to the system and you're ready to make payment, you can complete it using Safe. Just connect your crypto wallet like Metamask, and you'll be notified that it is a Safe wallet. When multiple signatures are required, the system will alert you and other signatories. To add a signature, people can log in and sign the bill with their crypto wallet directly in Acctual or using the Safe app.
How to choose the right payment software
If you're looking for an alternative to Payoneer, then you need to consider several factors. You've likely got frustrations such as high fees, account freezes, geographical restrictions, or compliance worries.
1. Fees and pricing
The gripe of all with Payoneer is the constant fees that can cost thousands every year if it's your main payment method. This is why Acctual offers a transparent pricing system, so you always know how much you're paying.
For example, there's a simple 1% fee for international payments, no matter the payment option. That's the complete cost of offering your clients a choice in how they pay, whether it's stablecoins or fiat currency. In the process, funds are always transferred directly to your bank account or wallet without any freezes along the way. Your money arrives where you need it with minimum fees.
So, before you select your digital payment platform or invoicing software, make sure to understand the pricing structure. This is going to give you the ability to make a comparison between Payoneer alternatives in 2025. What you don't want to happen is to realize you're getting stung with 5% fees once after you’ve wasted time with a new system.
2. Security and compliance
When looking at up and coming systems, especially if they're crypto related, you need to double check the security and compliance. If a payment provider is falling foul of regulations, then it opens up the risk of having your accounts frozen or even crypto stolen, and that could be a devastating loss for your business.
Always check that your payment provider is compliant with local and global regulations. This includes complying with OFAC list checks against embargoed countries. This is something that Acctual takes with top priority, allowing not just compliance but money to move with minimal holdups and removing risks of legal issues. Plus, KYC verification is carried out where required in the payment process.
Even if there's a hold up with your KYC verification, you can still start creating invoices and get everything ready to go once you're approved. Plus, all your data and client data are stored with industry leading encryption protocols.
3. Geographic restrictions
Many payment platforms like Payoneer have strict limits on the countries they allow access to.
For example, if you want to use the business debit card, it can't be used with vendors and ATMs in Hong Kong or for HKD payments.
Compare that to payoneer global competitors like Acctual, which is available in most countries across the world. All while protecting you against making and receiving payments from embargoed countries such as those on the OFAC list. This helps you stay compliant whilst being nimble with your cross border payments.
Try the top Payoneer alternative today
So if you're looking for an alternative to Payoneer, Acctual is ready. It removes the complexities and fees to provide complete, smooth invoicing, payments and account integration.
If you just want to try it today then you can create an account today in just two minutes.
Whether you're a freelancer or a growing business, Acctual opens the door to complete global payments in crypto and fiat. You can focus on growing your business across the world rather than losing profits to high fees and chasing invoices.
Payoneer alternatives
Payoneer is one of the leading names in the cross border payments market. Since going public in 2021, it has shown impressive growth, from $473 million to $978 million in revenue.
That's a 27% compound annual growth rate, and its transaction volumes have followed, jumping from $55 billion to $80 billion.
Impressive numbers. But through the first half of 2025, income slumped 29% compared to the previous year.
That's an alarm bell in the cross border payments market, which is growing rapidly, fueled by international trade, digital transformation and payoneer competition.
Scratch a little closer and you'll see reports of discontented customers, especially as Payoneer alternatives are popping up to offer cheaper and faster options.
What is Payoneer?
Payoneer was founded in 2005, and for over two decades, it has provided online money transfer services with a special focus on cross border payments for both businesses and freelancers. It provides the ability to both make payments and receive payments using multi currency accounts.
Freelancers can get paid by clients by requesting payments into Payoneer. Or they can connect to global platforms like Upwork and Fiverr to get paid via these services. In many countries, it allows individuals to get paid by clients without the need for traditional banking infrastructure. Although funds can be withdrawn to local bank accounts, you can also make payments to other suppliers directly from the account.
Businesses can receive funds, send basic invoices, add Payoneer checkout to websites and withdraw funds to their bank account. Payoneer can also help you expand your global workforce with employer of record, contractor management and paying your VAT, all from your digital account.
While that all sounds great, there are some limitations and complaints that come up when using Payoneer.
Limitations of Payoneer
So, what are the downsides, and why would you look for a Payoneer alternative?
1. Complex fee structure
Depending on the method you use for withdrawing money to a bank account, you can end up paying 1 3%. Currency conversion markups when converting between currencies tend to vary between 2 3.5% above market rates. In addition, if you want to use the Payoneer Mastercard, there's an annual fee of nearly $30. Plus, if your account is inactive for a specific period of time, another $29.95 fee applies.
2. Processing and verification issues
Many users on Reddit report account freezes for unknown reasons, which can last 30 days or more. Adding to this, withdrawals aren't always as quick as you'd like, sometimes taking between 2 and 5 days to receive funds. Plus, while it's meant to be a global platform, it can be challenging to access all areas with no service provided in certain countries.
3. Limited features and flexibility
Standard accounts receive minimal customer support, so if you have issues, it can be hard to speak to customer service.
For businesses, functionality can be restrictive as you're confined to Payoneer's framework, reducing the flexibility for certain business needs.
There's also limited cryptocurrency support. While you can use Payoneer to buy crypto on other platforms, there's no inbuilt crypto or stablecoin functionality to make global payments.
And when it comes to invoicing, the customization and setup are quite basic compared to more dedicated invoicing payment platforms.
If you're relying on Payoneer to grow your business, then you might find yourself with limited flexibility and hurt profit margins with constant fees..
Let's give you an example: A typical freelancer earning $5,000 a month via Payoneer could lose up to $200 monthly on fees alone. That would total more than $2,000 annually in lost income.
So, what are the alternatives to Payoneer?
Acctual: The top Payoneer alternative
Acctual is the most flexible and easiest way to get paid in any currency.It provides complete versatility for your cross border payments, whether you're a growing business or a freelancer. The platform enables your clients to send payments in fiat, like euros or dollars, and you receive funds however you like, including stablecoins directly into your crypto wallet.
Unlike Payonner, Actual doesn’t have ‘on platform accounts,’ so your account can never be locked. All funds go straight to your bank account or crypto wallet.
If you’re a business who can‘t rely on cards or wire transfers, then Acctual exists for you to get paid or make payment without long wait times, excessive fees or managing multiple tools.
You can choose how you want to get paid, and allow your client to pay however they would like. You send an invoice for the client to pay in BTC, USDT, USDC, USD or whatever they prefer. Then funds land in your wallet or bank however you want. No custody taken, no signup, no platform risk. It’s flexible finance software for modern businesses that happens to integrate crypto fluently.
There’s fiat to fiat, crypto and everything in between with no allegiance to a specific wallet, bank or card issuer. This flexible payment layer removes the headaches of cross border payments. There's no need to manage multiple currency accounts, wait for slow payouts, or worry about frozen accounts. Instead, you can focus on growing your business and quickly move into international markets.
And while apps like Payoneer hammer you on fees, Acctual has no hidden costs or surprises.
Simple sign up flow
When it comes to Payoneer competitors and alternatives, no one has a quicker sign up process than Acctual. In a couple of minutes, you can create an account via your Google email or manually with an email and password.
You'll be guided through a simple flow to customize your account to your specific business requirements. For freelancers and sole proprietors, there's an individual account, or companies can select a business account linked with their registered company, business, or entity.
For complete automation, you can then integrate your accounting or ERP system, like QuickBooks or Xero. Everything will be ready to go with minimum effort or time.
Say goodbye to manual data entry so your team can focus on more strategic jobs rather than drowning in admin.
Powerful invoice creation
Acctual's invoicing tool really sets it apart as an alternative to Payoneer. The invoice creation includes time saving automation combined with complete flexibility.
As soon as you start building your invoice, data is auto filled. Add your business and your client's business emails, Acctual goes and finds billing details and brand logos automatically.
Once you've got all the business information into your invoice, you can select your client's preferred payment methods along with an itemized list of products or services and prices. Next, add your payment details. That could be a fiat bank account or connecting your crypto wallet, followed by the invoice terms, including the due date, issue date and invoice number.
Once you've finished the invoice creation flow, everything is ready. You can have the invoice sent directly to a client's email or download it to send as a PDF.
Complete invoice management
All businesses have to deal with late and unpaid invoices. It's frustrating, but usually the problem lies with improper invoice management.
Acctual doesn't just send invoices, it has complete management for all your payments. After an invoice is sent, you can always keep track of its status. If a client misses a due date or loses an invoice, you can easily resend via email, payment link, or PDF.
Any payments made outside of Acctual can be manually changed in status. You can select whether the payment was made in crypto or fiat, add the paid date and even a transaction link to crypto payments, plus a memo for any relevant notes. Should anything go wrong with an invoice, you can quickly void it and add a memo, all of which is reflected back in your accounting system.
Bill payment
Acctual helps you manage all your global payments both in and out of your accounts. So if you feel like you're constantly trying to keep track of your bills to avoid late payment penalties and maintain customer relationships, Acctual can take the job off your hands.
For all your international payments, you can use the Bills functionality to add a bill or forward any invoices to bills@ap.acctual.com from your account email address. The system then automatically fills in all the essential fields using Optical Character Recognition (OCR). All the vendor information, invoice number, issue date, due date and amount are reflected in the system. Plus GL categories, memos, methods like chains or assets, including the vendor's crypto wallet address, can be linked to the bill.
Once saved, you're ready to pay bills directly from your crypto wallet. Hit the continue to pay button and pay the bill. This functionality sets Acctual apart from Payoneer once again. It allows you to pay bills using crypto or fiat, but the payment is always received directly into the payee's bank account or crypto wallet, whichever they prefer. It all happens automatically.
And no matter what currency you're working in, once completed, all the payments are reflected in your accounting system, like QuickBooks or Xer,o for automatic reconciliation.
Fund transfers
One of the worries about Payoneer is moving money from one bank account to another. Many people report that this can run the risk of falling foul of their terms and conditions and lead to unforeseen account closures.
Acctual, on the other hand, offers complete treasury management. You can move funds across bank accounts and blockchains. This allows you to move funds from one crypto wallet to another or between fiat and crypto. Using the transfer feature, you can also move stablecoins across chains. So if you have USDC on Ethereum, you can move it to Polygon.
You can quickly switch bank deposits into cryptocurrency and vice versa. Acctual also serves as a crypto on and off ramp. You can withdraw your crypto directly to your bank account in a straightforward process. Simply select your asset and your destination, add the amount and confirm the transfer.
Everything is transparent along the way, too, with the payment status in the Transfer tab, so you'll never lose sight of your money during the process.
Made for teams
Acctual is flexible for growing businesses too. As your workforce flexes, simply invite team members to accounts using the invite function, and it will send a link directly to their email address. The link can also be resent in one click for anyone who misses the initial request.
With admin capabilities on your account, you retain 100% control over personnel access. There's no need for complex password management, while you can protect sensitive data from certain team members.
Contact management
Invoicing errors are one of the leading causes of slow payments and missed due dates. Reports show that 18% of accounts departments make errors every day, a problem which causes havoc with cash flow.
Acctual's contact management feature provides a single source of truth for all contact information. That addition eradicates duplicate records or payment mistakes. For recurring clients, information is automatically taken from your contact database and linked to your invoicing, billing and accounting system. There are no more calls and emails to confirm bank details or missing client details.
Multi sig payments
If you're worried about security when it comes to crypto payments, then Acctual uses multi sig treasury powered by Safe. Instead of trusting a single person to make payments from your crypto wallet, you can avoid disaster by adding multi sig payments.
Once a bill is uploaded to the system and you're ready to make payment, you can complete it using Safe. Just connect your crypto wallet like Metamask, and you'll be notified that it is a Safe wallet. When multiple signatures are required, the system will alert you and other signatories. To add a signature, people can log in and sign the bill with their crypto wallet directly in Acctual or using the Safe app.
How to choose the right payment software
If you're looking for an alternative to Payoneer, then you need to consider several factors. You've likely got frustrations such as high fees, account freezes, geographical restrictions, or compliance worries.
1. Fees and pricing
The gripe of all with Payoneer is the constant fees that can cost thousands every year if it's your main payment method. This is why Acctual offers a transparent pricing system, so you always know how much you're paying.
For example, there's a simple 1% fee for international payments, no matter the payment option. That's the complete cost of offering your clients a choice in how they pay, whether it's stablecoins or fiat currency. In the process, funds are always transferred directly to your bank account or wallet without any freezes along the way. Your money arrives where you need it with minimum fees.
So, before you select your digital payment platform or invoicing software, make sure to understand the pricing structure. This is going to give you the ability to make a comparison between Payoneer alternatives in 2025. What you don't want to happen is to realize you're getting stung with 5% fees once after you’ve wasted time with a new system.
2. Security and compliance
When looking at up and coming systems, especially if they're crypto related, you need to double check the security and compliance. If a payment provider is falling foul of regulations, then it opens up the risk of having your accounts frozen or even crypto stolen, and that could be a devastating loss for your business.
Always check that your payment provider is compliant with local and global regulations. This includes complying with OFAC list checks against embargoed countries. This is something that Acctual takes with top priority, allowing not just compliance but money to move with minimal holdups and removing risks of legal issues. Plus, KYC verification is carried out where required in the payment process.
Even if there's a hold up with your KYC verification, you can still start creating invoices and get everything ready to go once you're approved. Plus, all your data and client data are stored with industry leading encryption protocols.
3. Geographic restrictions
Many payment platforms like Payoneer have strict limits on the countries they allow access to.
For example, if you want to use the business debit card, it can't be used with vendors and ATMs in Hong Kong or for HKD payments.
Compare that to payoneer global competitors like Acctual, which is available in most countries across the world. All while protecting you against making and receiving payments from embargoed countries such as those on the OFAC list. This helps you stay compliant whilst being nimble with your cross border payments.
Try the top Payoneer alternative today
So if you're looking for an alternative to Payoneer, Acctual is ready. It removes the complexities and fees to provide complete, smooth invoicing, payments and account integration.
If you just want to try it today then you can create an account today in just two minutes.
Whether you're a freelancer or a growing business, Acctual opens the door to complete global payments in crypto and fiat. You can focus on growing your business across the world rather than losing profits to high fees and chasing invoices.
Payoneer alternatives
Payoneer is one of the leading names in the cross border payments market. Since going public in 2021, it has shown impressive growth, from $473 million to $978 million in revenue.
That's a 27% compound annual growth rate, and its transaction volumes have followed, jumping from $55 billion to $80 billion.
Impressive numbers. But through the first half of 2025, income slumped 29% compared to the previous year.
That's an alarm bell in the cross border payments market, which is growing rapidly, fueled by international trade, digital transformation and payoneer competition.
Scratch a little closer and you'll see reports of discontented customers, especially as Payoneer alternatives are popping up to offer cheaper and faster options.
What is Payoneer?
Payoneer was founded in 2005, and for over two decades, it has provided online money transfer services with a special focus on cross border payments for both businesses and freelancers. It provides the ability to both make payments and receive payments using multi currency accounts.
Freelancers can get paid by clients by requesting payments into Payoneer. Or they can connect to global platforms like Upwork and Fiverr to get paid via these services. In many countries, it allows individuals to get paid by clients without the need for traditional banking infrastructure. Although funds can be withdrawn to local bank accounts, you can also make payments to other suppliers directly from the account.
Businesses can receive funds, send basic invoices, add Payoneer checkout to websites and withdraw funds to their bank account. Payoneer can also help you expand your global workforce with employer of record, contractor management and paying your VAT, all from your digital account.
While that all sounds great, there are some limitations and complaints that come up when using Payoneer.
Limitations of Payoneer
So, what are the downsides, and why would you look for a Payoneer alternative?
1. Complex fee structure
Depending on the method you use for withdrawing money to a bank account, you can end up paying 1 3%. Currency conversion markups when converting between currencies tend to vary between 2 3.5% above market rates. In addition, if you want to use the Payoneer Mastercard, there's an annual fee of nearly $30. Plus, if your account is inactive for a specific period of time, another $29.95 fee applies.
2. Processing and verification issues
Many users on Reddit report account freezes for unknown reasons, which can last 30 days or more. Adding to this, withdrawals aren't always as quick as you'd like, sometimes taking between 2 and 5 days to receive funds. Plus, while it's meant to be a global platform, it can be challenging to access all areas with no service provided in certain countries.
3. Limited features and flexibility
Standard accounts receive minimal customer support, so if you have issues, it can be hard to speak to customer service.
For businesses, functionality can be restrictive as you're confined to Payoneer's framework, reducing the flexibility for certain business needs.
There's also limited cryptocurrency support. While you can use Payoneer to buy crypto on other platforms, there's no inbuilt crypto or stablecoin functionality to make global payments.
And when it comes to invoicing, the customization and setup are quite basic compared to more dedicated invoicing payment platforms.
If you're relying on Payoneer to grow your business, then you might find yourself with limited flexibility and hurt profit margins with constant fees..
Let's give you an example: A typical freelancer earning $5,000 a month via Payoneer could lose up to $200 monthly on fees alone. That would total more than $2,000 annually in lost income.
So, what are the alternatives to Payoneer?
Acctual: The top Payoneer alternative
Acctual is the most flexible and easiest way to get paid in any currency.It provides complete versatility for your cross border payments, whether you're a growing business or a freelancer. The platform enables your clients to send payments in fiat, like euros or dollars, and you receive funds however you like, including stablecoins directly into your crypto wallet.
Unlike Payonner, Actual doesn’t have ‘on platform accounts,’ so your account can never be locked. All funds go straight to your bank account or crypto wallet.
If you’re a business who can‘t rely on cards or wire transfers, then Acctual exists for you to get paid or make payment without long wait times, excessive fees or managing multiple tools.
You can choose how you want to get paid, and allow your client to pay however they would like. You send an invoice for the client to pay in BTC, USDT, USDC, USD or whatever they prefer. Then funds land in your wallet or bank however you want. No custody taken, no signup, no platform risk. It’s flexible finance software for modern businesses that happens to integrate crypto fluently.
There’s fiat to fiat, crypto and everything in between with no allegiance to a specific wallet, bank or card issuer. This flexible payment layer removes the headaches of cross border payments. There's no need to manage multiple currency accounts, wait for slow payouts, or worry about frozen accounts. Instead, you can focus on growing your business and quickly move into international markets.
And while apps like Payoneer hammer you on fees, Acctual has no hidden costs or surprises.
Simple sign up flow
When it comes to Payoneer competitors and alternatives, no one has a quicker sign up process than Acctual. In a couple of minutes, you can create an account via your Google email or manually with an email and password.
You'll be guided through a simple flow to customize your account to your specific business requirements. For freelancers and sole proprietors, there's an individual account, or companies can select a business account linked with their registered company, business, or entity.
For complete automation, you can then integrate your accounting or ERP system, like QuickBooks or Xero. Everything will be ready to go with minimum effort or time.
Say goodbye to manual data entry so your team can focus on more strategic jobs rather than drowning in admin.
Powerful invoice creation
Acctual's invoicing tool really sets it apart as an alternative to Payoneer. The invoice creation includes time saving automation combined with complete flexibility.
As soon as you start building your invoice, data is auto filled. Add your business and your client's business emails, Acctual goes and finds billing details and brand logos automatically.
Once you've got all the business information into your invoice, you can select your client's preferred payment methods along with an itemized list of products or services and prices. Next, add your payment details. That could be a fiat bank account or connecting your crypto wallet, followed by the invoice terms, including the due date, issue date and invoice number.
Once you've finished the invoice creation flow, everything is ready. You can have the invoice sent directly to a client's email or download it to send as a PDF.
Complete invoice management
All businesses have to deal with late and unpaid invoices. It's frustrating, but usually the problem lies with improper invoice management.
Acctual doesn't just send invoices, it has complete management for all your payments. After an invoice is sent, you can always keep track of its status. If a client misses a due date or loses an invoice, you can easily resend via email, payment link, or PDF.
Any payments made outside of Acctual can be manually changed in status. You can select whether the payment was made in crypto or fiat, add the paid date and even a transaction link to crypto payments, plus a memo for any relevant notes. Should anything go wrong with an invoice, you can quickly void it and add a memo, all of which is reflected back in your accounting system.
Bill payment
Acctual helps you manage all your global payments both in and out of your accounts. So if you feel like you're constantly trying to keep track of your bills to avoid late payment penalties and maintain customer relationships, Acctual can take the job off your hands.
For all your international payments, you can use the Bills functionality to add a bill or forward any invoices to bills@ap.acctual.com from your account email address. The system then automatically fills in all the essential fields using Optical Character Recognition (OCR). All the vendor information, invoice number, issue date, due date and amount are reflected in the system. Plus GL categories, memos, methods like chains or assets, including the vendor's crypto wallet address, can be linked to the bill.
Once saved, you're ready to pay bills directly from your crypto wallet. Hit the continue to pay button and pay the bill. This functionality sets Acctual apart from Payoneer once again. It allows you to pay bills using crypto or fiat, but the payment is always received directly into the payee's bank account or crypto wallet, whichever they prefer. It all happens automatically.
And no matter what currency you're working in, once completed, all the payments are reflected in your accounting system, like QuickBooks or Xer,o for automatic reconciliation.
Fund transfers
One of the worries about Payoneer is moving money from one bank account to another. Many people report that this can run the risk of falling foul of their terms and conditions and lead to unforeseen account closures.
Acctual, on the other hand, offers complete treasury management. You can move funds across bank accounts and blockchains. This allows you to move funds from one crypto wallet to another or between fiat and crypto. Using the transfer feature, you can also move stablecoins across chains. So if you have USDC on Ethereum, you can move it to Polygon.
You can quickly switch bank deposits into cryptocurrency and vice versa. Acctual also serves as a crypto on and off ramp. You can withdraw your crypto directly to your bank account in a straightforward process. Simply select your asset and your destination, add the amount and confirm the transfer.
Everything is transparent along the way, too, with the payment status in the Transfer tab, so you'll never lose sight of your money during the process.
Made for teams
Acctual is flexible for growing businesses too. As your workforce flexes, simply invite team members to accounts using the invite function, and it will send a link directly to their email address. The link can also be resent in one click for anyone who misses the initial request.
With admin capabilities on your account, you retain 100% control over personnel access. There's no need for complex password management, while you can protect sensitive data from certain team members.
Contact management
Invoicing errors are one of the leading causes of slow payments and missed due dates. Reports show that 18% of accounts departments make errors every day, a problem which causes havoc with cash flow.
Acctual's contact management feature provides a single source of truth for all contact information. That addition eradicates duplicate records or payment mistakes. For recurring clients, information is automatically taken from your contact database and linked to your invoicing, billing and accounting system. There are no more calls and emails to confirm bank details or missing client details.
Multi sig payments
If you're worried about security when it comes to crypto payments, then Acctual uses multi sig treasury powered by Safe. Instead of trusting a single person to make payments from your crypto wallet, you can avoid disaster by adding multi sig payments.
Once a bill is uploaded to the system and you're ready to make payment, you can complete it using Safe. Just connect your crypto wallet like Metamask, and you'll be notified that it is a Safe wallet. When multiple signatures are required, the system will alert you and other signatories. To add a signature, people can log in and sign the bill with their crypto wallet directly in Acctual or using the Safe app.
How to choose the right payment software
If you're looking for an alternative to Payoneer, then you need to consider several factors. You've likely got frustrations such as high fees, account freezes, geographical restrictions, or compliance worries.
1. Fees and pricing
The gripe of all with Payoneer is the constant fees that can cost thousands every year if it's your main payment method. This is why Acctual offers a transparent pricing system, so you always know how much you're paying.
For example, there's a simple 1% fee for international payments, no matter the payment option. That's the complete cost of offering your clients a choice in how they pay, whether it's stablecoins or fiat currency. In the process, funds are always transferred directly to your bank account or wallet without any freezes along the way. Your money arrives where you need it with minimum fees.
So, before you select your digital payment platform or invoicing software, make sure to understand the pricing structure. This is going to give you the ability to make a comparison between Payoneer alternatives in 2025. What you don't want to happen is to realize you're getting stung with 5% fees once after you’ve wasted time with a new system.
2. Security and compliance
When looking at up and coming systems, especially if they're crypto related, you need to double check the security and compliance. If a payment provider is falling foul of regulations, then it opens up the risk of having your accounts frozen or even crypto stolen, and that could be a devastating loss for your business.
Always check that your payment provider is compliant with local and global regulations. This includes complying with OFAC list checks against embargoed countries. This is something that Acctual takes with top priority, allowing not just compliance but money to move with minimal holdups and removing risks of legal issues. Plus, KYC verification is carried out where required in the payment process.
Even if there's a hold up with your KYC verification, you can still start creating invoices and get everything ready to go once you're approved. Plus, all your data and client data are stored with industry leading encryption protocols.
3. Geographic restrictions
Many payment platforms like Payoneer have strict limits on the countries they allow access to.
For example, if you want to use the business debit card, it can't be used with vendors and ATMs in Hong Kong or for HKD payments.
Compare that to payoneer global competitors like Acctual, which is available in most countries across the world. All while protecting you against making and receiving payments from embargoed countries such as those on the OFAC list. This helps you stay compliant whilst being nimble with your cross border payments.
Try the top Payoneer alternative today
So if you're looking for an alternative to Payoneer, Acctual is ready. It removes the complexities and fees to provide complete, smooth invoicing, payments and account integration.
If you just want to try it today then you can create an account today in just two minutes.
Whether you're a freelancer or a growing business, Acctual opens the door to complete global payments in crypto and fiat. You can focus on growing your business across the world rather than losing profits to high fees and chasing invoices.
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Love you, pay me
Get paid “same day” by sending customers the most flexible invoice on the planet.
Love you, pay me
Get paid “same day” by sending customers the most flexible invoice on the planet.
Love you, pay me
Get paid “same day” by sending customers the most flexible invoice on the planet.
Love you, pay me
Get paid “same day” by sending customers the most flexible invoice on the planet.
