Collecting Payments with Lower Fees
Payoneer vs Wise is a key financial decision. The difference can be hundreds of dollars per year.
Payoneer
15+ years in freelancer payments. Direct integration with Fiverr, Upwork, Amazon. 0% receiving from integrated platforms, 2% conversion, $3.15 ATM withdrawal.
Wise
Real exchange rate (mid-market) with no hidden markup. 0.35-1.5% conversion. $0 to receive USD, from $1.50 bank transfer, free debit card.
Get Paid with Payoneer
✓ $25 USD Bonus
✓ Local bank withdrawals
✓ Prepaid card
Create Free Payoneer Account →
Start Selling on Fiverr
✓ Free to join
✓ Payments in USD
✓ Great for beginners
Sign Up on Fiverr Free →
Real Costs ($3,000/month)
| Item | Payoneer | Wise |
|---|---|---|
| Receive $3,000 | $0 | $0 |
| Conversion | $60 (2%) | $15-45 |
| Bank withdrawal | $45 (1.5%) | $1.50 |
| Monthly total | $105 | $16-47 |
| Annual total | $1,260 | $198-558 |
Difference: Wise saves $700-1,000+ USD/year. But Payoneer has more direct integrations.
Optimal Strategy
Use both: Payoneer to receive from platforms (0%), Wise for direct payments and conversions (better rate). Transfer from Payoneer to Wise for best exchange.
Tip: Compare rates from both on the day you withdraw. Sometimes the difference is significant.