Head-to-head
Payoneer vs Wise
Fees, speed, and ratings compared side by side.
| Feature | Payoneer | Wise |
|---|---|---|
| Overall rating | 4.1 / 5 | 4.7 / 5 |
| Typical fees | 0% | 0.45% |
| FX markup | 2% | 0.3% |
| Transfer speed | 2–4 days | Within hours |
| App rating (iOS / Android) | 4.6 / 4.4 | 4.8 / 4.6 |
| Supported currencies | 16 currencies supported | 25 currencies supported |
| Cash pickup | No | No |
| Mobile wallet payout | Yes | Yes |
| Multi-currency account | Yes | Yes |
| Business accounts | Yes | Yes |
Pros & cons
Payoneer
Payoneer is best known as a payout rail for freelancers and online sellers, with a borderless multi-currency account rather than a single consumer transfer product.
Pros
- Strong fit for marketplace and freelance platform payouts
- Holds and withdraws multiple currencies from one account
- Mature business and invoicing tools
Cons
- One of the higher FX markups in this comparison
- Flat withdrawal fee regardless of transfer size
- Slower bank withdrawal times than dedicated transfer apps
Wise
Wise built its reputation on charging the real mid-market exchange rate and a small, upfront fee instead of folding a markup into the rate.
Pros
- Consistently the smallest FX markup in this comparison
- Fee is shown in full before you confirm
- Multi-currency account holds 40+ currencies at once
Cons
- No cash pickup option
- Fees rise for card-funded transfers
- Occasional extra verification for large first-time transfers
See today's live rates
Run both providers through the calculator with your own amount.
Live comparison
No providers available for this route