Between PayPal and payooner
By Umar Ahmed
@Mrgana1 (338)
Nigeria
October 6, 2017 2:48pm CST
This two payments processor are mostly used by online earner to receive payment, PayPal is more popular but due it restrictions on some countries people now uses payoneer as an alternative and it gaining more subscribers daily though it has it challenge of high charges.Which do you prefer for receiving payment?.
5 people like this
8 responses
@Daljinder (23236)
• Bangalore, India
6 Oct 17
I am using both. But mainly it is PayPal. Both are easy to use.
3 people like this
@hereandthere (45645)
• Philippines
7 Oct 17
@SHOHANA @daljinder is it true that payoneer has higher exchange rate than paypal? do they have any transaction fees?
1 person likes this
@Daljinder (23236)
• Bangalore, India
10 Oct 17
@hereandthere Here you can read the answer in detail:
This page may be out of date. Save your draft before refreshing this page.Submit any pending changes before refreshing this page. Hide this message.QuoraSign In Payoneer PayPal (product) Online Payment Gateways and Processing Comparisons E-CommerceUpdateCa
1 person likes this
@fearjp (458)
•
6 Oct 17
I have been using Paypal as well since I know a lot of people who uses that method instead. I have been paying and receiving money through it a long time. There was once a person who received payments through Payoneer but I didn't know how to use it or my bank just didn't approved it
@nela13 (58669)
• Portugal
30 Nov 17
I only use paypal, but I think I will open an account in Payoneer as well.
@Noorfatima99 (43)
•
7 Oct 17
One of the friends told:
I am working freelancer since last 2 Years
I know very well what issue you have faced during global payment transfer. I will give you practical detailed comparison between two global payment merchant system Paypal & Payoneer
Account Creation Time
Both PayPal and Payoneer take 3-4 days in your account verification. In my case both take only 2 days.
But how should one decide to go for Payoneer or PayPal?
What are the pros and cons when it comes to these Payment Processes?
Global payment for Shopping
Paypal wins in these segment because of most international shopping websites, web hosting companies support PayPal, not Payoneer.
1. I do shopping from Aliexpress PayPal only helps me
2. For my web hosting payment on Siteground website, PayPal plays very important role.
3. If I make freelancer payment via Skype or Fiverr PayPal gives me flexibility
@Noorfatima99 (43)
•
7 Oct 17
Further comparison:
Fund Transfer to your local Bank
Payoneer transfers your fund only on your Local Bank working days, If there is any public holiday also on that day Payoneer not transfer your money. This is main disadvantage which only a user can tell you.
My hard-working payment of 182 $ from Upwork comes to in my local bank account after 10 days
It’s really sad
Till 10 days I am in so much tension, also Payoneer customer care simply says on my Query they said that in the normal manner just wait for 2 weeks during local bank working days our service take place .”
Paypal only takes 3 days to transfer your income to your local Bank account rather it is public or bank holiday.
Conversion Rates
Most important question what will conversion you get from these Paypal and Payoneer
I get almost same conversion rates from both, its depend on our currency value on that particular day.
If your currency value is down on that day and you get higher conversion payment transfer from Payoneer, you just thinking that I get better conversion rate from Payoneer
India conversion rate for both is near between Rs 62.3 to 63.8 per Dollar.
Direct send payment
just by using PayPal email address your client from Different countries send you direct payment in your PayPal account
@Noorfatima99 (43)
•
7 Oct 17
Final Conclusion:
Conclusion
Paypal wins the race for your precious & Honest important income. Also, you can add your VISA card your PayPal account for the fast transaction in future.
Paypal company established in 1998, whereas Payoneer found in 2005.
for more information check my blog
@Tina30219 (81929)
• Onaway, Michigan
29 Nov 17
You are right there are restrictions with PayPal for some countries. PayPal is my option as well as amazon.