DailyHmeStudy : PayPal and Payoneer both are used to receive make payments online. If you usually receive payment from other countries like U.S. and other countries then which one you should use PayPal or Payoneer?
1. Both are very much same. The difference is of transfer frees. PayPal charged more transfer fees as compare to Payoneer. When you receive any payment through Payoneer then Payoneer charge only standard conversion rate of dollars. It means you will get more money.
2. You can’t store money in your PayPal account if you are from India. As the government of India doesn’t allow. If you are using Payoneer then you can open a local bank account with the help of Payoneer. And then you can store your money in local bank account. It will be the exact amount as you have received.
3. Now if you want to purchase online then you can make payment through local bank account. You don’t have the need to pay double money conversion rate as in PayPal.
These are the main differences between Payoneer and PayPal. I hope you will now be able to take decision which is better PayPal or Payoneer?