Stripe or Payoneer? A Detailed Review to Make the Right Choice

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Choosing between Stripe and Payoneer for handling online transactions is a critical decision for businesses operating in the digital age. With Payoneer offering robust cross-border payments in over 200 countries and 150 currencies, and Stripe providing a comprehensive web-based platform designed for internet businesses, the debate of Payoneer vs Stripe is at the forefront for companies looking to streamline their payment solutions. This comparison is not just about choosing a payment processor but selecting a partner that aligns with your business’s needs for money transfers, mobile app functionality, and international payment capabilities.

This article delves into the essential factors such as fee structures, ease of use, payment processing capabilities, security standards, customer service quality, and the range of integrations and ecosystem compatibility of both platforms. By weighing the pros and cons of Payoneer and Stripe, from cross-border payments to mobile apps, and stripe direct debit options, you will gain insights to make an informed choice tailored to your business requirements.

Overview of Payoneer

Payoneer stands out as a global payment platform designed to cater to freelancers, small to large businesses, and online sellers, offering a wide array of financial services to facilitate cross-border payments. Here are some of the key features and services provided by Payoneer:

  • Payment Options and Accessibility:
    • Payoneer supports various payment methods including local bank transfers, prepaid Mastercard, and virtual accounts, ensuring flexibility in how users receive and manage their funds.
    • The platform facilitates transactions in over 200 countries and territories, supporting more than 150 currencies which makes it a robust solution for international freelancers and businesses.
    • Users benefit from multiple payout options and the convenience of a mobile app available on both iOS and Android, which allows for managing payments on the go.
  • Customer Support and User Interface:
    • Customer support is accessible through multiple channels including email, live chat, and phone, with multilingual support across various time zones, enhancing user experience for a global audience.
    • The platform offers a straightforward sign-up process and integrates with popular marketplaces such as Amazon, Upwork, and Fiverr, further simplifying the payment processes for online sellers.
  • Financial Services and Compliance:
    • Payoneer provides comprehensive financial services including local receiving accounts, mass payments, currency conversion, and tax services, which are essential for businesses engaging in international transactions.
    • It ensures security and compliance with PCI, fraud detection systems, and is AML/CTF compliant, making it a reliable platform for handling sensitive financial transactions.

These features underscore Payoneer’s commitment to facilitating efficient and secure international transactions, making it a preferred choice for businesses looking to expand globally.

Overview of Stripe

Stripe stands as a prominent payment service provider, primarily focusing on the needs of internet businesses across the United States and select additional countries. With its headquarters in San Francisco, Stripe has expanded its operations to support businesses from over 40 countries, enabling local acquiring in more than 35 nations through its 14 global offices. This extensive reach is complemented by Stripe’s ability to process payments in more than 135 currencies, catering to a diverse clientele that includes freelancers, small to large businesses, and large enterprises.

Key Features and Functionalities:

  • Payment Processing and Integration: Stripe offers a comprehensive suite of services that include subscription management, recurrent billing, and seamless integration with third-party payment services. Its robust APIs and developer tools are designed to accommodate a range of payment needs, from simple transactions to complex business models requiring advanced customization.
  • Flexibility and User Experience: Users of Stripe appreciate its straightforward sign-up process, which requires minimal information to get started. The platform supports various payment methods including credit cards, debit cards, mobile wallets, and even buy now, pay later services, making it versatile for different business models. Additionally, Stripe’s mobile integration allows businesses to manage transactions effectively through iOS and Android devices.
  • Security and Additional Services: Stripe is not only known for its strong security measures but also for providing valuable business tools such as billing, invoicing, sales tax automation, and detailed payment analytics. These features are crucial for businesses looking to streamline their financial operations and ensure compliance with relevant regulations.

In terms of customer support, Stripe provides assistance primarily through email and chat, with limited phone support available. This approach ensures that users can get help efficiently, aligning with the needs of fast-paced online businesses. The combination of powerful technology, extensive support for multiple payment methods, and a focus on security makes Stripe a formidable choice for businesses aiming to optimize their online payment systems.

Fee Structure Comparison

Comparing the fee structures of Payoneer and Stripe reveals distinct differences that can influence a business’s decision based on its specific needs:


  • Transaction Fees: Payoneer charges a flat fee per transaction, which varies depending on the currency and payment method used. This can affect businesses that deal with multiple currencies or require diverse payment methods.
  • Currency Conversion: Payoneer applies an exchange rate margin of up to 3% plus a currency conversion fee of 3.5% when using the Payoneer Mastercard. These fees are significant for businesses engaging in international transactions.
  • Receiving Funds: Fees for receiving funds also vary depending on the currency and method of payment, which adds another layer of cost for international dealings.


  • Transparent Pricing: Stripe offers a single, clear rate for all card payments, which simplifies budgeting for businesses. This rate typically includes 2.9% + $0.30 per successful online transaction.
  • Flexible Fee Structure: Stripe’s fees vary based on transaction type and volume, offering tailored pricing plans that can benefit larger businesses or those with specific needs.
  • Additional Charges: Stripe charges for various services like Stripe Radar for fraud screening, Stripe Issuing for card management, and Stripe Terminal for in-person payments, with fees clearly outlined per service.

Comparison Table:

Transaction FeesFlat fee, varies by currency2.9% + $0.30 per online transaction
Currency ConversionUp to 3% margin + 3.5% feeSmall fee based on mid-market rates
Additional ChargesVaries by payment method and funds receivedDetailed fees for additional services like Radar, Issuing

This comparison highlights that while Payoneer may be suitable for businesses needing a straightforward method for international payments, Stripe offers a more flexible and transparent pricing model that can be advantageous for businesses with diverse and voluminous transaction needs.

Ease of Use

When evaluating the ease of use between Payoneer and Stripe, it’s important to consider how each platform caters to its users through interface design, accessibility, and overall user experience. Here’s a detailed look at how Payoneer and Stripe perform in this crucial category:

  • Platform Accessibility:
    • Both Payoneer and Stripe offer robust support for multiple devices and platforms, including web-based services and mobile apps for both iOS and Android. This universal accessibility ensures that users can manage their transactions conveniently, irrespective of their preferred device.
  • User Experience:
    • Payoneer is recognized for its user-friendly interface, which simplifies the process of managing international transactions. It scores higher in ease of use, which is reflected in its overall higher ratings in various comparative analyses. This makes it particularly appealing for businesses and freelancers who require a straightforward, reliable solution for cross-border payments.
    • Stripe, while highly favored for its developer-friendly features and comprehensive API integrations, also offers a clean and intuitive user interface. Notable endorsements come from business owners like Taylor Lindores-Reeves of Digital Speed and Shawn Varughese of TekDash, who praise Stripe for its seamless subscription checkout flows and efficient tax management capabilities, respectively.
  • Comparison Table: User-FriendlinessAspectPayoneerStripeDevice CompatibilityWeb, iOS, AndroidWeb, iOS, AndroidInterface RatingHigherSlightly lowerNotable User FeedbackPreferred for ease of international paymentsChosen for developer-friendly features and comprehensive APIs

This section of the comparison underscores that while both services provide excellent support across various platforms, Payoneer edges out with a slight advantage in user-friendliness, particularly for those who prioritize ease of use in managing international payments. Stripe, however, remains a strong contender, especially for businesses that value extensive customization and technical integrations.

Payment Processing Capabilities

When assessing the payment processing capabilities of Stripe and Payoneer, it is crucial to delve into the specifics of how each platform supports various payment methods and offers unique features tailored to different business needs. Here is a detailed comparison of their capabilities:

Payment Methods Supported

  • Stripe: Known for its flexibility, Stripe supports a wide range of payment options including major credit and debit cards, ACH, contactless payments (such as Apple Pay and Google Pay), and digital wallets. This extensive support makes Stripe highly adaptable to various e-commerce scenarios.
  • Payoneer (Global Payments Integrated): Payoneer offers a similar range of payment methods but goes a step further by providing comprehensive POS solutions. These include card readers, ACH devices, check readers, and kiosk readers for unattended environments, catering particularly well to physical stores and businesses that also handle in-person transactions.

Integration and Developer Support

  • Stripe: Provides a developer-centric approach with extensive documentation and tools that facilitate custom integrations. This is particularly beneficial for businesses that require tailored solutions and those with in-house development teams looking to implement complex payment systems.
  • Payoneer: Offers a straightforward integration process that is less developer-focused but covers the essentials for businesses not requiring extensive customization. This approach is often sufficient for small to medium-sized enterprises or those without specific integration needs.

Additional Features and Services

  • Stripe: Beyond basic payment processing, Stripe handles storing cards, managing subscriptions, and handling disputes. It also offers additional features like fraud protection, invoicing capabilities, and subscription management, which are crucial for businesses looking to automate and streamline their financial operations.
  • Payoneer: Focuses on providing a holistic commerce solution with features like currency conversion, tax filing assistance, and escrow services. Additionally, Payoneer enhances business operations with customer analytics, reputation tools, online booking, and forms management within their single solution.

Comparative Table: Payment Processing Features

Payment MethodsCredit/Debit Cards, ACH, Digital WalletsCredit/Debit Cards, ACH, POS Solutions
Developer ToolsExtensive API and documentationBasic integration tools
Additional ServicesSubscription management, fraud protectionCurrency conversion, tax assistance, escrow services

This comparison elucidates that while both platforms offer robust payment processing capabilities, Stripe is particularly favorable for tech-savvy businesses or those needing a high degree of customization. Payoneer, on the other hand, provides a more rounded set of tools that facilitate not only online but also physical transactions, making it ideal for businesses that operate both online and offline.

Security and Compliance

In the realm of security and compliance, both Stripe and Payoneer exhibit strong measures to protect users and ensure adherence to global regulations. Here’s how each platform addresses security concerns:

Stripe’s Security Features:

  • PCI Compliance: Stripe is certified to PCI Service Provider Level 1, the highest level of certification. This certification is crucial for companies that handle credit card transactions to ensure secure data handling.
  • Fraud Detection and Prevention: Utilizing Radar, Stripe’s advanced machine learning tool, the platform offers enhanced fraud detection capabilities. This system automatically blocks suspicious transactions, providing an additional layer of security.
  • Customizable Security Controls: Users have the ability to set and customize controls for managing access and permissions, which enhances the security of sensitive financial data.

Payoneer’s Security Measures:

  • Regulatory Compliance: Payoneer is compliant with major security regulations, including GDPR and PCI DSS, ensuring that user data is handled securely and in compliance with international standards.
  • Advanced Security Protocols: The platform employs robust security measures such as data encryption, anti-fraud technology, and real-time payment tracking to safeguard user transactions.
  • KYC and Risk Management: Through rigorous account verification and KYC checks, Payoneer maintains high security standards. Its risk management system actively detects and prevents fraudulent activities, adding an extra layer of protection.

Comparative Analysis:

PCI ComplianceLevel 1Compliant
Fraud PreventionRadar for machine learning fraud detection, risk-based authenticationRisk management system, anti-fraud technology
Security CustomizationCustomizable access and permissions controlsStandard security protocols with two-factor authentication
Regulatory AdherenceCompliant with global standards, restricts illegal activitiesCompliant with GDPR, PCI DSS, fully regulated in multiple countries
Additional Security Services3D Secure 2, monitors and blocks suspicious transactionsReal-time payment tracking, data encryption

This comparison outlines that while both platforms are equipped with advanced security features suitable for handling sensitive financial transactions, Stripe’s customizable security options and comprehensive fraud prevention tools might appeal more to tech-savvy businesses. Conversely, Payoneer’s strong regulatory compliance and robust risk management systems make it a reliable choice for businesses prioritizing straightforward security measures with international reach.

Customer Support Services

When considering customer support services, both Stripe and Payoneer offer distinct approaches tailored to meet the needs of their diverse clientele. Here’s a detailed analysis of their customer support capabilities:

Customer Support Options

  • Payoneer:
    • Offers support through multiple channels including email, live chat, and phone, providing a comprehensive support system.
    • Features multilingual support across various time zones, catering to a global audience and ensuring assistance is available when needed.
  • Stripe:
    • Provides customer support primarily through phone and an extensive online knowledge base.
    • Includes video tutorials, which are particularly useful for visual learners and those new to payment processing platforms.

User Feedback and Trust

  • Stripe:
    • Holds an average rating of 7.4 out of 10 on Trustpilot, based on over 4,000 reviews, indicating a generally positive reception but with some areas for improvement.
  • Payoneer:
    • Noted for a higher level of trust among users, particularly due to the high volume of repeat transfers, suggesting a strong user satisfaction and reliability in ongoing services.

Comparative Table: Customer Support Services

Support ChannelsEmail, Live Chat, PhonePhone, Online Knowledge Base, Video Tutorials
Multilingual SupportAvailable in multiple languagesLimited to primarily English
User Trust RatingHigh, with repeat customer trustAverage, with room for improvement

This analysis highlights that while both platforms provide robust customer support, Payoneer’s multilingual and multi-channel support might be more appealing to international users requiring assistance in various languages. Conversely, Stripe’s structured online resources and video tutorials offer a self-service model that appeals to users who prefer to troubleshoot issues independently.

Integrations and Ecosystem

In the competitive landscape of payment solutions, the integration capabilities and ecosystem support of payment platforms like Stripe and Payoneer play a crucial role in determining their suitability for businesses. Here’s how each platform stands in terms of integrations and ecosystem support:

Integration Capabilities

  • Stripe: Known for its robust API and extensive developer tools, Stripe offers seamless integration capabilities. It supports a wide range of e-commerce systems, CRM software, and accounting applications, making it highly adaptable for various business needs.
  • Payoneer (Global Payments Integrated): While Payoneer also provides integration options, it focuses more on essential services suitable for businesses not requiring extensive customization. This makes it user-friendly for those with simpler integration needs.

Ecosystem Support

  • Partnership Benefits: Both platforms offer similar benefits through partnerships, including access to resources, tools, and opportunities for revenue sharing. This mutual approach helps businesses leverage additional capabilities beyond basic payment processing.
  • Developer and Community Support: Stripe excels with a strong developer community and comprehensive documentation available, facilitating custom solutions and innovation. Payoneer, while supportive, offers more basic guidance which caters well to users without a technical background.

Underwriting Processes

  • Stripe: Performs underwriting after onboarding, which may be more flexible for new businesses still organizing their operational frameworks.
  • Global Payments Integrated (Payoneer): Completes the underwriting process upfront, ensuring all compliance and risk assessments are addressed before transactions begin, which can enhance security and trustworthiness from the start.

Comparative Table: Integration and Ecosystem

FeatureStripePayoneer (Global Payments Integrated)
Integration FlexibilityHigh, with extensive APIs and support for numerous platformsModerate, focuses on essential integrations
Ecosystem PartnershipsExtensive resources and tools, plus revenue sharingSimilar partnership benefits with resources and tools
Underwriting ProcessPost-onboarding, allowing initial flexibilityPre-onboarding, enhancing initial security and compliance
Developer SupportStrong community, detailed documentationBasic support, suitable for non-technical users

This detailed overview highlights that Stripe might be more favorable for businesses looking for extensive customization and integration capabilities, while Payoneer offers a solid, straightforward solution that is easy to implement, particularly for businesses with simpler needs or those prioritizing upfront compliance and security.


Through a thorough exploration of both Stripe and Payoneer, this article has presented a comprehensive review aimed at assisting businesses in making the right choice for their online transaction needs. It has carefully evaluated various facets such as fee structures, user experience, payment processing capabilities, security measures, customer support, and integration possibilities. Both platforms exhibit unique strengths tailored to different business models, with Stripe offering extensive customization and integration capabilities for tech-savvy users and businesses requiring complex payment systems. On the other hand, Payoneer stands out for its ease of handling international transactions, making it highly suitable for freelancers and businesses engaged in global commerce.

Deciphering the right choice between Stripe and Payoneer hinges on specific business requirements, including transaction volumes, international payment needs, and the level of customization required. The comparative analysis underscores the importance of assessing each platform’s offerings against one’s business objectives. While this article abstains from adding new details in its conclusion, it emphasizes the significance of selecting a payment platform that not only caters to the immediate needs but also aligns with future growth trajectories. As technology and markets evolve, the decision today may influence operational efficiency and scalability tomorrow, suggesting a careful consideration of both platforms’ features against long-term business goals.


1. Which is preferable, Stripe or Payoneer?
Payoneer is known for its easy integration, global reach, and multiple payment options, along with additional services. Stripe, on the other hand, appeals more to developers, focusing on card payments and features like subscription management.

2. What are the advantages of using Payoneer?
Payoneer is a favored payment method among freelancers due to its safety, ease of setup, and generally lower transaction costs compared to other platforms like PayPal.

3. Can Payoneer be trusted for money transfers and global payments?
Yes, Payoneer is a safe and reliable platform for money transfers and global payments. It operates as a fully regulated Money Services Business, ensuring that your transactions and balances are secure.

4. How secure is Stripe for handling payments?
Stripe is highly secure, adhering to the Payment Card Industry Data Security Standards (PCI DSS), which ensures that it maintains a high standard of security for payment processing.


Jack Quy

About Author

Jack Quy is the founder of, a site dedicated to providing insights into freelancing and blogging from his own experience since 2009. His blog is full of great tips and strategies for all things related to working as a freelancer and blogger. No matter your level of experience, these invaluable hints and advice will help you reach your objectives. Be it if you're beginning in the industry or already have some working knowledge, this information is sure to be useful.

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