Payoneer vs Paypal: Fees
When choosing a digital money transfer service, it's important to consider the fees involved. While these are generally cheaper than traditional banking services, the specific fees for depositing, withdrawing and membership plans vary.
When making a standard cash deposit, Paypal is fee-free for the depositing of paychecks, tax refunds, or government benefits into your account. Other deposit methods have a fee up to $3.95. Due to its eCommerce focus, Payoneer works differently - depositing and paying other Payoneer customers is totally free. Still, payments to anyone who does not have an account will cost 2% of the transaction amount.
Withdrawing money from your PayPal account to your bank account or debit card is totally free, but withdrawing to other banking services may cost a small fixed fee. On the other hand, Payoneer does not provide fee-free withdrawals, with both local and non-local currency withdrawals costing up to 2% in fees.