Payoneer Alternatives for Business Payments

Please note that the information about the companies in this article was sourced from their respective websites as of June 2025. This information may be subject to change.

Payoneer works well for many global sellers—especially those on marketplaces or freelancers needing simple cross-border payments. But as your business grows or shifts toward direct e-commerce, you might find its setup a bit limiting, especially in the UK and Europe.

This guide introduces three Payoneer alternatives—Noda, Revolut, and Wise. We’ll help you explore which one fits your business best, based on how you sell, where you operate, and what you need from your provider.

What Does Payoneer Offer for Payment Processing?

Payoneer’s flagship product is its multi-currency account, which lets users manage Payoneer’s bank-like accounts in major currencies, and pay via Payoneer’s own digital wallet. Their multi-currency business account allows them to receive money in nine major currencies, including GBP, USD, EUR, CAD, AUD, JPY, and more.

Payoneer’s business features also include merchant services such as a payment gateway, card issuing, workforce management, and more.

Payoneer’s Merchant Services

• Payoneer Checkout lets online sellers take payments directly on their website. It supports 120+ currencies, major payment methods, and works with e-commerce platforms. Features include instant card payments, refunds, chargeback tools, and fraud protection. Integration available via API or plugins. 
• Invoicing and payment requests let Payonner customers bill clients worldwide. They can get paid by bank transfer, card, ACH, or PayPal (where supported).
• Note that Payoneer offers limited options for accepting payments in the UK and Europe, as it’s more tailored to the US markets.

Payoneer’s Pricing

Opening a Payoneer multi-currency account is free. Users can send and receive payments for free, but only if both parties use Payoneer platform. For payments coming from outside the platform, like on the merchant’s website, the fees are fairly high.

Card payments cost 3.99% per transaction, plus a $0.49 fixed fee in some countries. ACH bank debits in the US come with a 1% fee, while PayPal payments in the US cost 3.99% + $0.49.

Payoneer pricing as of June 2025.

Payoneer is mainly built for the US market, so payment options in the UK and Europe are more limited. As a result, businesses in these regions often face higher fees.

Read: How to Reduce Card Processing Fees

Best Payoneer Alternatives 2025

Noda

Looking for a simpler, more cost-effective way to take payments online?

Noda is a smart alternative to Payoneer—built specifically for website checkout and e-commerce. We focus on fast, secure payments through open banking, letting you accept both cards and pay-by-bank, and send payouts with ease.

With no card networks involved, you get lower fees, no chargebacks, and a smooth user experience. We connect with 2,000+ banks across 28 countries in the UK and Europe and support multiple currencies—perfect for global growth.

Integration is available via API, but we also offer quick plugin setups for platforms like WooCommerce, OpenCart, Magento, and PrestaShop, plus no-code options like payment links and QR codes if you want to go live fast.

Noda’s Pricing

Noda doesn’t lock you into fixed pricing plans—we use transaction-based pricing with fees starting as low as 0.1% per transaction.

With pay-by-bank (open banking), you can skip card processing fees altogether. Payments go straight from your customer’s bank to yours, cutting out expensive card networks and saving you money on interchange and scheme fees. It’s a smarter, more cost-efficient way to get paid.

Calculate how much you’ll save on fees with Noda

Revolut

Revolut was founded as a mobile-first challenger bank for users and businesses looking for low-cost currency exchange. Similar to Payoneer, its main product is a multi-currency account in 36 currencies with competitive rates.

While Revolut Business includes a payment gateway, it’s just one part of a broader offering—not the core focus. It supports payments in 25+ currencies via cards, wallets (including Revolut Pay), UK Fast Payments, and instant bank transfers. You can also accept payments with no-code tools like links, QR codes, and invoices.

Businesses can send up to 1,000 payments at once and create branded invoices with built-in payment options. For online sellers, Revolut offers e-commerce plugins and a Merchant API, plus corporate cards with built-in spend controls for teams.

Revolut’s Pricing

Revolut charges a monthly fee for Business accounts, depending on the selected plan:

• Basic: £10/month
• Growth: £30/month
• Scale: £90/month
• Enterprise: Custom pricing, tailored to your business need

In terms of payment processing pricing, Revolut charges the following fees:

Wise

Wise is an app like Payoneer, focussed on international banking, especially for businesses that work across borders. Based in the UK, Wise Business offers multi-currency accounts, lets you receive payments in 16 currencies, and always uses the mid-market exchange rate—so you avoid hidden markups.

Unlike traditional e-commerce gateways, Wise doesn’t offer a checkout page. Payments are made through bank transfers, payment links, or QR codes. You can send one-off or recurring payments, manage up to 1,000 payouts at once, and issue invoices. Wise also offers business debit cards with spend limits and supports automation through APIs and app integrations.

Wise’s Pricing

As of June 2025, registering an account with Wise is free. The provider charges from 0.33% for sending money, with fees varying by currency. Receiving money is free for domestic (non-swift and non-wire) payments, for nine major currencies. However, receiving money in swift and wire has the following fees:

Which Provider Is Best for Your Business?

Noda is a perfect Payoneer competitor for digital-first businesses selling online in the UK and Europe. It offers a clean, fast checkout experience powered by open banking—no card processing fees, no chargebacks, and instant payouts by default. If you want to reduce costs and improve conversion without relying on complex tech, Noda gives you a streamlined, future-ready setup.

Revolut is a company like Payoneer, for businesses that want a blend of payment tools and financial management. It supports various payment methods, batch payouts, and comes with built-in tools for team spending. While it does include a payment gateway, it’s not the platform’s main focus—better for all-in-one banking than dedicated e-commerce.

Wise is best for businesses without integrated e-commerce sales on the website, focused on sending and receiving international payments. It supports multiple currencies and offers competitive exchange rates. However, it’s not a full payment gateway—there’s no checkout page—so it won’t suit businesses that need to accept payments on their website.