Paypal and Payoneer are two of the most popular online payment systems among freelancers in the Philippines. This is for good reason. Both are finely developed products, enabling both brands and freelancers to spend more time on the project and less on handling and receiving payments.

The dilemma, however, rises for the beginning freelancer. Which of these two should s/he choose? Which has the better set of features? The lesser fee charged? Those are what I intend to lay down on this post.

Paypal vs Payoneer: Which is Better For Freelancers in the Philippines?

Paypal vs Payoneer: What’s the difference?

There are plenty of differences between Paypal and Payoneer, but perhaps the most significant is the scale of transaction that they are respectively better for. To illustrate, PayPal imposes a standard 4.4% transaction fee + a standard $.30 charge, which is exclusive of the other fees that PayPal may charge you (i.e. converting the payment to your local currency). Meanwhile, Payoneer has a transaction charge of 2% (waived depending on the amount of the and a conversion rate of 2% on top of that.

Here’s a neat comparison between the two online payment systems and direct wire transfers:

Paypal vs Payoneer: Which is Better For Freelancers in the Philippines?

Paypal vs Payoneer: What’s my take?

I personally used both, and I’m inclined to say Payoneer is the better service for freelancers in the Philippines. There are a few factors to consider still, though, as this article is being written for freelancers living in the Philippines. If you are living in the U.S. and other major countries that PayPal support, it actually makes sense to stick with PayPal, but for the rest of the world, I say Payoneer. For us at least here in the Philippines the processes are smoother.

Also, here’s an important feature: Payoneer does not require your client to have an account, although having one has its perks. You only have to send them a link, which will take your client through a portal where they will be able to securely key in their card information to pay you. Neat, right

The winner: Payoneer — but wait, there’s more!

Paypal vs Payoneer: Which is Better For Freelancers in the Philippines?

Before I close this article, I’d like to point out that Payoneer also offers a product called Payoneer Mastercard. Should you choose to order—takes days, but definitely worth the wait!—your transactions will be processed much faster. Instead of the 2-4 days, the payment will be transferred to your MasterCard within 24 hours. You can also use the card to shop both online and offline.

Register for a free Payoneer account here and get a $25 signing bonus.

Register for a free PayPal account here.


I hope you guys found value in this article; if you in fact did, you’re welcome to share it with your freelancer friends. If you have questions, hit the comments section or tweet me @armanddc. I’d be glad to answer all your questions.

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