How is Payoneer different from PayPal?

Payoneer and PayPal are both online payment systems, but they have several key differences. Firstly, Payoneer focuses more on international transactions, making it a popular choice for freelancers and businesses operating globally. It offers services in over 200 countries and 150 currencies. PayPal, on the other hand, is more consumer-focused and is commonly used for online shopping and personal transactions. Secondly, Payoneer offers a prepaid Mastercard which can be used at ATMs, something that PayPal doesn’t offer. Lastly, the fee structures of the two platforms are different. Payoneer charges a flat fee for transactions, while PayPal charges a percentage of the transaction amount plus a fixed fee. These differences make each platform more suitable for different types of users and transactions.