What are the differences and similarities between Payoneer and PayPal?

Payoneer and PayPal are both online payment systems that allow users to send and receive money globally. They are similar in that they both provide a platform for online transactions, support multiple currencies, and are widely accepted worldwide. However, they differ in several ways. PayPal is more widely used for online shopping and personal transactions, while Payoneer is more popular among freelancers and businesses due to its lower fees for large transactions. PayPal’s fees are generally higher, but it offers buyer protection, which Payoneer does not. Additionally, Payoneer offers a prepaid Mastercard which can be used at ATMs, something that PayPal does not offer. Both have their own advantages and disadvantages, and the choice between the two often depends on the specific needs and circumstances of the user.