What are the differences between Payoneer and eBay in terms of payment systems?
Payoneer and eBay are two different platforms with distinct functionalities. Payoneer is a financial services company that provides online money transfer and digital payment services. It allows users to send and receive payments internationally. On the other hand, eBay is an e-commerce platform that facilitates consumer-to-consumer and business-to-consumer sales. eBay itself doesn’t provide payment services, but it integrates with PayPal (and other payment gateways) to facilitate transactions between buyers and sellers. In terms of fees, Payoneer charges for currency conversion and withdrawals, while eBay charges listing and selling fees. However, eBay’s payment processing fees depend on the payment gateway used (like PayPal). It’s important to check the specific fees on both platforms as they can vary based on different factors.