What are the differences between Payoneer and PayPal for freelancers?

Payoneer and PayPal are both popular payment systems used by freelancers worldwide. However, they have some key differences. PayPal is known for its ease of use and wide acceptance. It’s integrated with many online platforms and marketplaces, making it a convenient choice for freelancers. However, PayPal’s fees can be high, especially for international transactions. On the other hand, Payoneer is often praised for its lower fees and better currency conversion rates. It also offers a prepaid MasterCard that you can use worldwide. However, it’s not as widely accepted as PayPal. In terms of withdrawal, Payoneer allows direct bank transfers while PayPal requires an additional step. In conclusion, the choice between Payoneer and PayPal largely depends on your specific needs as a freelancer.