What are the differences between Payoneer and PayPal in Colombia?

Payoneer and PayPal are both popular payment systems, but they have some differences that may make one more suitable for you than the other, especially in Colombia. Payoneer is known for its low transaction fees and its ability to receive payments in multiple currencies, which can be beneficial for freelancers or businesses dealing with international clients. It also offers a prepaid MasterCard that can be used worldwide. However, Payoneer requires a minimum balance for withdrawals, and it may take a few days for transactions to process. On the other hand, PayPal is widely accepted and used globally, making it a convenient choice. It offers instant transfers and doesn’t require a minimum balance. However, PayPal’s fees can be higher, especially for international transactions. It’s also worth noting that PayPal’s customer service is often criticized, while Payoneer is praised for its customer support.