What are the differences between Payoneer and Western Union?

Payoneer and Western Union are both popular platforms for sending and receiving money worldwide, but they have some key differences. Payoneer is a financial services company that provides online money transfer, digital payment services and provides customers with working capital. It is widely used by freelancers and businesses for cross-border transactions. Payoneer charges a flat fee for transfers, and the receiver gets the money directly into their bank account or on a prepaid MasterCard. Western Union, on the other hand, is a traditional money transfer service with physical locations worldwide. It allows cash pickup and has more payout methods, but its fees can be higher and vary based on the amount and destination. Western Union is often used for personal transfers to family and friends. The choice between the two depends on your specific needs, such as the amount of money, destination, and whether you prefer online transactions or cash pickup.