What are the key differences between Payoneer and Wise in India?

Payoneer and Wise (formerly known as TransferWise) are two popular platforms for international money transfers, particularly for freelancers and businesses. Both have their own unique features and benefits. Payoneer is known for its strong integration with freelance marketplaces like Upwork and Fiverr, and offers the ability to receive payments in multiple currencies. However, it has higher fees compared to Wise. On the other hand, Wise is renowned for its transparency and low fees. It uses the real mid-market exchange rate and charges a small, upfront fee. It also offers a multi-currency account. However, it doesn’t integrate directly with freelance platforms. In terms of speed, Wise usually completes transfers within 1-2 business days, while Payoneer may take up to 3-5 business days. Ultimately, the choice between Payoneer and Wise in India would depend on your specific needs and priorities.