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Database & Data Management · head to head

Amazon Redshift vs Payoneer

Amazon Redshift logo

Amazon Redshift

Database & Data Management

Fast, scalable cloud data warehouse from AWS

From
Free
Rated
-
Full reviewWebsite
Payoneer logo

Payoneer

Accounting & Finance

One account. Infinite opportunities.

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Only Amazon Redshift has a free tier, so it costs nothing to try first.
  • Each has a real cost: Amazon Redshift on-demand pricing runs up to 75% higher than competitors like Snowflake and BigQuery; Payoneer an annual account fee of $29.95 USD applies if the account receives less than $6,000 USD in any 12 consecutive months
  • They diverge on capability: Amazon Redshift covers Columnar Storage, Payoneer covers Receive payments.

Where they differ

Only the attributes on which Amazon Redshift and Payoneer actually diverge.

Attributes where Amazon Redshift and Payoneer differ
AttributeAmazon RedshiftPayoneer
Starting priceFree$29/month
Free tierYesNo
PlatformsWebWeb, Ios, Android
CategoryDatabase & Data ManagementAccounting & Finance
Founded20122005

Identical on both: pricing model (usage-based), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Amazon Redshift

  • Columnar Storage
  • Massively Parallel
  • Machine Learning
  • AQUA Acceleration
  • Data Sharing
  • Federated Query
  • Concurrency Scaling
  • S3

Only in Payoneer

  • Receive payments
  • Multi-currency accounts
  • Working capital
  • Mass payouts
  • Marketplace integrations
  • Amazon
  • Fiverr
  • Upwork

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

Amazon Redshift

  • Business intelligencenot Payoneer
  • Data warehousingnot Payoneer
  • Real-time analyticsnot Payoneer
  • Reportingnot Payoneer
  • Machine learningnot Payoneer

Payoneer

  • Receiving marketplace and platform payouts as a freelancer or sellernot Amazon Redshift
  • Holding receiving accounts in several currenciesnot Amazon Redshift
  • Paying suppliers and withdrawing to a local bank accountnot Amazon Redshift

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Amazon Redshift

  • On-demand pricing runs up to 75% higher than competitors like Snowflake and BigQuery
  • Requires significant manual tuning including managing concurrency scaling costs and configuring Workload Management queues
  • Performance degrades without proper design of distribution keys and sort keys
  • Limited elastic resize options - can only halve or double current cluster size
  • AWS lock-in makes it unsuitable for multi-cloud architectures

Payoneer

  • An annual account fee of $29.95 USD applies if the account receives less than $6,000 USD in any 12 consecutive months
  • The Payoneer card carries a $29.95 USD annual fee and $12.95 USD for a replacement
  • Converting between Payoneer balances in different currencies costs 0.50%
  • Receiving into a non local currency receiving account costs 1%, minimum $1.00 USD
  • Receiving by credit card costs up to 3.99% plus $0.49 USD
  • Withdrawing to a bank in the recipient's local currency costs 1.2% to 4%
  • ATM withdrawals cost $3.15 USD plus up to 1.8%, rising to 3.5% when currency is converted
  • Card purchases requiring conversion cost up to 3.5%

Pricing, plan by plan

Amazon Redshift

Free
  • Free TrialFree
    • 750 DC2.Large hours
    • 2 months free
    • Full features
  • On-Demand$0.25/hour
    • Pay per node hour
    • All features
    • Standard support

Payoneer

$29/month
  • StandardFree
    • Receive payments
    • Multi-currency
    • Marketplace connections

Which should you pick?

Choose Amazon Redshift if

  • You need columnar storage.
  • You want to start without paying.
  • You also want massively parallel.
Amazon Redshift review

Choose Payoneer if

  • You need receive payments.
  • You work on Web, Ios, Android.
  • You also want multi-currency accounts.
Payoneer review

Questions people ask

Is Amazon Redshift or Payoneer better?
Neither clearly leads. Amazon Redshift starts at Free and Payoneer at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Amazon Redshift or Payoneer?
Amazon Redshift has a free tier; the other does not. Paid plans start at Free for Amazon Redshift and $29/month for Payoneer.
Does Amazon Redshift or Payoneer run on more platforms?
Amazon Redshift runs on Web. Payoneer runs on Web, Ios, Android.
Can I use Amazon Redshift for free?
Yes. Amazon Redshift has a free tier, so you can try it without paying. Payoneer starts at $29/month.
What is Amazon Redshift best used for?
Amazon Redshift is most often used for business intelligence, data warehousing, real-time analytics, reporting. Of those, business intelligence and data warehousing are not what Payoneer is typically brought in for.
What can Amazon Redshift do that Payoneer cannot?
Amazon Redshift covers Columnar Storage, Massively Parallel, Machine Learning, AQUA Acceleration. Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts. Both handle Web support.

Answered from the vendors’ own pages

Amazon Redshift: What deployment options does Amazon Redshift offer?

Redshift offers Provisioned Cluster (with RA3 or DC2 nodes) and Serverless options to match varying workloads. The new Redshift RG instance family, powered by Graviton, delivers 2.4x faster performance than RA3 at 30% lower cost per vCPU.

Source
Amazon Redshift: What does Amazon Redshift cost?

Provisioned cluster pricing: RA3 on-demand starts at $1.086/hour for ra3.xlplus. Serverless costs approximately $0.375 per RPU-hour with 4-RPU minimum (roughly $1.50/hour active workload). Managed storage costs $0.024/GB-month.

Source
Amazon Redshift: Does Redshift work with data lakes?

Yes, Redshift's integrated data lake query engine processes workloads on Apache Iceberg tables and other supported formats in Amazon S3, allowing you to run SQL analytics across your data warehouse and data lake from the same engine.

Source
Amazon Redshift: Is there a free tier for Amazon Redshift?

AWS offers a free trial with $300 USD in Serverless credits valid for 90 days, but Redshift is not part of the permanent AWS Free Tier.

Source
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