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BlackLine vs Payoneer

BlackLine logo

BlackLine

Software

Finance & accounting automation

From
$29/month
Rated
-
Full reviewWebsite
Payoneer logo

Payoneer

Software

One account. Infinite opportunities.

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: BlackLine listed on UK G-Cloud 13 at £1,150 to £2,160 per user per year for the public sector, with no free trial offered, per BlackLine's Finance Operations Management Solution pricing document; 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: BlackLine covers Account reconciliation, Payoneer covers Receive payments.

Where they differ

Only the attributes on which BlackLine and Payoneer actually diverge.

Attributes where BlackLine and Payoneer differ
AttributeBlackLinePayoneer
Pricing modelsubscriptionusage-based
PlatformsWebWeb, Ios, Android
Founded20012005

Identical on both: starting price ($29/month), free tier (No), user rating (Not yet rated), category (Unknown).

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 BlackLine

  • Account reconciliation
  • Journal entries
  • Task management
  • Variance analysis
  • Financial close
  • SAP
  • Oracle
  • NetSuite

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.

BlackLine

  • Financial closenot Payoneer
  • Reconciliationnot Payoneer
  • Continuous accountingnot Payoneer

Payoneer

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

Where each one falls short

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

BlackLine

  • Listed on UK G-Cloud 13 at £1,150 to £2,160 per user per year for the public sector, with no free trial offered, per BlackLine's Finance Operations Management Solution pricing document

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

BlackLine

$29/month
  • EnterpriseFree
    • Custom pricing
    • Account reconciliation
    • Task management

Payoneer

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

Which should you pick?

Choose BlackLine if

  • You need account reconciliation.
  • You also want journal entries.
BlackLine 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 BlackLine or Payoneer better?
Neither clearly leads. BlackLine starts at $29/month and Payoneer at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, BlackLine or Payoneer?
BlackLine starts at $29/month and Payoneer at $29/month.
Does BlackLine or Payoneer run on more platforms?
BlackLine runs on Web. Payoneer runs on Web, Ios, Android.
What is BlackLine best used for?
BlackLine is most often used for financial close, reconciliation, continuous accounting. Of those, financial close and reconciliation are not what Payoneer is typically brought in for.
What can BlackLine do that Payoneer cannot?
BlackLine covers Account reconciliation, Journal entries, Task management, Variance analysis. Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts. Both handle Web support.
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