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Carta vs Payoneer

Carta logo

Carta

Software

Equity management & valuations

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: Carta free plan eligibility as captured 19 January 2024 was capped at companies with fewer than 25 stakeholders and less than $1M raised in funding; 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: Carta covers Cap table management, Payoneer covers Receive payments.

Where they differ

Only the attributes on which Carta and Payoneer actually diverge.

Attributes where Carta and Payoneer differ
AttributeCartaPayoneer
Pricing modelsubscriptionusage-based
Founded20122005

Identical on both: starting price ($29/month), free tier (No), platforms (Web, Ios, Android), 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 Carta

  • Cap table management
  • 409A valuations
  • Equity plans
  • Investor reporting
  • Fund administration
  • QuickBooks
  • Gusto
  • Slack

Only in Payoneer

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

Both cover

  • Web support
  • Ios support
  • Android support

What people use each for

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

Carta

  • Equity managementnot Payoneer
  • 409A valuationsnot Payoneer
  • Fund administrationnot Payoneer

Payoneer

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

Where each one falls short

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

Carta

  • Free plan eligibility as captured 19 January 2024 was capped at companies with fewer than 25 stakeholders and less than $1M raised in funding

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

Carta

$29/month
  • LaunchFree
    • Cap table
    • Stakeholder management
  • Seed$360/year
    • 409A valuations
    • Option exercising
    • Scenarios

Payoneer

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

Which should you pick?

Choose Carta if

  • You need cap table management.
  • You work on Web, Ios, Android.
  • You also want 409a valuations.
Carta 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 Carta or Payoneer better?
Neither clearly leads. Carta 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, Carta or Payoneer?
Carta starts at $29/month and Payoneer at $29/month.
Does Carta or Payoneer run on more platforms?
Both run on Web, Ios, Android, so platform support will not decide this one for you.
What is Carta best used for?
Carta is most often used for equity management, 409a valuations, fund administration. Of those, equity management and 409a valuations are not what Payoneer is typically brought in for.
What can Carta do that Payoneer cannot?
Carta covers Cap table management, 409A valuations, Equity plans, Investor reporting. Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts. Both handle Web support, Ios support, Android support.
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