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Fiken vs Payoneer

Fiken logo

Fiken

Software

Norwegian accounting software for sole proprietors and small companies

From
On request
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: Fiken core functions beyond basic bookkeeping are unbundled add-ons billed separately, including bank connection, API access and payroll at 69-99 kr/month each on top of the 219 kr/month base plan (NOK); Payoneer an annual account fee of $29.95 USD applies if the account receives less than $6,000 USD in any 12 consecutive months

Where they differ

Only the attributes on which Fiken and Payoneer actually diverge.

Attributes where Fiken and Payoneer differ
AttributeFikenPayoneer
Starting priceOn request$29/month
Pricing modelsubscriptionusage-based
PlatformsWebWeb, Ios, Android
FoundedUnknown2005

Identical on both: 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 Fiken

Nothing recorded that Payoneer does not also cover.

Only in Payoneer

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

What people use each for

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

Fiken

No use cases recorded yet. See the Fiken review.

Payoneer

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

Where each one falls short

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

Fiken

  • Core functions beyond basic bookkeeping are unbundled add-ons billed separately, including bank connection, API access and payroll at 69-99 kr/month each on top of the 219 kr/month base plan (NOK)
  • Tax filing is a separate annual add-on costing 1,290 kr for sole proprietors or 1,590 kr for AS companies, not included in the monthly subscription (NOK)

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

Fiken

On request

No published plan breakdown. See the Fiken review.

Payoneer

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

Which should you pick?

Choose Fiken if

Nothing in the data separates Fiken from Payoneer on the points above - pick on price and on how each one feels to use.

Fiken 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 Fiken or Payoneer better?
Neither clearly leads. Fiken starts at On request and Payoneer at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Fiken or Payoneer?
Fiken starts at On request and Payoneer at $29/month.
Does Fiken or Payoneer run on more platforms?
Fiken runs on Web. Payoneer runs on Web, Ios, Android.
What can Fiken do that Payoneer cannot?
Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts.
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