Softwr

Software · head to head

FloQast vs Payoneer

FloQast logo

FloQast

Software

Close management software for accounting teams

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: FloQast no pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against; 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: FloQast covers Close management, Payoneer covers Receive payments.

Where they differ

Only the attributes on which FloQast and Payoneer actually diverge.

Attributes where FloQast and Payoneer differ
AttributeFloQastPayoneer
Pricing modelsubscriptionusage-based
PlatformsWebWeb, Ios, Android
Founded20132005

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 FloQast

  • Close management
  • Reconciliation
  • Flux analysis
  • Audit prep
  • Team collaboration
  • NetSuite
  • QuickBooks
  • Sage

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.

FloQast

  • Managing the accounting close with checklists and reconciliationsnot Payoneer
  • Automating account reconciliation and compliance workflowsnot Payoneer

Payoneer

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

Where each one falls short

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

FloQast

  • No pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against
  • The product is split into five separately packaged solution categories
  • Every route to a figure runs through a personalised demo

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

FloQast

$29/month
  • StandardFree
    • Custom pricing
    • Close management
    • Reconciliation

Payoneer

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

Which should you pick?

Choose FloQast if

  • You need close management.
  • You also want reconciliation.
FloQast 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 FloQast or Payoneer better?
Neither clearly leads. FloQast 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, FloQast or Payoneer?
FloQast starts at $29/month and Payoneer at $29/month.
Does FloQast or Payoneer run on more platforms?
FloQast runs on Web. Payoneer runs on Web, Ios, Android.
What is FloQast best used for?
FloQast is most often used for managing the accounting close with checklists and reconciliations, automating account reconciliation and compliance workflows. Of those, managing the accounting close with checklists and reconciliations and automating account reconciliation and compliance workflows are not what Payoneer is typically brought in for.
What can FloQast do that Payoneer cannot?
FloQast covers Close management, Reconciliation, Flux analysis, Audit prep. Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts. Both handle Web support.
ShareXLinkedInRedditWhatsAppEmail

Related pages

More on FloQast

More on Payoneer

Keep looking

Other head to heads