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Professional Services · head to head

FreshBooks vs Payoneer

FreshBooks logo

FreshBooks

Professional Services

Accounting software that makes you look good

From
Free
Rated
-
Full reviewWebsite
Payoneer logo

Payoneer

Accounting & Finance

One account. Infinite opportunities.

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Only FreshBooks has a free tier, so it costs nothing to try first.
  • Each has a real cost: FreshBooks lite tier limited to 5 clients maximum; 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: FreshBooks covers Invoicing, Payoneer covers Receive payments.

Where they differ

Only the attributes on which FreshBooks and Payoneer actually diverge.

Attributes where FreshBooks and Payoneer differ
AttributeFreshBooksPayoneer
Starting priceFree$29/month
Pricing modelUnknownusage-based
Free tierYesNo
CategoryProfessional ServicesAccounting & Finance
Founded20032005

Identical on both: platforms (Web, iOS, Android), 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 FreshBooks

  • Invoicing
  • Expense tracking
  • Time tracking
  • Project management
  • Payments
  • Financial reporting
  • Proposals
  • Mileage tracking

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.

FreshBooks

  • Invoicing and payment processingnot Payoneer
  • Time tracking and expense managementnot Payoneer
  • Multi-client project accountingnot Payoneer

Payoneer

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

Where each one falls short

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

FreshBooks

  • Lite tier limited to 5 clients maximum
  • E-signatures, proposals, and client retainers unavailable on Lite and Plus tiers
  • Advanced payment processing fee of £20/month on Plus tier (extra cost)
  • Email customization and project profitability tracking restricted to Premium tier and above
  • Offline mode not available; web-based only

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

FreshBooks

Free

No published plan breakdown. See the FreshBooks review.

Payoneer

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

Which should you pick?

Choose FreshBooks if

  • You need invoicing.
  • You want to start without paying.
  • You work on Web, iOS, Android.
  • You also want expense tracking.
FreshBooks 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 FreshBooks or Payoneer better?
Neither clearly leads. FreshBooks 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, FreshBooks or Payoneer?
FreshBooks has a free tier; the other does not. Paid plans start at Free for FreshBooks and $29/month for Payoneer.
Does FreshBooks or Payoneer run on more platforms?
FreshBooks runs on Web, iOS, Android. Payoneer runs on Web, Ios, Android.
Can I use FreshBooks for free?
Yes. FreshBooks has a free tier, so you can try it without paying. Payoneer starts at $29/month.
What is FreshBooks best used for?
FreshBooks is most often used for invoicing and payment processing, time tracking and expense management, multi-client project accounting. Of those, invoicing and payment processing and time tracking and expense management are not what Payoneer is typically brought in for.
What can FreshBooks do that Payoneer cannot?
FreshBooks covers Invoicing, Expense tracking, Time tracking, Project management. Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts.
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