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Software · head to head

MYOB vs Payoneer

MYOB logo

MYOB

Software

Australian accounting and business management software for small and mid-sized businesses

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: MYOB every published price is promotional and reverts to a higher regular rate after an introductory period, for example Business Pro rises from AUD 21/month to AUD 70/month after 6 months; 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 MYOB and Payoneer actually diverge.

Attributes where MYOB and Payoneer differ
AttributeMYOBPayoneer
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 MYOB

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.

MYOB

No use cases recorded yet. See the MYOB review.

Payoneer

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

Where each one falls short

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

MYOB

  • Every published price is promotional and reverts to a higher regular rate after an introductory period, for example Business Pro rises from AUD 21/month to AUD 70/month after 6 months
  • Adding payroll employees beyond the included allowance costs an extra AUD 3/month per additional employee on top of the plan price

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

MYOB

On request

No published plan breakdown. See the MYOB review.

Payoneer

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

Which should you pick?

Choose MYOB if

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

MYOB 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 MYOB or Payoneer better?
Neither clearly leads. MYOB 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, MYOB or Payoneer?
MYOB starts at On request and Payoneer at $29/month.
Does MYOB or Payoneer run on more platforms?
MYOB runs on Web. Payoneer runs on Web, Ios, Android.
What can MYOB do that Payoneer cannot?
Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts.
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