Is MYOB or Payoneer better?

Neither clearly leads. MYOB starts at 12/year 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 12/year and Payoneer at $29/month.

Does MYOB or Payoneer run on more platforms?

MYOB runs on Web. Payoneer runs on Web, Ios, Android.

What is MYOB best used for?

MYOB is most often used for tracking income and unlimited expenses for tax lodgement, processing payroll with automated superannuation contributions, managing gst compliance and business activity statement filing, reconciling bank transactions and monitoring cash flow. Of those, tracking income and unlimited expenses for tax lodgement and processing payroll with automated superannuation contributions are not what Payoneer is typically brought in for.

What can MYOB do that Payoneer cannot?

Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts.

Accounting · head to head

MYOB vs Payoneer

MYOB

Accounting

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

From: 12/year
Rated: -

Full review Website

Payoneer

Accounting

One account. Infinite opportunities.

From: $29/month
Rated: -

Full review Website

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
Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which MYOB and Payoneer actually diverge.

Attributes where MYOB and Payoneer differ
Attribute	MYOB	Payoneer
Starting price	12/year	$29/month
Pricing model	subscription	usage-based
Platforms	Web	Web, Ios, Android
Founded	Unknown	2005

Identical on both: free tier (No), user rating (Not yet rated), category (Accounting).

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

Tracking income and unlimited expenses for tax lodgementnot Payoneer
Processing payroll with automated superannuation contributionsnot Payoneer
Managing GST compliance and Business Activity Statement filingnot Payoneer
Reconciling bank transactions and monitoring cash flownot Payoneer

Payoneer

Freelancer payment collection from Upwork, Fiverr, and global marketplacesnot MYOB
Multi-currency account management with 70+ currencies supportednot MYOB
International wire transfers to 190+ countries and territoriesnot MYOB
Business contractor payments and global workforce managementnot MYOB
Marketplace mass payouts for seller platforms and gig economynot 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

12/year

Solo by MYOB$99/year
- First year $12 (70% off)
Business Lite$315/year
- First year $94.50 (70% off)
- Payroll $3/month per employee max 2
Business Pro$70/month
- First 6 months $21 (70% off)
- Unlimited payroll employees
- 14-day free trial
Business AccountRight Plus$165/month
- First 3 months $66 (60% off)
- Unlimited payroll
- 14-day free trial

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 12/year 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 12/year and Payoneer at $29/month.
Does MYOB or Payoneer run on more platforms?: MYOB runs on Web. Payoneer runs on Web, Ios, Android.
What is MYOB best used for?: MYOB is most often used for tracking income and unlimited expenses for tax lodgement, processing payroll with automated superannuation contributions, managing gst compliance and business activity statement filing, reconciling bank transactions and monitoring cash flow. Of those, tracking income and unlimited expenses for tax lodgement and processing payroll with automated superannuation contributions are not what Payoneer is typically brought in for.
What can MYOB do that Payoneer cannot?: Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts.

Answered from the vendors’ own pages

MYOB: How much does MYOB cost?

MYOB pricing starts at $12 AUD per year (first year only) for Solo, with plans ranging to $165 AUD per month for AccountRight Plus after introductory periods expire.

Source

Payoneer: What are Payoneer's withdrawal fees?

Payoneer states its mission is to simplify international payments, but specific withdrawal fees are not published on the homepage. Fee details are accessed via the pricing section.

Source

MYOB: What is MYOB's introductory pricing?

MYOB offers 60-70% off introductory pricing for the first 3-12 months depending on plan selection, after which regular pricing applies with no lock-in contracts.

Source

Payoneer: How much does Payoneer charge for currency conversion?

Payoneer manages multi-currency transactions but does not display conversion rates or fee percentages on the main website.

Source

MYOB: Does MYOB include payroll pricing?

Payroll starts at $3/month per employee (limited on lower tiers) and is included unlimited on Business Pro and AccountRight Plus plans.

Source

Payoneer: Is there a monthly fee to keep a Payoneer account?

Payoneer does not list account maintenance fees on its homepage. Specific pricing for account types (freelancer, business, marketplace) requires accessing the pricing page.

Source

MYOB vs Payoneer

MYOB

Payoneer

The short version

Where they differ

What each one covers

Only in MYOB

Only in Payoneer

What people use each for

MYOB

Payoneer

Where each one falls short

MYOB

Payoneer

Pricing, plan by plan

MYOB

Payoneer

Which should you pick?

Choose MYOB if

Choose Payoneer if

Questions people ask

Answered from the vendors’ own pages

Related pages

More on MYOB

More on Payoneer

Keep looking

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