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Software · head to head

Paychex Flex vs Payoneer

Paychex Flex logo

Paychex Flex

Software

Payroll and HR solutions that grow with you

From
$39/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: Paychex Flex paychex publishes no rate card for Paychex Flex: the payroll page names the Select, Pro and Enterprise packages but gives no per employee fee, no base monthly fee and no setup fee; 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: Paychex Flex covers Payroll Processing, Payoneer covers Receive payments.

Where they differ

Only the attributes on which Paychex Flex and Payoneer actually diverge.

Attributes where Paychex Flex and Payoneer differ
AttributePaychex FlexPayoneer
Starting price$39/month$29/month
Pricing modelquoteusage-based
Founded19712005

Identical on both: free tier (No), platforms (Web, Ios, Android), 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 Paychex Flex

  • Payroll Processing
  • Tax Administration
  • HR Services
  • Benefits Administration
  • Time and Attendance
  • Retirement Services
  • QuickBooks
  • Xero

Only in Payoneer

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

Both cover

  • Web support
  • Ios support
  • Android support

What people use each for

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

Paychex Flex

  • Running payroll and filing payroll taxes for small and mid sized US businessesnot Payoneer
  • Combining payroll with benefits administration and HR services from one vendornot Payoneer
  • Handling multi state payroll compliance and year end tax formsnot Payoneer

Payoneer

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

Where each one falls short

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

Paychex Flex

  • Paychex publishes no rate card for Paychex Flex: the payroll page names the Select, Pro and Enterprise packages but gives no per employee fee, no base monthly fee and no setup fee
  • Pricing is obtained only by requesting a quote or calling sales
  • Product capability is split across three packages, so features are tied to a tier whose price is not disclosed

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

Paychex Flex

$39/month
  • Essentials$39/month
    • Payroll Processing
    • Tax Services
    • Direct Deposit
  • Select$undefined/month
    • All Essentials features
    • HR Administration
    • Onboarding

Payoneer

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

Which should you pick?

Choose Paychex Flex if

  • You need payroll processing.
  • You work on Web, Ios, Android.
  • You also want tax administration.
Paychex Flex 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 Paychex Flex or Payoneer better?
Neither clearly leads. Paychex Flex starts at $39/month and Payoneer at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Paychex Flex or Payoneer?
Paychex Flex starts at $39/month and Payoneer at $29/month.
Does Paychex Flex or Payoneer run on more platforms?
Both run on Web, Ios, Android, so platform support will not decide this one for you.
What is Paychex Flex best used for?
Paychex Flex is most often used for running payroll and filing payroll taxes for small and mid sized us businesses, combining payroll with benefits administration and hr services from one vendor, handling multi state payroll compliance and year end tax forms. Of those, running payroll and filing payroll taxes for small and mid sized us businesses and combining payroll with benefits administration and hr services from one vendor are not what Payoneer is typically brought in for.
What can Paychex Flex do that Payoneer cannot?
Paychex Flex covers Payroll Processing, Tax Administration, HR Services, Benefits Administration. Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts. Both handle Web support, Ios support, Android support.
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