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Software · head to head

Payoneer vs BlackLine

Payoneer logo

Payoneer

Software

One account. Infinite opportunities.

From
$29/month
Rated
-
Full reviewWebsite
BlackLine logo

BlackLine

Software

Finance & accounting automation

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Payoneer an annual account fee of $29.95 USD applies if the account receives less than $6,000 USD in any 12 consecutive months; BlackLine listed on UK G-Cloud 13 at £1,150 to £2,160 per user per year for the public sector, with no free trial offered, per BlackLine's Finance Operations Management Solution pricing document
  • They diverge on capability: Payoneer covers Receive payments, BlackLine covers Account reconciliation.

Where they differ

Only the attributes on which Payoneer and BlackLine actually diverge.

Attributes where Payoneer and BlackLine differ
AttributePayoneerBlackLine
Pricing modelusage-basedsubscription
PlatformsWeb, Ios, AndroidWeb
Founded20052001

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 Payoneer

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

Only in BlackLine

  • Account reconciliation
  • Journal entries
  • Task management
  • Variance analysis
  • Financial close
  • SAP
  • Oracle
  • NetSuite

Both cover

  • Web support

What people use each for

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

Payoneer

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

BlackLine

  • Financial closenot Payoneer
  • Reconciliationnot Payoneer
  • Continuous accountingnot Payoneer

Where each one falls short

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

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%

BlackLine

  • Listed on UK G-Cloud 13 at £1,150 to £2,160 per user per year for the public sector, with no free trial offered, per BlackLine's Finance Operations Management Solution pricing document

Pricing, plan by plan

Payoneer

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

BlackLine

$29/month
  • EnterpriseFree
    • Custom pricing
    • Account reconciliation
    • Task management

Which should you pick?

Choose Payoneer if

  • You need receive payments.
  • You work on Web, Ios, Android.
  • You also want multi-currency accounts.
Payoneer review

Choose BlackLine if

  • You need account reconciliation.
  • You also want journal entries.
BlackLine review

Questions people ask

Is Payoneer or BlackLine better?
Neither clearly leads. Payoneer starts at $29/month and BlackLine at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Payoneer or BlackLine?
Payoneer starts at $29/month and BlackLine at $29/month.
Does Payoneer or BlackLine run on more platforms?
Payoneer runs on Web, Ios, Android. BlackLine runs on Web.
What is Payoneer best used for?
Payoneer is most often used for receiving marketplace and platform payouts as a freelancer or seller, holding receiving accounts in several currencies, paying suppliers and withdrawing to a local bank account. Of those, receiving marketplace and platform payouts as a freelancer or seller and holding receiving accounts in several currencies are not what BlackLine is typically brought in for.
What can Payoneer do that BlackLine cannot?
Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts. BlackLine covers Account reconciliation, Journal entries, Task management, Variance analysis. Both handle Web support.
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