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Software · head to head

Payoneer vs FreeAgent

Payoneer logo

Payoneer

Software

One account. Infinite opportunities.

From
$29/month
Rated
-
Full reviewWebsite
F

FreeAgent

Software

Accounting software for small businesses and freelancers

From
On request
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; FreeAgent priced in GBP from around £10 to £13.75 per month, and the software is built around UK tax rules (VAT, Self Assessment) rather than other jurisdictions

Where they differ

Only the attributes on which Payoneer and FreeAgent actually diverge.

Attributes where Payoneer and FreeAgent differ
AttributePayoneerFreeAgent
Starting price$29/monthOn request
Pricing modelusage-basedsubscription
PlatformsWeb, Ios, AndroidWeb
Founded2005Unknown

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 Payoneer

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

Only in FreeAgent

Nothing recorded that Payoneer does not also cover.

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 FreeAgent
  • Holding receiving accounts in several currenciesnot FreeAgent
  • Paying suppliers and withdrawing to a local bank accountnot FreeAgent

FreeAgent

No use cases recorded yet. See the FreeAgent review.

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%

FreeAgent

  • Priced in GBP from around £10 to £13.75 per month, and the software is built around UK tax rules (VAT, Self Assessment) rather than other jurisdictions

Pricing, plan by plan

Payoneer

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

FreeAgent

On request

No published plan breakdown. See the FreeAgent review.

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 FreeAgent if

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

FreeAgent review

Questions people ask

Is Payoneer or FreeAgent better?
Neither clearly leads. Payoneer starts at $29/month and FreeAgent at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Payoneer or FreeAgent?
Payoneer starts at $29/month and FreeAgent at On request.
Does Payoneer or FreeAgent run on more platforms?
Payoneer runs on Web, Ios, Android. FreeAgent 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 FreeAgent is typically brought in for.
What can Payoneer do that FreeAgent cannot?
Payoneer covers Receive payments, Multi-currency accounts, Working capital, Mass payouts.
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