Payoneer vs. PayPal India refers to the way your company chooses to pay its remote workers and international employees who work in India. There are other virtual payment companies who operate in India as well, but Payoneer and PayPal are the best known and serve as a frame for a discussion that could also include firms such as TransferWise and Bitwage.

Which Online Payment Service Should Your Company Use?

When it comes to Payoneer vs. PayPal India, each service has its strengths and weaknesses. As a result, the best choice between them depends on your company’s situation. Fortunately, the decision becomes much easier once you take certain key factors into consideration. With a little research, you can save time, money, and unnecessary frustrations.

There are many different ways you can pay your remote workers, but not every online payment service is created equal. At the same time, however, there’s no single best way to go about getting your international employees their money.

In this post, you’ll find the information you need to make this critical decision. By presenting a side by side comparison of these competing online payment services, it will help you match your company’s needs with the services and fees each company has to offer.



PayPal has been around in its current form since 2002 and is probably the most well-known virtual payment platforms in the entire world. Since its inception, PayPal has branched out into a variety of other services, but their global brand presence has developed because of its reliable money transfers.

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PayPal can be used with or without an account. Signing up for an account is free, and PayPal is much easier to use, consistently, if you have an account.


PayPal Strengths and Weaknesses.

Generally speaking, PayPal is considered a reliable option for transferring money online. Their strong reputation is primarily due to its longevity, and it’s widely recognized brand. PayPal also lets customers use a wide range of currencies and is available in most parts of the world.

PayPal’s biggest drawback is the substantial fees that they charge. As you’ll see toward the end of this post, there’s simply no comparison between Payoneer and PayPal fees. The other drawback PayPal has is their tendency to block accounts without giving consumers any advanced warning. Obviously, this can be catastrophic if your company is transferring huge amounts.


Payoneer has been in operation since 2005, just three years less than PayPal. Payoneer has the added clout of being associated with a number of powerhouse companies.  These include Airbnb, Fiverr, iStock, and an obscure operation called Google.

There are several advantages to using Payoneer for international money transfers. First and foremost is the low fee that they charge– a flat rate of $3 USD for each transfer, though this comes with a caveat you’ll read about below. Lastly, Payoneer serves more than 200 different countries and allows conversions for some 150 international currencies.

There are disadvantages to using Payoneer as well. The first disadvantage concerns Payoneer and PayPal fees. Despite their $3 flat fee, you usually end up paying higher rates with Payoneer than you do with PayPal. Additionally, contingent on what kind of business account you have, Payoneer’s exchange rates are higher too. Lastly, Payoneer requires your company to payout at least $20,000 a month.

Payoneer vs. PayPal India: Which Should You Choose?

There are several different factors to consider when deciding which virtual payment system to use. Here’s a summary of how the firms stack up against one another, including mention of Payoneer and PayPal fees.

  • PayPal is the better choice for small businesses, while its lesser-known competitor is best suited for larger companies.
  • PayPal integrates seamlessly with high-quality payroll software for effortless payment.
  • Because Payoneer charges a flat rate, the proportionate fees you pay go down as your account volume increases.
  • With PayPal, it usually takes recipients longer to receive their funds.
  • When using PayPal, the sender gets to decide who pays the transaction fee.
  • The range of different accounts PayPal offers is relatively narrow.

Like with most online services, the best choice in the Payoneer vs. PayPal India debate depends on your company’s situation. If you’re certain to transfer over $20,000 month in and month out, Payoneer is clearly the better choice. However, PayPal is probably the way to go if you’re paying a small team. The total amount you transfer isn’t the only factor to consider, but it might be the most important.

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