Source: https://rivet.global/blog/payoneer-vs-wise
Published: 2026-06-12 · Updated: 2026-11-04 · By Alexia M.

# Payoneer vs Wise for business: fees, withdrawals and fit

Payoneer vs Wise for companies: annual fee, receiving, conversion and withdrawal costs, from each provider's pricing page, with worked examples.

## Key takeaways

- Payoneer charges $29.95 a year only if an account receives less than $6,000 in 12 months; Wise Business charges a one-time $31.
- Payoneer charges 0.50% to move between its own currency balances and 1.2% to 4% when a withdrawal converts currency; Wise converts from 0.23%.
- Receiving into a matching-currency Payoneer account is free; a client paying by card costs up to 3.99% plus $0.49.
- Payoneer's advantage is its marketplace network; Wise's is conversion cost and local details in 22 currencies.

"Payoneer vs Wise" is one of the oldest comparisons in online payments, and "payoneer vs wise which is better" still shows up in Google's suggestions. Both move money across borders. They suit different flows. Payoneer figures come from its pricing page read on 1 November 2026; Wise's on 4 November 2026. Payoneer says its figures vary by country.

## Fees side by side

| | Payoneer | Wise Business (US) |
|---|---|---|
| Account fee | $29.95 a year if under $6,000 received in 12 months | $31 one-time |
| Receive into same-currency details | Free | Free for ACH; $6.11 per USD wire |
| Client pays by card | Up to 3.99% + $0.49 | Not the main use |
| Convert between balances | 0.50% | From 0.23% |
| Withdraw with conversion | 1.2% to 4% | Conversion fee applies |

## Example: a seller paid by a marketplace

A seller receives $10,000 from a marketplace into Payoneer's USD details. Receiving is free. Withdrawing to a local bank in another currency costs 1.2% to 4%, so $120 to $400. Moving the dollars to Wise first and converting there costs the transfer plus about $23 to $60 in conversion.

## Example: an agency paid by clients

A client wires $10,000. Into Wise USD details by ACH it is free; by wire $6.11. Converting at 0.23% to about 0.6% costs $23 to $60. Into Payoneer, then withdrawn with conversion, it costs $120 to $400.

## When to pick which

Payoneer: you sell on marketplaces that pay through it, or you need its payout network. Wise: clients pay you directly and you convert regularly.

## Paying into the United States: the local rail

| What | Detail |
|---|---|
| Local rail | ACH for batch payments; RTP and FedNow for instant transfers |
| Run by | Nacha for ACH; The Clearing House for RTP; the Federal Reserve for FedNow |
| Settlement | Same-day ACH within the business day, standard ACH the next; RTP and FedNow in seconds, 24/7, where both banks take part |

Source: [Nacha: Same Day ACH](https://www.nacha.org/rules/same-day-ach-moving-payments-faster). Checked when this guide was last updated; the scheme's own page has the current figures.

## Where Rivet fits

Rivet is a business account for registered companies that get paid by clients and platforms. USD details come free on Starter; EUR and GBP on Growth. There is no fee to receive by bank transfer, conversion runs from 0.80% on Starter to 0.30% on Scale, and payouts reach 120+ countries. Rivet is not a bank; regulated partner institutions hold the funds. See [Payoneer fees explained](/blog/payoneer-fees-explained) and [Payoneer vs Rivet](/blog/payoneer-vs-rivet).

## Questions

### Which is cheaper, Payoneer or Wise?

For converting money, Wise usually is. Payoneer's conversion between balances is 0.50% and withdrawals that convert cost 1.2% to 4%. Wise starts at 0.23%. If you rarely convert and get paid by marketplaces, Payoneer's costs can be low.

### What is the $29.95 Payoneer fee?

An annual account fee that applies only when the account receives less than 6,000 USD, or the equivalent, in 12 consecutive months.

### Can I use Payoneer and Wise together?

Yes. Many sellers receive marketplace payouts in Payoneer and move them to an account with cheaper conversion. Each transfer adds a fee, so check the total.

### Is Payoneer good for B2B invoices?

Payoneer supports invoicing, but card payments from clients cost up to 3.99% plus 0.49 USD. Bank transfers into local receiving details are cheaper.