Payoneer Alternatives in the UK (2025)

Payoneer offers UK businesses ways to pay and get paid in foreign currencies alongside GBP, with card services, working capital solutions and other handy features. However, it’s not the only provider out there, so comparing a few Payoneer alternatives before you sign up makes sense.

This guide looks at some different Payoneer competitors you may consider, depending on the types of transactions you need to make. We’ll touch on alternatives to Payoneer like Wise Business for great multi-currency support, and providers like Stripe and PayPal if what you need most is a way to accept card payments on and offline. Let’s dive in.

💡 Learn more about Wise Business

Payoneer UK - features overview

UK businesses can open a Payoneer account with no ongoing fee as long as they’re using the account frequently to receive payments from customers. You can take credit card or bank payments, send money to others, hold and convert major currencies and use a Payoneer card for business spending. Payoneer offers local account details in major global currencies if you’re receiving payments from others, and you can also transact in 70+ currencies.

Here’s a summary of the main features and services Payoneer offers for businesses in the UK.

• No ongoing fee if you transact regularly
• Local receiving accounts in major currencies, to get paid by customers and marketplace sites
• Take credit card and bank transfer payments from customers
• Pay contractors, vendors and suppliers either to Payoneer accounts or direct to their bank accounts
• Currency conversion services
• Issue payoneer debit cards and expense cards
• Withdraw your balance easily
• Get exclusive partner offers
• Access working capital, credit and loans

Payoneer alternatives - overview of providers

If you’re thinking of using a Payoneer alternative, you’ll have a few choices to make. Which provider is right for you will depend on how you transact, and the features and services you need. To make sure we’ve covered all sorts of different business needs, we’ll cover a broad list of other providers in this guide.

Here are the options we'll review as an alternative to Payoneer, for UK businesses:

• Wise Business
• Airwallex
• Revolut Business
• Paypal
• Stripe

Let's begin with an overview on some important features - there’s more detail on each coming right up.

Bank/ Provider	Trustpilot score	Monthly fee	Best known for
Wise Business	4.3 stars, Excellent rating from 250,000+ reviews1	No monthly fee	40+ supported currencies, mid-market exchange rates
Airwallex	3.6 stars, Average rating from 1,600+ reviews2	£0 - £9996	20+ supported currencies, accept customer card payments
Revolut Business	4.4 stars, Excellent rating from 190,000+ reviews3	£10 - £90 GBP7	25+ supported currencies, different account tiers and allowances
Paypal	1.3 stars, Bad rating from 33,000+ reviews4	No monthly fee8	On and offline payments, ecommerce integrations, working capital options
Stripe	2.1 stars, Poor rating from 15,000+ reviews5	No monthly fee9	On and offline payments, tax support, fraud and risk management tools

*Information correct at time of research - 31st March 2025

Alternatives to Payoneer: criteria

The comparison criteria we'll cover for all Payoneer alternative providers we will use through the article include:

• Features and services
• Fees/ Cost
• Integrations
• Customer support

There are many different alternatives to Payoneer out there, so we've picked a few which might suit your business, depending on the way you need to transact.

Wise Business

Wise Business could be a great Payoneer alternative if you value being able to receive, hold, send, spend and exchange a broad range of currencies with low fees and great rates.

With a Wise Business account you can hold and exchange currencies, and order a Wise Business expense and debit card for spending in countries. You can receive payments conveniently in currencies, to get paid by PSPs, marketplaces and directly by customers.

Key features and services offered:

• No ongoing fees to pay, no minimum balance
• Hold and exchange currencies
• Send money to countries, with low, transparent fees and the mid-market rate
• Order Wise Business expense and debit cards for yourself and your team
• Receive payments conveniently in currencies
• Batch payments, multi-user access, API and other business friendly perks

Ongoing fees: No ongoing fees - just a one time fee of

Transaction fees: Low transparent fees based on the services you use

Other costs: Currency conversion fees from 0.33%, low fees to receive USD wires and CAD SWIFT payments

Trustpilot score: 4.3 stars, Excellent rating from 250,000+ reviews posted

Customer support: Get help in app, online and by phone

Integrations: Xero, QuickBooks and other popular cloud accounting solutions

Get started with Wise Business 🚀

Airwallex

Airwallex is a popular provider for businesses in the UK taking customer card payments, as well as businesses selling online and through marketplace sites. You can receive payments in 20+ currencies which allows you to connect with customers overseas. Airwallex accounts also offer easy ways to send local and overseas transfers, and to issue expense and debit cards for spending at home and abroad.

Key features and services offered:

• Selection of different account tiers depending on your business size and needs
• Local accounts to hold and exchange 20+ currencies - options depend on account tier you select
• Take customer card payments, and take payments through local payment methods
• Send local transfers to 120+ countries and SWIFT transfers to 150+ countries
• Currency conversion uses the interbank rate with a low fee of 0.5% or 1% added
• Some account tigers offer expense management and integration options

Read our complete Airwallx review

Ongoing fees: 0 GBP - 999 GBP

Transaction fees: 1.30% + 0.20 GBP for local UK card payments, up to 3.15% + 0.20 GBP for international card payments

Other costs: 10 - 20 GBP for SWIFT transfers, some additional costs may apply for employee cards

Read our complete review on Airwallex fees

Trustpilot score: 3.6 stars, Great rating from 1,600+ reviews posted

Customer support: Get help in app, online and by phone

Integrations: Xero and Netsuite

Revolut Business

Revolut Business offers 3 different plans in the UK, plus the option to custom make a plan just for your business. The account fees you pay vary based on needs, but you’ll be able to start off with a Standard plan which has no monthly fee if you want to test out the service - you can then upgrade to an account with more features and ongoing fees if you want to.

All Revolut Business accounts have some perks, including 25+ supported currencies, cards for spending, simple ways to accept customer payments and send money to others, and some currency exchange which uses the Revolut rate with no additional fee.

Key features and services offered:

• Choose from different plans based on business needs
• Physical, metal or virtual payment card options for spending and withdrawals
• Multi-currency features to manage 25+ currencies
• Some no fee currency exchange on weekdays, to plan limits
• Ways to make local and international payments
• Options to be paid by bank transfer or card - fees may apply
• Multi-user access, payroll and expense management add on features
• Higher tier accounts get bulk payment solutions and interest on savings
• Business analytic tools

Read our complete Revolut Business review

Ongoing fees: 10 GBP - 90 GBP

Transaction fees: Transaction fees may vary depending on your account plan

Other costs: 2% ATM withdrawal fee, 0.6% fair usage fee and 1% out of hours fee for currency conversion

Trustpilot score: 4.4 stars, Excellent rating from 190,000+ reviews posted

Customer support: Get help in app, online and by phone

Integrations: Accounting, HR and business app integrations offered

Paypal

Paypal is a huge global provider of payment services, which offers merchant accounts for UK business customers. Paypal lets you take on and offline payments, and has a very good range of accepted payment methods. As it is a well known and trusted brand name, it may increase customer conversion if you offer PayPal as a payment method at the checkout of your ecommerce store. Customers can also get extras like working capital and a debit card for spending.

Key features and services offered:

• Accept payments using a broad variety of methods including cards, QR codes, and in person
• Get paid in a range of supported currencies and hold the funds in your PayPal Business account
• Send money to other PayPal customers in a selection of currencies, including batch payments
• Get PayPal credit (Pay in 3) and a debit card if you want one
• Manage risk with fraud prevention tools and PayPal seller protections
• Access funds with PayPal working capital

Ongoing fees: No monthly fee

Transaction fees: Receive local card payments from 1.2% + fixed fee, EEA cards incur an extra 1.29% while other international fees apply on all other cards, running to an additional 1.99%

Other costs: Costs depend on how you transact

Read our complete review on Paypal fees in the UK

Trustpilot score: 1.3 stars, Bad rating from 32,000+ reviews posted

Customer support: Get help in app, online and by phone

Integrations: Integrated with all major ecommerce platforms, and many other providers helpful to business customers

Stripe

Stripe in the UK has a very broad range of services focused around taking customer payments. As add on services, you can also use Stripe for things like fraud prevention and risk management, user identification and tax compliance. This means that Stripe’s offer can be helpful for small businesses looking to take occasional payments from customers, right through to major organisations at enterprise level which need very complex tailor made solutions.

Key features and services offered:

• No ongoing fees, with low and no code solutions you can add as you need
• 135+ supported local and global payment methods
• Take in person payments with physical card terminals
• Generate payment links to request money from customers
• Invoicing and recurring billing solutions
• Support with tax, user identification, business management and more

Read our complete Stripe review

Ongoing fees: No monthly fee

Transaction fees: 1.5% + 0.20 GBP for UK cards, 2.5% + 0.20 GBP for EU cards, 3.25% + 0.20 GBP for other international cards

Other costs: 2% currency conversion fee - other fees vary widely depending on the service you need

Check out our review for Stripe’s fees and charges

Trustpilot score: 2.1 stars, Poor rating from 15,000+ reviews posted

Customer support: Get help in app, online and by phone

Integrations: API solutions for developers, and no code alternatives for out of the box solutions

FAQs - Payoneer alternatives

How trustworthy is Payoneer?

Payoneer is a legit and trusted company used by millions of customers worldwide. Payoneer gets a 3.8 Great rating on Trustpilot¹⁰ which aggregates live customer reviews. Payoneer is licensed in the UK, and many other countries, and safe to use with normal precautions.

Is Payoneer regulated in the UK?

Yes. Payoneer is licensed by the FCA in the UK as an e-money institution, and also holds licenses in other countries and regions in which it offers services¹¹.

Does Payoneer charge a monthly fee?

Payoneer does not charge a monthly fee, but you'll pay a 29.95 USD annual charge if you don't receive the equivalent of 2,000 USD to your Payoneer account within a year.

Is Wise better than Payoneer?

Wise and Payoneer are both great services for UK businesses. Which suits you will come down to your specific needs. Wise has a broader range of supported currencies for holding and exchange, and can offer very low cost flexible transactions. However, Wise does not offer services to take customer card payments, which Payoneer does. Compare both to see which suits your needs best.

Alternative to Payoneer: Wise Business account

If you are looking for an alternative to Payoneer Wise Business account is the perfect option. It’s quick and easy to open online, and gives you a powerful platform for sending, receiving and managing your business finances in over 40+ currencies.

You can easily pay suppliers and employees all over the world, for low fees and the mid-market exchange rate. And best of all, you can get paid for your products or services quickly and easily, accepting payments in 8+ major currencies.

You can also link your Wise Business account with your favourite accounting tools, such as Xero or Quickbooks. This makes keeping track of your company’s finances a breeze.

Get started with Wise Business 🚀

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Payoneer has some very strong features in the UK which appeal to many types of businesses - but it’s not the only choice. Compare Payoneer against alternatives like Wise Business to decide which suits your unique business needs best.

Sources used in this article:

1. Trustpilot - Wise
2. Trustpilot - Airwallex
3. Trustpilot - Revolut
4. Trustpilot - Paypal
5. Trustpilot - Stripe
6. Airwallex UK pricing
7. Revolut Business pricing
8. Paypal merchant pricing
9. Stripe pricing
10. Trustpilot - Payoneer
11. Payoneer licenses

Sources last checked March 31, 2025