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  1. Stackups
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  4. Payment Services
  5. Adyen vs Payoneer

Adyen vs Payoneer

OverviewComparisonAlternatives

Overview

Adyen
Adyen
Stacks156
Followers272
Votes49
Payoneer
Payoneer
Stacks19
Followers42
Votes11

Adyen vs Payoneer: What are the differences?

Key Differences Between Adyen and Payoneer

  1. Services and Target Customers: Adyen primarily focuses on providing global payment solutions for businesses of all sizes, while Payoneer specializes in cross-border payment services for freelancers, online sellers, and digital service providers. Adyen offers a wide range of payment options including credit cards, bank transfers, and digital wallets, while Payoneer specializes in providing prepaid Mastercard and an online payment platform for international transactions.

  2. Payment Processing Model: Adyen operates on a single integrated platform, offering end-to-end payment processing services that cover the entire payment journey, from processing to acquiring. Payoneer, on the other hand, partners with local banks to facilitate payments, making it a more decentralized model that may introduce additional intermediaries in the process.

  3. Merchant Account Requirement: Adyen requires merchants to set up a merchant account to receive payments. This provides businesses with more control and customization options. Payoneer, on the other hand, does not require merchants to have a dedicated merchant account, simplifying the onboarding process for small businesses and individuals.

  4. Currency Conversion and Rates: Adyen offers dynamic currency conversion, allowing customers to pay in their local currency while merchants receive payments in their preferred currency. Payoneer offers competitive currency conversion rates but may charge additional fees for currency conversion.

  5. Integration and APIs: Adyen provides a robust set of APIs and developer tools, making it easier for businesses to integrate their payment systems with their existing infrastructure and software. Payoneer also offers integration options but may have more limited API capabilities.

  6. Customer Support and Languages: Adyen offers 24/7 customer support in multiple languages, ensuring that businesses can receive assistance at any time. Payoneer also provides customer support, but the availability and language options may vary depending on the region.

In summary, Adyen focuses on global payment solutions for businesses, operates on a single integrated platform, requires a merchant account, offers dynamic currency conversion, provides extensive integration options, and offers 24/7 customer support. Payoneer, on the other hand, specializes in cross-border payments for freelancers and online sellers, partners with local banks, does not require a dedicated merchant account, offers competitive currency conversion rates, provides integration options with potential API limitations, and varies in customer support availability.

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Detailed Comparison

Adyen
Adyen
Payoneer
Payoneer

A payments technology company that provides a single global platform to accept payments anywhere in the world. Businesses can process payments across online, mobile and in-store (POS) with over 250 payment methods and 187 currencies.

It is a financial services company that provides online money transfer and digital payment services and working capital solutions

Accept payments everywhere; Access expert advice and support from a dedicated team of payments specialists; Online and in-app payments; Payment terminals and in-store POS setups; Approve more transactions
API support; International payments; Over 200 countries; Over 150 currencies; Direct bank transfers; Prepaid Master Cards; Global and local e-wallets.
Statistics
Stacks
156
Stacks
19
Followers
272
Followers
42
Votes
49
Votes
11
Pros & Cons
Pros
  • 10
    Great customer support
  • 9
    Truly international solution
  • 8
    Great documentation
  • 6
    Well-designed API
  • 5
    Easy setup
Pros
  • 3
    Can use Credit Cards for payment
  • 2
    Very easy to use website
  • 2
    More options than Stripe
  • 2
    Approximately in every country
  • 1
    Support for Pakistan
Cons
  • 1
    If you use Credit Card, there’s a 3% fee
  • 1
    UI is a bit clunky
Integrations
Shopify
Shopify
Magento
Magento
Salesforce Commerce Cloud
Salesforce Commerce Cloud
Shopify
Shopify
Recurly
Recurly
Vue Storefront
Vue Storefront
Backand
Backand
Xero
Xero
Geckoboard
Geckoboard
Wufoo
Wufoo

What are some alternatives to Adyen, Payoneer?

Stripe

Stripe

Stripe makes it easy for developers to accept credit cards on the web.

PayPal

PayPal

PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.

Braintree

Braintree

Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.

Recurly

Recurly

Recurly is the leading pay-as-you-go recurring billing service because setup is easy, integrations are quick, and our service grows with the needs of your business.

TransferWise

TransferWise

It bypasses pricey international payments entirely by using two local transfers instead of one international transaction. If you want to convert your pounds to euros, you send the money in pounds to its UK-based account.

Amazon FPS

Amazon FPS

With Amazon Flexible Payments Service developers can accept payments on their website for selling goods or services, raise donations, execute recurring payments, and send payments. Amazon customers can pay using the same login credentials, shipping address and payment information they already have on file with Amazon. Amazon FPS supports the processing of payments using credit cards, bank accounts and Amazon Payments account balances to send or receive money.

Zuora

Zuora

Zuora gives you the enterprise-class, cloud-based tools you need to launch and scale any subscription service, quickly and affordably. Design your pricing and packaging, start taking quotes and placing orders, automate your billing and payments, and keep tabs on your financials.

Razorpay

Razorpay

Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and more.

WePay

WePay

WePay helps people sell tickets to events, send invoices, sell items online, and accept donations online. WePay also provides an API that allows developers to access its payments platform.

2checkout

2checkout

Accept payments online, anytime, anywhere. 2Checkout.com is an online payment processing service that helps you accept credit cards, PayPal, and debit cards.

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