I use them both on weekly basis, and i think both are good... Ofcourse, each of them have their advantages and desadvantages. Now, depends what businesses you are doing and for what you want to use this 2 processors...
I've been using Payoneer for only 2 weeks, their credit card arrived waaayyy before it was supposed to, but I got so pissed off when I realized they don't have a withdrawing options to local bank account for my account and country....Now this is real problem for me, because there is always a possibility that things could get more complicated if I withdraw money directly from the ATM since the currency is in dollars and not in my country's currency...I've sent dozens of mails to Payoneer support center and they shortly responded with "we apologize, we don't have this option available for your account yet" so its quite frustrating.... But Paxum fees are more expensive I would say, by the quick look at their website... Still, tho, kinda disappointing
I’ve just had 935 euros STOLEN from my account and Paxum intends to do absolutely NOTHING about this. The thief had accessed my account and without any security interference did he/she then transfer 935 euros to a changer4u.com account. Paxum will not reimburse me, so I can only say do not trust them with your money – no security measures whatsoever!
I know this is an old thread but my recent experience from the payment side of Paxum has been horrible. Paying people may be easy but getting your money is difficult. They will hard sell you on - Wire transfer $50 or buy there annual fee credit card for $49.95 and $2 per transfer They will not verify bank accounts anymore, no more direct transfer to bank accounts for new payees. This is unacceptable for any payment platform.
True about the Paxum wire fee, but at least there is no exchange fee. If you set Payoneer to transfer you the money, they will use horrible exchange rates. I hate that, you might end up losing more than $50. By the way, Paxum has readded EFT transfers recently. Source: http://paxumblog.com/2017/03/09/paxum-reinstates-eft-withdrawal-service-for-close-to-100-countries/
Payoneer has come a long way since they started a few years back. But, keep in mind that experience may vary from one user to another.
On our website (SEO microjobs) - Payoneer is the preferred withdrawal option for freelancers or online sellers who want to withdraw their online earnings instantly i.e within hours or within a 1 day. After you’ve loaded money into your Payoneer account, you’ll be able to withdraw your earnings via bank transfer or from your local ATM by using the Payoneer MasterCard. + receiving payments (USD,EUR,GBP,JPY) from other Payoneer customers is always free.