Payoneer vs LoopPay

Struggling to choose between Payoneer and LoopPay? Both products offer unique advantages, making it a tough decision.

Payoneer is a Business & Commerce solution with tags like payments, money-transfer, freelancing, ecommerce.

It boasts features such as Global payment solutions, Virtual bank accounts, Prepaid debit cards, Online transfers, Invoicing and billing, Multi-currency support, Fraud protection, Mobile app and pros including Wide global reach, Flexible payment options, Secure transactions, Convenient mobile app, Competitive exchange rates.

On the other hand, LoopPay is a Business & Commerce product tagged with digital-wallet, mobile-payments, credit-cards, debit-cards, looppay.

Its standout features include Stores credit/debit card information securely, Allows contactless payments at most merchants, Works with existing magnetic stripe readers, Supports loyalty and gift cards, Can be used on smartphones or LoopPay Card, and it shines with pros like Wide acceptance at merchants, More secure than physical cards, Convenient payments with phone, Saves time checking out.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

Payoneer

Payoneer

Payoneer is an online payment platform that allows freelancers, online sellers, and other professionals to receive payments from around the world. It provides digital payment solutions including virtual bank accounts, prepaid debit cards, online transfers, and more.

Categories:
payments money-transfer freelancing ecommerce

Payoneer Features

  1. Global payment solutions
  2. Virtual bank accounts
  3. Prepaid debit cards
  4. Online transfers
  5. Invoicing and billing
  6. Multi-currency support
  7. Fraud protection
  8. Mobile app

Pricing

  • Freemium
  • Pay-As-You-Go

Pros

Wide global reach

Flexible payment options

Secure transactions

Convenient mobile app

Competitive exchange rates

Cons

Fees for some transactions

Limited customer support options

Potential delays in fund transfers

Limited integration with other platforms


LoopPay

LoopPay

LoopPay is a digital wallet app that allows users to store credit/debit cards and pay in stores using their mobile phone. It works with magnetic card readers by mimicking a card swipe.

Categories:
digital-wallet mobile-payments credit-cards debit-cards looppay

LoopPay Features

  1. Stores credit/debit card information securely
  2. Allows contactless payments at most merchants
  3. Works with existing magnetic stripe readers
  4. Supports loyalty and gift cards
  5. Can be used on smartphones or LoopPay Card

Pricing

  • Free
  • One-time Purchase

Pros

Wide acceptance at merchants

More secure than physical cards

Convenient payments with phone

Saves time checking out

Cons

Requires separate device/card

Not widely known by consumers yet

Merchant must accept magnetic stripe payments

Limited digital receipt/tracking features