Pay the team, not the seats
Send local-currency payouts to contractors, vendors, and remote staff in 40+ currencies. No $19, $99, or $199 per-person monthly fee to make the payment.
Pay your global team. Save up to 90%.
Payoneer charges a seat fee to pay contractors, then 1.2% to 4% when the money leaves for a local bank. Bancoli pays the same people in 40+ local currencies at the mid-market rate.
USD in $40,000
paid locally 20 people
MXN $8,000
INR $8,000
BRL $6,000
PHP $4,000
PEN $4,000
IDR $4,000
EUR $4,000
GBP $2,000
Membership and FX on this run $186.50
Figures retrieved 31 August 2026. Payoneer is a trademark of Payoneer Inc. This page is an independent comparison, not affiliated with Payoneer.
Currencies with no Bancoli FX markup
- Stablecoins 0%
AED 0%
ARS 0%
AUD 0%- BRL 0%
BWP 0%
CAD 0%*
CLP 0%- EUR 0%
- GBP 0%
GHS 0%
HKD 0%- IDR 0%
- INR 0%
JPY 0%*
KRW 0%
MWK 0%- MXN 0%
MYR 0%
NGN 0%- PEN 0%
- PHP 0%
SGD 0%
THB 0%
UGX 0%
VND 0%
ZMW 0%
CAD and JPY at 0% apply to registered businesses. Check the pricing page for the full list.
Payoneer makes you pay twice to pay your people
First, Workforce Management bills a seat: $19 per contractor per month on Contractor Management, $99 on Agent of Record, $199 on Employer of Record. Then a withdrawal to the contractor’s own bank, with conversion, is listed at 1.2% to 4%. Moving money between Payoneer balances is another 0.50%.
Your contractors do not want a Payoneer wallet. They want pesos, rupees, or pounds in the account they already have. That last mile is where Payoneer keeps the spread.
Payoneer Workforce Management and Payoneer pricing pages, retrieved 26 August 2026. Fees last updated 1 January 2026.
$19 to $199
per person, every month, before a dollar moves
1.2% to 4%
when the payout reaches a local bank
0%
Bancoli FX markup on the same payout
Workforce payouts, without the platform tax
- local currencies
- 40+
- FX markup on listed majors
- 0%
- per-seat fees
- $0
Illustrative payment routes. Availability depends on recipient and location.
Zero FX on the corridors that matter
EUR, GBP, MXN, INR, PHP, BRL, and other listed currencies convert at the mid-market rate with 0% markup. Plus includes $8,500 of FX volume per month. Above that, 0.5%.
Get paid in USD, then pay out locally
Share named USD payment details. Get paid over ACH or RTP. Pay the same funds out as local payouts, stablecoins, or Bancoli-to-Bancoli. One payment service, both directions.
20 contractors, $40,000 a month
Bancoli Plus: $29/month, billed annually.
Figures retrieved 31 August 2026.
Up to $1,793.50 kept every month in this example
Payoneer
$860 to $1,980 a month
- Contractor Management seats: 20 x $19 = $380
- Bank withdrawal with conversion: 1.2% to 4% of $40,000 = $480 to $1,600
- Agent of Record at $99 a seat would be $1,980 in seats alone, before any FX
Payoneer pricing (1 January 2026) and the Payoneer Workforce Management page.
Bancoli Plus
$186.50 a month
- Bancoli Plus membership: $29 a month
- First $8,500 of FX: 0% markup
- Remaining $31,500 at 0.5%: $157.50
- No per-contractor seat fee
Example uses a currency listed at 0%. Corridors listed at 1% on bancoli.com/pricing are usually 3% to 4% on Payoneer, so the saving is larger on those payouts.
Compare your monthly payout costs.
Adjust your payout volume and team size to compare Contractor Management with Bancoli Plus.
Bancoli Plus: $29/month, billed annually.
You keep with Bancoli this month
$673.50to$1,793.50
Based on Payoneer's published fee range
Monthly cost in this example
Payoneer$860.00 to $1,980.00
Bancoli Plus$186.50
- Contractor Management seats
- $380.00
- Withdrawal with conversion
- $480.00 to $1,600.00
- Plus membership
- $29.00
- FX above the included $8,500
- $157.50
Estimate for a currency listed at 0% FX markup. Payoneer uses $19 per Contractor Management seat plus 1.2% to 4% for withdrawal with conversion, from its pricing retrieved 26 August 2026. Bancoli Plus assumes $29/month billed annually, including $8,500 of monthly FX; 0.5% applies above that. Receiving, wire and other fees are excluded. Contractor management services are not equivalent to a payment service. This is not a live quote.
Check current pricingWhat you keep, what they take
| Job | Payoneer | Bancoli |
|---|---|---|
| Pay a contractor in local currency | Payoneer CMS $19, AOR $99, EOR $199 per person per month, then a payout fee | Bancoli Local payout in 40+ currencies. No per-seat fee |
| FX when money leaves the platform | Payoneer 1.2% to 4% to a bank with conversion. 0.50% between Payoneer balances | Bancoli 0% markup on listed majors (Zero FX). 0.5% only above the monthly included volume |
| Get paid in USD | Payoneer 1% if the receiving account is not local currency. 1% on an ACH debit from a US payer | Bancoli Named USD details over ACH and RTP |
| Membership | Payoneer No monthly plan. You pay per contractor seat and per payout. $29.95 a year only if you receive under $6,000 in 12 months | Bancoli Plus $29 a month for $8,500 of included FX. No per-seat fee |
bancoli.com/pricing Bancoli fees from bancoli.com/pricing. Payoneer fees from Payoneer’s own website. Payoneer’s own disclaimer: actual fees can vary by corridor, account type, and region.
Straight answers
Stop renting seats to pay your people.
Open Bancoli, share USD details, and pay contractors in local currency at the mid-market rate.
Stablecoins held in a Bancoli wallet are digital assets, not bank deposits, and are not FDIC-insured. Services, fees and availability depend on your jurisdiction and applicable program terms. Banking and money-movement services are provided through regulated providers, including Bancoli’s affiliated chartered bank.