Bancoli vs Payoneer. Make global payouts clearer.

Payoneer offers payments and separate contractor-management services. Bancoli connects USD receiving with local payouts in 40+ currencies. Compare payment fees for the same amount, and include management services only when you need them.

See the math
USD in $40,000
paid locally 20 people
  • Flag: MXN currency MXN $8,000
  • Flag: INR currency INR $8,000
  • Flag: BRL currency BRL $6,000
  • Flag: PHP currency PHP $4,000
  • Flag: PEN currency PEN $4,000
  • Flag: IDR currency IDR $4,000
  • Flag: EUR currency EUR $4,000
  • Flag: GBP currency GBP $2,000
Membership and FX on this run $186.50
Illustrative example, not live account data. Amounts shown in USD.

Figures as of November 2026. Competitor fees rechecked on 8 November 2026 on Wise’s and Payoneer’s own websites.

Which is better for my business, Bancoli or Payoneer?

Payoneer can suit businesses that need its payment network or optional contractor-management services. Bancoli can suit businesses receiving USD and making local supplier payouts. Compare payment charges for the same volume first, then add management subscriptions separately if you need them. Those subscriptions include services beyond payments.

What you keep, what they take

Bancoli vs Payoneer on workforce payouts and FX
Job Payoneer Bancoli
Pay a contractor in local currency Payoneer Withdrawal with conversion has its own fee. Contractor Management, Agent of Record and Employer of Record are optional management services with separate subscriptions Bancoli Local payouts in 40+ currencies, without a per-recipient subscription
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 Payment fees and Workforce Management subscriptions are separate charges. A $29.95 annual account fee may apply when receiving 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.

International payments, from one account

local currencies
40+
FX markup on listed majors
0%
per-recipient subscription
$0

Illustrative payment routes. Availability depends on recipient and location.

Pay your team and suppliers

Send local payouts to contractors, vendors and remote staff in 40+ currencies. Bancoli does not charge a subscription for each recipient to make a payment; workforce management is a separate service.

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.

Compare your monthly payout costs.

Adjust your payout volume. Add Contractor Management only if you need that additional service.

$40,000

Bancoli Plus: $29/month, billed annually.

Difference in monthly cost

$293.50to$1,413.50

Positive values favor Bancoli; negative values favor Payoneer.

Monthly cost in this example

Payoneer$480.00 to $1,600.00
Bancoli Plus$186.50
Withdrawal with conversion
$480.00 to $1,600.00
Plus membership
$29.00
FX above the included $8,500
$157.50

Estimate for payouts in a currency listed at 0% FX. Payoneer: 1.2% to 4% for withdrawal with conversion. Contractor Management is optional: add $19 per person per month only when selected. Bancoli Plus: $29/month billed annually, $8,500 of monthly FX included, then 0.5% on additional volume. Receiving, wire and other fees are excluded. Payoneer fees vary by route, account type and region. Contractor management is an additional service, not an equivalent payment service. Figures rechecked 8 November 2026; this is not a live quote.

Check current pricing

Straight answers

More about the products and eligibility

Separate payment costs from management services

Optional Workforce Management services start at $19 per contractor per month for Contractor Management, $99 on Agent of Record, $199 for Employer of Record. Separately, bank withdrawal with conversion is listed at 1.2% to 4%. Moving money between Payoneer balances has a fee of 0.50%.

Not every payout requires a contractor-management service. Compare payment fees first. If you need Workforce Management, add that subscription separately; it includes services beyond moving money.

Payoneer Workforce Management and Payoneer pricing pages, as of November 2026 (rechecked 8 November 2026). Fees last updated 1 January 2026.

  • $19 to $199

    per person/month for optional management services

  • 1.2% to 4%

    for bank withdrawal with conversion

  • 0%

    Bancoli FX markup within the plan allowance

Currencies with no Bancoli FX markup

  • Stablecoins 0%
  • Flag: AED currency AED 0%
  • Flag: ARS currency ARS 0%
  • Flag: AUD currency AUD 0%
  • Flag: BRL currency BRL 0%
  • Flag: BWP currency BWP 0%
  • Flag: CAD currency CAD 0%*
  • Flag: CLP currency CLP 0%
  • Flag: EUR currency EUR 0%
  • Flag: GBP currency GBP 0%
  • Flag: GHS currency GHS 0%
  • Flag: HKD currency HKD 0%
  • Flag: IDR currency IDR 0%
  • Flag: INR currency INR 0%
  • Flag: JPY currency JPY 0%*
  • Flag: KRW currency KRW 0%
  • Flag: MWK currency MWK 0%
  • Flag: MXN currency MXN 0%
  • Flag: MYR currency MYR 0%
  • Flag: NGN currency NGN 0%
  • Flag: PEN currency PEN 0%
  • Flag: PHP currency PHP 0%
  • Flag: SGD currency SGD 0%
  • Flag: THB currency THB 0%
  • Flag: UGX currency UGX 0%
  • Flag: VND currency VND 0%
  • Flag: ZMW currency ZMW 0%

CAD and JPY at 0% apply to registered businesses. Check the pricing page for the full list.

$40,000 a month in local payouts

Bancoli Plus: $29/month, billed annually.
Figures as of November 2026.

$293.50 to $1,413.50 monthly difference in this payment example

Payoneer

$480 to $1,600 a month

  • Payment-only example: workforce management services are not included
  • Bank withdrawal with conversion: 1.2% to 4% of $40,000 = $480 to $1,600
  • Optional Contractor Management: $19 per person per month, separately

Payoneer pricing and Workforce Management, rechecked 8 November 2026. Fees vary by route, account type and region.

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

The example assumes a currency on the 0% list and the Plus monthly allowance. Receiving, wire and other charges are excluded. Compare payment costs separately from optional contractor-management services.