Sigma vs Payoneer: Payoneer Takes a Cut. Sigma Doesn't.
Flat fees, faster payouts, and no hidden FX costs eating into every transaction.
Side-by-Side on What Really Matters
Compare real costs, speed, and experience between Payoneer and Sigma.
No flat pricing. Hidden FX and withdrawal fees can quickly add up.
$18/month per active contractor - reduced rates for teams of 20+
3-3.5% FX markup + extra fees - contractors lose ~$35 per $1,000 sent
0% FX with USD wallets; ~1% FX only if converting to local currency
Additional 2-3% deducted on receipt
$0 with USD wallet (no forced conversions)
3-5 business days, delays are common
1-2 business days, optimized infrastructure
Clunky UI, limited payout flexibility
Clean dashboard, USD wallet control
Manual forms and long wait times
<15 min mobile onboarding
Often no response. Up to 3% accounts shut down
Real human support - no ticket blackholes
Pain Points with Payoneer
What frustrates fast-moving teams and global contractors when using Payoneer:
High FX Markups: Up to 3.5% above the mid-market rate - costing your business ~$35 for every $1,000 sent.
Hidden Transaction Fees: $3.15 per ATM withdrawal, 1-2% withdrawal fees, plus a $29.95 annual inactivity fee for unused accounts.
Slow Payouts: Bank transfers can take 2-5 business days, delaying contractor cash flow.
Account Freezes & Compliance Delays: Unexpected account holds and lengthy automated reviews can disrupt scheduled payroll.
Clunky User Experience: A confusing dashboard and slow fund access - especially on mobile - make payout management harder for finance teams.
Why Sigma Wins
Key advantages that make Sigma the smarter choice for global payroll.
Flat Fees, No Surprises: $18/month per active contractor - reduced rates for teams of 20+. 0% FX on USD wallet payments; ~1% FX when currency conversion is required.
Keep More of Every Payment: With USD wallets, contractors keep 100% of what you send - no forced FX or hidden fees.
Get Paid Fast: Payouts arrive in 1-2 days, or instantly via stablecoins like USDC.
Flexible Payout Options: Pay to USD wallets, local banks, crypto, or global Visa cards.
Built for Emerging Markets: Optimized onboarding and payout rails for LATAM, Africa, and Asia.
Real Human Support: Mobile-first support, no tickets or shutdown surprises.
FAQ
See Common Question and Answer
Everything you need to know before switching to Sigma.
We get you to every country
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160+ countries
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