Top international payment gateway transaction fee comparison (2024)

There are lots of top international Payment gateway over the internet to get paid online. You must be confused which payment gateway to choose for receiving money from different market places and transfer to your own local bank account. Which payment gateway charge low fee for receiving money and low charge for transferring to local bank account. Bellow is the comparison in between Payoneer, Skrill and PayPal.

Payment gateway Name

Account & Card maintenance - charge

Transfer in between same wallet - charge

Transfer from wallet to local bank account - charge

Receive from market place to wallet - charge

1.      Payoneer

Annual account fee = 29.95 USD

(If you have received less than 2,000.00 USD (or equivalent) in payments per Year)

 

Annual card fee:

First card = 29.95 USD

 

Additional cards in any currency = Free

FREE

EUR, USD, GBP, and more

SWIFT (wire) bank transfers fee = 15 USD (If withdraw amount is less than 750.00 USD)

 

If Withdrawing minimum of 750.00 USD or higher, fee = 2.00% of transaction amount

 

For EUR, GBP, fee = 2.00% of transaction amount, for any amount you withdraw.

Free for payments of 100.00 EUR or higher

0.90 EUR for payments below 100.00 EUR

Full payment amount for payments below 0.90 EUR

 

Free for payments of 100.00 GBP or higher

0.70 GBP for payments below 100.00 GBP

Full payment amount for payments below 0.70 GBP

 

1.00% of payment amount

Minimum fee of 1.00 USD

Full payment amount for payments below 1.00 USD

 

Credit/debit card = 3.00% of transaction amount

ACH Bank Debit = 1.00% of transaction amount

 

1.      Skrill

1st card application = 10 EUR

Card annual fee = 10 EUR

 

Free for personal use as long as you log in or make a transaction at least every 6 months.

 

Otherwise a service fee of EUR 5.00 (or equivalent) will be deducted monthly from your account.

Skrill to Skrill Money Transfers = 2.99%

SWIFT (wire) bank transfers fee = 4.66 GBP, (5.50 EUR)

Free

(Currency conversion charge = 3.99%, If currency conversion required.)

2.      PayPal

Annual Account Fee = Free

Sending  Money for Goods and Services = 4.49% of transaction amount in USD

PayPal linked bank account = No Fee (If no currency conversion is required)

Receiving Money for Goods and Services = 4.49% of transaction amount in USD


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