Software Alternatives, Accelerators & Startups

Amazon API Gateway VS Payoneer

Compare Amazon API Gateway VS Payoneer and see what are their differences

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Amazon API Gateway logo Amazon API Gateway

Create, publish, maintain, monitor, and secure APIs at any scale

Payoneer logo Payoneer

Whether making international payments, receiving funds, managing your digital business, or accessing capital, Payoneer opens your business up to the world.
  • Amazon API Gateway Landing page
    Landing page //
    2023-03-12
  • Payoneer Landing page
    Landing page //
    2023-10-22

Amazon API Gateway features and specs

  • Scalability
    API Gateway automatically scales to handle the number of requests your API receives, ensuring high availability and reliability.
  • Ease of Integration
    Seamlessly integrates with other AWS services like Lambda, DynamoDB, and IAM, enabling a cohesive environment for developing serverless applications.
  • Built-in Security
    Provides features such as IAM roles, API keys, and AWS WAF integration for safeguarding your APIs from potential threats.
  • Monitoring and Logging
    Supports CloudWatch integration for monitoring API requests and responses, helping you maintain observability and troubleshoot issues effectively.
  • Cost-Effective
    You only pay for the requests made to your APIs and the amount of data transferred out, making it a cost-effective solution for many use cases.
  • Caching
    Built-in caching at the API Gateway level can improve performance and reduce latency for frequently accessed data.

Possible disadvantages of Amazon API Gateway

  • Complexity in Configuration
    Setting up and managing API Gateway can be complex, especially for users who are not familiar with AWS services and cloud infrastructure.
  • Cold Start Latency
    When integrated with AWS Lambda, cold starts can introduce latency which can affect the performance of your API.
  • Cost for High Throughput
    While cost-effective for low to moderate usage, the costs can escalate with high throughput and large data transfers.
  • Debugging Issues
    Diagnosis can be complicated due to the multi-tenant nature of the service and the need to dive into multiple AWS logs and services.
  • Limited Customization
    There might be constraints regarding customizations and fine-tuning your APIs compared to self-hosting solutions.
  • Vendor Lock-in
    Dependence on AWS infrastructure can lead to vendor lock-in, making it challenging to migrate to other cloud providers or solutions.

Payoneer features and specs

  • Global Reach
    Payoneer is available in over 200 countries and supports more than 150 different currencies.
  • Multiple Payment Options
    It offers various ways to receive and withdraw funds including bank transfers, prepaid MasterCard, and direct payments.
  • Low Fees for International Transactions
    Compared to traditional banking methods, Payoneer offers relatively low fees for cross-border payments.
  • Integration with Major Marketplaces
    Payoneer partners with major e-commerce platforms like Amazon, Fiverr, and Upwork, making it easier for freelancers and sellers to get paid.
  • User-Friendly Interface
    The platform is generally easy to use with a straightforward interface for setting up accounts and receiving payments.
  • Security
    Payoneer employs advanced security measures, including two-step verification and fraud protection, to safeguard user accounts.

Possible disadvantages of Payoneer

  • Account Maintenance Fees
    There are annual account maintenance fees and specific charges for inactivity that can be a drawback for infrequent users.
  • Exchange Rates
    Payoneer may apply a margin to the exchange rates, which could be less favorable compared to mid-market rates.
  • Customer Support
    Some users have reported that customer support can be slow or unresponsive in resolving issues.
  • High ATM Withdrawal Fees
    Fees for ATM withdrawals using the Payoneer prepaid MasterCard can be relatively high.
  • Complex Verification Process
    The initial account setup and verification process can be somewhat complicated and lengthy, requiring multiple documents.
  • Limited Fiat Deposit Options
    It lacks support for depositing funds directly via credit cards or other common fiat payment methods, focusing mainly on bank transfers.

Amazon API Gateway videos

Building APIs with Amazon API Gateway

More videos:

  • Review - Create API using AWS API Gateway service - Amazon API Gateway p1

Payoneer videos

Using Payoneer to receive Amazon payments?? - ASK JUNGLE SCOUT EP #13

More videos:

  • Review - Can You Use Payoneer To Receive Payments For Your E-Commerce Business? | #39
  • Review - Payoneer 2019 Highlights: A Year in Review

Category Popularity

0-100% (relative to Amazon API Gateway and Payoneer)
API Tools
100 100%
0% 0
Online Payments
0 0%
100% 100
APIs
100 100%
0% 0
Payment Platform
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Amazon API Gateway and Payoneer

Amazon API Gateway Reviews

We have no reviews of Amazon API Gateway yet.
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Payoneer Reviews

6 Cheaper Payoneer Alternatives for Your Online Transcations
While Payoneer has been a popular choice for money transfers, there are several alternatives available that offer more cost-effective solutions. Parallax, with its low exchange rates and fast processing, stands out as a promising option. You even have the option to convert your money to crypto in a snap.
Top 5 Payoneer Alternatives [2024]
This business-focus may not make them suitable to individual customers. Alternative international money transfer providers like Wise, OFX and Western Union. These providers offer convenient, fast transfers at low fees to almost anywhere in the world. If you are not a business or freelancer and don’t need the business tools and services that Payoneer offers, you may want to...
Source: www.exiap.com
Top 5 Payoneer Alternatives for Seamless Online Transactions
PayPal excels in user familiarity and widespread acceptance, making it convenient for both businesses and customers. It offers buyer and seller protection, but comes with potentially higher fees and account limitations compared to Payoneer. Choose PayPal for convenience and buyer trust, Payoneer for potentially lower fees and specialized features.
Source: www.doola.com
What to Use Instead of PayPal? 10 Best PayPal Alternatives
Even with the free Payoneer account, the system requires a $1.50 fee for any local bank transfer or ACH. One nice feature of Payoneer that not every other option offers is the Billing Service. This lets you set repeat payments. It comes with an additional fee of 1% or 3% for debit or credit card payments, respectively. You can also use Payoneer and its currency conversion...
8 Best Wise Alternatives – Which Wise Competitors Should You Try?
Payoneer was launched in 2005 as a financial services organization. The company is a MasterCard Service Provider for many countries across the globe. Payoneer is a great site like Wise, which can be used for online money transfers and digital payments and gives access to working capital to a wide variety of international businesses.

Social recommendations and mentions

Based on our record, Amazon API Gateway seems to be more popular. It has been mentiond 107 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Amazon API Gateway mentions (107)

  • 10 Lightweight API Gateways for Your Next Project
    AWS API Gateway is Amazon’s managed gateway service, designed to work seamlessly within the AWS ecosystem. It supports both REST and WebSocket APIs, with HTTP APIs being the lightweight, lower-cost option for simple proxying and routing use cases. - Source: dev.to / 17 days ago
  • 4 Cognito User Pools features you might not know about
    This opens up a world of customization options for controlling app access. For example, we can embed custom data in the ID token for the front-end client to use, enabling guards to restrict content. Alternatively, we can add custom scopes to the access token and implement fine-grained access control in an API Gateway API. All it takes is some Lambda function code, and Cognito triggers it at the right time. - Source: dev.to / about 1 month ago
  • Verifying Cognito access tokens - Comparing three JWT packages for Lambda authorizers
    When the built-in Amazon API Gateway authorization methods don’t fully meet our needs, we can set up Lambda authorizers to manage the access control process. Even when using Cognito user pools and Cognito access tokens, there may still be a need for custom authorization logic. - Source: dev.to / about 1 month ago
  • Implementing advanced authorization with AWS Lambda for endpoint-specific access
    The API Gateway includes an endpoint structured like this:. - Source: dev.to / about 2 months ago
  • Turning APIs into Revenue: Passive Income Strategies for Developers
    Amazon Web Services exemplifies this approach with automatic volume discounts that encourage increased usage while maximizing revenue at each consumption level. - Source: dev.to / about 2 months ago
View more

Payoneer mentions (0)

We have not tracked any mentions of Payoneer yet. Tracking of Payoneer recommendations started around Mar 2021.

What are some alternatives?

When comparing Amazon API Gateway and Payoneer, you can also consider the following products

Postman - The Collaboration Platform for API Development

PayPal - PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller

AWS Lambda - Automatic, event-driven compute service

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

Apigee - Intelligent and complete API platform

PayPal Braintree - An all-in-one solution to accept, process, and split payments in your mobile app or online - from small business to large enterprise.