Software Alternatives, Accelerators & Startups

Bankfeed VS Payoneer

Compare Bankfeed VS Payoneer and see what are their differences

Bankfeed logo Bankfeed

Is your company receiving a lot of incoming payments? Are you using more than one bank? Bankfeed saves time and prevents errors by automating the import of bank statements to Microsoft Dynamics 365 Business Central and the reconciliation of payments.

Payoneer logo Payoneer

Whether making international payments, receiving funds, managing your digital business, or accessing capital, Payoneer opens your business up to the world.
  • Bankfeed Landing page
    Landing page //
    2023-06-12

Forget about logging into different banks. Have all your bank statements in Microsoft Dynamics 365 Business Central, and reconcile payments with invoices AUTOMAGICALLY!

If your company meets at least one of these conditions, you will find Bankfeed valuable: • Receives many payments • Uses several bank accounts • Wants to post transactions quickly and error-free • Wants to view payments in real time • Has operations in multiple countries

Bankfeed allows you to automate bank statement import into Microsoft Dynamics 365 Business Central as well as payment recognition and reconciliation with issued invoices.

The solution works with all European banks, including Santander, ING, Barclays, HSBC, Swedbank, Revolut, PayPal, Stripe, Wise, American Express, N26 and others.

Here's what customers have to say: “At least 98% of incoming payments are automatically identified and reconciled with invoices. This makes my daily work much easier.” Jurgita Lapinskiene, USAD

“We have more than 60 bank accounts, so it used to take a lot of time to manually manage all the incoming payments. I am happy that Bankfeed automates that.” Neringa Baronaitiene, Gelvorasergel

“The automatic recognition and reconciliation, as well as the separation of bank charges, saves at least 4 hours per day, i.e., about 10 days per month.” Sigita Geinaite, Trobos

FOR MORE INFORMATION PLEASE VISIT https://bankfeed.com/

  • Payoneer Landing page
    Landing page //
    2023-10-22

Bankfeed

$ Details
paid Free Trial €100.0 / Monthly (Up to 3 bank accounts)
Platforms
Microsoft Business Central

Bankfeed features and specs

  • All European banks: Yes, 2300+ banks
  • Automatic bank statement import: Yes
  • Automatic payment recognition: Yes
  • Automatic payment reconciliation: Yes
  • Automatic invoice reconciliation: Yes

Payoneer features and specs

No features have been listed yet.

Bankfeed videos

Bankfeed demo

More videos:

  • Tutorial - Bankfeed Assisted Setup for Bank Connection
  • Tutorial - Bankfeed Assisted Setup for General Settings
  • Tutorial - Bankfeed Guided Tour

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 Bankfeed and Payoneer)
Finance
4 4%
96% 96
Online Payments
0 0%
100% 100
Accounting & Finance
100 100%
0% 0
Payment Platform
0 0%
100% 100

Questions and Answers

As answered by people managing Bankfeed and Payoneer.

Why should a person choose your product over its competitors?

Bankfeed's answer

Bankfeed works with all European banks, including Santander, ING, Barclays, HSBC, Swedbank, Revolut, PayPal, Stripe, Wise, American Express, N26 and others. 2300+ banks in total. The solution also provides automatic payment reconciliation with issued invoices.

Which are the primary technologies used for building your product?

Bankfeed's answer

Bankfeed works as an add-on for Microsoft Dynamics 365 Business Central. For the integration with all European banks, the solution uses open banking (PSD2) technology.

Bankfeed supports the most common bank formats worldwide: CAMT.053 (financial statement import) CAMT.052 (financial statement import)

How would you describe your primary audience?

Bankfeed's answer

If a company meets at least one of these conditions, it will find Bankfeed valuable: - Receives many payments - Uses several bank accounts - Wants to post transactions quickly and error-free - Wants to view payments in real time - Has operations in multiple countries

What makes your product unique?

Bankfeed's answer

Bankfeed allows you to automate bank statement import into Microsoft Dynamics 365 Business Central as well as payment recognition and reconciliation with issued invoices.

User comments

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Reviews

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

Bankfeed Reviews

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Payoneer Reviews

8 Best Payoneer Alternatives – Which Payoneer Competitors You Can Use?
You can download the iOS or Android mobile Payoneer app. The app allows you to manage funds, but you can’t make payments with the app. For more info about Payoneer, you can check is Payoneer legit review.
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.
5+ Best Payoneer Alternatives For Freelancers & Businesses
Talking about its working, Payoneer allows you to receive or send money to anyone in the world (provided they have a Payoneer account as well). You can also send invoices, track & manage your transactions, withdrawals, etc. in your Payoneer account.
9 Best Payoneer Alternatives for Freelancers | 2022
You can transfer money from Paypal to Payoneer but there is no direct way to transfer money from Payoneer to Paypal. However, you can transfer using an agent. You can easily find an agent by searching on Google. Moreover, you can also send money by Payoneer master card and Payoneer Global payment service.
Top 10 PayPal Alternatives
Payoneer is a good PayPal alternative as you can use its credit card to shop online, and to withdraw fund from your local MasterCard ATM points.

What are some alternatives?

When comparing Bankfeed and Payoneer, you can also consider the following products

Xero - Xero is online accounting for your small business.

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

Sage Intacct - Intacct is a cloud-based accounting and financial management system that is designed for the businesses of all levels.

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.

QuickBooks Online - QuickBooks Online is a Cloud Accounting for small business that can be used on iPad, mobile phone or computer to do invoicing, billing, run reports, or even pay employees online.

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