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Payoneer VS Sumsub

Compare Payoneer VS Sumsub and see what are their differences

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Contents:
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  2. » Videos
  3. » Reviews
  4. » Alternatives

Payoneer logo Payoneer

Whether making international payments, receiving funds, managing your digital business, or accessing capital, Payoneer opens your business up to the world.

Sumsub logo Sumsub

One verification platform to secure the whole user journey
  • Payoneer Landing page
    Landing page //
    2023-10-22
  • Sumsub Landing page
    Landing page //
    2022-10-30

Sumsub is the one verification platform that secures every step of the user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect your business.

Sumsub achieves the highest conversion rates in the industry—91.64% in the US, 95.86% in the UK, and 90.98% in Brazil—while verifying users in less than 50 seconds on average.

Sumsub’s methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin).

Payoneer

Website
payoneer.com
Pricing URL
-
$ Details
-
Platforms
-
Release Date
-
Edit details

Sumsub

Website
sumsub.com
Pricing URL
Official Sumsub Pricing
$ Details
paid Free Trial
Platforms
iOS Android Web REST API
Release Date
2015 January
Edit details

Payoneer videos

+ Add

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

Sumsub videos

+ Add

How Sumsub KYC works

More videos:

  • Demo - Full-cycle business verification (KYB)
  • Review - The most flexible transaction monitoring solution (KYT)

Category Popularity

0-100% (relative to Payoneer and Sumsub)

Payoneer

Sumsub

Online Payments
100 100%
Online Payments
0% 0
Identity Verification And Protection
0 0%
Identity Verification And Protection
100% 100
Payment Platform
100 100%
Payment Platform
0% 0
Identity Verification
0 0%
Identity Verification
100% 100

User comments

Share your experience with using Payoneer and Sumsub. For example, how are they different and which one is better?
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Reviews

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

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.
Source: www.kasareviews.com
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.
Source: www.kasareviews.com
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.
Source: digitalmarketingtipsy.com
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.
Source: www.digitalgondola.com
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.
Source: www.stayonsearch.com

Sumsub Reviews

  1. Hands down one of the best experiences with document verification. I have to go through this kind of checks on a weekly basis and sumsub is relatively fast and has a smooth interface that guides you through the whole process. Solid 5/7

    👍 Pros:    Super fast
Discover the Top 5 Identity Verification Providers in 2023
When it comes to capabilities, flexibility is a key selling point as it empowers organizations to align the identity verification service with their unique workflows, compliance needs, and risk appetite. Different vendors provide different levels of customizations, with ComplyCube and SumSub offering the most flexible and granular options in their respective online portals.
Source: www.techtimes.com

Social recommendations and mentions

Based on our record, Sumsub seems to be more popular. It has been mentiond 8 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.

Payoneer mentions (0)

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

Sumsub mentions (8)

  • Haru Invest referral code: 🚀💰 'HELLO' (March 2023)
    After that you must complete secure KYC process (done via the SumSub company). Source: over 1 year ago
  • Binance p2p
    I didnt recieve my crypto from the p2p Transfer and its asking for me to do verification from sumsub.com. I have no idea what this website is but I filled out the verification and it says they are partnered with Binance. Source: over 1 year ago
  • Community discussion about Spectrum Finance $SPF token in this thread December 9th, 6 pm UTC — Please join!
    KYC and data storage could be done by a trusted third-party service called Sum and Substance. Source: over 1 year ago
  • Level 2 verification - document not approved / CS not replying
    It might be required to present proof of address for KYC, which you can learn more about here. The KYC procedure is handled by our partners at sumsub.com and they are the ones checking the validity of the document. Source: almost 2 years ago
  • Is there a way to verify my account with non-english IDs/ PoA?
    Updated the link with the source. Hope it helps. https://sumsub.com/. Source: about 2 years ago
View more

What are some alternatives?

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

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

Onfido - Onfido is the data-driven platform for intelligent background checking.

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.

ComplyCube - Verify your customers in under 15 seconds anywhere in the world with a cutting-edge SaaS & API platform for Identity Verification and AML/KYC compliance.

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

Veriff - Smart and scalable identity verification.

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