Payoneer alternatives in Africa
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Compare 8 Payoneer alternatives in Africa on account features, market availability, virtual cards and fees
Key takeaways
- Payoneer is used for international payments, but account features and functionality varies by market
- WorldFirst offers multi-currency business accounts with 15+ currencies, marketplace collections, and up to 20 free virtual cards
- PayPal provides checkout, invoicing, and payment tools, but it is limited to send-only personal accounts in Nigeria and receive-only business accounts in Kenya and Morocco, with no cards
- Grey offers USD accounts with sending, receiving, and virtual cards, but business accounts are only available in Nigeria
- Eversend provides USD/EUR accounts, transfers, and virtual cards, but card usage comes with monthly or per-card fees starting at US$1
- nSave provides multi-currency accounts, but GBP accounts in Nigeria cannot receive funds
Payoneer is a global payments provider that helps freelancers, online sellers, and businesses receive international payments, collect marketplace payouts, and send funds worldwide. For businesses in Nigeria, Kenya, Ghana and Morocco, account features and pricing differ meaningfully across providers. This guide compares 8 alternatives to Payoneer across these markets.
1. WorldFirst
WorldFirst is a global payments provider that helps businesses receive, hold, convert, and send international payments through a single multi-currency account. The World Account allows businesses to open local currency accounts in more than 15 currencies including USD, EUR, GBP, CNH, AUD, and NZD.
Businesses can also collect payouts from multiple global marketplaces and payment gateways. Each account is also linked to a virtual card called the World Card that provides virtual Mastercard access with up to 20 virtual cards available at no additional cost.
| Key features |
|
|---|---|
| Main fees |
Monthly fee: Zero Opening virtual local currency accounts: Zero Receiving payments: Zero Holding funds in multiple currencies: Zero Sending payments: Refer to in-portal pricing. Vouchers may apply Currency conversion: Refer to in-portal pricing. Vouchers may apply Getting a World Card: Zero up to 20 cards |
*Fees checked in June 2026. Terms and Conditions Apply.
2. PayPal
PayPal is an international payments provider used for sending and receiving money for businesses and individuals across 200+ countries and 25+ currencies.1 Personal accounts are limited to sending payments, while business accounts support both sending and receiving.2,4
PayPal Nigeria only has personal accounts with send-only functionality4, while Kenya and Morocco support business accounts that are receive-only.2,3 Ghana is currently not supported.
→ For more details, read our PayPal review and compare it with PayPal alternatives
Pricing: No monthly fee.5 Businesses receiving payments pay 4.40% plus a fixed transaction fee6
3. Wise
Wise enables international transfers in 50+ currencies to over 140 countries.6 Personal accounts are available in Nigeria, Kenya, Ghana, and Morocco, but are restricted to sending payments only.7
Wise Business is available in Kenya but it is send-only.8
Pricing: No account opening fee. Transfer fees vary by currency and payment route, starting from 0.29%9
4. Grey
Grey is an international payment provider that offers both personal and business accounts with USD virtual account details.10 “Personal accounts support receiving, sending and exchanging currencies, and include a virtual card for spending11. Business accounts come with more features like bulk payouts, team spending controls, and API access.10
Personal accounts are accessible in Nigeria, Kenya, Ghana, and Morocco14,15,16, while business accounts are limited to Nigeria only.10 Grey offers virtual cards at an issuance cost starting at US$4.13
→ For more details, read our Grey review and compare it with Grey alternatives
Pricing: No monthly fee.10 Receiving fees varies as per transaction type–0.8% for ACH, SEPA and FPS12
5. Eversend
Eversend provides USD and EUR virtual accounts along with USD virtual cards.17
Its business accounts mirror the core personal account features but add API access for automating payment processes.18 The platform is available for both personal and business users in Nigeria, Kenya, and Ghana.19 Morocco is not currently supported.
Pricing: Account opening costs US$2. Transfers incur a 0.7% fee21 Virtual cards either come with a US$1 monthly maintenance fee or a one-time US$3 per card charge.20
6. Chipper Cash
Chipper Cash is a cross-border payments provider, offering USD virtual accounts and USD virtual cards for global spending in 21 countries.22
Personal accounts are limited to sending money only, whereas business accounts support both sending and receiving funds, and come with higher transaction limits, and dedicated enterprise support.23 USD virtual cards come with issuance and maintenance fees starting from US$1.25
Chipper Cash is currently available in Nigeria and Ghana.23
→ For more details, read our Chipper Cash review and compare it with Chipper Cash alternatives
Pricing: Both business and personal accounts come at zero cost24, but USD virtual accounts require a setup fee of NGN 5,000 / GHS 60 and a US$1.50 monthly fee26
7. Remitly
Remitly operates as a money transfer service rather than a multi-currency account.27 It is used for cross-border payments and does not provide personal or business accounts.
Businesses in Nigeria, Kenya, Ghana, and Morocco can receive funds through bank deposits, cash pickup, or mobile money depending on the country.28,29,30,31
Pricing: No monthly/set up fee27
8. nSave
nSave provides multi-currency business accounts that let companies receive international payments in USD, EUR, and GBP, while also enabling them to hold balances, send money overseas, and convert between supported currencies.32 It also includes virtual card access for business spending.34
The service is available for business use in Nigeria, Kenya, and Morocco.33 GBP accounts in Nigeria cannot receive incoming funds.35
Pricing36: Business accounts have a one-time setup fee of US$10. Sending GBP payments costs US$1 per transaction, while USD and EUR SWIFT transfers cost 0.3% (minimum US$14.99 and maximum US$24.99)
Choose the right Payoneer alternative
When comparing Payoneer alternatives, availability can be just as important as pricing or features. Some providers focus on specific countries, while others offer different functionality depending on where a business is based. Before choosing a platform, it is worth checking whether you can not only open an account, but also receive payments, hold balances, access cards, and manage multiple currencies in the markets where your business operates.
FAQs
Which is the best alternative to Payoneer for African businesses?
The best alternative is one that is available across Nigeria, Kenya, Ghana, and Morocco and offers business account functionality, multi-currency support, virtual cards, and competitive fees.
Does Payoneer charge a monthly fee?
No. Payoneer does not currently charge a monthly account fee, although other transaction and service fees may apply.
Can Payoneer be used to receive payments?
Yes. Payoneer allows businesses and freelancers to receive international payments from clients, marketplaces, and payment platforms. You can know more about the platform on our Payoneer review.
Which Payoneer alternatives offer a multi-currency card?
WorldFirst offers the World Card, a virtual Mastercard linked to its multi-currency account, allowing businesses to spend in multiple currencies and create up to 20 virtual cards at no extra cost.
Sources
- https://www.paypal.com/c2/webapps/mpp/country-worldwide?locale.x=en_C2
- https://www.paypal.com/ma/business
- https://www.paypal.com/ke/business
- https://www.paypal.com/ng/home
- https://www.paypal.com/business
- https://www.paypal.com/ma/business/paypal-business-fees
- https://wise.com
- https://wise.com/ke/business/
- https://wise.com/ng/pricing/
- https://grey.co/business
- https://grey.co
- https://support.grey.co/en/articles/10265140-faq-new-pricing-update
- https://support.grey.co/en/articles/9819043-full-virtual-card-transaction-limit
- https://grey.co/en-ke
- https://grey.co/en-gh
- https://grey.co/en-ma
- https://eversend.co
- https://eversend.co/business
- https://help.eversend.co/en/articles/4349091-what-can-i-do-on-eversend
- https://help.eversend.co/en/articles/8185032-eversend-virtual-card-fees
- https://help.eversend.co/en/articles/12059261-how-to-create-a-eur-usd-gbp-virtual-account
- https://www.chippercash.com
- https://business.chippercash.com
- https://support.chippercash.com/en/articles/5698220-business-account-documents-faqs?q=1688
- https://support.chippercash.com/en/articles/5194944-how-to-claim-your-chipper-card
- https://support.chippercash.com/en/articles/8415928-africa-usd-virtual-account-faqs
- https://www.remitly.com/us/en/landing/business
- https://www.remitly.com/us/en/help/article/how-to-send-a-transfer-to-nigeria
- https://www.remitly.com/us/en/help/article/receiving-money-kenya
- https://www.remitly.com/us/en/help/article/receiving-money-morocco
- https://www.remitly.com/us/en/help/article/how-to-send-a-transfer-to-ghana
- https://www.nsave.com/products/business
- https://intercom.help/nsave_help_center/en/articles/10667646-supported-countries-for-opening-an-nsave-account
- https://www.nsave.com/products/cards
- https://intercom.help/nsave_help_center/en/articles/13572268-gbp-accounts-on-nsave-what-you-can-and-can-t-do
- https://www.nsave.com/pricing-business
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
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