Payment Platforms Fee Comparison

1. PayPal

PayPal

• Domestic transfers: ~2.9% + fixed fee (~$0.30)
• International payments: ~4.4% + FX markup (~3–4%)
• Instant withdrawal: ~1.75% fee
• Key point: High fees for cross-border payments, but very widely accepted

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2. Wise

Wise

• Transfer fee: ~0.3% – 0.6%
• FX rate: Mid-market (no hidden markup)
• International transfers: Usually 1–2 days
• Key point: One of the cheapest for global transfers

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3. Revolut

Revolut

• Transfers: ~0% – 0.5% (depends on plan)
• FX fees: Free up to monthly limit, then ~0.5%+
• International payments: Low-cost or free between users
• Key point: Strong all-in-one banking + travel app

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4. Payoneer

Payoneer

• Receiving payments: ~1% – 3%
• Currency conversion: ~2% – 3.5% FX markup
• Withdrawals: Can add additional fees (~2%+ in some cases)
• Key point: Common for freelancers & marketplaces, but not cheapest

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5. Cash App

Cash App

• Bank transfers: Free (standard)
• Credit card payments: ~3%
• Instant transfers: ~0.5% – 1.75%
• Key point: Simple P2P app, mostly US-focused

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6. Venmo

Venmo

• Bank transfers: Free (standard)
• Credit card fee: ~3%
• Instant transfer: ~1.75%
• Key point: Social payments, US-only usage

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7. Stripe (for businesses)

Stripe

• Domestic cards: ~2.9% + $0.30
• International cards: ~3.9% + FX fee
• Key point: Best for online businesses and SaaS

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📊 Quick Comparison Summary

Cheapest overall (international transfers)

• Wise (lowest fees + real exchange rate)
• Revolut (low fees, especially in EU)

Mid-range cost

• Payoneer (freelancer-friendly but FX adds cost)
• Stripe (business payments)

Highest cost

• PayPal (convenient but expensive for FX and cross-border)
• Venmo / Cash App (cheap domestically, limited internationally)

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🧠 Simple takeaway

• Best for cheap international transfers: Wise
• Best all-in-one banking app: Revolut
• Best for freelancers receiving global payments: Payoneer
• Best for easy online checkout: PayPal