I'm a Japanese language teacher.
Which is more advantageous, Payoneer or PayPal?
Which one do you all use?

Especially if you're a Japanese language teacher, that would be helpful.
This might not be the place to ask, but I'm not entirely clear on the fees.

I've been using Payoneer for a long time, but it seems they'll start charging an annual fee starting February 23, 2026.
On the other hand, does PayPal charge a separate currency conversion fee on top of the transaction fee?
If so, the fees would become quite high.
I can't quite figure out from the website whether exchange fees are separate from transaction fees or if they're the same thing.

Currently, I have US dollars deposited into my Payoneer account and withdraw them in Japanese yen from my Japanese bank.
Since there's a possibility of an annual fee being charged, I'm considering switching to PayPal.

Question

I'm a Japanese language teacher.
Which is more advantageous, Payoneer or PayPal?
Which one do you all use?

Especially if you're a Japanese language teacher, that would be helpful.
This might not be the place to ask, but I'm not entirely clear on the fees.

I've been using Payoneer for a long time, but it seems they'll start charging an annual fee starting February 23, 2026.
On the other hand, does PayPal charge a separate currency conversion fee on top of the transaction fee?
If so, the fees would become quite high.
I can't quite figure out from the website whether exchange fees are separate from transaction fees or if they're the same thing.

Currently, I have US dollars deposited into my Payoneer account and withdraw them in Japanese yen from my Japanese bank.
Since there's a possibility of an annual fee being charged, I'm considering switching to PayPal.

Answer

You are more likely to get useful answers if you post in the teacher's forum.

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