Business payments don't have to be complicated
Try Sokin and see for yourself
Sokin vs Payoneer: Global payments simplified
Compare fees, FX and multi-currency wallets to see how Sokin and Payoneer stack up.
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Morgan Stanley invests to become our trusted partner in growth
Recognised as one of the fastest-growing private technology companies.
Transparent FX & fees
No surprise costs
Hands on support
Local & global payment routes
Sokin puts Australian businesses first
Pricing that stays predictable
No subscription. Flat fees. Transparent FX. No corridor-based pricing, just predictable costs.
Speed where it matters most
Fast local AUD payments and global transfers designed for businesses operating internationally.
Real people, real support
Clear communication and fast resolutions from real people when your business needs support.
Why Australian businesses are choosing Sokin
Sokin is designed for finance teams that value clarity, control and operational speed in local and cross-border payments. With predictable costs, local AUD rails, and global reach, Sokin helps Australian companies scale without complexity.
Payoneer*
Monthly fee**
No monthly fee (a yearly inactivity fee may apply)
🏆 No monthly fee
Currency exchange fee**
Real-time exchange rate + 0.5%+ depending on currency
🏆 Wholesale rate + min 0.3% - 1% depending on currency
Transfer fee**
Up to 3% in most cases
From £5
Inbound fee
From Payoneer users: Free.From others: fees vary for payment method used.
No inbound fee
Local account details
🏆 9+ regions including GBP, EUR, USD
5 regions incl. AUD, GBP, EUR, USD, CAD
Hold and manage multiple currencies
9+
🏆 26
Countries you can send to
🏆 190+
170
Earn on balances***
No
🏆 up to 3.5% on USD, GBP and EUR***
Payout currencies
🏆 100+
70+
Accounting Integrations
QuickBooks & Xero
🏆 Sage, Xero, NetSuite, QuickBooks
Marketplace collections
🏆 2000+
No
Payment acceptance
Cards and local payment options
🏆 Card payments, Apple Pay and Google Pay
Disclaimer:
*Payoneer information shown is based on publicly available AUD pricing and product details as at February 5, 2026. Fees, features, and availability may vary by country, entity type, and customer profile.
**May vary by region
*** Sokin Premium wallets and Boosts are subject availability depending on your region. Sokin reserves the right to withdraw or not offer this product to any account. Premium Wallets and the Boost functionality is only available to Sokin Business Customers who have a multi-currency account. The Interest rates outlined are correct as of 1st September 2025 and are subject to change depending on the Central Bank rate change.
*Payoneer information shown is based on publicly available AUD pricing and product details as at February 5, 2026. Fees, features, and availability may vary by country, entity type, and customer profile.
**May vary by region
*** Sokin Premium wallets and Boosts are subject availability depending on your region. Sokin reserves the right to withdraw or not offer this product to any account. Premium Wallets and the Boost functionality is only available to Sokin Business Customers who have a multi-currency account. The Interest rates outlined are correct as of 1st September 2025 and are subject to change depending on the Central Bank rate change.
Compare the landscape
Every global payments partner offers something different. Explore our comprehensive blog to ensure you have the agility and reach your business demands.
3 reasons to consider Sokin over Payoneer
- Forecast with confidenceClear FX and transparent fees designed to avoid hidden spreads and unexpected cost variation.
- Domestic & global payments in one place Manage AUD payouts and international transfers from the same platform, with accounting platform integrations.
- Built for control and trust Enterprise-grade controls, segregated client funds, and institutional backing from Morgan Stanley to support global payment operations with confidence.
All the currencies you need.
At our best rates, guaranteed.
aed
gbp
usd
dkk
sgd
hkd
aud
bgn
chf
aed
gbp
usd
dkk
sgd
hkd
aud
bgn
chf
cnh
eur
huf
jod
jpy
mxn
nzd
pln
qar
cnh
eur
huf
jod
jpy
mxn
nzd
pln
qar
rsd
sar
sek
tnd
all
aoa
brl
egp
jmd
aed
gbp
usd
dkk
sgd
hkd
aud
bgn
chf
ngn
zar
nok
try
krw
inr
cnh
eur
huf
jod
jpy
mxn
nzd
pln
qar
See our real impact
70+
payout currencies
170
Countries you can send to
$8B
payment volume processed
Products we offer
Multi-currency Accounts
Receive funds in 26 currency accounts across local and multi-currency accounts.
FX & Payments
Send fast international payments to over 170 countries in 70+ currencies.
Balance boost
Switch on your Boost to earn upto 3.5% AER on unlimited USD, EUR and GBP balances.
Payment gateway
Ecommerce payment gateway that supports your domestic & international customer base.
Accounting integrations
Connect directly with your existing ERP and accounting platforms to fuel efficiency.
Questions and Answers
Is Sokin a good alternative to Payoneer for Australian businesses?
Yes. While Payoneer is often used for marketplace and contractor payments, Sokin is designed for businesses that need predictable FX pricing, multi-currency wallets and simple global payments from one platform.
How does Sokin's pricing compare to Payoneer?
Payoneer's fees can vary depending on payment method and route. Sokin offers a fixed FX markup and flat transfer fees, designed to give growing businesses clearer cost visibility.
Can I hold multiple currencies with both platforms?
Yes. Payoneer supports 9+ holding currencies. Sokin offers up to 26 multi-currency wallets, giving businesses more flexibility to manage FX timing and international payments.
Are there monthly fees with Sokin or Payoneer?
Both platforms offer accounts without monthly subscription fees. Payoneer may apply inactivity fees (29.95 USD yearly), depending on account activity.
