I am at the step to pick a payment provider to complete my application with Walmart marketplace? The options are Payoneer or Hyperwallet. Which is better or is there no difference?
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I did not make our company choice and I do not know the answer to your question about the difference.
We are using Hyperwallet which says it is “A PayPal Service” within the Hyperwallet logo.
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Our accounting department made the choice for us and we’re using Hyperwallet as well.
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I was under the impression that Payoneer was targeted mostly to non-US sellers. Isn’t it a cross-border money transfer provider?
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Payoneer was what we went with. Super fast transfers, never a problem. Been using them on Walmart for 2 years.
The only thing I can think of that we don’t like is you don’t get your 1099 until 1-31-XX
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Some EBay sellers who are using Payoneer hate the company (pretty normal for most companies and most Ebay sellers).
Among the complaints is a fee if your sales volume drops below a threshold.
No information to share on Walmart use. I would probably choose Hyperwallet because it is a US company and the laws regulating it are clearer.
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Payoneer user here with no problems.
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Hyperwallet.
Consistent no issues
.
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Same.
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We use hyperwallet as well
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Payoneer = 3 users
Hyperwallet = 4 users
Let us know which way you go @SDguy. They both seem easy to use, reasonable, and relatively problem-free.
Personally, the delay on the Payoneer 1099 might tip me a bit toward Hyperwallet.
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I went with Payoneer since it had the option of choosing self proprietorship. And so far everything went smoothly and it was approved with minutes instead of days like it mentioned. Now my account shows “Active” instead of “Onboarding”. Does that mean I was approved to sell on there? Only thing left is add inventory step.
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