Statrys | Payoneer |
Key Features ✔️Multi-currency account supporting 11 currencies ✔️ Local payouts in 14 currencies ✔️Competitive foreign exchange rate with a fee starting from 0.4% ✔️International payment (via SWIFT) with payment tracking ✔️Virtual and physical payment cards ✔️100% online application | Key Features ✔️Local accounts in 10 countries: the US, the EU, the UK, Singapore, Japan, Hong Kong, Australia, New Zealand, Canada, and UAE. ✔️ Payoneer-to-Payoneer transfers (instant transfer + zero fee) ✔️ International payment (via SWIFT) ✔️ Virtual and physical payment cards with a cashback reward ✔️ 100% online application |
Ideal For Businesses registered in Hong Kong, Singapore, and the BVI managing cross-border payments with a need for multi-currency accounts and competitive FX rates. | Ideal For Businesses and freelancers seeking local accounts in multiple countries to collect payments and operate like locals. |
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Statrys Overview
Established in 2019, Statrys is a fintech company based in Hong Kong. Their main focus is to help small and medium-sized businesses deal with business finance and payments. The company is known for its emphasis on regulatory compliance, personalised customer support, and competitive rates.
In 2024, Statrys received the Hong Kong Business (HKB) Technology Excellence Award in Fintech, and supported over 3,500 SMEs in simplifying global payments.
- Eligible countries: Companies registered in Hong Kong, Singapore, and the British Virgin Islands (BVI).
- Eligible company type: All types of businesses are eligible, provided that they do not engage in prohibited industries.
- Licence: Statrys holds a Money Service Operator license (No. 19-02-02726) in Hong Kong and a Small Payment Institution license (FRM: 911226) in the UK.
- Custodian bank: DBS Hong Kong.
Payoneer Overview
Founded in 2005 and headquartered in New York, Payoneer is a leading payment service provider that offers cross-border payment solutions to businesses of all sizes, from freelancers to large enterprises. Payoneer enables users to easily send and receive payments in multiple currencies, supporting transactions in over 190 countries and territories in more than 70 currencies.
- Eligible countries: Companies registered in most countries are eligible. However, we couldn’t find the full list of eligible countries.
- Eligible company type: All types of businesses are eligible. However, the applicable specific conditions or rules are not available on the website.
- Licence: Payoneer holds necessary licenses in all countries where they operate.
Business Account Features Comparison
| Statrys | Payoneer |
Supported Currencies in the Accounts | 11 currencies: HKD, AUD, CAD, CHF, RMB, EUR, GBP, JPY, NZD, SGD, and USD | 10 currencies, including USD, JPY, AUD, EUR, HKD, SGD, CAD, GBP, AED, and NZD. |
Local Payment Currencies | 12 currencies: USD, AUD, GBP, EUR, THB, INR, VND, TRY, IDR, PHP, SGD, and KRW | 10 currencies, including USD, JPY, AUD, EUR, HKD, SGD, CAD, GBP, AED, and NZD. |
International Payments (SWIFT) | ✔️ (with real-time payment tracking) | ✔️ |
Accounting Software Integration | ✔️ | ✔️ |
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Statrys and Payoneer cater to different audiences and needs. Statrys is ideal for businesses managing international payments, offering multi-currency account support for 11 currencies, payments in 12 local currencies, and forward contracts to mitigate exchange rate risk. It also includes real-time SWIFT payment tracking for added transparency.
On the other hand, Payoneer is better suited for freelancers and digital nomads, providing local accounts in 10 currencies to make receiving payments from clients or platforms like Amazon, Upwork, and Fiverr seamless.*
While Statrys is limited to companies in some countries, Payoneer’s global availability and focus on ease of use make it a practical choice for individuals and small-scale global operations.
Business Account Fees Comparison
| Statrys | Payoneer |
Account Opening Fee | Free* | Free or USD 29.95** |
Account Monthly Fee | Free (if 5 or more outgoing transfers are made in the month) | None But if your account has received less than USD 2,000 in the last 12 months, the annual fee of USD 29.95 will be applied. |
Receive Local Payments in Hong Kong | Free to receive HKD payments in Hong Kong | Free |
Send Local Payments | HKD 5 per HKD/CNY payment in Hong Kong. If exceed HKD 500,000: HKD 25 HKD 75 per USD payment in Hong Kong HKD 25 - 50 per local payment in specific countries | Local payment in the US, UK and EU USD/GBP/EUR 1.50*** |
Receive International Payments (SWIFT) | HKD 60 | Up to 1% |
Send International Payments (SWIFT) | HKD 85 | Up to 3% (when payees are not Payoneer customers) |
FX Rate | Based on live mid-market exchange rates. | Based on wholesale market rates. |
FX Fee | Starting from 0.4%: HKD, USD, EUR, CNY, GBP, SGD, JPY, AUD, CHF, NZD, and CAD. Starting from 0.6%: INR, IDR, PHP, KRW, THB, TRY, and VND. | 0.5% |
*Statrys may charge an account opening fee for companies not registered in Hong Kong or Singapore or companies with complex structures.
**A one-time registration fee is applied for some countries.
***This fee applies to the first USD/GBP/EUR 50,000 per month. For amounts exceeding this threshold, a fee of 0.5% will be charged on the excess.
Statrys and Payoneer differ in how they structure their fees, with Statrys favouring flat rates and Payoneer relying on percentage-based pricing. Statrys charges flat fees for most transactions, such as HKD 60 to receive and HKD 85 to send SWIFT payments, making costs predictable for businesses with larger transactions.
In contrast, Payoneer’s percentage-based fees—up to 1% to receive and up to 3% to send SWIFT payments—can be advantageous for smaller payments but may scale up for higher amounts. This makes Statrys better for businesses prioritising consistency, while Payoneer is a practical choice for freelancers and smaller-scale users with lower transaction amounts.*
Card Features and Fees Comparison
| Statrys | Payoneer |
Card Type | Physical and virtual prepaid Mastercard® card | Physical and virtual Mastercard® pre-paid cards |
Payment Limit | HKD 600,000 per cardholder per year | Up to USD 200,000 per day and no monthly limit |
ATM Withdrawal | ✔️ | ✔️ |
ATM Withdrawal Limit | Up to HKD 120,000 per year | Vary by account |
ATM Withdrawal Fee | 1.99% (minimum of HKD 31) | USD 3.15/ EUR 2.5 / GBP 1.95 + fee imposed by the ATM owner. |
Foreign Transactions Fee | 1.5% + Mastercard® conversion rate | Free if spent in local currencies |
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Primary Cons |
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Statrys is great for managing expenses, with one physical and up to four virtual cards per user, making it ideal for businesses tracking employee spending. However, it has lower payment limits (HKD 600,000 per year) and charges a 1.5% foreign transaction fee and HKD 48 per month for extra cards.
Payoneer, on the other hand, allows higher daily spending (up to USD 200,000) and has no foreign transaction fees if you spend in the card’s base currency. It also works with digital wallets like Apple Pay but has an annual fee of USD 29.95 for the first card.*
Overall, Statrys is ideal for expense control, while Payoneer suits higher and international spenders.
Recommended: Learn about the key differences between physical and virtual cards.
Customer Support
| Statrys | Payoneer |
Personalised Customer Services | ✔️ | ❌ |
Communication Channels | Live Chat on Website, Email, Phone, WhatsApp, WeChat | Help centre, Query form, Chatbot, Email, Post |
Working Hours | 10 am to 7 pm (GMT +8) Monday to Friday (except on public Hong Kong holidays) | No information is provided on the website. You need to log in to a Payoneer account to find detailed information. |
FAQs
What are the key differences between Payoneer and Statrys business accounts?
The key differences lie in their target users and features. Statrys is tailored for businesses incorporated in Hong Kong, Singapore, and the BVI, offering multi-currency accounts with advanced FX tools and flat fees for transactions.
Payoneer, on the other hand, is available globally and is more suited for freelancers and small businesses, with features like local receiving accounts in multiple currencies and seamless integration with ecommerce platforms like Amazon and Fiverr.
Do Payoneer and Statrys charge a monthly fee for their services?
Do Payoneer and Statrys provide business expense cards?
Sources
Disclaimer
Statrys competes directly with Payoneer in the payment industry. However, we're committed to providing an unbiased, thorough review to help you make an informed choice.
