OCTIS vs Payoneer vs Wise for receiving US dollars from Asia
Both give you USD receiving details. The fees land in different places.
Last checked · 3 sources
Otty's short answer
Wise Business suits a company paid by wire or SWIFT: US$31 to open, no monthly fee, US$6.11 to receive a USD wire, conversion from 0.23%. Payoneer suits sellers on marketplaces: free to receive in a local-currency account, but withdrawals cost 1.2% to 4% and a US$29.95 annual fee applies below US$6,000 received.
Side by side
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| What matters | OCTISHong Kong company + OCTIS global plan | Payoneer | Wise Business |
|---|---|---|---|
| Set-up fee | Set by our licensed partner; quoted before you commit | Registration fee may apply | US$31 one-time |
| Monthly fee | Set by our licensed partner; quoted before you commit | None listed | None listed |
| Annual fee | Set by our licensed partner; quoted before you commit | US$29.95 if under US$6,000 received | None listed |
| Receive USD | Multi-currency account via licensed partners | Local currency account free | US$6.11 per USD wire or SWIFT |
| Receive from a marketplace | Collect payments via licensed partners | Varies by marketplace | Not stated on page |
| Card payments from clients | Collecting payments via licensed partners | Up to 3.99% + US$0.49 | Not stated on page |
| Withdraw to bank | Sending payments via licensed partners | 1.2% to 4% (US to US US$1.50) | Per transfer fee, not published |
| Currency conversion | Foreign exchange via licensed partners | 0.50% between balances | From 0.23% |
| Card annual fee | Set by our licensed partner; quoted before you commit | US$29.95 | Not listed |
| ATM withdrawals | Set by our licensed partner; quoted before you commit | US$3.15 + up to 1.8% | US$250 per month free |
If you have staff, premises or local sales in this country, its own registration and tax rules still apply. OCTIS can help you arrange them.
Data sources & disclaimer: Comparison data was compiled from publicly available sources — including the competitors' own published pricing and feature pages — captured on 9 November 2026. Figures reflect the typical or advertised pricing at that time and may have changed since; plans, inclusions and prices vary by provider, region and promotion. OCTIS is independent and not affiliated with the named companies; all trademarks belong to their respective owners. This comparison is provided in good faith for general information only and is not professional, legal or financial advice — please verify current details with each provider before deciding.
Which one fits you
OCTIS · Hong Kong company + OCTIS global plan
Choose OCTIS if you sell to customers in several countries and want collecting payments, accounts and CRM in one place.
Payoneer
Choose Payoneer if you sell on marketplaces that pay out through it, or your clients are on its platform.
Wise Business
Choose Wise Business if clients pay by bank wire and you convert between currencies often.
What the table does not show
Where the cost lands
Payoneer charges little to receive but more to leave: withdrawals to a bank run 1.2% to 4%, with minimum fees up to US$20 in some countries. Wise charges a flat US$6.11 on a USD wire or SWIFT receipt and a conversion fee from 0.23%. For larger invoices, a flat per-payment fee is usually the lower number. For many small marketplace payouts, Payoneer's receiving side may be free.
Hong Kong and Malaysia
Payoneer's pricing page does not list Hong Kong or Malaysia fees; it says the fees that apply to you appear at registration. Malaysia is listed among countries with same-country local-currency withdrawals. Wise lists fees for USD receiving but does not say on the pages we read which business countries it accepts, so check eligibility for your company before relying on it.
Where OCTIS fits
Receiving platforms hand you statements in several currencies, and your accountant needs them tied to invoices. OCTIS bookkeeping for Hong Kong and Malaysian companies reconciles Payoneer, Wise and bank statements into one set of books. OCTIS is not a payment provider and holds no money. Ask about 10–30% off your current accounting bill.
Frequently asked questions
Is Wise cheaper than Payoneer?
For bank wires and currency conversion, Wise is usually cheaper on published rates: US$6.11 per USD wire and conversion from 0.23%. Payoneer can cost less where a marketplace pays out into a free local-currency account.
Does Payoneer charge a yearly fee?
Payoneer lists an annual account fee of US$29.95 that applies if you receive less than US$6,000 in any 12 consecutive months. It is not charged in the first year of a paid annual plan. Cards carry a separate US$29.95 annual fee.
Can I use either for my Hong Kong company?
Both serve businesses in Asia, but the pages we read do not list Hong Kong-specific fees or rules. Payoneer shows your fees at registration. Check eligibility and fees in the Wise sign-up flow too.
Is either a bank?
Both are payment and money-account providers rather than ordinary banks. Read each provider's deposit protection terms if you plan to hold large balances.
Sources
Checked on the date above. Links open the provider's or regulator's own page.