The Best Payment Solutions for Freelancers and SMBs in the Philippines

As the demand for Filipino talent, goods, and services rises globally, the country's growing community of freelancers and small businesses (SMBs) need secure and efficient payment solutions. However, managing international payments can often be costly and confusing without the right tools.

According to Payoneer’s SMB Ambitions Barometer, half of Filipino SMBs see reaching new customers as the top benefit of going global. Other key benefits include improved innovation (62%), better supply chains (57%), and better financial performance (54%). Yet, as they expand internationally, Filipino businesses face challenges in managing cross-border payments.

Challenges and Opportunities for Global Expansion

As of February 2025, 28.2% of the Filipino workforce is self-employed, and this number is growing based on Payoneer’s report. Despite this optimism, many Filipino SMBs face challenges like outdated financial systems that are prone to delays and unexpected fees. Another significant hurdle is accessing capital, as many small businesses struggle to secure funding due to limited credit history or inconsistent business performance.

With international expansion, businesses need reliable, cost-effective payment systems that won’t eat into precious revenue. Payoneer offers a solution that is transparent, flexible, and straightforward, ideal for SMBs and freelancers in the Philippines aiming to grow their business globally.

What Makes a Good Global Payment Platform?

Filipino freelancers and SMBs need a payment solution that offers: - Transparent fees with no hidden charges - Receiving accounts in multiple currencies - Simple setup and user-friendly tools - Features that simplify compliance - Support for multiple clients, platforms, and regions

Payoneer’s platform ticks all these boxes, offering seamless international payment management that supports the growth of Filipino businesses in global markets.

Why Filipino Freelancers and SMBs Use Payoneer

Payoneer’s tools are designed to help businesses scale globally with ease and transparency. Here's why Filipino freelancers and SMBs choose Payoneer:

1. Currency Receiving Accounts  Payoneer users can receive payments in major currencies like USD, EUR, and GBP, making it easier to get paid by overseas clients without maintaining multiple financial accounts abroad.

2. Clear, Predictable Fees  Payoneer’s transparent pricing model ensures that there are no surprise charges, a significant advantage for businesses dealing with frequent transactions or smaller payments.

3. Built for Individuals and Small Teams  Whether you’re a freelancer or a growing SMB, Payoneer’s platform is tailored for businesses of all sizes, allowing for quick and easy access to international payments.

4. Global Reach, Local Understanding  With many Filipino businesses working with clients in the US, China, and Canada, Payoneer’s international capabilities are a key asset. Payoneer’s tools also support a diverse vendor network, helping businesses stay resilient across global markets.

5. Supporting Digital-First Businesses  As Filipino SMBs continue their digital transformation, 84% say new technologies help them innovate, and 46% say digitization has been critical for entering global markets. Payoneer supports this digital-first mindset with tools that integrate with major e-commerce and freelance platforms.

A Guide to Global E-Commerce Payments

For Filipino businesses in e-commerce, smooth payment handling is essential. Payoneer supports: - Receiving accounts for marketplace payouts - Options to manage multiple currencies in one dashboard - Support for paying international vendors or contractors - Easier reconciliation of overseas transactions

These features save businesses time, allowing them to focus on products and customers rather than administrative tasks.

Getting Started with Payoneer

Setting up Payoneer is quick and simple: 1. Sign Up: Visit the Payoneer website and click 'Open your account'. 2. Provide Information: Enter personal and business details. 3. Verification: Submit necessary identification documents for verification. 4. Link Bank Account: Once verified, link your Philippine bank account to facilitate withdrawals in PHP. 5. Receive Payments: Start receiving international payments through your Payoneer account.

Empowering Filipino Businesses to Go Global

As the freelance economy in the Philippines expands, so do the global ambitions of Filipino freelancers and SMBs. Payoneer offers a solution that traditional financial systems can’t match, providing a flexible and cost-effective way to manage international payments.

With Payoneer, Filipino businesses have the tools they need to thrive on a global stage. Sign up today and discover how easy global payments can be.