Payoneer
★Trustpilot (opens in a new tab)Payoneer is a cross-border business-payment account built for freelancers, online sellers, marketplaces and international companies. It helps customers receive commercial payments, hold currencies, pay business contacts and withdraw earnings to a bank.
Reader rating
Reviewed by Klaus Thorup · 16 August 2026 · How we review providers
Is Payoneer a good choice?
A strong choice for getting paid by marketplaces or overseas clients; it is not designed as a general way to send personal support to family or friends.
Best for
- Freelancers and contractors paid from abroad
- Sellers receiving marketplace proceeds
- Businesses paying international suppliers or contractors
Payoneer pricing at a glance
Payoneer uses transaction-based pricing. The charge changes with how money is received, whether it is converted, where it is withdrawn and the countries and account types involved.
This is a USD-to-EUR currency-conversion example. Your exact price may differ by country and by how you pay and receive the money.
About Payoneer
Payoneer was founded in New York in 2005 and is now a public company listed on Nasdaq. Its early focus on digital commerce developed into a wider account for small and medium-sized businesses trading across borders.
The company says it serves millions of customers, with more than 2,000 employees in over 25 offices. Its current pricing page describes support across more than 190 countries and territories and more than 70 currencies.
How Payoneer pricing works
The global price page lists a 0.5% charge for moving money between Payoneer currency balances. Bank withdrawals and payments can range from a small fixed fee to a percentage, and card-funded receipts cost more.
An annual account fee of $29.95 can apply when less than $6,000, or equivalent, is received over 12 consecutive months. Regional plans, registration charges and exemptions can differ, so the signed-in fee page controls.
What else you get
Local-style receiving details
Eligible customers can give clients or marketplaces receiving details in major currencies without opening a traditional bank account in each country.
Built around commercial income
Payment requests, invoices, marketplace integrations, supplier payments, cards and bank withdrawals cover the path from earning to spending business money.
Strengths and trade-offs
Reasons to choose Payoneer
- Deep marketplace and freelance-payment integrations
- Useful local receiving details and multi-currency balances
- Can pay other Payoneer users and external business bank accounts
Reasons to compare alternatives
- The fee table is complex and highly account-specific
- Bank withdrawals involving conversion can cost materially more than an internal balance conversion
- The annual low-activity fee can matter for occasional users
- Not intended for personal transfers
Support and account checks
Payoneer offers online help and customer care, with account-specific document requests shown in its Verification Center.
Applicants normally provide government-issued identification, proof of address and a bank account, plus business registration and ownership documents for a company account.
Payoneer may ask for a website, marketplace profile, invoices, contracts or other evidence that explains the business and the commercial source of a payment.
When to look elsewhere
Choose Wise Business for simpler conversion and bank-transfer pricing, Airwallex for a broader business-finance and cards platform, or a personal transfer service such as Remitly when the payment is family support rather than business income.
Large investment-related exchange?
For a large currency conversion that is part of genuine investing or trading in the account, compare Interactive Brokers first: its pricing can be difficult to beat. IBKR is a brokerage, not a stand-alone transfer service; use a transfer specialist for cash pickup or a direct payment to someone else.
What to know before you use Payoneer
Free receiving applies only to certain payment sources and currency arrangements; card, non-local and marketplace payments can have their own charges.
The public fee page is an overview. The fee shown inside the account can differ by country, signup channel, volume or negotiated agreement.
A Payoneer receiving account is a payment feature, not necessarily a full local bank account with the same protections and functions.
Sources
Reviewed 16 August 2026
- Payoneer — About (opens in a new tab)
- Payoneer — Fees, updated 1 January 2026 (opens in a new tab)
- Payoneer — Business-payment product guide (opens in a new tab)
- Payoneer — Verification documents (opens in a new tab)
Payoneer vs the competition
These guides compare prices and practical product differences, so you can see which provider may suit you best.