What it is
Payoneer gives freelancers and online sellers receiving accounts in major currencies and lets marketplaces pay out to contributors worldwide. Fees are per transaction and vary by route.
Who it suits
Freelancers and sellers paid by overseas marketplaces and clients.
How it charges
Receiving from marketplaces is often free; other payments and withdrawals to your bank carry fees, and currency conversion adds a margin. An annual account fee can apply to inactive accounts.
Getting started
Register online with ID, then connect the marketplaces or clients that will pay you. Receiving accounts in major currencies are issued after verification.
At a glance
- Pricing
- Per transaction
- In-person
- No
- Subscriptions
- No
- Marketplace payouts
- Yes
- Headquarters
- New York
- Founded
- 2005
Strengths
- Receiving accounts in several currencies
- Integrated with major marketplaces
- Global reach
Watch for
- Fee schedule is complex
- Withdrawal FX margins
Readers ask2 questions answered
Who uses Payoneer?
Freelancers and sellers paid by overseas marketplaces and clients, and platforms paying out to contributors worldwide.
How do I withdraw from Payoneer?
To a local bank account in your currency; a conversion fee applies when the balance currency differs.
Run the numbers before you sign up
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