Payoneer
Payment gateways
Payment processing software
Payments orchestration software
Accounts payable automation software
Enterprise payment software
Payment software
Accounting & finance software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
Take the quiz to check if Payoneer and its alternatives fit your requirements.
$29.95 per year
Free Trial unavailable
Free version
Small
Medium
Large
- Information technology and software
- Media and communications
- Professional services (engineering, legal, consulting, etc.)
What is Payoneer
Payoneer is a cross-border payment platform that enables businesses and freelancers to receive, hold, convert, and send funds internationally. It is commonly used by marketplaces, e-commerce sellers, and service providers to manage multi-currency collections and payouts. The product combines local receiving accounts in multiple currencies, mass payout capabilities, and compliance workflows to support international payables and receivables.
Cross-border payouts at scale
Payoneer supports sending payments to many recipients across countries, which fits marketplace and platform payout use cases. It provides tools for batch payments and recipient onboarding to reduce manual payout operations. This is particularly relevant for businesses paying global contractors, sellers, or affiliates.
Multi-currency receiving capabilities
Payoneer offers local receiving accounts in multiple currencies so customers or partners can pay via domestic bank transfer methods in supported regions. Users can hold balances and convert currencies within the platform, which can simplify treasury operations for international revenue. This can reduce reliance on separate bank accounts for each market.
Business compliance and controls
The platform includes identity verification and compliance checks that are typical for regulated payment providers. It also provides account-level controls and transaction records that support auditability for finance teams. These features help organizations standardize how international payments are initiated and tracked.
Not a full gateway stack
Payoneer is primarily oriented around cross-border collections and payouts rather than end-to-end card acquiring for online checkout. Organizations that need deep checkout optimization, extensive payment method coverage, or advanced routing may require additional providers. This can increase integration complexity for omnichannel payment acceptance.
Coverage varies by country
Availability of receiving accounts, payout methods, and supported currencies depends on the sender/recipient country and regulatory constraints. Some corridors may have limited options or additional requirements for recipients. Businesses operating in many geographies may need to validate coverage early to avoid rollout gaps.
Fees and FX can add up
Costs can include transaction fees, withdrawal fees, and currency conversion spreads depending on how funds are received and moved. For high-volume or low-margin businesses, these charges can materially affect unit economics. Finance teams often need careful reconciliation to understand total cost per corridor and method.
Plan & Pricing
Pricing model: Pay-as-you-go (transaction & service fees; no standard subscription tiers) Free tier/trial: Permanently free account available; no time-limited trial listed on the official pricing page.
Key fees & notes (official Payoneer site):
-
Get paid
- From another Payoneer customer: FREE.
- Directly by your clients: Credit card — up to 3.99% (in certain countries an additional fixed fee of $0.49 may apply); ACH bank debits (US only) — 1%; PayPal (US only) — 3.99% + $0.49.
- Directly by marketplaces/networks: fees set by each marketplace; Payoneer receives funds from marketplaces (varies).
- Via receiving accounts (local USD/EUR/GBP, etc.): FREE when receiving in the local currency of your primary location; for other currencies a fixed fee OR 1% (depending on amount); minimum fees/territory exceptions may apply.
-
Pay & use funds
- Payments from Payoneer balance to another Payoneer account: up to 1% (for cross-country payments) with a minimum fee up to $4.00; payments in USD/EUR/GBP to recipients in the same country: flat fee up to $4.00 (USD/EUR/GBP respectively).
- Payments from balance to bank account (recipient without Payoneer): 1–4% of transaction amount (region & volume dependent).
- For US/UK/EU customers withdrawing/paying to local bank accounts (month-to-date up to 50,000 USD/GBP/EUR): $1.50 (USD), 1.50 EUR, 1.50 GBP per withdrawal/payment; over 50,000 in a calendar month: 0.5% of total withdrawal amount.
-
Card fees (Payoneer card / Commercial Mastercard):
- Card delivery (standard): FREE; express (DHL): $40.00.
- Annual card fee, first card: $29.95; additional cards: FREE.
- Currency conversion: UP TO 3.5%.
- Cross-border (merchant country differs from card-issuing country): UP TO 1.8%.
- ATM cash withdrawals (same currency as card): 3.15 USD / 2.50 EUR / 1.95 GBP + up to 1.8%; involving conversion: 3.15 USD / 2.50 EUR / 1.95 GBP + up to 3.5%.
- Balance inquiry: 1.00 USD / 0.87 EUR / 0.65 GBP.
- Card replacement: 12.95 USD / 9.95 EUR / 9.95 GBP.
-
Other fees
- Annual account fee: $29.95 — charged only if you receive less than $6,000 (or equivalent) in any 12 consecutive months (waived in first year if you’re on a paid annual plan where applicable).
- Escheatment fee: variable per state if required.
- Certain account types/regions may require an Annual Plan or a registration fee; applicable details are provided during registration.
Example costs:
- Credit card client payment: up to 3.99% (+ $0.49 in some countries).
- USD local withdrawal (<= $50k month-to-date): $1.50 per withdrawal.
- Annual account fee (if inactive/low receipts): $29.95 per year.
Discounts / volume pricing:
- Lower fees may be available for higher-earning customers and for large-volume withdrawals/payments; exact rates shown inside user account or on merchant integration pages.
Notes & source: Official Payoneer Fees page (last updated on page: April 1, 2025). Pricing varies by region/account type; Payoneer states that the fees shown are estimations and the exact fees applicable to an account are shown during registration and inside the user account.
Seller details
Payoneer Inc.
New York, NY, USA
2005
Public
https://www.payoneer.com/
https://x.com/Payoneer
https://www.linkedin.com/company/payoneer/
