Payoneer
VerifiedGlobal payment platform for freelancers and businesses to send, receive, and manage cross-border funds
- Deployment Cloud Based
- Starting price Free to open
- Free trial Not offered
- Best for Freelancers, Startups, SMEs
What is Payoneer?
Payoneer is a US-based financial technology company, founded in 2005, that lets freelancers and businesses receive international payments, hold multi-currency balances, and pay vendors or contractors around the world. Users get local receiving accounts in currencies such as USD, GBP, and EUR, can hold funds in 30+ currencies, and send payments in around 70 currencies, with integrations into marketplaces like Amazon, Upwork, and Fiverr.
Payoneer uses a transaction-based pricing model with no monthly subscription fee. An annual account fee of $29.95 applies only if an account receives less than $6,000 in a 12-month period. Receiving, sending, withdrawal, and currency conversion fees vary by payment method and corridor, typically ranging from free to about 4%, and are always shown before a transaction is confirmed. A Payoneer prepaid Mastercard is also available for spending balances directly.
Key Features of Payoneer
Payoneer lists 8 documented features, including Local receiving accounts in multiple currencies, Multi-currency balance holding in 30+ currencies and Send payments in around 70 currencies worldwide. The list below covers what the product does rather than how it is marketed.
- Local receiving accounts in multiple currencies
- Multi-currency balance holding in 30+ currencies
- Send payments in around 70 currencies worldwide
- Marketplace integrations including Amazon, Upwork, Fiverr, and eBay
- Invoicing tools allowing clients to pay without a Payoneer account
- Payoneer prepaid Mastercard for direct spending
- Batch and recurring payment scheduling
- Two-factor authentication and PCI-compliant security
Payoneer Pricing
Payoneer lists 4 plans without published figures. Pricing is quoted on request.
Standard Account
Free to open
$29.95 annual fee if receiving under $6,000/yr
No monthly subscription fee; transaction fees vary by method
Receiving (different country)
1%
Per transaction
Local currency receiving accounts are free
Credit card / PayPal payments
Up to 3.99% + $0.49
Per transaction
For client payments made by card or PayPal
Withdrawal (same currency)
$1.50 flat
Under $50,000/month
0.5% applies above $50,000/month; $4 flat fee under $400
Payoneer Specifications
Payoneer is available on web app and has iOS and Android apps. It offers an API.
- cloud based
- web app
- ios
- android
- freelancers
- startups
- smes
- agencies
- live support
- tickets
Payoneer Videos
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