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Payoneer

  • What it is:Payoneer is a leading fintech company providing a cross-border payments and commerce platform that enables businesses, freelancers, and marketplaces to send and receive payments internationally.
  • Best for:Freelancers on platforms like Upwork/Fiverr, International e-commerce sellers, Businesses with global freelancer teams
  • Pricing:Free tier available, paid plans from 1%
  • Rating:88/100Very Good
  • Expert's conclusion:Despite some serious drawbacks, Payoneer is the preferred option for international freelancers and online marketplaces because of the flexibility offered by its payment options.
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Reviewed byMaxim Manylov·Web3 Engineer & Serial Founder

What Is Payoneer and What Does It Do?

Payoneer is a major player in fintech that provides a cross-border payments and commerce platform which allows businesses, freelancers and marketplace platforms to send and receive funds internationally, manage multiple currencies and have access to other financial products. Payoneer was founded in 2005 and has been a public entity since listing on the NASDAQ (PAYO). Today Payoneer has over one million active customers from all around the world and has over 25 global offices.

Active
📍New York, NY
📅Founded 2005
🏢Public
TARGET SEGMENTS
FreelancersSMBsMarketplacesEnterprisesE-commerce businesses

What Are Payoneer's Key Business Metrics?

👥
4M+
Customers
🏢
2000+
Employees
📊
25+
Global Offices
📊
17
Languages Supported
📊
$257M+
Total Funding Raised
📊
$2.46B
Market Cap
📊
190+
Countries Served
Rating by Platforms
4.5/ 5
G2 (500 reviews)
Regulated By
Gibraltar Financial Services Commission(EU (pre-Brexit))Central Bank of Ireland(EU)

How Credible and Trustworthy Is Payoneer?

88/100
Excellent

A well-established public fintech company that has operated for over 20 years, has a very robust and compliant global framework and has demonstrated scalability for millions of end-users using their cross-border payments product.

BREAKDOWN
Product Maturity95/100
Company Stability90/100
Security & Compliance92/100
User Reviews85/100
Transparency88/100
Support Quality85/100
TRUST SIGNALS
Publicly traded on Nasdaq (PAYO)20+ years operating history since 2005Serves 4M+ customers globally$2.4B+ market capitalizationRegulatory compliance across EU and global jurisdictions

What is the history of Payoneer and its key milestones?

2005

Company Founded

Founded by Yuval Tal with $2M seed funding to create cross-border payment solutions for digital businesses.

2007

Early Funding

$4M funding round led by 83North (Greylock Israel) with additional investors.

2016

Armor Payments Acquisition

Acquired internet escrow company Armor Payments to expand into B2B transactions.

2019

Optile Acquisition

Acquired German payments orchestration platform Optile to add merchant services.

2021

IPO via SPAC Merger

Went public on Nasdaq (PAYO) via reverse merger with $3.3B enterprise value.

2022

Payoneer Checkout Launch

Launched Checkout service for direct-to-customer online stores.

2023

Spott AI Acquisition

Acquired Israel-based AI data platform Spott for undisclosed sum.

2024

Skaud Acquisition

Acquired Singapore-based payroll/HR platform Skaud for $61M.

2025

Easylink Acquisition

Acquired Chinese payment provider Easylink Payment Co. for undisclosed sum.

Who Are the Key Executives Behind Payoneer?

John Caplan— CEO
Served as President prior to becoming CEO, with extensive experience in payments and fintech leadership guiding Payoneer's public transition and growth.. LinkedIn
Yuval Tal— Founder & Board Member
Co-founder and original CEO who established Payoneer in 2005 and continues strategic oversight as board member.. LinkedIn
A.G. Sahota— CFO
Chief Financial Officer overseeing Payoneer's financial strategy and public company operations post-IPO.
Dana Fischel— Chief Compliance Officer
Leads global regulatory compliance and risk management for cross-border financial services.

What Are the Key Features of Payoneer?

✨
Multi-Currency Accounts
Hold, manage, and convert 9+ currencies locally with competitive FX rates for international business.
✨
Cross-Border Payments
Send and receive payments in 190+ countries with local receiving accounts that appear domestic to clients.
✨
Mass Payouts
Distribute payments to suppliers, affiliates, and contractors worldwide via API or dashboard.
🔗
Marketplace Integrations
Seamless integrations with Amazon, Shopify, Upwork, Fiverr and 2,000+ platforms for automated payouts.
✨
Payoneer Checkout
Accept customer payments globally with payment orchestration for DTC e-commerce stores.
💳
Business Mastercard
Withdraw earnings via physical/virtual Mastercard accepted worldwide including ATMs.
✨
Tax Automation
Automated tax form generation and compliance for international payments.

What Technology Stack and Infrastructure Does Payoneer Use?

Infrastructure

Cloud-based multi-region architecture with 25+ global offices

Technologies

REST APIsJSON/XMLOAuth 2.0PCI DSSSSL/TLS

Integrations

AmazonShopifyUpworkFiverrWisheBayAirbnbRakuten

AI/ML Capabilities

AI-powered fraud detection, payment optimization, and data analytics through recent Spott AI acquisition

Based on official documentation, API references, and acquisition announcements

What Are the Best Use Cases for Payoneer?

Freelancers & Independent Contractors
Receive payments from international clients in their local currency equivalent with low fees and rapid settlement times (1-2 days).
E-commerce Sellers on Marketplaces
Receive Payouts automatically from Amazon, eBay, Shopify with Multi-Currency Settlement and Tax Compliance.
SMBs with Global Suppliers
Pay Suppliers in 190+ countries using Local Bank Transfers that will show up as Domestic Payments.
Digital Marketing Agencies
Manage Affiliate Payouts and Ad Platform Earnings across Multiple Currencies easily.
Content Creators
Monetize income from platforms such as Upwork, Fiverr, Patreon etc. with Easy Withdrawal Options Worldwide.
NOT FORHigh-Volume Cash Transactions
Not Suitable - focused on Digital Cross-Border B2B/B2C; not optimized for Cash Handling.
NOT FORHighly Regulated Financial Institutions
Limited Direct Applicability - Better Suited for Business Payments than Institutional Treasury Operations.

How Much Does Payoneer Cost and What Plans Are Available?

Pricing information with service tiers, costs, and details
☐Service$CostℹDetails🔗Source
Account OpeningFreeNo cost to create and maintain active accountOfficial Payoneer site
Receiving funds via Global Payment Service (marketplaces/partners)FreeUSD, EUR, GBP, etc. from supported partnersOfficial pricing page
Receiving ACH payments (USD)1%U.S. ACH payments to USD receiving accountThird-party analysis
Request Payment via Credit Card3.2% + $0.49 per transactionClient payments by credit cardThird-party analysis
Payoneer to Payoneer transfersFreeTransfers between Payoneer usersOfficial and third-party sources
Withdraw to local currency bank (same currency balance)$1.50 (USD/EUR/GBP) or equivalentFlat fee per withdrawal; HKD example HK$12Official pricing page
Withdraw to bank (high volume >$50k/month)0.5%For USD/GBP/EUR withdrawals over $50,000 cumulative monthlyOfficial pricing page
Withdraw to bank (currency conversion)Up to 3%Withdrawals requiring FX conversion; min fee may applyOfficial pricing page
ATM Withdrawal (from Mastercard)$3.15 per transactionPlus possible ATM operator feesPayoneer resources
Annual Mastercard fee$29.95Per physical or virtual card annuallyOfficial and third-party sources
Account Inactivity fee$29.95/yearIf less than $2,000 USD equivalent received in 12 monthsOfficial pricing page
Free TrialAvailableFree trial offered; check website for detailsGetApp
Account OpeningFree
No cost to create and maintain active account
Official Payoneer site
Receiving funds via Global Payment Service (marketplaces/partners)Free
USD, EUR, GBP, etc. from supported partners
Official pricing page
Receiving ACH payments (USD)1%
U.S. ACH payments to USD receiving account
Third-party analysis
Request Payment via Credit Card3.2% + $0.49 per transaction
Client payments by credit card
Third-party analysis
Payoneer to Payoneer transfersFree
Transfers between Payoneer users
Official and third-party sources
Withdraw to local currency bank (same currency balance)$1.50 (USD/EUR/GBP) or equivalent
Flat fee per withdrawal; HKD example HK$12
Official pricing page
Withdraw to bank (high volume >$50k/month)0.5%
For USD/GBP/EUR withdrawals over $50,000 cumulative monthly
Official pricing page
Withdraw to bank (currency conversion)Up to 3%
Withdrawals requiring FX conversion; min fee may apply
Official pricing page
ATM Withdrawal (from Mastercard)$3.15 per transaction
Plus possible ATM operator fees
Payoneer resources
Annual Mastercard fee$29.95
Per physical or virtual card annually
Official and third-party sources
Account Inactivity fee$29.95/year
If less than $2,000 USD equivalent received in 12 months
Official pricing page
Free TrialAvailable
Free trial offered; check website for details
GetApp
💡Pricing Example: Freelancer receives $1,000 USD from US client via ACH and withdraws to local USD bank
ACH Receive + USD Withdrawal$16.50 total
1% ACH ($10) + $1.50 withdrawal fee + 1.5% FX if applicable
Credit Card Request + Withdrawal$35.19 total
3.2% + $0.49 ($32.49) + $1.50 + 1% FX estimate ($1.20)
💰Savings:Save using Payoneer-to-Payoneer transfers (0% fee) or marketplace receives (free)

How Does Payoneer Compare to Competitors?

FeaturePayoneerPayPalWiseSkrill
Multi-currency receiving accountsYes (USD/EUR/GBP/AUD/CAD+)YesYesPartial
Payments to other usersFree2.9% + $0.300.4-1%1.9%
Bank withdrawals (local currency)$1.50 flat or 0.5-3%Up to 5% + FX0.4-1%1-2.99%
ATM card withdrawals$3.15 + FX$5 + 2.5%$1.50 + 2%$2.50 + FX
Annual/inactivity fees$29.95 if inactive <$2k$0 (personal)$0$0
Free tier availabilityNo (account free if active)Personal freeNo (pay per transfer)No
Enterprise features (mass payments)YesYesYes (BatchTransfer)Yes
API availabilityYesYesYesYes
Integration count (marketplaces)200+ManyLimitedGaming/ecommerce focus
Support optionsEmail/Chat/24hr businessPhone/ChatEmail/ChatEmail/Ticket
Multi-currency receiving accounts
PayoneerYes (USD/EUR/GBP/AUD/CAD+)
PayPalYes
WiseYes
SkrillPartial
Payments to other users
PayoneerFree
PayPal2.9% + $0.30
Wise0.4-1%
Skrill1.9%
Bank withdrawals (local currency)
Payoneer$1.50 flat or 0.5-3%
PayPalUp to 5% + FX
Wise0.4-1%
Skrill1-2.99%
ATM card withdrawals
Payoneer$3.15 + FX
PayPal$5 + 2.5%
Wise$1.50 + 2%
Skrill$2.50 + FX
Annual/inactivity fees
Payoneer$29.95 if inactive <$2k
PayPal$0 (personal)
Wise$0
Skrill$0
Free tier availability
PayoneerNo (account free if active)
PayPalPersonal free
WiseNo (pay per transfer)
SkrillNo
Enterprise features (mass payments)
PayoneerYes
PayPalYes
WiseYes (BatchTransfer)
SkrillYes
API availability
PayoneerYes
PayPalYes
WiseYes
SkrillYes
Integration count (marketplaces)
Payoneer200+
PayPalMany
WiseLimited
SkrillGaming/ecommerce focus
Support options
PayoneerEmail/Chat/24hr business
PayPalPhone/Chat
WiseEmail/Chat
SkrillEmail/Ticket

How Does Payoneer Compare to Competitors?

vs PayPal

Payoneer focuses on Freelancers/Marketplace Sellers with Free Receives from Partners and Lower Foreign Exchange (2% vs PayPal 3-4%); however PayPal has Broader Consumer Recognition and Buyer Protection. Payoneer Cheaper for B2B Cross-Border.

Payoneer is better for international freelancers/ecommerce; PayPal is better for consumer ecommerce.

vs Wise

Wise Offers Superior Transparent Foreign Exchange (0.4-1% vs Payoneer up to 3%) and No Inactivity Fees; however Wise Lacks Marketplace Integrations and Receiving Accounts. Payoneer Better for Platform Payouts.

Wise is for transferring money only; Payoneer is for the receiving of funds through marketplaces.

vs Skrill

Similar to Payoneer for Digital Wallet/Gaming; however Payoneer Has More Currencies and Lower User-To-User Fees (Free vs 1.9%); however Skrill Is Stronger in Crypto/Gambling Niches.

Payoneer is best for freelancing generally; Skrill is best for gaming/crypto.

vs Stripe

Stripe is best suited as an API for developers/ecommerce (2.9% + 30¢) whereas Payoneer specializes in the transfer of funds and receiving funds without having a merchant account. Payoneer is less expensive when it comes to transferring funds that are not by credit/debit cards.

Stripe is best for processing payments; Payoneer is best for making cross border payouts.

What are the strengths and limitations of Payoneer?

Pros

  • Receive funds free from over 200 marketplaces — Payments from Amazon, Upwork, Fiverr will come with no additional charges.
  • Local multi-currency bank accounts — Receive your pay in your chosen currency (USD/EUR/GBP) as you would receive your paycheck locally, without having to provide your bank account information.
  • Free Payoneer to Payoneer Transfers — Transfer funds to other users around the world at 0% fees.
  • Lower fixed fees for withdrawing — Same-currency bank transfers have a lower flat fee of $1.50 compared to percentage-based fees.
  • Available is a Physical Mastercard — Withdraw cash at ATMs and make purchases using your POS card worldwide.
  • Fast Global Payouts — Make large amounts of payments to freelancers hired internationally in bulk.
  • No Monthly Fees — No monthly fees will be charged unless your account has been inactive for the past year ($2K or less).

Cons

  • Inactive Account Fee — If your account activity has been low ($2,000 or less in the last year) you will be charged $29.95 as your inactivity fee.
  • Higher FX Markup up to 3% — Converting currencies to another currency can result in a higher markup than Wise.
  • Requesting a Credit Card via Payment Can Be Expensive — 3.2% + $0.49 is taken out of small invoices.
  • ATM Fees Add Up — The withdrawal fee of $3.15 is just the beginning, there may be additional fees from the ATM provider as well.
  • Annual Card Fee — $29.95 is required every year to keep your physical/virtual MasterCard valid.
  • Lacking Transparency Before Sign-up — Many of the fees associated with Payoneer can be found by reading reviews from users who signed up for Payoneer's services.
  • Restrictions on Card Use in Certain Countries — Some countries (India) do not allow for use of the Mastercard issued by Payoneer.

Who Is Payoneer Best For?

Best For

  • Freelancers on platforms like Upwork/Fiverr — Receive Funds From 200+ Marketplaces Without Fees — Receiving payments from 200+ supported marketplaces directly into your local currency account without being charged a fee.
  • International e-commerce sellers — Receiving Money in Multiple Currencies — Allows you to receive money in multiple currencies similar to how you would receive money from a local bank account.
  • Businesses with global freelancer teams — Free P2P Transfers and Mass Payout Features — Reduces overall cost of sending and receiving payments.
  • Digital service providers (50+ payments/month) — $1.50 is Economical to Withdraw at Volume; Exceeds Inactivity Threshold.
  • Exporters/importers avoiding bank wires — Better competitive rates compared to traditional SWIFT transfer options (high volume = up to 0.5%)

Not Suitable For

  • Infrequent receivers (<$2k/year) — The annual inactivity fee of $29.95 may be applied. Compare rates with Wise and/or consider using a direct bank transfer option.
  • High-volume currency converters — The high-volume exchange rate markup (up to 3%) makes it expensive. Look into Wise (0.5%) or Revolut instead.
  • India-based Mastercard users — There are no physical cards available; there are limited alternatives available.
  • Cash-heavy small businesses — $3.15 + ATM + FX fees associated with withdrawing funds from an ATM. Local banking would be a better alternative.

Are There Usage Limits or Geographic Restrictions for Payoneer?

Inactivity threshold
$2,000 USD equivalent received per 12 months to avoid $29.95 fee
Annual Mastercard fee
$29.95 per physical/virtual card
ATM withdrawal limit
$3.15 per transaction + operator fees + 3.5% FX
FX markup
Up to 2-3% above mid-market rate on conversions
Credit card request fee
3.2% + $0.49 USD per transaction
ACH receiving fee
1% for USD ACH payments
Card availability
Mastercard unavailable in India and select regions
Geographic restrictions
Enhanced scrutiny for high-risk countries; services vary by region
Verification requirements
ID verification required for withdrawals above thresholds

Is Payoneer Secure and Compliant?

PCI DSS ComplianceLevel 1 PCI compliant for card processing security
Data EncryptionSSL/TLS encryption for all data in transit; funds held in segregated accounts
Two-Factor AuthenticationMandatory 2FA for login, withdrawals, and sensitive actions
Anti-Fraud Monitoring24/7 real-time transaction monitoring and risk assessment
Regulated Financial InstitutionLicensed as Money Services Business (MSB) in US; e-money institution in EU
GDPR ComplianceEU data protection compliant with DPA available for customers
Fund ProtectionClient funds segregated from company funds; insured up to regulatory limits
Audit LoggingComplete transaction history and activity logs retained for compliance

What Customer Support Options Does Payoneer Offer?

Channels
Multiple numbers: US toll-free (800) 251-2521, International (646) 658-3113, UK (+44 204 579 3884), available Mon-Fri 2am-9pm ESTcustomerservicemanager@payoneer.com, responses within 24-48 hours24/7 via payoneer.custhelp.com/app/ask24/7 at payoneer.custhelp.com/app/ask
Hours
Mon-Fri 2am-9pm EST for phone, 24/7 for chat and web form
Response Time
Emails 24-48 hours, phone average 4 minutes, complaints acknowledged within 3 working days if not resolved immediately
Satisfaction
1.4/5 from PissedConsumer reviews, 17% issue resolution rate on calls
Specialized
24/7 support in 35+ languages, dedicated complaint resolution process
Business Tier
Same channels for all users, no tiered priority mentioned
Support Limitations
•No phone support on weekends or holidays
•Emails processed slower than phone
•Longest phone wait times on Wednesdays
•May not investigate trivial or vexatious complaints
•Low customer satisfaction ratings in reviews

What APIs and Integrations Does Payoneer Support?

API Type
REST API for payments, payouts, and account management
Authentication
API keys, OAuth 2.0, JWT tokens
Webhooks
Supported for payment events, payout status updates, and account notifications
SDKs
Official SDKs for PHP, Java, .NET, Python, Node.js; community libraries available on GitHub
Documentation
Comprehensive developer portal at developer.payoneer.com with guides, API references, and code samples
Sandbox
Test environment available for sandbox accounts with simulated transactions
SLA
99.9% uptime guarantee for API services, monitored via status.payoneer.com
Rate Limits
Tiered limits: 100 calls/minute for standard, higher for enterprise volumes
Use Cases
Mass payouts to freelancers, marketplace payments, receiving international payments, balance management

What Are Common Questions About Payoneer?

Payoneer offers its users local bank account details in 9+ currencies to enable other clients to send you funds as if you were local. Once those funds are received, they can be either withdrawn to your bank account, spent with Payoneer's card, or transferred to another individual. Additionally, Payoneer supports many online marketplace sites such as Amazon and Upwork.

Sign-up is free and there are no charges associated with receiving payments through the partner network. The payment fees range from 0-3% depending upon the type of transaction; ATM withdrawal fee is $1.50, and currency conversion fee is 2%. However, there are monthly fees to own a physical MasterCard ($29.95). The business model is a pay-per-use model, with no ongoing monthly fees.

Payoneer’s focus is on facilitating cross-border B2B payments utilizing multi-currency receiving accounts with reduced fees for freelancers and marketplaces. On the other hand, PayPal is a better option for domestic e-commerce businesses. In addition, Payoneer offers a physical card and better wire transfer rates internationally.

Yes. Payoneer is PCI-DSS compliant. Payoneer utilizes 256-bit SSL encryption. Payoneer utilizes two-factor authentication. Payoneer has obtained SOC 2 Type II certification. Payoneer is registered and regulated as a Money Transmitter in the United States. Payoneer is an authorized E-Money Institution in the European Union.

Yes. Payoneer has a robust REST API and SDKs for custom integration opportunities. Payoneer also supports mass payouts for online marketplaces and platforms. A sandbox environment is provided for testing.

Payoneer offers 24/7 live chat and email support through a web-form submission. Payoneer offers customer service by telephone Monday – Friday, 2 am – 9 pm EST. Payoneer responds to emails within 24-48 hours. Telephone is generally the fastest method of communication with multiple international phone numbers available.

Trial is not required — sign-up is free and usage begins immediately. No minimum balance is required to create a Payoneer account nor does there need to be an ongoing subscription. Transaction-related fees are assessed only when transactions occur.

The minimum amount that can be withdrawn to a bank account is $50. Cards will expire every 3 years. Bank transfers are only possible in certain countries. The availability of physical cards is limited to approved countries.

Is Payoneer Worth It?

Payoneer is an international payment provider that offers services to freelance professionals, online retailers, and marketplaces in 200+ countries. It has no peer when it comes to allowing international sellers to receive payments from their clients in multiple currencies, or when it comes to enabling the payment of suppliers in multiple countries. Although the customer service is among the worst in terms of satisfaction, and although fees may be higher than those charged by most local banks, Payoneer is necessary for companies that operate internationally.

Recommended For

  • Freelance workers, including independent contractors who work on Upwork, Fiverr, and Amazon
  • Retailers who sell products to people in other countries
  • Platforms that allow for a large number of people to pay suppliers
  • Small to medium-sized businesses (SMBs) that need to accept payments in many different currencies

!
Use With Caution

  • People looking for reliable customer service--Payoneer reviews are generally terrible.
  • Businesses that do not have international customers -- they will pay more for a payment processing service than they would at a local bank.
  • Investors and traders who send money to other countries and have a lot of transactions per month -- Payoneer has very bad exchange rates.

Not Recommended For

  • Companies based in the United States that want to use ACH and/or a bank instead of paying a payment processing fee -- both methods are cheaper.
  • People who are trying to save money and avoid paying any fees at all -- Payoneer charges a fee for almost every transaction.
  • People who need help quickly -- Payoneer does not offer 24/7 phone support.
Expert's Conclusion

Despite some serious drawbacks, Payoneer is the preferred option for international freelancers and online marketplaces because of the flexibility offered by its payment options.

Best For
Freelance workers, including independent contractors who work on Upwork, Fiverr, and AmazonRetailers who sell products to people in other countriesPlatforms that allow for a large number of people to pay suppliers

What do expert reviews and research say about Payoneer?

Key Findings

Payoneer specializes in providing international payment options for freelancers and marketplaces, which allows them to receive payments from anywhere in the world in 9+ currencies. The company also provides a restful API, SDKs, and mass payments. However, Payoneer's customer service has received a 1.4/5 rating and resolving issues often takes a long time. Its strong partnerships with many marketplaces (including Amazon and Upwork), as well as compliance with various regulations, provide Payoneer with a strong foothold in the global payment space for small to medium-sized businesses.

Data Quality

Good - detailed info from official support pages and disclosures, user reviews from PissedConsumer/BBB provide satisfaction insights. Some API details from developer documentation. No recent financials as private company.

Risk Factors

!
Low customer support satisfaction ratings and slow issue resolution.
!
Fees for international payments can be high if you're sending a lot of money.
!
There are restrictions on withdrawing funds to certain countries and in certain currencies.
!
Payoneer receives mixed reviews on several complaint websites.
Last updated: January 2026

What Additional Information Is Available for Payoneer?

Marketplace Partnerships

Payoneer is integrated with Amazon, Upwork, Fiverr, Airbnb, and ClickBank. This allows sellers to receive payments through these platforms seamlessly. In addition to handling billions of dollars worth of marketplace payments each year, Payoneer provides these platforms with a way to handle international payments.

Global Reach

The company has local receiving accounts in USD, EUR, GBP, JPY, CAD, AUD, CNH, BRL, MXN in over 190 countries worldwide. Additionally, the firm also supports 150+ currencies for payouts.

Awards & Recognition

PAYONEER was named one of the fastest growing technology firms globally on the 2017 Deloitte Technology Fast 500 as well as a top fintech firm globally in the 2018 Forbes Fintech 50. PAYONEER currently serves over 5 million users who collectively process over $100 billion annually.

Case Studies

PAYONEER has enabled freelancers to receive payments from 200+ countries, allowed marketplaces to scale their global payouts and enabled SMBs to reduce their foreign exchange (FX) costs by up to 50% when utilizing local accounts.

Company Scale

PAYONEER is publicly traded (NASDAQ: PAYO), operates multiple offices in the United States, European Union, Israel, India and Australia and employs over 2,000 people that serve freelancers, small and medium-sized businesses (SMBs) and large enterprises.

Compliance

PAYONEER is licensed as a U.S. Money Transmitter, an E-Money Institution in the European Union, holds PCI DSS Level 1 certification, and maintains SOC 2 Type II compliance protecting over $60 billion in annual transactions.

What Are the Best Alternatives to Payoneer?

  • •
    Wise (TransferWise): This platform is great for those who are looking to send low cost international transfers at mid-market FX rates. It is better suited for peer-to-peer and bank transfers than marketplace receiving and is best for those that make infrequent cross border payments and need transparency in their transactions. (wise.com)
  • •
    PayPal: This platform is user friendly and provides buyer protection as well as an e-commerce focus. However, this platform charges higher fees for international transfers (typically 4%+) and offers less currency options compared to other platforms. Overall it is best for domestic sales and/or small transactions. (paypal.com)
  • •
    Stripe Connect: Payouts for marketplaces through developer first platform are supported by PAYONEER. However, this platform is more costly for non-USD (typically 2%+) and requires developers to write code to utilize the services offered by PAYONEER. This platform is best for SaaS platforms that are building out custom payment flows. (stripe.com)
  • •
    Tipalti: PAYONEER specializes in enterprise mass payout solutions with tax compliance built-in. While this platform can be very beneficial for large companies, it typically comes at a much greater cost and will require more time and effort to set up. This platform is best for companies that have a lot of 1099s and global contractors. (tipalti.com)
  • •
    Skrill: PAYONEER has similar functionality to Skrill for freelancers and gaming. However, PAYONEER has higher withdrawal fees and fewer marketplace integrations. This platform may be the most suitable option for those who need to make payments in Europe and require cryptocurrency options. (skrill.com)

Transfer Metrics

200+
Countries Supported
70+
Currencies Supported
1-3 days
Average Transfer Speed
$10B+
Monthly Volume

How Are Fees Structured for Payoneer?

Payoneer to Payoneer
Free
ACH Receiving (USD)
1%
Credit Card Receiving
3%
FX Markup
0.5%-3%
Local Bank Withdrawal
$1.50
Inactivity Fee
$29.95/year

What Payment Methods Does Payoneer Support?

Bank TransferACHCredit CardDebit CardeCheckeWallet

Payout Options

OptionFeeAvailability
Local Bank Deposit$1.50 (same currency)Global
Payoneer to PayoneerFreeGlobal
Non-local BankUp to 3%Global
Payoneer CardUp to 3.5% FXSupported countries

Compliance & Licensing

Global Money Transmitter LicensesMultiple jurisdictions
PCI DSS CompliantLevel 1
AML/KYC ProgramAutomated verification
FCA RegulationUK EMD License

Business Features

Multi-currency Accounts

Local Receiving Accounts

Batch Payments

API Integration

Mass Payouts

Marketplace Integrations

Currency Coverage

Receiving Currencies
USD, EUR, GBP, CAD, AUD +70
Send Currencies
50+
Top Corridors
USD-EUR, USD-GBP, USD-INR
Local Rails
ACH, SEPA, FPS
FX Rates
Competitive +0.5-3% markup

Transfer Tracking

Real-time Status Updates
Yes
Email Notifications
Yes
App Notifications
Yes
Transaction History
12+ months
Detailed Reporting
Yes

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