- Fees for receiving money<\/a><\/li>
- Fees for withdrawing money<\/a><\/li><\/ul>
Make a Payment<\/h5>
Through \u2018Make a Payment\u2019, making and receiving payments as a Payoneer customer is free.<\/p>
Global Payment Service<\/h5>
If you enroll in the Global Payment Service, Payoneer will give you receiving accounts for the following currencies:<\/p>
- CAD<\/strong> Canadian dollars<\/li>
- USD<\/strong> US dollars<\/li>
- EUR<\/strong> Euros<\/li>
- GBP<\/strong> British pounds<\/li><\/ul><\/div>
- JPY<\/strong> Japanese yen<\/li>
- AUD<\/strong> Australian dollars<\/li>
- CNY<\/strong> Chinese yuan<\/li><\/ul><\/div><\/div>This means businesses in these countries can pay you as if you had a local bank account. There are no fees to receive money in any of the above currencies except for US dollars, which can be anywhere between 0-1%.
Receive payments from customers<\/h5>
When you use the Billing Service to receive payments, you\u2019ll pay different fees for payments made by credit card or eCheck.<\/p>
- Via credit card (all currencies): 3% fee<\/li>
- Via eCheck (USD): 1% fee<\/li><\/ul>
Marketplaces and networks<\/h5>
Marketplaces like Fiverr, Upwork and Airbnb set their own fees for withdrawing payments. You can find these rates on the platform where you work.<\/p><\/div>
You\u2019ll pay a different fee depending on whether you\u2019re withdrawing the funds in the same currency or in a different currency.- Withdrawing money from your Payoneer account to a bank account in a different currency will cost you up to 2% above the mid-market rate.<\/li>
- If you\u2019re moving money into your bank account in the same currency, you\u2019ll pay $1.50 for the transaction.<\/li><\/ul>
If you\u2019re a high earner, you may have lower fees.<\/p><\/div><\/div><\/div><\/article>
What types of transfers does Payoneer accept?<\/h3>
You can send payments using the following methods:<\/p>
- Credit card<\/li>
- eCheck<\/li>
- Local bank transfer<\/li><\/ul>
Usually, the payee will receive the payment in their Payoneer account in under two hours. To withdraw funds from your Payoneer account, you can use the following:<\/p>
- Prepaid Mastercard from Payoneer<\/li>
- Local bank transfer<\/li><\/ul>
All these transactions will be processed online as Payoneer doesn\u2019t have any physical branches.<\/p>
Is Payoneer safe to use?<\/h3>
- Security and regulation:<\/strong> Payoneer is regulated and compliant with multiple financial regulators around the world.<\/li>
- Established:<\/strong> 2005.<\/li><\/ul><\/div>
- Number of customers:<\/strong> Four million* users.<\/li>
- Reviews:<\/strong> Trustpilot gives Payoneer a score of 9.2* out of 10, based on over 3,500 reviews.<\/li><\/ul><\/div><\/div>*According to Payoneer and Trustpilot on 26 October 2018.<\/small><\/div><\/article><\/div>
Payoneer is licenced in Canada with FINTRAC ( the Financial Transactions and Reports Analysis Center of Canada), which means they are required to have risk management systems in place as well as disclosure obligations.<\/p>
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- Reviews:<\/strong> Trustpilot gives Payoneer a score of 9.2* out of 10, based on over 3,500 reviews.<\/li><\/ul><\/div><\/div>*According to Payoneer and Trustpilot on 26 October 2018.<\/small><\/div><\/article><\/div>
- Established:<\/strong> 2005.<\/li><\/ul><\/div>
- Security and regulation:<\/strong> Payoneer is regulated and compliant with multiple financial regulators around the world.<\/li>
- AUD<\/strong> Australian dollars<\/li>
- USD<\/strong> US dollars<\/li>
- Fees for withdrawing money<\/a><\/li><\/ul>