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Payoneer international payments

For businesses that make payments overseas or freelancers doing business abroad


Fact checked

Payoneer is an online payment platform that allows you to quickly and safely transfer money to more than 200 countries in more than 150+ currencies.

With Payoneer, you have the flexibility of receiving or making worldwide payments using your Payoneer account and the Payoneer Prepaid Mastercard. Load this Mastercard with funds from clients you’ve billed through Payoneer, using it like a credit card, or transfer these funds directly to your bank account. But be aware of the many associated fees of using the Payoneeer Mastercard.

Payoneer doesn’t charge for user accounts. Instead, it makes money when customers withdraw funds from their Payoneer account.

While some users consider the service’s limitations of sending funds a deal-breaker, those who frequently receive payments from foreign currencies may enjoy Payoneer’s safe and convenient system.

Send money internationally with Payoneer

Ideal for worldwide business payments to more than 200 countries and 150 currencies.

  • Payments to and from 200+ countries
  • Make payments to any Payoneer user
  • Free to sign up

Pay and get paid with Payoneer

With Payoneer, freelancers can bill their clients and accept payments in many currencies, while businesses can pay overseas suppliers or send mass payments to contract workers. Also, Payoneer offers extensive hours for customer support by phone from a multi-lingual customer care team. Additionally, you can contact support through live chat or message.

Payoneer is best for:

  • Marketplaces and business owners. Often used to pay their contractors, both domestically and overseas.
  • Contractors and freelancers. When working with overseas clients it is possible to receive payments through Payoneer.
  • Large international payments. Send or receive payments from 200+ countries.
  • Transfers within Payoneer’s network. It’s free to send and receive money through Make a Payment, and you’ll only pay fees when withdrawing or exchanging.

How much does it cost to use Payoneer?

Opening an account with Payoneer is free, and making payments through Payoneer’s Make a Payment service is free for transfers in USD, EUR, GBP and JPY. Getting paid directly from your customers does incur a fee: 3% for credit card payments and 1% for eChecks. Withdrawing funds from your Payoneer account also comes with a fee. Withdrawing money from your Payoneer account to a bank account in a different currency will cost you up to 2% of the amount you’re withdrawing. If you’re moving money into your bank account in the same currency you’ll pay $1.50 for the transaction.

What types of services does Payoneer offer?

  • Receive payments. Send a payment request and get paid in your Payoneer account. You can withdraw your funds at an ATM or transfer them directly to your bank account, both of which come with a fee.
  • Make payments. Send and receive payments between Payoneer accounts free of charge.
  • Send mass payments. Make mass payments to your freelancers.
  • Automated payments. Set up automated payments so you don’t have to worry about forgetting them in the future.
  • Escrow payments. Make secure B2B transactions with Payoneer’s escrow payment system.

Available currencies and countries

Payoneer supports transactions in more than 200 countries and supports more than 150 different currencies.

Minimum and maximum transfer limits

For the Billing Service, transfer limits vary by payment type. For Make a Payment, Payoneer may set different limits for your account based on earnings or other criteria.

Credit card payments$20$2,000
eCheck payments$20$5,000
Local bank transfers$20No limit
Make a Payment$50$25,000 daily limit with a $50,000 limit every 30 days

When using Payoneer’s Global Payment Service, there are no limits on receiving money, except in India. Customers in India are limited to $10,000 per transaction.

How does Payoneer work?

The first step is signing up for a free Payoneer account. Once you’ve registered and verified your account you can start sending and receiving payments. When you’re ready to withdraw the funds from your Payoneer account, you can transfer them to your personal bank account or withdraw the money at an ATM.

What is Payoneer?

Founded in 2005, Payoneer is a money transferring system partnered with Mastercard Incorporated and other companies that employ freelancers, making it a popular choice for small to medium-size businesses that regularly pay contractors. The service is used by 3 million users in more than 200 countries.

What do customers say?

Payoneer has been accredited with the Better Business Bureau since 2008 and gets an B+ rating from the organization. When we first reviewed this product in 2018, its TrustScore with TrustPilot was a very low 1.7 out of 10. Many reviewers complained about the poor customer support, and some even claimed their accounts were frozen and they were unable to withdraw their funds.

Trustpilot now rates Payoneer at 4.5 out of 5 stars, with over 15,000 reviews — the majority of which, over 9,000, were written in 2019.

Customer support

Customer service options include online messaging, live chat and telephone. You can reach Payoneer’s customer service at 800-251-2521 from Sunday at 8pm to Friday at 8pm EST.

Compare Payoneer to the competition

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1,000 1 day USD 0.00 0.88 EUR 4,401 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.88 EUR 4,401 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 1 Same day USD 0.00 0.885 EUR 4,425 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 2,000 1 day USD 0.00 0.88 EUR 4,401 $0 transfer fees with rates at never more than a 2% markup. Go to site Show details
USD 0 1 - 2 days USD 1.99 0.871 EUR 4,355 Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
USD 1 1 - 2 days USD 40.00 0.889 EUR
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 3.99 0.885 EUR 4,423 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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4 Responses

  1. Default Gravatar
    AqibMarch 26, 2020

    How much I have to pay for credit card

    • Default Gravatar
      nikkiangcoMarch 27, 2020

      Hi Aqib,

      Thanks for contact Finder. I hope you are well.

      When your Payoneer account includes a prepaid Payoneer MasterCard, it will charge an annual fee of $29.95. This is automatically debited to your account during your anniversary year as well.

      I hope this helps and feel free to reach out to us again for further assistance.


  2. Default Gravatar
    CuriosityAugust 8, 2018

    I would like to know if Payoneer works in my country Guyana. Can I receive money in Guyana using Payoneer? thanks.

    • Default Gravatar
      joelmarceloAugust 9, 2018

      Hi there,

      Thanks for leaving a question on finder.

      Yes. Payoneer works in Guyana and you will be able to send and receive money from there. :)


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