For businesses that make payments overseas or freelancers doing business abroad
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 enjoy Payoneer’s safe and convenient system.
Pay and get paid with Payoneer
With Payoneer, freelancers can bill their clients and accept payments in more currencies, while businesses can pay overseas suppliers or send mass payments to contract workers. And Payoneer offers 24/7 customer support from a multi-lingual customer care team.
Payoneer is best for:
- Marketplaces and business owners who want to pay their contractors.
- Contractors and freelancers who want to receive payments.
- 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. 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, which comes 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.
- Escrow payments. Make secure B2B transactions with Payoneer’s escrow payments.
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|
|Local bank transfers||$20||No 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 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 A+ rating from the organization. However, its TrustScore with TrustPilot is a very low 1.7 out of 10. Many reviewers complain about the poor customer support, and some even claim their accounts were frozen and they were unable to withdraw their funds.
Customer service options include online messaging, live chat and telephone. You can reach Payoneer’s customer service at 800-251-2521 from 6 a.m. to 6 p.m. ET.