Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Payoneer Netherlands review

Both businesses and freelancers can take advantage of Payoneer to send and receive money globally.

Payoneer is a payments platform for marketplaces and business owners to pay contract workers, while freelancers can use it to receive payments easily. This review explores Payoneer in the Netherlands, including its features and fees, so you can decide if it’s right for your business.

How does Payoneer work?

Payoneer connects businesses with their customers for quick and easy payments. Businesses can request payments directly from their customers, who can then pay either by card or bank transfer. As a whole, a Payoneer account allows your business to manage both local and cross-border payments, making it a good choice for businesses that heavily use B2B transactions.

Pros & Cons

  • Convenient transaction methods. With quick bank transfers and the prepaid Mastercard, Payoneer makes it easy for you to access your funds.
  • International acceptance. Payoneer supports sending and receiving funds to and from more than 200 countries.
  • Multilingual support. Payoneer supports over 35 different languages.
  • High exchange rates. Payoneer typically charges 2% above mid-market rates when converting currencies, which can be lower than some banks but is generally higher than other online services.
  • Fees for receiving and withdrawing money. You may need to pay a fee for receiving and withdrawing money. Many money transfer services charge only for receiving or sending money, not both.

Is your business eligible for Payoneer?

You can typically qualify for a Payoneer business account if you are a freelancer, online seller, marketplace, enterprise or small-medium enterprise. If you’re unsure if your business qualifies, reach out to Payoneer’s customer support team for further clarification.

Key features of bunq Business

Payoneer has a range of features and benefits, including:

  • Receive payments. You can send a payment request and receive payments in your Payoneer account. Besides this, you can withdraw funds from an ATM or transfer them directly to your bank account.
  • Make payments. You can send and receive payments between Payoneer accounts for free.
  • Create invoices. Payoneer offers integrations with free invoice generating software.
  • Mobile app. Through Payoneer’s mobile app, you can send and receive payments on the go.
  • Send mass payments. Make mass payments to your freelancers in a few clicks.
  • Automated payments. Schedule regular payments with Payoneer’s automated payments feature.
  • Escrow payments. You can make secure B2B transactions with Payoneer’s escrow payments.

Fees and limits

Opening an account is free, but the subsequent fees vary depending on which services you use. Below, we’ve listed some of the most important fees that you should consider. For a complete list of the fees, visit the Payoneer website.

Make a Payment

Sending and receiving payments is free in your chosen currency for all Payoneer clients.

Global Payment Service

If you enroll in the Global Payment Service, Payoneer will provide you with receiving accounts in the following currencies:

  • USD US dollars
  • EUR Euros
  • GBP British pounds
  • JPY Japanese yen
  • AUD Australian dollars
  • CAD Canadian dollars
  • CNY Chinese yuan
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

When you use the Billing Service to receive payments, you’ll be charged depending on whether payments were made by credit card or eCheck.

  • Fees for payment via credit card (all currencies): 3% fee
  • Fees for payments via eCheck (USD): 1% fee
Marketplaces and networks

Marketplaces like Fiverr, Upwork, and Airbnb set their own fees for withdrawing payments. You can find these rates on the platform where you work.

You’ll pay a different fee depending on whether you’re 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.
  • If you’re moving money into your bank account in the same currency, you’ll pay €1.50 per transaction.

Do note that if you’re a high earner, you may have lower fees.

How to sign up with Payoneer

To use Payoneer, you’ll first need to sign up for an account.

  • To make a payment, have your recipient’s Payoneer email address on hand and transfer funds within your account limit. Your transfer will be complete within two hours. To check on your transfer, click “Payments History” under the “Account Activity” tab.

    Our verdict

    Payoneer is not a digital bank — this means it comes with limited or no savings tools and expense management features. If your business is looking for something that resembles a traditional digital banking service, then Payoneer might not be the right option for you. However, Payoneer’s range of features makes it suited to freelancers and marketplace businesses. Its quick transfers, intuitive mobile app and invoicing tools mean it is an attractive option to consider in the Netherlands.

    Opinions of Payoneer

    I’m happy with the help I got from the company. I wanted to connect my payoneer account with my paypal account. Speaking with the contact customer care team helped me get exactly what I was looking for.

    Excellent service provider, no competition.

    Payoneer is a trusted name in the marketplace of financial services, as it has been providing payment services as well as cross-border business solutions as well as settlement services to more than 240 countries. I have been using payoneer for a while and recently received payment from Amazon for my affiliate website. The transaction went very well and I got my payment in a reasonable time. All through the process, customer service was excellent. I would definitely recommend others to use payoneer.

    User ratings from trustpilot.com

    Compare business bank accounts in the Netherlands

    1 - 17 of 17
    Name Product Mobile View Business English Monthly fee Number of users Free monthly Euro transfer
    bunq Easy Money Business
    • Monthly fee

      € 10.99

    • Number of users

      25

    • Free monthly Euro transfer

      Not applicable

    € 10.99
    25
    Not applicable
    Benefit from multiple accounts, the ability to link your bookkeeping software, receipt linking, employee access, and simple payments.
    Revolut Business Free
    • Monthly fee

      € 0

    • Number of users

      Unlimited

    • Free monthly Euro transfer

      5

    € 0
    Unlimited
    5
    A business account with no monthly cost, designed for small teams. Keep 25+ currencies in your account and receive 5 free local transfers.
    N26 Business
    • Monthly fee

      € 0

    • Number of users

      10

    • Free monthly Euro transfer

      Unlimited

    € 0
    10
    Unlimited
    A convenient business account for freelancers. Benefit from cashback, spending categorisation and free foreign currency payments.
    Revolut Freelancer Free
    • Monthly fee

      € 0

    • Number of users

      Unlimited

    • Free monthly Euro transfer

      5

    € 0
    Unlimited
    5
    A multi-currency account where you can hold and Exchange 28 currencies. Buy virtual cards, a mobile app and an IBAN.
    bunq Easy Bank Business
    • Monthly fee

      € 4.99

    • Number of users

      1

    • Free monthly Euro transfer

      N/A

    € 4.99
    1
    N/A
    Enjoy zero FX fees on your overseas spending, plus send and receive instant payments with ease. Comes with a complimentary prepaid card.
    N26 Business You
    • Monthly fee

      € 9.90

    • Number of users

      10

    • Free monthly Euro transfer

      Unlimited

    € 9.90
    10
    Unlimited
    A premium business account with free foreign currency payments, cashback and a complimentary insurance package.
    Revolut Business Grow
    • Monthly fee

      € 25

    • Number of users

      Unlimited

    • Free monthly Euro transfer

      100

    € 25
    Unlimited
    100
    Receive Unlimited free team members, 100 free local transfers and exchange up to €10000 into 28 currencies at the real rate.
    N26 Business Metal
    • Monthly fee

      € 16.90

    • Number of users

      10

    • Free monthly Euro transfer

      Unlimited

    € 16.90
    10
    Unlimited
    The N26 Business Metal is a company account with which you get a metal bank card and 0.5% cashback on all your purchases.
    Revolut Business Scale
    • Monthly fee

      € 100

    • Number of users

      Unlimited

    • Free monthly Euro transfer

      1000

    € 100
    Unlimited
    1000
    A multi-currency account with Unlimited free team members included. Get a mobile app for all cardholders and virtual cards.
    bunq Easy Green Business
    • Monthly fee

      € 20.99

    • Number of users

      25

    • Free monthly Euro transfer

      N/A

    € 20.99
    25
    N/A
    An account with an exclusive stainless steel card. Help the environment – a tree will be planted for every € 100 you spend.
    Revolut Business Enterprise
    • Monthly fee

      € 1,000

    • Number of users

      Unlimited

    • Free monthly Euro transfer

      Unlimited

    € 1,000
    Unlimited
    Unlimited
    A premium account with unlimited transfers, exchange and more. Hold over 25 currencies and receive a local Euro and GBP account.
    N26 Business Smart
    • Monthly fee

      € 4.90

    • Number of users

      10

    • Free monthly Euro transfer

      Unlimited

    € 4.90
    10
    Unlimited
    Enjoy greater convenience as you manage your business finances with budgeting tools, spend statistics and other features offered by this premium plan.
    Revolut Freelancer Professional
    • Monthly fee

      € 7

    • Number of users

      Unlimited

    • Free monthly Euro transfer

      20

    € 7
    Unlimited
    20
    A professional account for up to Unlimited users. Hold and exchange 28 currencies, get user permissions, expense management and more.
    Revolut Freelancer Ultimate
    • Monthly fee

      € 25

    • Number of users

      Unlimited

    • Free monthly Euro transfer

      100

    € 25
    Unlimited
    100
    Take the hassle out of managing your business spending with fee-free international payments, interbank FX rates, live insights and more.
    Neat Business
    • Monthly fee

      € 0

    • Number of users

      1

    • Free monthly Euro transfer

      Unlimited

    € 0
    1
    Unlimited
    Multi-currency business account. Connect to your payment gateway, make worldwide transfers and manage budgets. Includes corporate cards.
    Rabobank ZZP account
    Rabobank ZZP account
    • Monthly fee

      € 0

    • Number of users

      1

    • Free monthly Euro transfer

      N/A

    € 0
    1
    N/A
    The Rabobank ZZP account is a free business account. You will receive a free debit card, you can apply for a credit card and as a starter you will receive a lot of extra benefits for the first six months.
    Rabobank Business Current Account
    Rabobank Business Current Account
    • Monthly fee

      € 5.30

    • Number of users

      1

    • Free monthly Euro transfer

      N/A

    € 5.30
    1
    N/A
    A business account at Rabobank, a renowned Dutch bank with a business bank card that you can use worldwide. Starting entrepreneurs receive start-up benefits.
    loading

    Compare up to 4 providers

    Disclaimer: The products listed on this page are not representative of the whole market.

    Frequently asked questions

    Back to top

    More guides on Finder

    Go to site