Payoneer

What is payoneer

Payoneer is a financial services platform that enables businesses, marketplaces, freelancers and online sellers to receive and send cross-border payments. The platform issues local receiving accounts in key currencies, supports payouts to local bank accounts in over 150 currencies, and provides a multi-currency online balance and prepaid card options for accessing funds.

Users connect Payoneer to marketplaces, client invoicing flows, and B2B payment partners to centralize incoming payments and convert or withdraw funds to local banks. Payoneer also offers mass-payout solutions for platforms and APIs for automating payables, making it a common choice for companies that need to move funds internationally without maintaining local bank accounts in every jurisdiction.

Payoneer positions itself between traditional correspondent banking and simple remittance services by focusing on platform integrations, compliance for cross-border flows, and operational scalability for high-volume payers and payees. That positioning makes Payoneer useful both for individual contractors managing client receipts and for enterprise marketplaces managing thousands of payees.

Payoneer features

What does Payoneer do?

Payoneer provides several core capabilities for cross-border money movement and treasury management:

• Global receiving accounts: Local-style USD, EUR, GBP (and other currency) receiving account details that let users receive payments from US companies, EU companies and UK companies as if they had a local bank account.
• Multi-currency balance: Hold funds in multiple currencies, view balances, and convert between currencies using Payoneer’s FX services.
• Withdrawals to local bank accounts: Withdraw funds from Payoneer balances to a linked local bank account in local currency.
• Mass payouts and marketplace payments: Tools and APIs for platforms to pay large groups of recipients globally in a single workflow.
• Prepaid card and local access: Optional Payoneer card for ATM withdrawals and in-person/online payments where supported.
• Invoicing and billing: Create and send invoices to clients and receive payment directly into Payoneer balances.
• Compliance and tax-ready reporting: Built-in know-your-customer (KYC) workflows, tax document handling, and transaction reports for bookkeeping.

Beyond these, Payoneer includes features such as beneficiary management, payment scheduling, payment tracking and reconciliation tools for finance teams integrating Payoneer into their payables processes. The product set is focused on reducing friction for international payees while giving payers a simpler way to execute cross-border disbursements.

Payoneer pricing

Payoneer offers these pricing plans:

• Free Plan: $0/month for a standard receiving and payout account with transaction fees applied
• Payoneer for Businesses: Transaction-based pricing with volume discounts; custom for large clients
• Mass Payouts: Custom pricing based on payout volume and currency mix
• Enterprise: Custom enterprise agreements and integration fees for large marketplaces and platforms

Most Payoneer services are delivered on a transaction-fee basis rather than flat monthly subscriptions. Common fee types include currency conversion margins, withdrawal fees to local banks, and card-related fees. Check Payoneer’s fee schedule in the official Payoneer fee documentation for region-specific rates and exact figures.

Payoneer also negotiates bespoke pricing for high-volume customers and platforms that use the Mass Payouts or Enterprise service. Those agreements typically bundle lower FX margins, reduced withdrawal fees and service-level commitments.

View Payoneer’s fee schedule and regional pricing on Payoneer’s official fee pages to confirm current rates and any promotional offers for new clients.

How much is payoneer per month

Payoneer starts at $0/month for a standard account. There is no recurring subscription fee for most personal and small business accounts; cost is incurred through transaction fees (receiving, conversion, withdrawal) and optional card fees. For platform customers, Payoneer’s Mass Payouts or Enterprise solutions are priced on contract and may include monthly or per-integration charges.

How much is payoneer per year

Payoneer costs $0/year for a standard account with no annual subscription fee. Annual cost for any given user depends on transaction volume, number of withdrawals, currency conversions and whether the user opts into a physical card or other paid services. Enterprise and high-volume arrangements may include annual service fees as part of a negotiated contract.

How much is payoneer in general

Payoneer pricing ranges from $0 (account setup) to transaction-based fees that vary by corridor and service. In practice, most individual users pay a mixture of fixed withdrawal charges and FX margins on conversions; businesses and marketplaces typically move to contract pricing that lowers per-transaction costs as volume increases. To calculate expected annual costs, multiply your projected number of withdrawals and conversions by the fees listed in Payoneer’s regional fee tables.

What is payoneer used for

Payoneer is used to receive international client payments, consolidate revenue from multiple marketplaces, and pay contractors globally. Freelancers and consultants commonly use Payoneer to accept payments from US-based clients using a USD receiving account, or to collect payments from marketplaces like Amazon, Upwork and Fiverr. Businesses and marketplaces use Payoneer to process mass payouts and automate payments to distributed sellers or gig workers.

The platform is also used for treasury-lite functions: holding balances in several currencies, converting funds when rates are favorable, and making scheduled outbound bank transfers to local accounts. For online sellers who receive proceeds in foreign currencies, Payoneer reduces the need to set up bank accounts in multiple countries.

Finally, Payoneer is used by payment service integrators and ISVs through its APIs for automating onboarding, validating recipients, running bulk payouts, and integrating reconciled payout reports into existing accounting systems.

Pros and cons of payoneer

Users evaluating Payoneer should weigh operational strengths against fee considerations and product fit:

Pros:

• Global reach with local receiving accounts in major currencies, simplifying inbound payments
• API-driven mass-payout capabilities and marketplace integrations for platforms
• No monthly account fee for standard users; pricing is transaction-based which can be efficient at low volumes
• Multi-currency balances reduce immediate forced conversions and provide flexibility in cash management

Cons:

• Transaction fees and FX margins vary by corridor and can be higher than some specialized FX-only providers for certain corridors
• Not a full bank replacement in all markets; limits on some currencies and withdrawal rails may require fallback flows
• Customer support and dispute resolution can be slower in peak periods, according to some user reports

Operational considerations include the need to compare per-transaction rates for your specific payment corridors, evaluate integration effort for API onboarding, and confirm regulatory coverage for the countries where your payees hold bank accounts.

Payoneer free trial

Payoneer does not offer a conventional time-limited free trial because the core service model is account-based with pay-as-you-go transaction fees. New users can create an account at no upfront cost and begin using receiving services subject to KYC verification and transactional fees.

For platforms and marketplaces evaluating Payoneer’s Mass Payouts product, Payoneer will often provide a sandbox and test credentials for technical evaluation. This allows integration teams to validate payout workflows, test file-based or API-based batch payments, and check reconciliation reports before going live.

If you need to validate flows before committing to production, request sandbox access via Payoneer’s developer portal or contact Payoneer’s commercial team to discuss a pilot or proof-of-concept for your specific use case.

Is payoneer free

Yes, Payoneer offers a free account option with no monthly or annual subscription fee for standard users; charges occur per transaction (withdrawals, conversions, card usage, etc.). The account creation and receiving capability is free, but the cost of using the service depends on how you move and convert funds.

Payoneer API

Payoneer exposes APIs and a developer experience aimed at platforms, marketplaces and enterprise customers. The API surface commonly includes endpoints for:

• Recipient onboarding and identity validation (KYC-compatible onboarding flows)
• Mass payout creation, status tracking and reconciliation
• Balance queries and transaction history retrieval
• Payment method management and bank account linking
• Webhook notifications for payout events and bank transfer status

Documentation, SDKs and sample integrations are available through Payoneer’s developer site, which includes sandbox environments for testing. Typical integration patterns involve using the API to upload batch payout files or to call a payout endpoint per recipient, then tying Payoneer’s status and reconciliation webhooks into your ERP or payment ledger.

For platforms considering Payoneer, common technical considerations include authentication (OAuth or API-key style), idempotency for payouts, rate limits for high-volume workflows, and support for multiple currencies and local payout rails. View Payoneer’s technical and integration guidance on Payoneer’s developer documentation for exact API endpoints and specs.

10 Payoneer alternatives

Paid alternatives to payoneer

• Wise — Focused on low-cost cross-border transfers and multi-currency business accounts with transparent FX margins and local receiving details in multiple currencies.
• PayPal — Global payments ledger with buyer/seller protections, invoicing, merchant services and broad consumer reach; often used for smaller international transactions and marketplaces.
• Stripe — Developer-first payments platform; with Stripe Connect and Stripe Treasury it supports marketplace payouts and embedded financial features for platforms.
• Skrill — Digital wallet and remittance provider used by freelancers and small businesses; supports online payments and card disbursements.
• Adyen — Enterprise payments platform for global merchants, offering unified acquiring, payout capabilities and large-scale settlement solutions.
• WorldRemit — Consumer-focused remittance and payouts with retail pay-in and local bank withdrawal options in many corridors.
• Revolut Business — Business accounts with multi-currency wallets, FX at interbank windows, and integrated corporate cards for spending.
• Payoneer (competitor listing includes itself for parity) — Use as a comparison baseline when evaluating services with similar remit features.
• Razorpay — Popular in South Asia for marketplace payouts and local currency disbursements with integrations for regional compliance.
• Hyperwallet (by PayPal) — Payouts solution for marketplaces with global rails and vendor payee management.

Open source alternatives to payoneer

• Kill Bill — Open-source billing and payment orchestration platform for managing invoices, payments and complex payment logic; requires bank/integration partners to move funds.
• Mifos — Open-source financial services platform with components for account management and transaction processing, commonly used by microfinance organizations.
• Open Bank Project — API platform for banks that enables open banking flows and can be used by integrators building payment rails and account connectivity.
• GNU Taler — Research-oriented electronic payment system focusing on privacy-preserving payments; better suited for specialized implementations than direct bank payouts.
• Interledger (ILP) — Protocol for inter-network payments and value routing; useful for experimental or modular cross-currency settlement systems but requires significant infrastructure to handle fiat railings.

Open source alternatives typically provide the software building blocks for payments and reconciliation, but they do not replace Payoneer’s global payout rails and compliance stack; they are most useful if you plan to pair them with banking partners and payment processors.

Frequently asked questions about Payoneer

What is Payoneer used for?

Payoneer is used for receiving and sending international payments and managing multi-currency balances. Freelancers, ecommerce sellers and marketplaces use it to receive funds via local-style receiving accounts, convert currencies, and withdraw to local bank accounts without establishing multiple foreign bank accounts.

Does Payoneer charge a monthly fee?

No, standard Payoneer accounts typically do not have a monthly subscription fee. Instead, Payoneer charges on a transaction basis—fees for currency conversion, withdrawals to bank accounts, card usage and certain inbound payment types—so your ongoing cost depends on usage patterns.

Can I withdraw funds from Payoneer to my local bank account?

Yes, Payoneer allows withdrawals to linked local bank accounts in supported countries. Withdrawal fees and processing times vary by country and currency, and conversions will apply if you withdraw in a different currency than your balance.

Is Payoneer safe for businesses?

Yes, Payoneer operates with standard industry controls for cross-border payments and regulatory compliance. The company applies KYC/AML checks, transactional monitoring, encrypted communications and regional compliance measures; enterprise customers can request additional contractual and security details.

Does Payoneer offer APIs for integrations?

Yes, Payoneer provides developer APIs and a sandbox for platform and marketplace integrations. APIs cover onboarding, mass payouts, transaction queries and webhook notifications; documentation and SDKs are available through Payoneer’s developer pages.

How long does a Payoneer withdrawal take?

Withdrawal times vary by currency and destination bank, commonly from 1 to 5 business days. Some corridors are faster when local payout rails are supported, while other transfers may take longer due to correspondent banking or local processing windows.

Can I get a Payoneer card?

Yes, Payoneer offers prepaid card products in supported jurisdictions for ATM withdrawals and point-of-sale transactions. Card availability depends on regional licensing and may involve card issuance and maintenance fees.

Does Payoneer support mass payouts for marketplaces?

Yes, Payoneer supports mass payouts and marketplace payment orchestration. The Mass Payouts product includes file-based and API options, reporting, and reconciliation features designed for platforms paying large numbers of sellers or contractors.

How does Payoneer’s currency conversion work?

Payoneer converts currencies using its FX rates, which include a margin above the mid-market rate. The exact margin varies by corridor and customer agreement; high-volume clients often receive reduced FX margins through negotiated contracts.

Can I use Payoneer to accept credit card payments from customers?

Payoneer provides invoicing and receiving services but is not a direct merchant acquiring provider like some card processors. For card acceptance, Payoneer supports receiving funds via integrated partners and marketplace channels; businesses needing direct merchant acquiring should evaluate Payoneer’s partner integrations or use a specialist payment gateway like Stripe or Adyen.

payoneer careers

Payoneer maintains an international workforce across engineering, compliance, commercial operations and customer support. Careers at Payoneer tend to focus on fintech, compliance, platform engineering and partnership development given the company’s product mix. Job openings commonly include roles in software development (API and backend), data engineering, risk and compliance, sales for global channels, and product management.

Candidates exploring Payoneer careers should highlight experience in cross-border payments, regulatory frameworks (KYC/AML), and integrations with marketplaces or ERP systems. Payoneer often seeks multilingual candidates and those with experience in international payments rails and financial regulations in target markets.

Interview processes at Payoneer typically include technical screening for engineering roles, case-based discussions for product and commercial positions, and competency interviews focused on regulatory and operational judgement for compliance roles. As with many fintech firms, compensation packages may include base salary, bonuses and benefits tied to regional norms and role seniority.

For current openings and details on benefits and hiring processes, view Payoneer’s careers page and job listings on their corporate site.

payoneer affiliate

Payoneer runs partner and referral programs for affiliates, platforms and partners who refer users or integrate Payoneer’s payout solutions. Affiliate or partner programs may include referral bonuses, revenue-sharing agreements, or co-marketing funds for partners who drive sign-ups or process a minimum volume of transactions.

Affiliate mechanics differ by geography and partner type: individual referral programs are typically simpler (referral links and rewards), while platform partnerships involve commercial contracts, technical integration support and joint go-to-market planning. Partners that integrate Payoneer’s Mass Payouts or API services typically receive account management and technical onboarding assistance.

If you represent an affiliate network or channel partner, contact Payoneer’s partner team to discuss current offers, referral tracking mechanisms, and eligibility criteria. Documentation for partners often includes technical integration guides, marketing assets and co-branded onboarding resources.

Where to find payoneer reviews

Independent user reviews and analyst commentary on Payoneer are available on fintech review and comparison sites, marketplace forums, and app store listings for mobile apps. To get balanced perspectives, consult user reviews on business software directories as well as platform-specific forums where freelancers and ecommerce sellers discuss payouts and customer support experiences.

For authoritative information about uptime, compliance and enterprise-grade features, review Payoneer’s regulatory filings and security documentation. For up-to-date user-reported experiences, check reviews on major comparison sites and community threads from marketplaces where Payoneer is commonly used.

For exact, current details on fees, developer APIs and compliance features, consult Payoneer’s official resources: Payoneer’s fee schedule, Payoneer’s developer documentation, and Payoneer’s security and compliance pages.