Understanding Payoneer Fees for Transactions and Account Management


Payoneer has established itself as a reliable payment solution for individuals and businesses conducting cross-border transactions. With its user-friendly interface and global reach, Payoneer offers a range of services to cater to the needs of freelancers, online sellers, and entrepreneurs worldwide. However, like any financial service, Payoneer charges fees for certain transactions and account-related services. In this blog, we will delve into the different types of Payoneer fees to help you better understand the costs associated with using the platform.

  1. Payoneer Transaction Fees: a. Receiving Payments:
    • From other Payoneer users: Receiving funds from other Payoneer users is generally free.
    • From companies and marketplaces: Fees may apply based on the source of the payment. The exact fee structure can vary depending on the currency and region.
    • Via credit card: If you receive funds through a credit card, there might be additional charges levied by the card issuer.

b. Currency Conversion:

  • When receiving payments in a currency different from the one linked to your Payoneer account, a currency conversion fee will apply. Payoneer’s currency conversion rates are typically competitive, but it’s essential to consider these fees when conducting international transactions.

c. Withdrawals:

  • Local Bank Transfers: Payoneer offers local bank transfer services in various countries. The fee for withdrawing funds to your local bank account depends on the country and currency involved.
  • Prepaid Mastercard: Payoneer provides a prepaid Mastercard that allows you to access your funds at ATMs or make purchases. Card activation and annual maintenance fees may apply.
  1. Payoneer Account Fees: a. Annual Account Maintenance Fee: Payoneer charges an annual account maintenance fee, which is deducted from your account balance. This fee helps cover the cost of maintaining your account on the Payoneer platform.

b. Inactivity Fee: If you do not perform any transactions on your Payoneer account for a specific period, an inactivity fee might be applied. This fee encourages users to keep their accounts active.

It’s important to note that Payoneer’s fee structure can vary depending on your location, the type of transaction, and the currencies involved. It’s recommended to check Payoneer’s official website or contact their customer support for the most up-to-date fee information.


Payoneer offers a convenient and accessible platform for individuals and businesses to manage their cross-border payments. While the platform provides various benefits and services, it’s crucial to be aware of the associated fees. Understanding Payoneer’s transaction fees and account-related charges will allow you to make informed decisions about your payment methods and budget accordingly.

Before using Payoneer for your transactions, take the time to review the fee schedule and assess how these charges align with your financial needs and usage patterns. By being well-informed, you can leverage Payoneer’s services efficiently and make the most of your cross-border transactions.

1 thought on “Understanding Payoneer Fees for Transactions and Account Management”

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