PayoneerB68
Payment Processor · Freelancers, online sellers, marketplaces, and cross-border SMBs that invoice clients or collect marketplac…
Overview
Payoneer is genuinely good at the thing it was built for — getting freelancers, sellers, and platforms paid across borders through local receiving accounts and a payout network few rivals match. The B- reflects the other side of the ledger: a fee schedule that varies so much by corridor it is hard to predict, an annual fee on low-activity accounts, and a persistent pattern of account holds and frozen funds that can strand working capital when you can least afford it.
Best for: Freelancers, online sellers, marketplaces, and cross-border SMBs that invoice clients or collect marketplace payouts in multiple countries and want multi-currency balances, local receiving accounts, and mass payout capability under one roof.
Strengths
- + Very good cross-border payout infrastructure spanning 190+ countries and 70+ currencies
- + Multi-currency support with free local-currency receiving accounts
- + Mass payout API for platforms and marketplaces
- + Working capital (Capital Advance) available for sellers
- + No contract, no early termination fee, and an established global brand
Trade-offs
- – Fee structure is complex and corridor-dependent, with recurring complaints about unclear or hidden costs and fee changes over time
- – Account verification holds and fund freezes are reported by many users, with slow or unclear resolution
- – Customer support experiences are mixed, particularly around holds and disputes
- – A $29.95 annual fee hits low-activity accounts receiving under $6,000 in 12 months
Fees in detail
- Online rate: Up to 3.99% + $0.49 to receive a card payment from a payer (published fee schedule); Payoneer Checkout is quote-only
- International: 0.5% to convert between your own Payoneer balances; 1.2%–4% on a withdrawal that converts currency
- Disputes: $$20 per dispute
Standard published rate for a domestic online card payment. Confirm current pricing on Payoneer's pricing page.
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