Payoneer: fees, currencies and how to apply.
Receiving accounts and marketplace payouts for sellers and agencies
- 2-10 days
- Time to open
- 4.5
- Advisor score
- No monthly fee
- Monthly cost
- Time to open
- Typically 2-10 days
- Currencies
- Receiving accounts in 9 currencies, payouts to 190+ countries
- To open
- No minimum; annual account fee applies on some plans
Advertising disclosure. Some links on this page are affiliate links. If you open an account we may be paid a fee, at no extra cost to you. Order is set by our published criteria and cannot be bought.
What Payoneer actually is
Payoneer is a regulated payment and e-money provider, registered with FinCEN in the US and authorised by the FCA in the UK and the Central Bank of Ireland in the EU. It is not a bank in most markets.
Its edge is distribution: receiving accounts in the main trading currencies plus direct integrations with Amazon, Upwork, Fiverr, Airbnb and similar platforms, so payouts land without a local bank account in each market.
Fees and pricing
Checked against the provider's published pricing in September 2026. Figures vary by country and plan.
- Monthly fee
- None on the standard account; some plans carry an annual fee
- Minimum to open
- None
- Receiving from platforms
- Free in the matching currency
- Receiving by card
- About 3% when a customer pays by card
- Currency conversion
- About 0.5% above the reference rate
- Withdrawal to your own bank
- Free in the same currency, otherwise a conversion charge
Where it works well
- No monthly fee and direct integrations with the major marketplaces
- Receiving accounts in nine currencies
- Payouts to suppliers and contractors in 190+ countries
Watch out for
- Not a bank, so no credit and no overdraft
- Withdrawals to a third-party bank cost extra
- Card-funded receipts carry a percentage charge
Who can open it
- A registered company or a sole trader with verifiable business activity
- Platform or client evidence for the currencies you request
- Restricted industries include gambling, adult content and crypto trading
Documents to prepare
- Certificate of incorporation and company registry extract
- Passport and proof of address for every director and owner above 25%
- Description of the business, customers and expected monthly volumes
- Platform account statements or client contracts
- Tax identification number
Ready to apply to Payoneer?
Have the documents above ready and the application usually takes under 20 minutes.
Affiliate link. We may be paid a fee; it does not change this ranking.