
Payoneer provides a full suite of cross-border financial services: local receiving accounts (in different currencies), mass payout APIs, working capital, and global payment capabilities. It supports businesses, marketplaces, and freelancers by enabling them to receive payments from global clients, transfer money internationally, or withdraw to their local bank. Payoneer also offers a prepaid card in some markets, making it easier to access funds. Strengths include its global reach (many countries & currencies), mature payout infrastructure, working capital options, and strong API support for companies doing mass payments. These make it very attractive for digital businesses, especially those operating across borders. Some users experience account holds, unexpected fees (especially around withdrawal and currency conversion), and customer service issues, especially when dealing with verification or restricted funds. For freelancers and SMBs in emerging markets, this risk-reward trade-off is real.
Payoneer is a global fintech platform that enables businesses, freelancers, and marketplaces to send and receive cross-border payments, manage multi-currency funds, and scale internationally.
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Based on 62,169 reviews across 2 rating platforms
Many praise it for being reliable and convenient for international payments and freelancing. Users also highlight good customer support in some cases. But there are repeated complaints about account holds, funds being frozen, and slow or unclear resolution in support.
Some users strongly criticize Payoneer’s lack of transparency and account blocking from security teams.
Mixed reviews. Some customers have used Payoneer for years without incident. Others complain of surprising account blocks.
Card-not-present, e-commerce, and online payments
Card-present retail and point-of-sale transactions
Manually entered card-not-present transactions
Cross-border and foreign currency transactions
Recurring monthly account fee
One-time account setup and onboarding fee
Annual PCI DSS compliance and security fee
Monthly account statement and reporting fee
Per-incident chargeback dispute fee
Fee for canceling before contract end
Regular deposit schedule to your bank account
Faster deposit option (may have additional fees)
Minimum balance required before payout
Required commitment period
None
How to terminate your account
Users can close their Payoneer account, but need to withdraw or transfer remaining funds according to Payoneer’s policies.
Payment Card Industry Data Security Standard compliance level
PCI Level 1 certified (highest level)
Fraud detection and prevention tools
Supported
Encryption standards for data at rest and in transit
Supported
Replace sensitive card data with secure tokens
Manage recurring subscriptions and billing cycles
Create and send professional invoices
Multi-vendor marketplace functionality
Automated recurring payment processing
Accept and process multiple currencies
Estimate your monthly costs
This calculator provides an estimate based on available pricing information. Actual costs may vary. Contact Payoneer for a personalized quote.