Payoneer is free.
Verified Sep 2026 from the official pricing page.
Is Payoneer worth the price?
Payoneer is free to join and charges no monthly subscription, the real costs are transaction-based.
Receiving payments from marketplaces or clients via bank transfer costs 0-1%, and withdrawing to your local bank in the same currency is $1.50. The catch is currency conversion: Payoneer marks up the mid-market rate by 0.5-2%, which adds up fast on large transfers.
For freelancers earning $5,000-10,000/month internationally, Payoneer costs roughly $50-150/month in fees, cheaper than PayPal (which charges 2.5-4.4%) but more expensive than Wise (which uses mid-market rates with transparent fixed fees). Credit card payment acceptance at up to 3.99% is steep compared to Stripe (2.9% + $0.30).
Pricing Plans
Free Account
Free
- Free to receive payments
- $29.95/year fee (waived if >$6K volume)
- 1% transfer fee (min $4)
- Free Payoneer-to-Payoneer transfers
Credit Card Payments
3.2% + $0.49
- Accept credit cards
- Multiple currencies
- Global payments
Hidden Costs & Gotchas
Currency conversion markup of 0.5-2% is baked into the exchange rate, not shown as a separate line item. On a $10,000 transfer, that is $50-200 in hidden fees.
Annual account fee of $29.95 kicks in if you receive less than $2,000 USD in a 12-month period, easy to miss if you use Payoneer irregularly.
Withdrawals under $400 incur a fixed $4 fee instead of the percentage-based fee, making small withdrawals proportionally expensive.
Mastercard currency conversion adds up to 3.5% on top of the exchange rate when spending in a foreign currency.
ATM withdrawals cost $3.15 per transaction plus potential currency conversion, using a local debit card is almost always cheaper.
Sending payments to non-Payoneer users costs up to 4%, making it expensive to pay contractors who do not have Payoneer accounts.
Balance inquiry at ATMs costs $1.00, and declined transactions also incur a $1.00 fee.
Our Recommendation
startup
Viable for paying international contractors in bulk. The mass payout feature saves on per-transaction wire fees. Compare with Wise Business for better FX rates on smaller, frequent payments.
enterprise
Negotiate custom rates, Payoneer offers volume discounts on FX spreads and transaction fees for businesses processing $100K+/month. Request quotes from Wise Business and OFX simultaneously.
freelancer
Payoneer works well if your clients or marketplaces already use it, receiving from Payoneer users is free. For maximum savings, maintain balances in the received currency and withdraw only when you can do same-currency transfers ($1.50 flat).
small Business
Good for marketplace sellers (Amazon, Walmart) who need multi-currency receiving accounts. The 0-1% receiving fee beats PayPal. For client invoicing, compare with Wise Business or traditional bank wires.
How Payoneer compares
4 of 6 direct competitors offer a free plan.
Payoneer Pricing FAQ
How much does Payoneer cost?
Payoneer is free to use. No subscription or one-time fee is required for the core product.
Does Payoneer have a free plan?
Yes. Payoneer offers a free plan called "Free Account". It includes: Free to receive payments, $29.95/year fee (waived if >$6K volume), 1% transfer fee (min $4).
What are alternatives to Payoneer?
Alternatives to Payoneer include Wise, Stripe, Deel, Mercury. Deel starts at $0/month; Mercury starts at $20/month; PayPal starts at $14.99/month.
Payoneer alternatives
Direct competitors. Starting prices match the table above.
Sources
- Official Payoneer pricing — payoneer.com (verified Sep 2026)
- Cite this data: Toolradar, Payoneer pricing verified Sep 2026, toolradar.com/tools/payoneer/pricing
Review Payoneer, get a free AI guide
Share your experience and we will send you Improve Your Thinking Patterns Using ChatGPT, free.