Payoneer
Cross-border payment account for freelancers, online sellers and businesses getting paid from abroad.
Updated · AppBreakup editorial · Web, iOS, Android
Is Payoneer free?
No, it's a paid product
3 alternatives with a free optionSwitch from Payoneer to
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About Payoneer
Payoneer is a cross-border payments platform used by freelancers, agencies and marketplace sellers to get paid by clients and platforms in other countries. Users get local receiving account details in several currencies, so a client in the US or EU can pay by local bank transfer, and marketplaces such as Upwork and Amazon can pay out directly. Balances can be held in multiple currencies, converted, sent to other Payoneer users, spent with a Payoneer card or withdrawn to a local bank. It has grown into a fuller business suite with payment requests, checkout, mass payouts, VAT payments, corporate cards and working capital. There is no monthly subscription; Payoneer earns from fees on receiving, converting and withdrawing, and an annual fee applies to low-activity accounts. It works in most countries, which is its main draw for freelancers in places where Wise or US banks are hard to access. Fees vary widely by route, so costs are worth checking before switching.
Best for: Freelancers and marketplace sellers outside the US who get paid by foreign clients and platforms.
Pros and cons
What works
- Covers 190+ countries and territories
- Free transfers between Payoneer accounts and from local-currency receiving accounts
- Direct payouts from many marketplaces and freelance platforms
Why people leave
- Annual fee if the account receives under $6,000 a year
- Withdrawal and conversion fees vary and can add up
- Card payments from clients cost up to 3.99% + $0.49
Payoneer vs Mercury, Wise and PayPal
From each app's listing and the prices verified on its own site. A dash means we haven't verified it yet.
Top Payoneer alternatives
See all 3- 1
Mercury64.8Free US business banking for companies with a US entity receiving USD from clients.
- 2
Wise56.8Often cheaper conversions at the mid-market rate, with multi-currency account details.
- 3
PayPal52.6Widely accepted by clients and marketplaces worldwide, so freelancers can get paid without sharing bank details.
Why people left Payoneer
In reviewers' own words, from reviews of the apps they moved to. These are their opinions, not ours.
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Reviews
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Payoneer: common questions
What is Payoneer?
Payoneer: Cross-border payment account for freelancers, online sellers and businesses getting paid from abroad. Best for freelancers and marketplace sellers outside the US who get paid by foreign clients and platforms. Available for Web, iOS and Android.
Is Payoneer free?
No, Payoneer is a paid product.
Is Payoneer open source?
No, Payoneer is not open source.
What platforms does Payoneer run on?
Payoneer is available for Web, iOS and Android.
What are the best alternatives to Payoneer?
The highest-ranked Payoneer alternatives right now are Mercury, Wise and PayPal. See the full ranked list for pricing, platforms and verified facts.
Payoneer vs Mercury: what's the difference?
Payoneer is a paid product; Mercury is free with paid plans. Both run on Web, iOS and Android.