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Provider review · 4.5 advisor score

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

Open a Payoneer account
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Payoneer

US · UK · EEA · HK

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

Licence status

Regulated payment / e-money provider (FinCEN, FCA, Central Bank of Ireland), not a bank in most markets

 
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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.

Best for

Marketplace sellers, agencies and freelancer-heavy businesses

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 balance

None

Local transfers

Free in the matching currency

International transfers

About 3% when a customer pays by card

Currency exchange

About 0.5% above the reference rate

Cards

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.

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