Payoneer Review: Is It Worth It?
Payoneer Review
In this Payoneer review, we will be examining whether or not Payoneer is a good fintech banking option.

Background And History
Payoneer is an online bank based in New York that offers its clients many benefits.
Payoneer promises any business, in any market, the technology, connections, and confidence to participate and flourish in the new global economy. Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world’s leading digital brands, Payoneer offers a universe of opportunities, open to you.
Payoneer was born on the cusp of a new digital era, an era defined by connectivity and openness. Where anyone, anywhere, is empowered to participate and succeed as a global citizen of a single digital economy. Infinite opportunities create exponential complexity. This borderless world of open commerce brings new systems, unfamiliar rules, and untold risks. These unknowns create fear and doubt that erode the confidence fueling the entrepreneurial spirit at the center of everything.
Fees
By another Payoneer customer
When you receive payments from other Payoneer customers who pay from their Payoneer balance, it’s always free.
Directly by your clients
Send payment requests to your clients and give them the option to pay you via credit card and ACH bank debit (US only). They can also pay via local bank transfer into your receiving accounts.
Directly by marketplaces and networks
Payoneer is integrated with Wish, Fiverr, Upwork, Airbnb, and thousands of other companies who pay with Payoneer. Fees set by each marketplace or network may vary.
Via Receiving Accounts
Use your receiving accounts just like a local bank account in the associated country to get paid in USD, EUR, GBP, and more.
Licenses
The core obligation at Payoneer is to protect your funds and prevent money laundering. As a regulated entity, it provides multi-jurisdictional compliance assurances to your business. When partnering with Payoneer, you can be assured that all your payee disbursements are made through a fully compliant, secure, and tightly audited payments platform that is recognized by financial regulators all around the world.
If you'd like to check all of Payoneer's licenses, follow the link below.
Subscription Plans
Payoneer Account
Signing up for Payoneer is completely free, upon signing up you'll have to choose what you'll be using your Payoneer account for, this will help Payoneer adjust its services to your exact needs.
Payoneer Card
If you'd like to get a Payoneer Card, you'll have to pay an annual payment of $29.95.
Pricing
Opening a Payoneer account is completely free, if you want to get a Payoneer card, you'll have to pay an annual fee of $29.95.
Payoneer Pros & Cons
Payoneer: Pros
- Free account
- Free payments between Payoneer accounts
- Used by big brands
- Direct bank withdrawals
- Open-source software
Payoneer: Cons
- High transaction fees
- The card costs $29.95/year
- Poor customer service
- No perks offered with the card
Payoneer Review: Verdict
Payoneer is a decent fintech option banking option, it's a well-established company, used by many big brands and a good option if you intend to use it to do business with other Payoneer users.
That being said, the transaction fees between non-Payoneer users are very high, customer support is very bad and it can take a long time to answer your queries.
Unlike most of its competition, Payoneer also charges an annual fee of $29.95 if you want to have a card to access your account funds, on top of this, the card doesn't even offer any special perks like cashback or store discounts.
If you'd like to get a Payoneer account and earn $25 completely free after you've moved a minimum of $1000 on your Payoneer account, simply follow the Payoneer Referral Link below.
