Payoneer

What is Payoneer?

Payoneer is a cross-border payments and financial platform for businesses, marketplaces, ecommerce sellers and freelancers. It lets users receive payments from clients and marketplaces, send payments and payouts, pay global teams, spend with corporate cards and access working capital. The vendor says collections and payments reach more than 190 countries and territories.

Key features of Payoneer

• Receiving accounts: collect payments from clients and marketplaces into balances, with payment requests, links and checkout.
• Send and mass payouts: single payments, batch payments of up to 1,000 per action and mass payouts.
• Workforce management: employer of record, agent of record and a contractor management system covering 160+ countries.
• Corporate cards: physical and virtual cards with expense management.
• Smart FX: currency conversion for cross-border balances.
• Working Capital Advance: financing offered subject to eligibility.
• Developer APIs: APIs for platforms that embed payouts or collections.

How Payoneer works

Users open a Payoneer account, receive funds into balances or local receiving accounts, and then withdraw to a bank account, pay suppliers and contractors, or spend with a card. Marketplaces and platforms can connect through integrations and APIs. Fees vary by country, currency and payment method, and the applicable fees show during registration.

Who uses Payoneer?

Payoneer serves marketplace sellers, ecommerce merchants, freelancers, agencies and businesses that pay global teams. The vendor cites software and IT services, BPO, marketing agencies, wholesale and trade, and mobile apps and gaming among its sectors. Platforms use it to pay out sellers and contractors in bulk.

Payoneer pricing

Payoneer lists fees on its pricing page. The annual account fee is $29.95 and applies only if the account receives less than $6,000 in any 12 consecutive months. Receiving into a local-currency receiving account is free, a non-local-currency account costs 1% (minimum $1), and credit card payers cost up to 3.99% plus $0.49. Withdrawals to a bank account range from 1.2% to 4%, and card purchases cost up to 1.8% without conversion.

Payoneer integrations

Payoneer connects with marketplaces and integrated platforms, where receiving fees vary by marketplace, and offers developer APIs for platforms that embed payouts. The vendor does not list individual integrations on its homepage.

Payoneer alternatives

Razorpay is a payment gateway for businesses accepting payments in India and elsewhere, so it centers on merchant checkout rather than cross-border payouts. Chargebee handles subscription billing and invoicing rather than moving money across borders. Opn Payments (Omise) provides payment acceptance in Asia-Pacific markets, and Klarna for Business focuses on buy-now-pay-later checkout.