Payoneer is a financial services company that provides online money transfer and digital payment services across international borders. It operates similarly to a traditional bank account, allowing users to receive payments from customers worldwide and deposit funds into their local bank accounts. It is recognized for its safety and reliability, being a fully regulated Money Services Business, ensuring that users can send and receive money with ease and security.
However, it’s important to note that while the platform offers convenience, it does have limitations such as an inability to accept in-person payments and reports of account freezes or terminations.
Additionally, its charges an annual fee of 29.95 USD, which is applied 12 months after registration. When using this, users should be mindful of these aspects to manage their finances effectively.
Payoneer Essentials: Fees, Cards, and Login
This is a financial services company that provides online money transfer and digital payment services. Some key things to know about Payoneer include:
Fees
- Transaction fees range from 1-2%, depending on factors like currency, destination, and amount.
- There is no monthly fee for a personal account. Volume-based fees apply for business accounts.
- ATM withdrawal fees apply when using the Payoneer debit Mastercard. Fees depend on location, currency, and amount.
Payoneer Card
- Payoneer offers a prepaid Mastercard debit card to easily access funds.
- The card can be used online, in-stores, and at ATMs to withdraw cash.
- The card is available in select countries after account approval.
Login
- Login to the secure online account portal using your email and password credentials.
- The Payoneer login lets you view balance, transaction history, move funds, and manage account details.