Review
Nomad account
Payoneer review: freelancer payouts, fees and card
Payoneer review: a freelancer payout account. Local-currency receiving is free; the account fee is USD 29.95 a year below USD 6,000 received (Sep 2026).
Best for
- Freelancers paid by marketplaces and platforms that pay out to Payoneer
- Freelancers who receive client payments in their local currency, which is free to receive
- Freelancers and small businesses receiving USD 6,000 or more per 12 months, which avoids the USD 29.95 account fee (as of 26 Sep 2026)
Choose something else if
- If you want a simple travel card, a consumer card such as Wise or Revolut is the simpler fit: Payoneer card conversions run up to 3.5% and the card has a USD 29.95 annual fee (as of 26 Sep 2026).
- If your clients pay by bank transfer instead of through Payoneer, a multi-currency account such as Wise fits better.
- If you receive less than USD 6,000 a year, the USD 29.95 account fee (as of 26 Sep 2026) eats into small payouts; a service without an account fee suits you better.
Key numbers
- Account fee
- USD 29.95 a year if less than USD 6,000 is received in 12 consecutive months; waived in the first year of a paid annual plan
- general pricing, as of 26 Sep 2026
- Card annual fee
- USD 29.95, separate from the account fee
- general pricing, as of 26 Sep 2026
- Receiving payments
- Free in your local currency via a receiving account; 1% (minimum USD 1) in other currencies
- as of 26 Sep 2026
- Conversion and withdrawals
- 0.5% between balances; 1.2%–4% on bank withdrawals, depending on country and currency
- as of 26 Sep 2026
- Card abroad
- Up to 3.5% with conversion; up to 1.8% on cross-border use without conversion
- as of 26 Sep 2026
- ATM withdrawals
- USD 3.15 / EUR 2.50 / GBP 1.95 plus up to 1.8% or 3.5%
- as of 26 Sep 2026
Verdict
Payoneer is a payout account with a Mastercard for freelancers and businesses paid by marketplaces, platforms and foreign clients. It suits you if your clients or platforms pay out to Payoneer. Card balances run in USD, EUR, GBP and CAD, and account, card and receiving-route availability depend on your country.
General pricing (as of 26 Sep 2026): receiving in your local currency through a receiving account is free; receiving in another currency costs 1% (minimum USD 1). Converting between balances costs 0.5%, and bank withdrawals can cost 1.2%–4% depending on country and currency, even without conversion. An account fee of USD 29.95 a year applies if you receive less than USD 6,000 in 12 consecutive months; it is waived in the first year of a paid annual plan. The card has its own USD 29.95 annual fee.
The main limitation is a fee model that is hard to compare: card payments with conversion cost up to 3.5%, and ATM withdrawals cost USD 3.15, EUR 2.50 or GBP 1.95 plus up to 1.8% or 3.5% (general pricing, as of 26 Sep 2026). On 15 June 2026 Nuvei agreed to acquire Payoneer for about USD 2.75 billion; closing is expected in mid-2027 pending approvals, and no immediate account changes were announced.
Card and payments
- Type
- Virtual + physical
- Custody
- Not applicable
- KYC
- Required
- Apple Pay
- Region-dependent
- Google Pay
- Region-dependent
How it works
- Receiving accounts and payment requests
- Physical or virtual Payoneer card where eligible
- Marketplace and contractor payout workflows
Pros
- Takes payouts from marketplaces and platforms into one account
- Free receiving in your local currency through a receiving account (as of 26 Sep 2026)
Cons
- Fees differ by receiving route, withdrawal and card use
- Eligibility, cards and receiving routes vary by country
Head-to-head comparisons
Related next steps
FAQ
How much does Payoneer cost per year?
Payoneer has no standard monthly subscription. Under general pricing (as of 26 Sep 2026) an account fee of USD 29.95 a year applies if you receive less than USD 6,000 in any 12 consecutive months; it is waived in the first year of a paid annual plan. The card has a separate annual fee of USD 29.95. Some regions also have annual plans or a registration fee; your account’s Fees page shows which apply to you.
What are Payoneer’s fees for receiving and withdrawing money?
Receiving in your local currency through a Payoneer receiving account is free; receiving in another currency costs 1%, minimum USD 1. Converting between your balances costs 0.5%. Withdrawals to a bank can cost 1.2%–4% depending on country and currency, even without conversion (general pricing, as of 26 Sep 2026). Marketplaces and payment requests have their own fees.
What does the Payoneer card cost abroad and at ATMs?
The Payoneer Mastercard charges up to 3.5% on payments with currency conversion and up to 1.8% on cross-border use without conversion. An ATM withdrawal costs USD 3.15, EUR 2.50 or GBP 1.95 plus up to 1.8% or 3.5%, depending on the transaction (general pricing, as of 26 Sep 2026). Card eligibility can depend on the payments you receive and your country.
Is Payoneer being sold to Nuvei?
Nuvei announced a definitive agreement to acquire Payoneer on 15 June 2026 for about USD 2.75 billion. Closing is expected in mid-2027, subject to approvals. No immediate changes to accounts were announced.
Sources
- Payoneer pricing — payoneer.com
- Payoneer annual fees FAQ — payoneer.custhelp.com
- Payoneer card FAQ — payoneer.custhelp.com
- Payoneer fees and limits help — payoneer.custhelp.com
- Payoneer proposed acquisition, 15 June 2026 — investor.payoneer.com
- Payoneer current general pricing — payoneer.com
- Payoneer commercial card eligibility — payoneer.com
- Payoneer proposed transaction update, August 2026 — investor.payoneer.com
Fees and terms change, so check the provider’s current price page before you sign up. How we compare