Payoneer Fees & Charges Incl. Payoneer Card (2019 Updated)

By | February 3, 2019

Payoneer Fees

We have updated Payoneer Fees post. Check it out below how much Payoneer is going to be charging you for the transactions you’ll be making with it.

Payoneer is one of the top online banking solutions that helps Bloggers, Affiliate Marketers, Freelancers etc to send & receive cross-border payments at very low-to-no cost. However, it will cost you various Payoneer Fees as long as you maintain a Payoneer Card and send & receive cross-border payments.

Even though, just by having a verified Payoneer Account won’t cost you any fees except the Card that will cost you around $29.95 each year if you have activated & linked it with your account otherwise using Payoneer is totally free.

As you may know Payoneer has various methods of withdrawing, transacting & funding methods & ways for which there are various charges & fees associated with your account, as well. If you’re new to Payoneer or you wanna know about its fees then you’re here in the right place. We’re going to take you through the following Payoneer Fees table that will help you understand their Fees that how much you’ll be charged for each transaction you make through Payoneer.

Payoneer Card Fees

Posts you may like to read:

If you’re using Payoneer ATM Card and want to know how much Payoneer will cost you for each time you withdraw money through ATM using your Card, while making shopping online or offline in-stores then check out this Fees table here.

So in short, these are the fees that are associated with your Payoneer Card.

Payoneer Fees (2019 Updated)

Payoneer Prepaid MasterCardFees
Card Annual Activation$29.95
Card Replacement$12.95
Online or In Stores Purchases$0.00 (Free)
ATM Withdrawal$3.15
ATM Decline$1
ATM Balance Inquiry$1

In the below table, you can learn how much you will be charged by Payoneer if you will make payment worldwide or any of your clients or anyone else send a payment to you through his/her Payoneer Account.

Payoneer Receive Payment Fees:

Payment TypesFees
Global Payment Service1%
Direct Payments From CustomersUp to 3%
Payments From Affiliate Networks, Marketplaces, Ad Networks etc.Fee is set by each Marketplace.
Make A PaymentFree

Also note, each time you receive payments from any online marketplaces such as Ad Networks, Affiliate Networks or any other marketplace, you will be charged $2 by Payoneer (the payment will be transferred to your account within 2 to 3 days) while if you choose the Immediate Transfer, you will be charged $5 by Payoneer the payment will be transferred to your account within 2 hours.

Here are some more details on what are the Payoneer Fees (hidden from you 🙂 Just kidding) to check out for your better understandings.

Payoneer Bank Transfer Fees

Normally Payoneer charges only $5.95 or $9.95 in some countries from your funds however the rest of the fee from your fund will be charged by your bank.

Payoneer ATM Withdrawal Fees

As I have mentioned above, Payoneer will only charge you $3.15 from the amount you withdraw however the ATM from which you’re withdrawing your funds will also charge you so normally you’ll be charged around $7 or $7.95 on your total ATM Withdrawal.

Fiverr to Payoneer Fees

No matter you’re withdrawing funds from Fiverr or any other marketplace, the normal withdrawal fee Payoneer will charge you is $2, however, if you want instant funds loading, Payoneer will charge you $5 and the funds will be transferred to your account within an hour.

Payoneer Annual Fees

It’s all free to Sign Up for Payoneer and there are no fees for just creating an account & maintaining it. However, upon ordering a Payoneer MasterCard & linking it with your account, Payoneer will charge you $29.95 each year as long as it doesn’t expire.

Payoneer Exchange Fees

Normally when you withdraw payments from your Payoneer account in a different currency via a bank account, there’s 2% conversion/exchange rate set by Payoneer, however, the Payoneer MasterCard conversion/exchange fees is 3.5% of the total amount you withdraw.

Is there Payoneer Monthly Fee?

No, Payoneer doesn’t charge you any monthly fee or any maintenance fee but for every transaction that you’ll be making via Payoneer & withdrawing money through ATM will cost you fees.

Is Payoneer Fees Calculator Available?

Most of the web users search for Payoneer Fees Calculator but in fact, Payoneer fees are different for every transaction & every activity so there is no tool or Calculator that you can use to calculate your Payoneer Expenses & Fees. However, you can check your Payoneer Statement to know how much funds you have received and spent via your Payoneer account & ATM.

Conclusion

After all, we concluded that just by signing up for a Payoneer Account, there are no fees but as long as you’re using the Payoneer Card, the $29.95 fee will be charged each year and also upon receiving payments via Payoneer from any marketplace, there’s a separate $2 to $5 fee for Normal & Instant Withdrawal.

I hope you enjoyed this post. In case you have any question regarding our post then don’t forget to leave your comments below and happily I’d be back to you soon.

129 thoughts on “Payoneer Fees & Charges Incl. Payoneer Card (2019 Updated)

  1. FLAMINGO TRAVELS

    HI Team
    A very nice article ever had. Keep on good work. Love to read your articles. Keep on post.
    Great Job

    Reply
      1. Harvest Jones

        Great Post Alex! Do you know if there are extra fees if you use your Payoneer debit card with World Remit app?

        Reply
  2. Abel

    I live in the Dominican Republic, i want to know if i use my card in local stores what is the conversion rate from dollars because we use dominican pesos. Is better to withdraw the money in an atm or using the money directly as a card is a better option knowing we dont pay in dollars in my country. (i tried withdrawing a payment and the bank charged me around 18 dollars for a 135 us dollars payment

    Reply
    1. Alex Post author

      Hey Bro Abel,
      I’m sorry for the late response but I could not reach out to you.
      IF you have balance (in Dollar $) in your account and if you want to make online or offline purchases in local stores then there are no fees however if you want to make purchases in a different currency than the balance you have in your Payoneer Account then Payoneer charges around 3.5% of the total payment you pay to the store.

      However now Payoneer does support multiple currencies and you can fund your Payoneer account in multiple currencies and can make payments in multiple currencies to save Payoneer Fees & Cost!

      Hope this helps.

      Regards,
      Alex

      Reply
  3. MUHAMMAD FAIZAN

    Aslamu U Alaikum!
    HEY GUYZ, I NEED PAYONEER MASTER CARD, HOW MUCH FEES IS APPLICABLE FOR CARD, AND HOW CAN I WITHDRAW MONEY FROM PAYONEER, REPLY ME SOON, I DID NOT RECIEVE CARD, FOR WHICH I ALREADY APPLIED.
    CALL ME : 03413613758
    E-MAIL : [email protected]

    Reply
    1. Alex Post author

      Hello @MUHAMMAD,
      Did you sign up for Payoneer using our deal link? Did you create an account with Payoneer & was it confirmed by Payoneer sending you a confirmation email? If your account is confirmed & you have signed up using our bonus link then soon your will receive Payoneer MasterCard on the address you have provided just after 20 to 40 days after applying for an account.

      Upon receiving a payment to your Payoneer account, you will also earn $25 to $50 bonus if you have signed up using our bonus link.

      You can also withdraw as much as you can using Payoneer to Bank Transfer method. MasterCard withdrawal limit per transaction is I think $220. You can make multiple transactions at the same time.

      Let me know if you have any other question.

      Cheer,
      Alex

      Reply
    2. REDA

      Dear PAYONEER
      what is the procedure for finish the payoneer account?

      Reply
      1. Alex Post author

        Hey REDA,
        Do you want to Create Payoneer Account or just want to cancel your Payoneer Account?

        Please confirm so I can further guide you if you’re still here with us.
        Alex

        Reply
  4. Anastasia

    Dear Payoneer,

    Is it possible to transfer money from the Payoneer Card to a bank account?
    Is there a $ limit for bank account transfers? Are there any fees?

    Thank you!

    Reply
    1. Alex Post author

      Hello @Anastasia,
      Yes, you can transfer money from your Payoneer Card to your local bank Account.
      If you transfer money from Payoneer to your local bank account in same currency then you will be charged $1.5 ONLY such as USD to USD or EUR to EUR etc.
      However, if you transfer money in different currency then you will be charged up to 2% of your total payment you transfer.

      Hope this clarifies.
      Let me know if you have any further question.

      Reply
      1. Anastasia

        Dear Alex,

        Thank you!
        And is there a limit to the total amount that can be transferred in one operation to the bank account?

        Reply
        1. Alex Post author

          No, there is no specified limit but while withdrawing & transferring payments, you will definitely see the limit amount there and if you don’t see at the time of transferring payments, then that means you can transfer the amount you choose.

          Reply
      2. Oksana Dotsenko

        Do I have to pay annual fee if I am only receiving money through the Global Bank Transfer?

        Reply
        1. Alex Post author

          If you’re maintaining the Payoneer Card then you’ll need to pay the Card Annual Fee only.

          Reply
  5. Pingback: Sign UP with Payoneer & Earn $35 Bonus [2018 Updated]

  6. Anastasia

    Dear Alex,

    And one more question: does this account have to be mine (under the same name as my Payoneer card) or it can be an account of a relative or friend?

    Reply
  7. Daniel

    Hello.
    Please,am in Ghana and I have my payoneer card with me but i want to know if am to receive a payment from a friend in US through a bank transfer to my payoneer account, would it affect my account and can i also withdraw the funds?

    Reply
    1. Alex Post author

      Hey Daniel,
      Payoneer does not provide any direct way to fund your Payoneer Account however it does allow you to get paid by US Companies & US Bank Accounts i.e Bank Account (Probably in US Only, even though I’m not sure enough about this) & Credit Card.

      Reply
  8. Irfan ahmed

    Hi Alex,
    You seem quite informative, two quick questions i have.
    1. If we have linked a local bank account with payoneer, would that be only bank to get the money from or we can use any atm.
    2. Can we get the money in dollars in pakistan.

    Reply
    1. Alex Post author

      Thanks @Irfan for commenting!
      Here are answers to your questions.
      1. Payoneer lets you withdraw your funds right to your local bank account as well as using ATM using the Card you will receive for your Payoneer Account. [If you have received the fund into your local bank account then you can also use your local bank account ATM Card to withdraw those funds]

      2. No, each time you withdraw money, it will be in the respective currency such as in Pakistan, it will be in PKR, In UAE, it will be in AED, In USA, it will be in Dollars etc.

      Hope this helps. Let me know if you have any further question.

      Reply
      1. Tomislav

        Hello Alex,

        Even if i have bank account in Euro,linked with payoneer account, i will not be able to get funds in the Euro?
        Thank’s in advance. Tomislav.

        Reply
        1. Alex Post author

          Hey there,
          You will get funds in euro if your bank currency is euro.

          Let me know if u have any other questions.

          Reply
  9. Adrian

    Hi Alex,

    I am a newbie here and your replies have been very informative. Thanks for the sharing so far. Can I ask you a few questions:

    1) I recently received and activated my Payoneer Debit Mastercard and I noticed there is a USD2.82 automatic load to debit card charges for USD 320. So I assume this is the standard rate by %? How do I disable the automatic load to debit card?

    2) There are also two very steep charges for two payments made to me ” Online Payment fee Payment.” The first one I was charged USD20.09 for a payment of USD669.63 and the second I was charged USD14.60 for a payment of USD486.69. So what’s going on?

    Looking forward to your advise. Thanks.

    Adrian

    Reply
    1. Alex Post author

      Hello @Adrian,

      Thank you for commenting on payoneerhelp.net.
      Each time you receive payments from marketplaces & international clients in the US Dollars (USD), your funds are automatically transferred to your Payoneer Account which you can use that fund to make online purchases, withdraw to your local bank account & make an ATM Withdrawal, too. [You can get paid in other currencies as well including Euro, Japan etc)

      The second question you asked was how much I will be charged for each payment that I receive? So here’s the answer to your question.

      While receiving funds & money from Marketplaces like Ad Networks, Affiliate Networks, Freelance Sites & other sites, you will be charged $2 for each transaction (takes 2 days) & $5 if you want to make the transaction within 2 hours which is also called as Immediate Loan.

      If you receive payments from other Payoneer Customers then there is no fee on both sides.

      If you fund your account from Local Bank Accounts in the US, Japan etc (using Global Payment Service) then you will be charged 1% of that money such as if you fund your account of $100 from a US Bank Account using the Global Payment Service then you will be charged only $1 for that one transaction.

      Hopefully, these answers helpful to you. If still, you have any question, let me know by replying here.

      Reply
      1. Adrian

        HI Alex,
        Thanks for the prompt reply. If I understand this correctly on the 1% charge then for my USD669.63 payment I should be charged with USD6.70 instead of USD20.09 and my second payment of USD486.69 should be charged USD4.87 instead of USD14.60?

        This is what I am struggling to understand.

        Thanks,
        Adrian

        Reply
        1. Alex Post author

          Hello @Adrian,
          According to Payoneer Official Fee Structure, a user is charged only 1% but if you have been really charged more than 1% as a fee, get in touch with Payoneer through their official support email /live chatting [Using their Support forum is useless].

          Thanks for Being Here=>
          Alex,

          Reply
    2. Petar

      I think you were charged USD20.09 and USD14.60 or 3% of total income, because probably you were paid by MasterCard or VisaCard. It is explained in the table above for: Direct Payments From Customers (up to 3%)

      Reply
  10. hinan

    hi … i am not new to payoneer but i did not used my account almost 5 years .. thinking about using ur service.
    i have few question. the company who provided me card is long gone so
    1- how can i deposit funds in my payoneer account?
    2- can i deposit through my bank account … if yes ? what are the fees ?

    Reply
    1. Alex Post author

      Hello @Hinan,
      Thank you for leaving a comment on payoneerhelp.net.
      There are many ways you can use to fund your Payoneer Account.
      1. You Receive Cross-Border payments from Clients & online Marketplaces such as Ad Networks, Affiliate Networks, Freelance Sites etc.
      2. You can fund your account directly from US Banks, Euro Banks etc. [Check your Global Payment Service].
      3. You can request payments from other Payoneer Customers to fund your Payoneer Account.

      Regards,
      Alex

      Reply
      1. Alex Post author

        And, you cannot use your Local Banks to fund your Payoneer Account except the available banks listed in your Global Payment Service feature.

        Reply
  11. Ricardo Sandez

    Hey! So if I buy, for example, airplane tickets worth 750$ online Payoneer won’t charge any fees for this transaction, right?

    Reply
    1. Alex Post author

      Online purchases in $ (Dollar), Euro & GBP are free of cost and you won’t be charged for the transaction, however, if your transaction needs currency exchange from the above-mentioned currencies into other currencies, then you will be charged up to 3.5%.

      Reply
  12. Maaz ali

    Hi Alex, The article is really very much Informative, I really want to know only One thing Currently I’m in Greece until next Saturday Should I order my Payoneer MasterCard if they can ship me in very limited days ? And the other question is Do I have to pay for the card ? While Revive ng the card ?
    Thanks

    Maaz ali

    Reply
    1. Alex Post author

      Hello, Maaz Ali,
      Thanks for commenting on payoneerhelp.net!

      You can apply & register with Payoneer right from that country but receiving a Card takes 20 to 40 days or around that so the bottom line of the answer would be You cannot receive the Card within such limited days.

      You will be charged by Payoneer $29.95 for a year for using & activating their Card with your Account.

      Hope this helps. Let me know if you have any further question!
      Alex,
      payoneerhelp.net

      Reply
  13. Ahsan

    I am going to USA , Can I use the payoneer card in ATM Machines there? Also Will they charge me anything? If I make ATM withdrawals in $$?

    Reply
    1. Alex Post author

      The Payoneer Card can be used anywhere & anytime across the World including USA, UK, Pakistan etc. But just make sure that the ATM is MasterCard supported.
      The regular fee of withdrawing money from Payoneer using ATM is $3.15 as mentioned above, however, some extra (1-5$) will be charged by the ATM you’re using to withdraw your money.

      Hope this helps.
      Let me know if you have any further Question!
      Regards,
      Alex

      Reply
  14. muhammad hinan akram

    hi. can i withdraw funds to my payoneer card … e.g from exchange cex.io

    Reply
    1. Alex Post author

      Do you already have a Payoneer Account? If not, simply read our Step by Step Payoneer Sign UP Guide.
      If you already have Payoneer account then you might use the MasterCard or as you said the Card to deposit & withdraw money from cex.io quickly, easy & with less fees.
      It’s quite easy to withdraw funds from cex.io.
      All you need to do is simply log into your account, go to the withdrawal page, link your Payoneer account with Cex.io & then proceed according to the instructions & you’ll be able to receive & withdraw funds to your Payoneer Account.

      You can deposit funds to Cex.io from Payoneer as well.

      Let me know if you have any further question…
      Alex

      Reply
      1. muhammad hinan akram

        yes, i have Payoneer card but I have not used it for a while. last time i checked it says i have to receive a payment for a card issuer originally who made the card for me ( smotion.com). so if i withdraw from cex.io. will it work?
        2ndly can i have more than 1 Payoneer accounts?

        Reply
        1. Alex Post author

          Hello @Muhammad,
          The first thing is that if You have signed up for Payoneer account, you’ll need to receive payments to your account before the Card Order option appears (This restriction is limited to a few countries only).

          You cannot use & link any third-party Cards and no one outside Payoneer can send & ship it to you. You don’t need to pay anything for the Payoneer Card to receive. All you have to do is order a genuine ATM Card right from your Payoneer Account.

          The last answer is You cannot hold more than 1 Payoneer account under your NIC or Passport Number. However, you can apply for a new account using your family or friends’ NIC, Passport or Driving License.

          Hope this helped you.
          Let me know if you have any other question.

          Reply
  15. Anneke

    Hi Alex, I’m thinking of joining Payoneer, but after reading this post, I still have a few questions :

    Do I have to pay the annual 29,95$ fee for the card if I will never use it? (I already have a free Mastercard of my bank). Or do I pay for it the first time, and not activate it the next year? How does this work?

    Are Photo Stock Agencies considered as Marketplaces? I will receive payments from them in USD and I live in Europe, so withdrawing to my bank account will be in Euros : that’s 3,5% off for currency exchange + 1$ for bank withdrawal? Or did I understand wrong?

    Thanks for your patience with us! You’re very helpful.
    Anneke

    Reply
    1. Alex Post author

      Hello @Anneke,
      Thank you for commenting on PayoneerHow.

      Payoneer does not charge you anything except their Payoneer Card. If you don’t order & link it with your account, you won’t be charged. And, as you said, you have your local bank ATM CARD, so you cannot link it with your Payoneer account but you can withdraw funds from your Payoneer account to your local bank account & easily withdraw it through your local bank atm card.

      Photo Stock Agencies are considered as Marketplaces and each time you receive payments from them in US Dollars and then you withdraw those funds right to your bank account, you will be charged up to 2% by Payoneer for exchanging the currency from US Dollars into Euros and some more funds transferring fee might be deducted by your local bank account.

      Hope this helps. If you have any question, please let me know by replying here.
      Alex

      Reply
      1. Anneke

        So the 3.5% is only for purchases in a different currency, and the 2% is for exchanging currency for a withdrawal? Sorry for asking again, but that is a BIG difference.

        Reply
        1. Alex Post author

          I think you’re confused because I have mentioned 3.5% in the above comment. If you purchase anything in Euro using your Payoneer Card and your account balance is in US Dollars then you’ll be charged up to 3.5% as mentioned on the Payoneer official Site.

          However, you’ll be only charged 2.5% for withdrawing funds into bank account in a different currency.

          3.5% applies to Online Purchase while 2.5% fee applies to withdrawing funds from Payoneer to a bank account.

          Reply
          1. Anneke

            Thanks Alex! That is clear! I will visit the Payoneer website and see if I can find which exchange rates they use. Right now I’m being paid with PayPal, which results in a difference of about 3,5 to 4% with the official exchange rates, so 2 or 2,5% would really be interesting. Thanks again!

          2. Deborah

            You’ll only be charged by Payoneer up to 2.5% BUT your bank WILL charge you more a fee as well. My bank charged me 0.125% which is around $100USD when I made a withdrawal.

            BEWARE. Payoneer withdrawal comes with a HUGE con, check with your local bank first how much they will charge for International Transactions coming from Payoneer. No one tells you this.

        2. Jacqueline Knorr

          Check out Transferwise. Lower fees than any bank, paypal or exchange place. Besides that you can keep balances in your account in 40 + currencies since it is a borderless account.

          Reply
  16. Damian

    Please I will like to know if the local bank withdraw is available to Nigeria

    Reply
    1. Alex Post author

      You can check whether or not this feature is available for your country by logging into your Payoneer Account and going to the Bank Withdrawal page.

      Reply
  17. REDA

    Dear Payoneer
    What is the procedure for closure the account in payoneer?

    Reply
    1. Alex Post author

      Hey REDA,

      Else you can get in touch with the Payoneer Account Support team for direct help.

      Reply
  18. Amanuel

    hello I would like to know ..
    1 . can I open Google play developer account using payoneer card.
    2. does the local bank withdraw is supported in Ethiopia.
    3. my email is registered with wrong information while I was checking the sign up page , and now I can’t register using my email …is there a way to fix it?
    4. can I start receiving payments as soon as I get the card or there is activation procedures before using the card?

    thanks

    Reply
    1. Alex Post author

      Hey @Amanuel,

      I’m sorry for the late response!
      And thank you for stopping by on our Payoneer Card Fees page.

      The easiest way to get possible support for your country and the issue you’re having with your Payoneer Account info is to get in touch with your Payoneer Account team.

      Hope this helps.
      Regards,
      Alex

      Reply
  19. ghulam

    How much will be cut from my payoneer card in AED when i will withdraw from ATM ? please confirm thanks .

    Reply
    1. Alex Post author

      Hello @Ghulam,
      Thank you for commenting.

      When I withdrew 300AED using the ATM, Payoneer along with the ATM cut 28 AED from my account. So this can happen to you as well but the amount you withdraw through any ATM does not increase the Fees but instead, you’ll be charged 20 to 30AED for the transaction of any amount.

      Withdrawing money in USD (Dollars) from any ATM will help you reduce the fees because the ATM won’t charge any exchange fees.

      Hope you got it.
      Let me know if you have any question.

      Reply
  20. Anneke

    Hi Alex,
    Since my last comment/question, I signed up with Payoneer, and I changed my payment settings on 1 agency to Payoneer without problems. For this, I logged into the agency, changed the setting to Payoneer, and had to log-in to Payoneer to finish the setting. This felt safe and secure. However, now I want to change my settings at another agency, and they just ask for my payment address. Do I just fill in my user name ?
    thanks, Anneke

    Reply
    1. Alex Post author

      If your agency is accepting Payoneer then choose Payoneer as a payout method and it will then redirect you to the Payoneer website and there you can easily link your Payoneer account with the Agency you work with and by following this step, you’ll be able to request payments through Payoneer.

      Regards,
      Alex

      Reply
  21. pejwan

    halo i have some question.
    1. can i use payoneer to sign up stripe account ?
    2. how much fee for WD from USD to IDR ? is it 2% ?
    3. whether there is an annual or monthly fee besides a annual of $ 29.95 ?

    Reply
    1. Alex Post author

      Hey @Pejwan,
      1. You can sign up for Stripe with or without Payoneer Account.
      2. If you withdraw funds using ATM or Payoneer MasterCard through ATM in a different currency than the one you have balance in your account then there will be around 3.5% conversion fees by Payoneer while $3.5 fee will be charged by Payoneer MasterCard.
      3. There is no monthly or annually fees by Payoneer except the Payoneer Card Activation & then Renewal fee each year which is $29.95 as you have already mentioned.

      Let me know if you have any other question related to Payoneer.

      Regards,
      Alex

      Reply
  22. Gabriel Amodeo

    Quick question: If i order my payoneer card and never use it / charge any funds to it, will I still be charged for the annual maintenance fee?

    Reply
    1. Alex Post author

      Yes, Once a Card is issued for your account & you activated it with your account, you will have to pay $29.95 Yearly Fee.

      Reply
  23. Joseph

    Hello Alex
    I register with payoneer 3 years ago and my debit card was sent but I never used the account.
    Now I want to use the account,Please how can I get another debit card and will I be charged again for it or can still use my previous debit card sent to me 3 years ago.
    And again when I logged into my account, I noticed the card was deactivated which I activated again so I was wondering if I can still use the card or I need another one and how to get it.
    Thanks

    Reply
    1. Alex Post author

      Hello @Joseph,
      Thank you for commenting on payoneerhelp.net.

      Since you received your card three years ago, I’m sure you cannot use it because every card expires after 2 Years. The expiring date is written on the front of your Card. Kindly check it and if it’s expired, then just log into your Payoneer Account and go to Request A New Card page and request a new Card for your Account.

      If you have order Card for your Account and linked it to your account, you will be charged $29.95 Yearly for using the Card whether you use it or not.

      Reply
  24. Emjay

    Will I still be able to withdraw to my bank account if I will have my card deactivated?

    Thank you.

    Reply
    1. Alex Post author

      Yes, Payoneer can easily send your payments right to your bank account but make sure you have linked your local bank account with Payoneer. The minimum withdrawal limit is $50.

      Reply
  25. Gbenga Obayomi

    Can I transfer funds from my payoneer card to my local bank account using my local ATM ? Because the minimum amount for bank transfer for my country is $1000 and this is way too high. Also if I decide to do the withdrawal by means of ATM, the fees accumulates as am not allowed to make huge withdrawal from the machine. I have $680 to withdraw.

    Reply
    1. Alex Post author

      Hey Gbenga,

      Withdrawing funds from your Payoneer Account through Payoneer ATM Card will cost you a lot of fees including conversion fees & bank withdrawal fees however if you would like to withdraw through Local Bank account then it will save you a lot of fees & charges and also there’s no limit on how much you can withdraw through local bank account but the minimum withdrawal amount is $50 for local bank withdrawal.

      Alex

      Reply
  26. shina anifowoshe

    Hi Alex.

    I would like to know – If funds have been transferred to my Payoneer prepaid card but I don’t want to use the Payoneer card for withdrawal, can I still make the withdrawal with my local bank account? Because right now I don’t want to use the prepaid Payoneer card because of the huge charge fees attached to it.

    I earn relatively average (not much) money via ads network, and I don’t even want to have that significant decrease in my money while withrawing.
    So is it possible for me to withdraw with my local bank transfer from funds originally transferred to my Payoneer card?

    Reply
    1. Alex Post author

      Hey @Shina,

      Normally Payoneer does not put your balance just either in your Payoneer Prepaid Card or your Payoneer Account but rather you can use your funds/balance using any method and even can withdraw either through Payoneer Card using ATM or you can easily withdraw through Local Bank Account.

      It doesn’t matter whether you have funds in your Payoneer Account or Payoneer MasterCard.

      Regards,
      Alex

      Reply
  27. arjun

    Hi alex,
    I am from Nepal. How much money is required to receive the mastercard? and also how to send that money to payoneer?

    Reply
    1. Alex Post author

      No money is required before ordering a Payoneer MasterCard. However, in some countries, you’ll need to have at least $100 in your Payoneer Account before the Payoneer MasterCard Order option appears. There out are a bunch of ways you can use to receive payments to your Payoneer Account such as you can receive payments from Ad Networks, Freelance Sites such as Fiverr, UpWork etc or you can directly receive payments from other Payoneer Customers etc.

      Reply
    1. Alex Post author

      Yes you could get the Payoneer $25 Bonus before but now you will be required to receive at least $1000 to get that bonus. Before the requirement for receiving the $25 Bonus was $100 only.

      By the way, if you have signed up using our new Payoneer affiliate link then you would earn $35 to $50 instead of $25.

      Alex,

      Reply
  28. Deborah

    For anyone reading this, beware that while Payoneer may not charge that much for withdrawal to local banks, your local banks will charge you a LARGE SUM of money (in my country is 0.125% and transactions have to be more than u$d 1001 – so that’s u$d100 right off the bat). So you’ll lose the 2% from Payoneer + 0.125% plus local taxes from your bank.

    It’s best to withdraw money from an ATM in USD.

    Reply
    1. Foodie

      Care to reveal how much is your withdraw amount.How did you arrive the USD100 deduction from your withdrawal?

      Reply
  29. ataur

    Hi Alex,
    what if i load 25$ four times will i get bonus 25$?

    Reply
    1. Alex Post author

      It was possible before but Since Payoneer has changed its policies, a new user now must receive at least $1000 in total before the Sign Up Bonus is credited to the user’s account.

      Reply
  30. ataur

    hi thank you……..can i withdraw 40$ from payoneer to loacl bank ? i need to withdraw

    Reply
    1. Alex Post author

      Yes, Bro, You can easily withdraw payment from Payoneer through your Local Bank Account but the minimum withdrawal amount is $50 as of now.

      Reply
  31. Cristina

    Hello, I currently use Paypal but they charge too much. Can you tell me: 1) I have a credit card, can I link it to my payoneer account? or I have to order a payoneer card (if so how much it will cost me once I ordered and annually). 2) What are the fees of the company transfering the money into my payoneer account? If I can link my card to payoneer account, what is the fee when payoneer transfers the money to my card?

    Reply
    1. Alex Post author

      Hey @Chistina,

      You can’t link any third-party ATM Card or Credit Card with Payoneer but you can order a new Payoneer Card.
      There is only $29.95 yearly Payoneer Card fees and normally when you request payments or any company you work with sends you Payments then you’ll be able to get that payments transferred to your Payoneer Account for $2 or $5 only.
      $2 for two days transfer while $5 for instant two hours payments transfer.

      Regards,
      Alex

      Reply
  32. Mark lionel

    Nice post I was really scared of payooner but now you got be covered. I love your blog. You really doing well. please let me just get a back link from you. Thank you

    Reply
    1. Alex Post author

      No we don’t tolerate any kind of spamming on our blog nor we like to scam our beloved READERS!

      Hope this helps.
      Alex

      Reply
  33. Juan

    Hello.

    I Have a card in US, made in UK (Payoneer said). I live in Mexico and everytime I get cash from ATM charges around 3.5% . What would be the % if I go to USA and get cash in USD?

    Reply
    1. Alex Post author

      There won’t be any percent (%) Payoneer ATM Fees (However I don’t know if the ATM will charge you any extra) if your Payoneer Balance is in Dollar ($) and you withdraw funds in Dollars ($).

      Hope this helps.
      Regards,
      Alex

      Reply
  34. Blessing

    Hello,
    I got a shocking news of my life when I see a transaction notification of $2,125.60 stating manual charge. I don’t understand what that means. Though I linked a bank withdrawal details but still under review before I received a mail that I can no longer use my account to receive payment nor make payment to other payoneer account.
    What does manual charge means?

    Reply
  35. Princila

    Helpful information, thank you.

    Local banks here do not accept checks paid in US dollars so I had to sign up with Payoneer so that I can have a US bank account. I can then withdraw my payments via Payoneer to a local bank account. A colleague advised me not to use the Payoneer Master card because it comes with hefty charges; however, I can’t withdraw payments to my local bank account without activating the Master card.

    My main concern is whether I still have to pay a monthly fee after paying the annual activation fee. I have searched for answers in the Payoneer Community but couldn’t get any helpful response.

    Thanks!

    Reply
    1. Alex Post author

      Hey @Princial,

      thanks for stopping by.

      No, you won’t need to pay any Monthly Payoneer MasterCard Fees. However, upon using the Payoneer MasterCard, you’ll have to pay $29.95 yearly fees.

      Alex

      Reply
  36. Aakif Hassan

    Hello,

    I have payoneer card in GBP currency . What is the minimum limit for withdrawing the money from atm and what are the charges?

    Reply
    1. Alex Post author

      Hey @Aakif,

      I’m currently using Payoneer Card in US Currency and the minimum withdrawal of it I think is around $210 to $230. However I don’t know about the Payoneer Card in GBP Currency.

      It’s better to get in touch with your Payoneer Account Manager/Support Team.

      Alex,

      Reply
  37. Azam

    hello i have some question.
    1. is payoneer deduct any fees related to activation before receiving mastercard.?
    2. what was the usage of sign up bonus is it used for paying activation charges?

    Reply
    1. Alex Post author

      No Payoneer doesn’t charge anything just for applying for Payoneer Account and also you won’t be charged for the Payoneer Mastercard if you have ordered and not verified and linked with your account.

      Once you have received and linked with your account, you will be charged for the card annual fee which is I think $29.95.

      Reply
  38. Ingrid

    hello , how much is the charge for withdrawal to your local bank account? is it depending on the amount you withdrew? i want to know so i could compare coz my friends have contradicting feedback ,one says she never gets charged whenever she withdraws money from payoneer while the one says he was charged $1. they received money from both funding source, so im just thinking, maybe the amount they withdraw matters , hence ,the charge and no charge? they live in the philippines

    Reply
    1. Alex Post author

      Withdrawing through Local Bank Account in same currency will cost you around $5.95 to $9.95 however I’m not sure how much fees does Payoneer charge exactly and probably the Bank will also charge you a fee for making a transaction or funding your account.
      However funding your local bank account from Payoneer in a different currency will charge you around 2% of the total amount apart from the $5.95 to $9.95 bank withdrawal fees.

      Let me know if you have any other question.
      Regards,

      Reply
  39. Juan Gonzalez

    Hi. I would like to know if I open a payoneer account to be used in USD Will it have a routing and account number such as a bank would so I can have money deposited there with that information? Will the account be under my name?
    As an example, I would like to have USD arrive at my payoneer account coming from different sources such as a US bank account or Coinbase or a Stock Brokerage account. Those require a routing number + account number + the account to be in my name.
    Also would like to know how much it would cost to send US dollars from my payoneer account through wire to a Colombian Bank Account.
    Thank You-

    Reply
  40. Lander

    Hey Alex thx for this great post, do you know if they charge u for the first shpping the card in the first time? Adding that I’m not in the US, or the shipping for the first time is free?

    Reply
    1. Alex Post author

      Hey Lander,

      When you have ordered your Payoneer Card and you have linked it with your Payoneer Account but don’t have any balance in your Payoneer Account then you won’t be charged however once you have received funds into your account, Payoneer will charge you $29.95 yearly fee and after one year, you’ll again need to pay the yearly Payoneer card fee which is again $29.95.

      Hope this helps.
      Alex,

      Reply
    1. Alex Post author

      Hey Umair,

      Yes there is a yearly Payoneer Master Card fee which is $29.95 and we have mentioned it in our above post.

      Let me know if you have any other question regarding Payoneer and I’d be happy to send you a reply BACK!

      Thanks & Warm Regards,
      Yasar ~

      Reply
  41. Paula Edwards

    Hi, I hae had my payoneer card over 2 years. It has been deactivated and reactivated twice. Funds were never loaded unto it. Question, how much will be charged for annual fees if I do activate it this time and start to use I?

    Reply
  42. Imtiaz Hussain

    Dear Sir I am working with Payoneer since 15 Sep 2015. I have not been issued card. In early 2018 I was
    issued Card with my e-mail [email protected]. The card has been blocked for the reasons best known to Payoneer. I request that my card be unlocked and sent to me for withdrawal of money

    Reply
  43. Bahati

    Hello, thanks for such info, but i have one problem.
    I have created a payoneer account, received a few dollars from upwork.inc but i can not send that money to any one. there is a message telling me that I have to receive some other payments to be able to send to anyone.

    cam you please tell me if you know, how much payments do i have to receive in order to be able to send to others?

    Reply
    1. Alex Post author

      I don’t have any idea about it because anyone can receive & send payments directly without any limitations & restrictions. However, there might be some restrictions on your account so it’s better for you to go and get in touch with your Payoneer Account manager right away and he’ll help you sort out this issue in no time.

      Please let me know if you have any other question.

      Reply
      1. bahati

        i HAVE TRIED to read many articles about it, and it seems to be an issue to many. they respond by saying that i have to receive other payments in order to be able to send to anyone.

        if you have some contacts of them or ideas, please helpme. i can not keep loading my money some where i have no idea to withdraw or pay for anything.

        Reply
  44. David

    Hello, i want to open a payoneer account but im hesitating.
    Can you please clarify. if the minimum amount to withdraw money into your local bank account is 50$, and payoneer charge 2$ – 5$ for every transaction, are they deducting that amount(2$-5$) or any other fees directly from my local bank account or only from funds sent to my payoneer account?

    I DON’T WANT PAYONEEER TO HAVE DIRECT ACCESS TO MY LOCAL BANK ACCOUNT AND DEDUCT FUNDS AT WILL FOR WHATEVER USE THEY CHARGE ME WHEN I USE THEIR SERVICES.

    Reply
    1. Alex Post author

      Hey @David,
      I’m sorry for the late response.

      Now you’re asking the question so No, Payoneer does not have access to your Local Bank Account but yes if you will withdraw money from your Payoneer account via your Local Bank Account then Payoneer will cost you the fees & charges right from your Payoneer Balance that you’ll withdraw from your Payoneer Account and not from the Balance that you have in your Local Bank Account.

      Payoneer does not have any access to your Local Bank Account in any way!
      Hope this helps.

      Reply
  45. David

    Hi,

    Does payoneer only deduct fees or any other charges from funds in my payoneeer account or do they deduct fees directky from my local bank account?

    NB: I DON’T WANT THEM TO HAVE DIRECT ACCESS TO MY LOCAL BANK ACCOUNT AND CHARGE ME DIRECTLY FROM THERE.

    Reply
  46. Aleks Angelov

    Hello Alex, I have been using Payoneer from quite some time now. I am located in Bulgaria where the currency is BGN. At the moment it trades for about 1.71 to the USD. However,on my ATM withdrawals which normally are 400 BGN each , I get charged about $250, which would set the rate to 1.61 , or to explain it in other words , I get about $11.50 to $12 fees on each withdrawal. as seen in my transactions page. I only noticed that recently and i was living with the asumption that $3.15 is the only fee Payoneer will charge upon ATM withdrawal.
    $12 fee on $250 withdrewn is not really a great deal, but maybe I am doing something wrong ?
    I would apriciate your responce on my email !

    Reply
    1. Alex Post author

      Hey @Aleks,

      Withdrawing money from your Payoneer Account via ATM is very much costly & they cost a lot of fees. Normally when I myself withdraw money from my Payoneer Account via an ATM, I’m normally charged around $8 by Payoneer and the maximum amount that I can withdraw at one time using my Card is just $210. But instead of withdrawing via ATM I’d highly recommend you to Link your Local Bank Account with Payoneer and withdrawing via your Local Bank Account would help you save a lot of fees and also this is the recommended method for withdrawing money from your Payoneer Account according to Payoneer Official Team.

      Hope this helps.’
      Plz do let me know if you have any other question.

      Reply
  47. Riad Ahmed

    Hello, I have a question. If I receive an master card and active for first time. How much charge for master card activation? Please tell me?

    Reply
  48. Cathy

    Hi! Thanks for this great post Alex, a few more questions about usage in 2019. I have a EUR bank card and plan to use it when I travel in Austria/France in a few weeks. I plan to use it mostly for hotel bookings, shopping etc. Recently I’ve started using it and I’ve noticed that sometimes the card charges exactly what you’ve paid for, but sometimes they have a 20% extra fee. I’ve read multiple posts on Payoneer forum and it seems like they are “holding” a certain amount for things like hotel reservations. Have you any experience with this? Do you know if these “extra” charges get refunded back to the card user? It’s rather ridiculous but I’ve made the stupid mistake of asking for a card, and now I can’t do much other than use that money off of the card now.

    Another question: my account address is in the United States, but I plan to withdraw EUR at an ATM inside the Euro zone (in Austria/France). Other than the standard ATM withdrawal fee they have listed, do you know if they charge you any currency exchange fees? I am not talking about the ATM (i.e. “dispensing” bank’s fees), since this is something entirely independent to that bank/ATM I am using, but I mean any additional Payoneer +MasterCard fees.

    Thank you!

    Reply
  49. Rivo

    Hello Alex,
    I have joined payoneer in March 2018. Since then, theWithdraw Minimum threshold is $1000 and I could not make any withdrawal because on one side the amount is not enough, and on the other side this could help me to save money.
    Today, I was surprised to find that the Withdraw Minimum threshold is $ 50. Will this Withdraw Minimum threshold of $ 50 be permanent or it may return in $ 1000. What are the conditions and factors of this possible change, or may we ask to fix it?

    Reply
  50. Sanjoy Chandra Das

    If I have two Payoneer master card like – USD card and Euro card. Then how much annual charge will be altogether?
    Is it still $29 or $60 altogether?
    Please let me know.
    Thanks

    Reply
  51. efe

    hi , i would like to send the funds from my payoneer card to my local bank account in Nigeria or my domiciliary account . i earn in dollars. thanks for your assistance.

    Reply
    1. Alex Post author

      Probably you’re withdrawing funds from Fiverr only? Right? Actually, Payoneer does charge $2 or $5 for normal or instant withdrawal. However, Fiverr is a freelancing platform and Payoneer is a very close partner of them so that’s why Payoneer charges a very less fee than other platforms and companies.

      Reply
  52. Veronika

    Hi, I would like to ask you. if i got a billing request from my seller(in Ukraine). i have a payoneer account but I have never used it, so Im gonna fill this billing request with my debit bank card details. Am I gonna be charged for this transaction? Or do I have to pay any fee?
    Thank you for your answer.
    Your Article and advices are very helpful!

    Nika

    Reply

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