Payoneer

Summary
Payoneer is a global payment platform that enables freelancers, businesses, and marketplaces to send, receive, and manage international payments. It offers multi-currency accounts, a debit card for spending, and various payment solutions including mass payouts and API integration, aiming to simplify cross-border transactions with competitive rates and transparent fees.
Rationale
Payoneer offers a comprehensive global payment solution that aligns well with the description of Wise. It provides multi-currency accounts, transparent fees (though not explicitly 'mid-market exchange rate transfers' in the same way Wise emphasizes), and a debit card for international spending. The platform supports fast transfers, batch payments, and API integration, catering to freelancers, businesses, and marketplaces. While it doesn't explicitly state 'mid-market exchange rate transfers' as a core value proposition, it emphasizes 'excellent exchange rate' and 'competitive rates' for currency conversions and withdrawals, suggesting a focus on favorable rates. The 'transparent low fees' are clearly stated and detailed on their pricing page. The platform also offers business-specific features, invoicing, and robust customer support.
Pricing
Tiered

Receiving Payments - Payoneer Customer

$0.00 one time
  • Receive payments from another Payoneer customer's balance

Receiving Payments - Direct by Clients (Credit Card)

OTHER 3.99 per use
  • Receive payments from clients via credit card

Receiving Payments - Direct by Clients (ACH Bank Debits)

OTHER 1.00 per use
  • Receive payments from clients via ACH bank debits (US only)

Receiving Payments - Direct by Clients (PayPal)

OTHER 3.99 per use
  • Receive payments from clients via PayPal (US only)

Receiving Payments - Via Receiving Accounts (Local Currency)

$0.00 one time
  • Use Payoneer receiving accounts like a local bank account
  • Receive funds in local currency of primary location

Receiving Payments - Via Receiving Accounts (Other Currencies)

OTHER 1.00 per use
  • Use Payoneer receiving accounts like a local bank account
  • Receive funds in non-local currencies

Paying from Payoneer Balance - To Payoneer Account (Different Country)

OTHER 1.00 per use
  • Pay recipients with a Payoneer account in a different country

Paying from Payoneer Balance - To Payoneer Account (Same Country)

$4.00 per use
  • Pay recipients with a Payoneer account in the same country (USD, EUR, GBP)

Paying from Payoneer Balance - To Bank Account (Recipient No Payoneer Account)

OTHER 3.00 per use
  • Pay recipients directly to their bank account if they don't have a Payoneer account

Paying from Payoneer Balance - To Bank Account (Local Currency, Same Country, <$50k/month)

$1.50 per use
  • Pay to local bank account in same currency and country
  • Monthly payments/withdrawals up to $50,000 USD/EUR/GBP

Paying from Payoneer Balance - To Bank Account (Local Currency, Same Country, >$50k/month)

OTHER 0.50 per use
  • Pay to local bank account in same currency and country
  • Monthly payments/withdrawals over $50,000 USD/EUR/GBP

Pay a Payoneer Customer (Credit Card)

OTHER 3.99 per use
  • Pay a Payoneer customer via credit card

Pay a Payoneer Customer (Local Bank Transfer)

OTHER 1.00 per use
  • Pay a Payoneer customer via local bank transfer

Pay a Payoneer Customer (ACH Bank Debit)

OTHER 1.00 per use
  • Pay a Payoneer customer via ACH bank debit (US only)

Pay a Payoneer Customer (PayPal)

OTHER 3.99 per use
  • Pay a Payoneer customer via PayPal (US only)

Pay a Payoneer Customer (Direct Bank Payment - UK)

OTHER 1.00 per use
  • Pay a Payoneer customer via direct bank payment (UK only)

Payoneer Card - Annual Fee (First Card)

$29.95 yearly
  • First Payoneer card

Payoneer Card - Express Shipping

$40.00 one time
  • Express shipping for Payoneer card

Payoneer Card - Currency Conversion Transaction

OTHER 3.50 per use
  • Transactions involving currency conversion with Payoneer card

Payoneer Card - Cross-Border Transaction

OTHER 1.80 per use
  • Cross-border transactions with Payoneer card

Payoneer Card - ATM Withdrawal

$3.15 per use
  • ATM withdrawals with Payoneer card

Payoneer Card - Balance Inquiry

$1.00 per use
  • Balance inquiry at ATM with Payoneer card

Payoneer Card - Card Replacement

$12.95 one time
  • Replacement of Payoneer card

Manage Currencies - Transfer Between Balances

OTHER 0.50 per use
  • Move funds between Payoneer balances

Withdraw to Bank Account - Different Currency Balance

OTHER 3.00 per use
  • Withdraw funds to local bank account from a different currency balance

Withdraw to Bank Account - Non-Local Currency

OTHER 3.00 per use
  • Withdraw funds to bank accounts in non-local currencies (specific regions)

Withdraw to Bank Account - Same Currency Balance (Fixed Fee)

$1.50 per use
  • Withdraw funds to local bank account from same currency balance (fixed fee)

Withdraw to Bank Account - Same Currency Balance (0.5% Fee)

OTHER 0.50 per use
  • Withdraw funds to local bank account from same currency balance (0.5% fee for high volume)

Withdraw to Bank Account - Non-Local Currency (General)

OTHER 3.00 per use
  • Withdraw funds to bank accounts in non-local currencies (general)

Annual Account Fee

$29.95 yearly
  • Account maintenance
  • Less than $2,000 USD (or equivalent) received over a 12-month period

Escheatment Fee

Custom
  • Processing fee for escheatment of funds
Features

Must Have

4 matches

Transparent Low Fees

Multi-Currency Account

Borderless Debit Card

Fast Transfer Execution

Other

8 features

Batch Payments

API Integration

Business Account Features

Invoice Creation

Mobile App

Regulatory Compliance

Multi-User Access

Customer Support