Payoneer Review 2018: Pros & Cons of Using Payoneer

Payoneer is an incredibly popular international money transfer platform that enables you to accept payments from foreign clients, get payments from freelance marketplaces, affiliate networks, ad networks, and so on.

Ease of Use

Extremely easy to use.

Money Transfers

Secure and fast money transfers.


Good support but some delays.


Not so low but reasonable.

The Good

  • Easy to use.
  • Global payment services.
  • Supported by popular companies.
  • Direct bank withdrawal.
  • International Prepaid Card.

The Bad

  • Hefty card renewal fee.
  • Not 24/7 customer support.

If you are not sure whether Payoneer is the right payment platform for you or not, you have come to the right place. In today’s post, I will discuss everything you need to know about Payoneer. After reading this in-depth Payoneer review, you will know how to get started with Payoneer, how to receive and withdraw money, what charges you have to pay, and so on.

Let’s get started with a brief introduction to Payoneer.

What is Payoneer?

Payoneer is one of the leading payment processing companies that allows you to receive money from 200+ countries. It is considered as one of the best PayPal alternatives. The company started its operation in 2005. Throughout its journey, Payoneer went across the globe with 12 offices worldwide. As a result of its rapid growth, it is included in the list of top 100 financial companies in the world.

Payoneer offers Prepaid card to its customers. You can use this card to withdraw money, make payment, book hotels, purchase things online from anywhere in the world.

Now that you know what Payoneer is, let’s find out how to get started with this money transfer system.

Getting Started With Payoneer

It is very simple to create an account with Payoneer. You can create a new account by clicking here. If you follow this link and sign up, you will get $50 bonus once your $1000 on your account.

Once you have signed up, you can apply for the prepaid card. If everything is okay, your request will be approved, and the card will be shipped to your mailing address. After receiving the card, you need to activate it. The card will come with step-by-step instructions about the simple activation process.

At this moment, these cards are valid for three years. Payoneer will remind you three months before the expiry date. You will receive the new card without any extra charge.

Most people use Payoneer to collect payments from various sources. Therefore, it makes sense to discuss that feature next.

Receiving Payments

There are several ways to receive payments in your Payoneer account. Let’s check out the available options one by one.

  • Global PAYMENT

Mass payout is a unique feature of Payoneer. This feature makes it a lot easier to get payment from thousands of integrated companies including the leading freelance marketplaces, e-commerce sites, and stock photography sites. Currently supported companies include Amazon affiliate, Upwork, Fiverr, CJ Affiliate, ClickBank, Rakuten, Teespring, Airbnb, Getty Images, 99designs, Envato, PeoplePerHour, and lots of other renowned brands.

Withdrawing Money

Payoneer offers a number of ways to withdraw money from your account. Now that you know the options for receiving payments, let’s check out the available withdrawal options.

  • local bank withdrawal
  • payoneer mastercard
If you want total freedom in withdrawing money from your Payoneer account, the prepaid MasterCard will be the best choice for you. You can use this card to withdraw money in more than 150 currencies in 200+ countries. You can withdraw the money as soon as within two hours of receiving the payment.

Making Payments

There are several ways to pay with Payoneer. Here are some of the ways that you can use to make payments.

  • making a payment
  • global bank transfer
  • prepaid mastercard
You can use this method to pay to other Payoneer account holders. Making this payment is free of charge and it's fast. You can make payments to more than 200 countries. 

Payoneer Fees

Since Payoneer is providing financial services, they apply some charges. However, creating the account is free. And if you sign up by using an affiliate link, you will get a bonus too.

Let’s get started with the fees of receiving payments. Receiving a payment from another Payoneer customer is free. When using local bank accounts in USD, you have to pay a 1% fee. Using other local bank accounts don’t involve any charges.

If you are getting paid through a credit card, there is a 3% fee. And when receiving money from various freelance marketplaces, ad networks, or other sources, the rate depends according to the source.

Next, let’s find out what are the fees for withdrawal. When you are withdrawing the money to your bank account in local currency, the fee will be up to 2%. And if you are withdrawing the money in USD, EUR, or GBP, the fee will be a flat 1.50 for all of these currencies.

There are some other fees related to the Payoneer Card. First of all, ATM withdrawals will cost you $3.15 per transaction. There are $1 fees in case of ATM decline, or ATM balance inquiry. The annual charge is $29.95, and you can get a replacement card for $12.95.

Payoneer Mobile Apps

Payoneer has dedicated apps for both Android and iOS. The mobile apps allow you to track the payment history of your account. You can check out the current account balance in 20+ currencies.

As the apps support more than 19 languages, it is possible to track your account in your local language.

Customer Support

There are several ways to get customer support from Payoneer. First of all, you will find several video tutorials that provide answers to some of the most common questions.

The dedicated support center includes written answers to all the common questions. You can explore the different categories or search for a specific topic. There is a dedicated forum too.

If you can’t find your answer on any of those sources, you have several other options – send them a message, start a live chat, or make a phone call. The live chat is not available in 24/7.

Pros & Cons

Now that you know what features and services Payoneer offers, it’s time to check out the pros and cons of the payment processing service.


    • Simple sign up process.
    • Local bank accounts in different currencies.
    • Get paid from most freelance marketplaces, affiliate networks, advertisers, and e-commerce sites.
    • Direct withdrawal in your bank account.
    • The Payoneer Card works anywhere in the world.


  • Hefty renewal fee for the card.
  • Live chat and phone support not available 24/7.

Final Words

As you have seen from the discussion above, Payoneer makes it very easy to accept payment from your clients and various companies. The simple withdrawal options and the prepaid card are other reasons behind the immense popularity of this global money transfer company.

So, what do you think about Payoneer? Does it offer the money transfer option you are looking for? Let me know in the comments below.



Payoneer makes money transfers insanely easy. It supports more than 200 countries with different currencies. It offers a free MasterCard.

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Istiak Rayhan

Istiak Rayhan is the founder of, a blog that aims to make bloggers' journey easier. Istiak loves to help newbie bloggers to build a better blog. Here's more about him.