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Payoneer Fees: Everything You Need to Know

Compare Payoneer fees and explore a faster, more unified way to move money globally.

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Redo
Dualentry
Bland
Corgi
Privy
Triumph
Whop
SMARTTAB
Hike
Noor

Payoneer fees: what you actually pay

Payoneer fees depend on how money comes in, how it goes out, and what you do with it in between. Fees can apply when you receive payments, move money, convert currencies, or use your Payoneer card. There’s also a $29.95 annual account fee, subject to Payoneer’s terms and regional differences as well as a 0.50% fee when moving funds between Payoneer balances. Payoneer breaks pricing into several layers: getting paid, using balances, and the Payoneer card:

Receiving payments

Note: Fees depend on sender and recipient locations, payment method, and currencies.

  • Receiving by currency

    Free for local currency, 1% (minimum fee of 1.00 USD) for receiving account that is not your local currency

  • Receiving by credit card or US PayPal

    Up to 3.99% + $0.49 USD

  • Receiving by US ACH bank debit or EU/UK bank account

    1% fee

Sending payments

Note: Fees depend on sender and recipient locations, payment method, and currencies.

  • From Payoneer balance based on recipient location

    Up to 4.00 USD/EUR/GBP where recipient is in the same country. Up to 1% plus 4.00 USD/EUR/GBP where recipient is not in the same country

  • Using your credit card or PayPal

    Up to 3.99% for credit card payments and Up to 3.99% + 0.49 USD or equivalent for PayPal

  • Using UK/EU bank account or US bank via ACH

    1% fee

Payoneer card fees

Note: ATM fees may vary by issuing country and currency. Card usage may also be subject to third party operator fees.

  • Card transactions with/without currency conversion

    Up to 1.8% for purchases without currency conversion. Up to 3.5% for transactions with currency conversion

  • Cash withdrawals (ATM, teller, merchant)

    Flat 3.15 USD / 2.50 EUR / 1.95 GBP / 3.15 CAD / 470 JPY (+ up to 1.8% for same currency and + up to 3.5% involving currency conversion)

  • Physical and virtual cards

    29.95 USD annual card fee with free virtual card issuance and 12.95 USD / 9.95 EUR / 9.95 GBP physical card replacement

Payoneer fees vs Slash fees

How Slash delivers more value, side by side.

Features
Slash
Payoneer
  • Free incoming USD payments from local receiving details
  • Free additional virtual cards
  • Free incoming international wires
  • $0 monthly plan available
  • Free ACH invoice payments
  • Free outgoing domestic wires⁷
  • Flat $25 outgoing international wire fee
  • 1% card foreign transaction fee with $0.40 minimum
  • No annual low-activity account fee
  • No separate annual physical card fee
  • Up to 2% cashback on eligible card spend
  • Cash withdrawals

Hidden Payoneer fees to watch for

Beyond the headline fees, a few costs are easy to overlook:

  • Exchange rates: The rate used when converting currencies can affect how much ultimately lands in your account.
  • Minimum withdrawal fees: Minimum charges can apply to certain withdrawals, making smaller transfers relatively more expensive.
  • Card & ATM fees: Cross-border spending, currency conversion, and cash withdrawals can introduce additional charges.

The bigger issue is stacking: receiving, converting, withdrawing, and spending can each have their own cost, so it’s worth looking at the full payment flow—not just one fee.

How to save on international payment fees

The easiest way to reduce international payment fees is to look at the entire path your money takes. How you get paid, whether you need to convert currencies, and how you eventually withdraw or spend the funds can all affect the final cost.

Avoiding unnecessary currency conversions can make a meaningful difference. If possible, hold funds in their original currency, batch payments, and reduce extra steps between receiving and using your money.

It’s also worth considering whether your payment setup still fits your business. Payoneer can work well for receiving payouts and moving funds, while businesses that also need vendor payments, cards, invoicing, and global payments may benefit from a broader financial platform.

Ultimately, the goal isn't just to find the lowest individual fee. It's to reduce the number of fees and steps between getting paid and putting that money to work.

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Explore Payoneer alternatives and learn more about Slash vs Payoneer

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  • 130+Countries supported
  • $101mWorking capital deployed
  • 24/7Expert support

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Real words, real impact

  • “We use Slash as our primary bank for outgoing payments — the cashback rewards are incredible, even better than Amex in our case. It's become an essential part of how we manage ad spend.”
    Jay-Jay P.
    Jay-Jay P.Founder & CEO, Hike Footwear
  • “Slash's working capital solution was a game-changer — quick approval and innovative underwriting helped us launch our new store quickly and accelerate growth.”
    Arjun Dhillon
    Arjun DhillonACD Logistics
  • “Before Slash, our finance team juggled multiple platforms for on ramps, custody, and banking. Now everything lives in one place, saving us countless hours and eliminating errors.”
    Max Segall
    Max SegallPrivy.io

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