Payoneer Review 2025

Payoneer is a powerhouse for e-commerce sellers and freelancers working with global marketplaces like Amazon, Upwork, and Airbnb. It specializes in "receiving accounts" that act like local bank accounts in key markets.

Key Features

• Global Receiving Accounts: Get paid in USD, EUR, GBP, JPY, and more as if you were a local.
• Marketplace Integration: Seamlessly connect with thousands of platforms.
• Working Capital: Access to merchant cash advances based on sales history.

Fee Structure

Payoneer's fees can be complex.

• Account Opening: Free.
• Annual Fee: $29.95 (waived if you transact >$2,000/year).
• Withdrawal: Flat fee or percentage when moving to your local bank.

Pros & Cons

Pros

• Unmatched integration with marketplaces.
• Great for receiving payments from clients who don't use Wise.
• Capital offers for growing businesses.

Cons

• Higher FX fees than Wise.
• Customer support can be slow.

Verdict

If you sell on Amazon or work on Upwork, Payoneer is practically mandatory. It simplifies the collection of funds from these platforms significantly.