Payoneer has a reputation for being cheap — and for marketplace freelancers it usually is. But the cost depends heavily on how you move money out. The same $1,000 can cost $6.50 or $40 depending on the route.
All figures verified 14 October 2026 against Payoneer's official pricing page (last updated 1 January 2026). Payoneer notes that fees depend on your location, payment method and currency corridor — your exact fee is shown in your account before you confirm.
Payoneer's Fee Summary
| Fee type | Amount | When it applies |
|---|---|---|
| Receiving from another Payoneer customer | Free | Client or platform pays from a Payoneer balance |
| Receiving from marketplaces (Upwork, Fiverr, Amazon…) | Varies by marketplace | The marketplace sets its own payout fee |
| Receiving into a local-currency receiving account | Free | e.g. a UK freelancer receiving GBP |
| Receiving into a receiving account in another currency | 1% (minimum $1) | e.g. a UK freelancer receiving USD from a US client |
| Client pays by credit card | Up to 3.99% + $0.49 | Payment request paid by card |
| Client pays by US ACH debit, or UK/EU bank | 1% | Payment request paid by bank |
| Convert between your Payoneer balances | 0.50% | e.g. USD → GBP inside Payoneer |
| Withdraw to a bank in your country, local currency | $1.50 | e.g. GBP to a UK bank, USD to a US bank |
| Withdraw to a bank abroad, or with conversion | 1.2% – 4% | e.g. USD to a US bank from a UK account |
| Annual account fee | $29.95 | Only if you receive under $6,000 in any 12 consecutive months |
| Payoneer card annual fee | $29.95 | If you hold the card |
| Card spend in a foreign currency | Up to 3.5% | Card purchases with conversion |
| ATM withdrawal | $3.15 / €2.50 / £1.95 + up to 1.8% | Up to 3.5% extra if currency is converted |
The Big One: How You Withdraw
The single biggest driver of your Payoneer cost is the withdrawal route. For a UK freelancer with $1,000 in a Payoneer USD balance (mid-market rate 14 October 2026: $1 = £0.7569):
| Route | Fee | You receive |
|---|---|---|
| Convert USD → GBP inside Payoneer (0.50%), then withdraw GBP to a UK bank ($1.50) | $6.50 | ~£752 |
| Withdraw USD directly to a UK bank in GBP (conversion during withdrawal) | $12 – $40 | ~£727 – £748 |
| Withdraw USD to a US bank account, e.g. a Wise USD account (cross-border) | 1.2% – 4% | before any further conversion |
Convert inside Payoneer first, then withdraw in your local currency. The same logic applies in Canada and Australia, where local-currency withdrawals are also $1.50.
This reverses advice that was common until recently — including on earlier versions of this page — to send USD from Payoneer to a Wise USD account and convert there. For a non-US account, that withdrawal is priced as cross-border (1.2% – 4%), which costs more than Payoneer's own 0.50% conversion.
Open a free Payoneer account →What It Costs at Different Income Levels
Converting a monthly USD income inside Payoneer and withdrawing to a local bank once a month:
| Monthly USD income | Conversion (0.50%) | Withdrawal | Monthly total | Yearly total |
|---|---|---|---|---|
| $1,000 | $5.00 | $1.50 | $6.50 | ~$78 |
| $2,000 | $10.00 | $1.50 | $11.50 | ~$138 |
| $3,000 | $15.00 | $1.50 | $16.50 | ~$198 |
| $5,000 | $25.00 | $1.50 | $26.50 | ~$318 |
Below $500 a month ($6,000 a year), add the $29.95 annual account fee.
Receiving From Platforms
Payoneer lists marketplace payments as "varies by marketplace" — each platform decides what it charges to pay out to Payoneer. Upwork, for example, charges a small per-transfer fee that it shows in your payment settings. Payoneer works with Upwork, Fiverr, Amazon, Airbnb, 99designs, Toptal and many others.
Receiving From Direct Clients
| How the client pays | Fee |
|---|---|
| From their own Payoneer balance | Free |
| Bank transfer into your local-currency receiving account | Free |
| Bank transfer into a receiving account in another currency (e.g. USD for a UK freelancer) | 1% (minimum $1) |
| US ACH bank debit via a Payoneer payment request | 1% |
| UK or EU bank via a Payoneer payment request | 1% |
| Credit card | Up to 3.99% + $0.49 |
For direct clients, compare with Wise (receiving USD by ACH and GBP or EUR locally is free) and Stripe (UK standard cards 1.5% + 20p).
The Annual Account Fee
Payoneer charges $29.95 a year if your account receives less than $6,000 (or equivalent) in any 12 consecutive months. It is not charged in the first year on paid annual plans. If you only use Payoneer occasionally, factor this in — or route small volumes elsewhere.
Compare with Wise for direct clients →How to Minimise Payoneer Fees
1. Convert inside Payoneer, then withdraw locally. 0.50% + $1.50 beats a 1.2% – 4% withdrawal with conversion.
2. Batch withdrawals. The $1.50 local withdrawal fee is flat. One $1,000 withdrawal costs 0.15%; ten $100 withdrawals cost 1.5%.
3. Don't withdraw to a bank in another country. Cross-border withdrawals are priced at 1.2% – 4%, even without conversion.
4. Skip the card if you don't need it. The card costs $29.95 a year and up to 3.5% on foreign-currency spending.
5. Watch the $6,000 threshold. Receiving less than $6,000 in 12 months triggers the $29.95 annual fee.
Frequently Asked Questions
What is Payoneer's withdrawal fee? $1.50 to a bank in your own country in its local currency. To a bank abroad, or with conversion during the withdrawal, 1.2% – 4%.
Does Payoneer have a minimum withdrawal? Payoneer doesn't publish a single minimum. Its help centre says limits are set per user and shown under the amount field when you withdraw.
Is Payoneer cheaper than PayPal? For converting currency, yes: 0.50% against PayPal's 3% on a business account. See Payoneer vs PayPal.
See also: Payoneer review 2026 · Payoneer vs Wise for Upwork · Payoneer vs PayPal · Can you cancel an Upwork withdrawal sent to Payoneer?
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