We have updated the Payoneer Fees post. Check it out below how much Payoneer is going to be charging you for the transactions you’ll be making with it.
Payoneer is an online banking platform for Bloggers, Affiliate Marketers, Freelancers & all those who want to send payments & get paid by cross-border companies at very affordable fees. With that in mind, let’s learn everything about the Payoneer Fees, Payoneer Card fees and how much you’ll be charged by creating an account in this post.
Even though, just by having a verified Payoneer Account won’t cost you any fees except the Card that will cost you around $29.95 each year if you have activated & linked it with your account otherwise using Payoneer is totally free.
As you may know, Payoneer has various methods of withdrawing, transacting & funding methods & ways for which there are various charges & fees associated with your account, as well. If you’re new to Payoneer or you wanna know about its fees then you’re here in the right place. We’re going to take you through the following Payoneer Fees table that will help you understand their Fees that how much you’ll be charged for each transaction you make through Payoneer.
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If you’re using Payoneer ATM Card and want to know how much Payoneer will cost you for each time you withdraw money through ATM using your Card, while making shopping online or offline in-stores then check out this Fees table here.
So in short, these are the fees that are associated with your Payoneer Card.
Quick To Go
Payoneer Fees (2019 Updated)
|Payoneer Prepaid MasterCard||Fees|
|Card Annual Activation||$29.95|
|Online or In Stores Purchases||$0.00 (Free)|
|ATM Balance Inquiry||$1|
In the below table, you can learn how much you will be charged by Payoneer if you will make payment worldwide or any of your clients or anyone else send a payment to you through his/her Payoneer Account.
Payoneer Receive Payment Fees:
|Global Payment Service||1%|
|Direct Payments From Customers||Up to 3%|
|Payments From Affiliate Networks, Marketplaces, Ad Networks etc.||Fee is set by each Marketplace.|
|Make A Payment||Free|
Also note, each time you receive payments from any online marketplaces such as Ad Networks, Affiliate Networks or any other marketplace, you will be charged $2 by Payoneer (the payment will be transferred to your account within 2 to 3 days) while if you choose the Immediate Transfer, you will be charged $5 by Payoneer the payment will be transferred to your account within 2 hours.
Here are some more details on what are the Payoneer Fees (hidden from you 🙂 Just kidding) to check out for your better understandings.
Payoneer Bank Transfer Fees
Normally Payoneer charges only $5.95 or $9.95 in some countries from your funds however the rest of the fee from your fund will be charged by your bank.
Payoneer ATM Withdrawal Fees
As I have mentioned above, Payoneer will only charge you $3.15 from the amount you withdraw however the ATM from which you’re withdrawing your funds will also charge you so normally you’ll be charged around $7 or $7.95 on your total ATM Withdrawal.
Fiverr to Payoneer Fees
No matter you’re withdrawing funds from Fiverr or any other marketplace, the normal withdrawal fee Payoneer will charge you is $2, however, if you want instant funds loading, Payoneer will charge you $5 and the funds will be transferred to your account within an hour.
Payoneer Annual Fees
It’s all free to Sign Up for Payoneer and there are no fees for just creating an account & maintaining it. However, upon ordering a Payoneer MasterCard & linking it with your account, Payoneer will charge you $29.95 each year as long as it doesn’t expire.
Payoneer Exchange Fees
Normally when you withdraw payments from your Payoneer account in a different currency via a bank account, there’s 2% conversion/exchange rate set by Payoneer, however, the Payoneer MasterCard conversion/exchange fees is 3.5% of the total amount you withdraw.
Is there Payoneer Monthly Fee?
No, Payoneer doesn’t charge you any monthly fee or any maintenance fee but for every transaction that you’ll be making via Payoneer & withdrawing money through ATM will cost you fees.
Is Payoneer Fees Calculator Available?
Most of the web users search for Payoneer Fees Calculator but in fact, Payoneer fees are different for every transaction & every activity so there is no tool or Calculator that you can use to calculate your Payoneer Expenses & Fees. However, you can check your Payoneer Statement to know how much funds you have received and spent via your Payoneer account & ATM.
After all, we concluded that just by signing up for a Payoneer Account, there are no fees but as long as you’re using the Payoneer Card, the $29.95 fee will be charged each year and also upon receiving payments via Payoneer from any marketplace, there’s a separate $2 to $5 fee for Normal & Instant Withdrawal.
I hope you enjoyed this post. In case you have any question regarding our post then don’t forget to leave your comments below and happily I’d be back to you soon.