Payoneer is a financial services company that offers a range of payment and banking solutions, including international money transfers, online payments, and prepaid debit cards. The fees associated with Payoneer’s services will depend on the specific product or service you are using and your location.
Here are some examples of fees that you may encounter when using Payoneer:
- Transfer fees: Payoneer charges a fee for international money transfers, which will vary based on the country you are sending money to and the amount you are transferring. For example, as of 2021, Payoneer’s fees for transferring money from the US to other countries range from 0.5% to 2.5% of the transfer amount, with a minimum fee of $2.50 and a maximum fee of $40.
- ATM fees: If you use a Payoneer debit card to withdraw cash from an ATM, you may be charged a fee by the ATM operator. Payoneer also charges a fee for ATM transactions in certain countries. For example, as of 2021, Payoneer charges a fee of $2.50 for ATM transactions in the US and $3.50 for ATM transactions in other countries.
- Monthly maintenance fees: Some of Payoneer’s products, such as its prepaid debit card, may have a monthly maintenance fee. As of 2021, the monthly maintenance fee for Payoneer’s prepaid debit card is $3.95.
- Other fees: Payoneer may also charge fees for other services, such as card replacement, account closure, and foreign currency exchange.
It’s important to carefully review Payoneer’s fees and charges before using any of its products or services, as these fees can vary depending on your location and the specific product or service you are using.