See exactly what Payoneer costs to receive a client payment, convert currency, and withdraw to your bank — including the $29.95 annual fee most calculators leave out. Model your real net as a freelancer.
Built & maintained by Marcus, freelancer·Figures from Payoneer·Last updated June 2026
⚠️ Verified June 2026: Payoneer charges 1% to receive a non-local bank transfer or ACH (min $1); same-currency local and Payoneer-to-Payoneer are free. Card payments cost up to 3.99% + $0.49. Withdrawing to a same-currency bank is $1.50; converting to another currency adds ~1.2–4%. Watch the $29.95/yr account fee if you receive under $6,000 in 12 months.
1%
Receive non-local transfer / ACH (min $1)
$0
Local same-currency & Payoneer-to-Payoneer
$1.50
Withdraw to same-currency bank
$29.95
Annual fee · if you receive < $6,000/yr
$USD
Payoneer receiving fee (1%)Non-local bank transfer · minimum $1−$10.00
Total receiving fee−$10.00
Payoneer fee
$10.00
Eff. rate 1.00%
You receive
$990.00
Into your Payoneer balance
Payoneer charges 1% (minimum $1) to receive a bank transfer in a currency different from your account. A same-currency local transfer is free.
What it costs to move money from your Payoneer balance to your bank. Same-currency withdrawals are a flat $1.50 — converting to another currency is where the cost climbs. Toggle the annual fee to see the part most calculators ignore.
$USD
Include the $29.95 annual account fee
Charged yearly if you receive under $6,000 in 12 months
Currency conversion (~2%)Withdrawing in a currency other than your balance · 1.2–4% by route−$0.00
Bank withdrawal feeFlat fee, same-currency, under $50k this month−$1.50
Annual account fee$29.95 once per year — shown here for your all-in view−$29.95
Total cost−$1.50
Withdrawal cost
$1.50
Eff. rate 0.15%
Net to your bank
$998.50
After conversion & withdrawal
Annual fee
$0.00
Not included
Tip: converting inside Payoneer between your own currency balances costs only 0.5% — often cheaper than a direct convert-and-withdraw. If your home bank is in a different currency, compare both routes before you cash out.
Compare what you actually keep when an international client pays you the same amount through Payoneer, PayPal, or Wise.
$USD
Convert to your home currency
Client pays in a different currency
Payoneer
You receive
$1,978.50
Fee: $21.50 · 1% receive + $1.50 withdraw
✓ Built into Upwork & Fiverr payouts
PayPal
You receive
$1,911.70
Fee: $88.30 · 4.4% + $0.30 cross-border
Plus 3–4% hidden in the exchange rate
Wise
You receive
$2,000.00
Fee: $0.00 · free local receive, mid-market rate
✓ Real mid-market rate
Wise keeps you the most on this payment, but Payoneer is often the default payout for marketplaces like Upwork and Fiverr — so it wins on convenience even when the headline fee is higher. Model the exact route on the payment fee hub.
How Payoneer's Fees Work
Payoneer's cost isn't one number — it's a stack. Money is charged when it comes in (the receiving fee), again if you convert currencies, again when you withdraw to your bank, and once a year as an account fee. Each step is small on its own, which is exactly why the total surprises people. This calculator models all four so you see your real net.
📥
Receiving fee
1% for a non-local transfer or ACH (min $1). Free for same-currency local and Payoneer-to-Payoneer. Cards cost up to 3.99% + $0.49.
🔄
Conversion
0.5% to convert between your own balances. Withdrawing in another currency runs ~1.2–4% by route.
🏦
Withdrawal
$1.50 flat to a same-currency bank under $50k/mo (0.5% above that). Conversion replaces the flat fee if currencies differ.
📅
Annual fee
$29.95 a year — but only if you receive under $6,000 in any 12 months. Active freelancers usually avoid it.
Best vs worst case: a US client paying your USD account by ACH and a same-currency $1.50 withdrawal costs about 1.15% all-in. The worst case — a client paying by card (3.99% + $0.49) into a foreign currency you then convert and withdraw — can reach 6–8%, in PayPal territory. The route you pick matters more than the provider.
The single biggest lever is how your client pays. Steer clients to a bank/ACH payment (1%) over a card (up to 3.99%), and keep your Payoneer balance in the currency you'll withdraw in to skip the conversion markup entirely.
All figures verified against Payoneer's pricing page, June 2026. Fees can vary by country, currency, and account type — confirm your own rates at payoneer.com/about/pricing before building them into quotes.
Action
Fee
Notes
Receive from another Payoneer user
Free
Instant, any amount
Receive — local, same currency
Free
e.g. USD ACH into your USD account details
Receive — bank transfer, other currency
1%
Minimum $1, into your receiving account
Receive — ACH (US bank)
1%
US client paying your USD details
Receive — credit / debit card
up to 3.99% + $0.49
Client pays via Payoneer Checkout / request
Convert between your balances
0.5%
e.g. USD → EUR inside Payoneer
Withdraw — same currency, under $50k/mo
$1.50
Flat fee per withdrawal
Withdraw — same currency, $50k+/mo
0.5%
Of the amount withdrawn
Withdraw — with currency conversion
1.2% – 4%
Varies by currency and route
ATM withdrawal (Payoneer card)
$3.15 + up to 1.8%
€2.50 / £1.95 in those currencies
Annual account fee
$29.95 / yr
Only if you receive under $6,000 in 12 months
Card replacement
$12.95
One-time
Send to another Payoneer user
1% + $4 min
Effectively $4 fixed on amounts under $400
Payoneer raised several fees through 2025–2026 and its conversion markup varies by corridor, so treat the percentages above as current reference points and check the live rate for your exact currency and country before quoting a client.
Payoneer vs PayPal vs Wise — What You Actually Keep
The headline fee is only half the story; the exchange rate is the other half. Here's the all-in cost of receiving a $2,000 payment from an overseas client that needs converting to your home currency:
Provider
All-in fee
You keep
Exchange rate
Wise
~$11 (0.55%)
~$1,989
Mid-market — no markup
Payoneer
~$61 (1% + ~2% + $1.50)
~$1,939
~2% conversion markup
PayPal
~$158 (4.4% + $0.30 + ~3.5% FX)
~$1,842
+3–4% markup
On this payment Payoneer leaves you about $97 more than PayPal, and Wise about $50 more than Payoneer. For pure cost on direct invoices, Wise wins; PayPal is almost always the most expensive.
So why do millions of freelancers use Payoneer? Integration. Upwork, Fiverr, Amazon, Airbnb, and thousands of agencies pay out to Payoneer directly, and receiving those payouts is free. If your income already lands in Payoneer, the convenience of one balance and a single card often outweighs the small gap versus Wise. If you invoice clients yourself, it's worth comparing both — model the Wise side with our Wise fee calculator.
How Freelancers Get Paid Through Payoneer
Payoneer gives you local receiving accounts — real account numbers in USD, EUR, GBP and more — so clients and marketplaces can pay you as if it were a domestic transfer. The typical flow:
①
Get receiving accounts
Free USD, EUR, GBP and more account details to share with clients and platforms.
②
Get paid
Marketplaces pay out free; direct clients pay by bank (1%), ACH (1%), or card (up to 3.99%).
③
Hold or convert
Keep balances in multiple currencies; convert between them at 0.5% when the rate suits you.
④
Withdraw or spend
Move funds to your bank ($1.50 same-currency) or spend with the Payoneer card.
Tip: ask direct clients to pay by bank transfer or ACH (1%) rather than card (up to 3.99%), and put your receiving-account details on the invoice. Need one? Use our freelance invoice template, then set aside tax on what you keep with the tax calculator.
Frequently Asked Questions
How much does Payoneer charge to receive a payment?
Payoneer charges 1% (minimum $1) to receive a bank transfer or US ACH payment in a currency different from your account, and it's free to receive a same-currency local transfer or money from another Payoneer user. If a client pays by credit or debit card through Payoneer Checkout, the fee is up to 3.99% + $0.49. Marketplace payouts from Upwork or Fiverr arrive free — those platforms take their own cut first.
Does Payoneer have an annual fee?
Yes. Payoneer charges a $29.95 annual account fee, but its current pricing page waives it if you receive at least $6,000 (or the equivalent) in any 12 consecutive months. Most active freelancers clear that threshold and never pay it; lighter users do. It's the cost most fee calculators ignore — toggle it on the Withdraw tab to see your true all-in cost.
What is Payoneer's currency conversion fee?
Converting between your own currency balances inside Payoneer costs 0.5%. If you withdraw to a bank in a currency different from your balance, the conversion runs about 1.2%–4% depending on the currency and route, and card transactions that need conversion can add up to 3.5%. Because withdrawal conversion is higher than in-account conversion, it's often cheaper to convert inside Payoneer first, then withdraw in the matching currency.
How much does it cost to withdraw from Payoneer to my bank?
Withdrawing to a bank account in the same currency as your balance costs a flat $1.50 per withdrawal for monthly volumes under $50,000; above $50,000 a month it switches to 0.5% of the amount. Withdrawing in a different currency triggers a conversion fee of roughly 1.2%–4% instead of the flat fee. An ATM withdrawal with the Payoneer card costs $3.15 (€2.50 / £1.95) plus up to 1.8%.
Is Payoneer cheaper than PayPal for freelancers?
For most international payments, yes. PayPal charges 4.4% + $0.30 to receive a cross-border payment and hides another 3–4% in the exchange rate — roughly 7–8% all-in. Payoneer's receive (1%) + conversion (~2%) + withdrawal ($1.50) totals about 3% on the same payment. On a $2,000 converted payment you keep about $1,939 with Payoneer vs $1,842 with PayPal. Wise is usually cheaper still — compare all three on the comparison tab above.
Payoneer vs Wise — which is cheaper for freelancers?
Wise is usually cheaper for invoicing clients directly: it receives local payments free and converts at the real mid-market rate with a fee from about 0.5%, while Payoneer charges 1% to receive plus a higher conversion markup. Payoneer's advantage is integration — Upwork, Fiverr, Amazon, and many agencies pay out to Payoneer by default, and receiving those payouts is free. If your platform already uses Payoneer the convenience often outweighs the small difference; if you bill clients yourself, model both with our Wise fee calculator.
Sources & how we calculate
This calculator applies Payoneer's published fee percentages to the amount you enter — the receiving fee by payment method, the 0.5%/1.2–4% conversion rates, the $1.50 (or 0.5%) withdrawal fee, and the optional $29.95 annual fee — then shows your net. It does not use a live exchange rate; conversion is modelled as Payoneer's stated markup over the mid-market rate. Everything is computed in your browser from the numbers you enter.
Estimate only, not financial advice. Payoneer's fees vary by country, currency, and account type, and the annual-fee waiver threshold has changed over time. Confirm your exact rates at payoneer.com/about/pricing before making business decisions.