Payoneer is a leading digital payment platform that provides users with a convenient and secure way to manage their online transactions. This comprehensive platform offers a range of features and benefits that make it an ideal choice for businesses and individuals who need to manage their money in a hassle-free way.
In this article, we will provide you with a detailed Payoneer review, including its history, services, fees, security, customer support, and more. We aim to provide you with all the information you need to make an informed decision about whether Payoneer is the right payment platform for you.
History of Payoneer
Payoneer was founded in 2005 and has since grown into a global leader in digital payments. The company is headquartered in New York and has operations in over 200 countries worldwide. Payoneer has built a reputation for providing innovative and secure payment solutions to its users, and it continues to be a leading choice for businesses and individuals who need to manage their online transactions.
Services Offered by Payoneer
Payoneer offers a comprehensive range of services to its users, including:
- Global Bank Transfer: Payoneer enables you to send and receive funds from over 200 countries and 150 currencies. This feature makes it easy for businesses and individuals to transfer money to their local bank accounts.
- Virtual US Bank Account: Payoneer offers a virtual US bank account that makes it easy for businesses to receive payments from US companies. This is a useful feature for businesses that need to receive payments from US-based clients.
- Global Payment Service: Payoneer’s Global Payment Service allows businesses to receive payments from international clients and suppliers. This service makes it easy for businesses to receive payments in multiple currencies, and it eliminates the need for businesses to maintain multiple bank accounts.
- Prepaid Mastercard: Payoneer offers a prepaid Mastercard that makes it easy for businesses and individuals to access their funds. This card can be used anywhere Mastercard is accepted, and it is a convenient way to manage your funds on the go.
Payoneer Fees
Payoneer charges a range of fees for its services, including:
- Account Maintenance Fee: Payoneer charges an annual account maintenance fee of $29.95.
- Wire Transfer Fees: Payoneer charges a fee for wire transfers, which varies based on the country and the amount being transferred.
- Currency Conversion Fees: Payoneer charges a fee for currency conversions, which is based on the current exchange rate.
Overall, Payoneer’s fees are competitive when compared to other digital payment platforms. It is important to note that Payoneer may also charge other fees for specific services, such as sending or receiving payments.
Payoneer Security
Payoneer takes security very seriously, and the company has implemented a range of measures to ensure the safety of its users’ funds. These measures include:
- Encryption: Payoneer uses 128-bit SSL encryption to protect users’ personal and financial information.
- Two-Factor Authentication: Payoneer offers two-factor authentication, which adds an extra layer of security to your account.
- Fraud Detection: Payoneer uses advanced fraud detection systems to detect and prevent fraudulent activity.
- Insurance: Payoneer is insured, which provides users with added peace of mind knowing that their funds are protected.
Payoneer Customer Support
Payoneer offers comprehensive customer support to its users, including a knowledge base, email support, and phone support. The company’s customer support team is available 24/7, so you can get the help you need whenever you need it. Additionally, Payoneer has a large community of users who are happy to help others with any questions or concerns they may have.
Conclusion
Payoneer is a comprehensive and secure digital payment platform that offers a range of services to its users. Whether you’re a business looking to receive payments from international clients, or an individual looking for a convenient way to manage your online transactions, Payoneer has something to offer. With its competitive fees, strong security measures, and excellent customer support, Payoneer is a great choice for anyone looking to manage their online payments in a hassle-free way.
FAQs
- Is Payoneer safe?
Yes, Payoneer is a safe and secure platform that takes security very seriously. The company uses encryption, two-factor authentication, and advanced fraud detection systems to protect its users’ funds.
- Does Payoneer charge a monthly fee?
Payoneer charges an annual account maintenance fee of $29.95, but there is no monthly fee.
- What countries does Payoneer support?
Payoneer supports over 200 countries worldwide, and it allows users to send and receive funds from over 150 currencies.
- Can I use Payoneer in my country?
It is likely that Payoneer is available in your country, but it is best to check the company’s website to see if it supports your specific location.
- Can I use Payoneer to receive payments from international clients?
Yes, Payoneer’s Global Payment Service makes it easy for businesses to receive payments from international clients. This service allows businesses to receive payments in multiple currencies and eliminates the need for multiple bank accounts.

