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Payoneer review

Updated September 29, 2026 · SumCue Editorial Team · Facts checked September 29, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Payoneer suits business clients who need a Mastercard debit linked to multi currency balances, with monthly fee of $0 and currency conversion fee of 3.5%. Support runs through chat and help centre, so teams comfortable with online help will find the setup fits daily payouts and spend.

Key facts

Best for
Business teams spending from multi currency balances
Monthly fee
$0↗
Currency conversion fee
3.5%↗
Free ATM withdrawals
$0↗
Card type
Debit↗
Card network
Mastercard↗
Currencies
70↗
Legal entity
Payoneer Europe Limited↗
Headquarters
Ireland↗
Founded
2005↗
Support channels
Chat, Help-centre↗
Features
Multi-currency, Virtual card
Audience
Business
Official website
payoneer.com

Facts checked September 29, 2026, 5 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Monthly fee of $0 keeps fixed card costs down
  • Holds balances across 70 currencies for supplier payments
  • Mastercard acceptance through Mastercard supports broad business spend

Cons

  • Currency conversion fee of 3.5% adds cost on foreign spend
  • Support runs on chat and help centre only, which limits contact options
Payoneer

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • Businesses receiving and spending across many currencies
  • Teams that want debit control rather than credit for expenses

Who should look elsewhere

  • eToro if you want card spend connected to a broader investing account
  • Bitpanda if you want card use tied to crypto and other platform assets

How it compares on our data

On monthly fee, Payoneer ranks at 1 among 277 brands, which shapes fixed costs for business users. On free ATM allowance, the rank is 27 among 70 brands. On currency conversion fee, the rank is 195 among 206 brands, so foreign spend needs care.

Deposit protection

Payoneer Europe Limited operates with authorisations linked to the Central Bank of Ireland under PSD_EMI IE_CBI!C189473, the Financial Conduct Authority under 966835 and the Financial Crimes Enforcement Network under 31000288349183. Check the relevant register before you apply, as coverage and rules vary by activity and location.

How Payoneer compares

Where Payoneer is available

Available
Everywhere except India, Russia
Licence in Ireland
Central Bank of Ireland (PSD_EMI IE_CBI!C189473), checked September 28, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Licence in United Kingdom
Financial Conduct Authority (966835), checked September 29, 2026
Licence in United States
Financial Crimes Enforcement Network (31000288349183), checked September 29, 2026

Countries from the brand (Source, checked September 29, 2026)

Frequently asked questions

Does Payoneer charge a monthly fee for the card?+

Payoneer lists a monthly fee of $0, so there is no recurring charge for holding the card itself. You should still review transaction charges, currency costs and ATM terms before you rely on it for regular business spend.

What does Payoneer charge for currency conversion?+

Payoneer lists a currency conversion fee of 3.5%. That charge applies when spend or withdrawals involve currency exchange, so costs can rise if you pay suppliers or travel across many currency zones.

Can you withdraw cash free with Payoneer?+

Payoneer lists a free ATM allowance of $0. That means routine cash withdrawals are likely to attract charges, so the card fits card payments and online spend better than frequent cash use.

How many currencies can you hold with Payoneer?+

Payoneer supports balances across 70 currencies, alongside multi currency and virtual card capability through multi currency and virtual card. That structure helps you receive funds, hold balances and spend online without moving money between separate providers.

What type of card does Payoneer offer?+

Payoneer issues a card of type debit on the Mastercard network, aimed at business use under business. You spend from available balances rather than a credit line, which helps control team outgoings and supplier payments.

Who regulates Payoneer around this card?+

European operations are linked to Payoneer Europe Limited, with authorisation tied to the Central Bank of Ireland under PSD_EMI IE_CBI!C189473. There are also listings under the Financial Conduct Authority and the Financial Crimes Enforcement Network, so check the register that covers your location.

How do you get help with Payoneer?+

Payoneer lists support through chat and help centre. You can use chat for direct help and the help centre for guides, though there is no phone route in the listed channels, so complex cases are handled in writing.

Sources

Compiled from 6 source pages, checked September 29, 2026. We did not open an account.

Not confirmed yet: Protection.

Payoneer

Payoneer

Business teams spending from multi currency balances

8.9/10See alternatives