Why Receiving International Payments in Ukraine Still Matters in 2025
Despite ongoing economic challenges, Ukrainian freelancers and businesses continue to thrive globally. With an increase in cross-border work and e-commerce, receiving payments from abroad remains critical. But how can you do it efficiently, legally, and with minimum fees in 2025? This guide breaks down the best methods for international payments to Ukraine.
Best Methods for Receiving International Payments in Ukraine
1. Wise (Formerly TransferWise)
Wise remains one of the top platforms for freelancers and SMEs. It allows users to receive payments in USD, EUR, GBP, and other currencies into a multi-currency account with Ukrainian hryvnia withdrawal.
- ✅ Fast transfers with transparent mid-market exchange rates
- ✅ Ukrainian IBAN (for local UAH transfers via partner banks)
- ✅ Low fees (typically 0.5–1%)
2. Payoneer
Payoneer is widely used by IT specialists, marketplaces sellers, and outsourcing teams. It offers “receiving accounts” in multiple currencies, which act like virtual bank accounts in the US, UK, and EU.
- ✅ Supported by Upwork, Fiverr, Amazon
- ✅ UAH withdrawals to local banks
- ✅ Easy invoicing for international clients
3. SWIFT Transfers to Ukrainian Banks
Traditional wire transfers are still a viable option for high-value payments. Many Ukrainian banks like PrivatBank, monobank, or A-Bank support incoming SWIFT transfers in USD/EUR.
- 🔸 Often slower (2–5 business days)
- 🔸 Higher fees (especially on sender side)
- 🔸 Conversion rate may be worse than in fintech solutions
4. Cryptocurrency (For Advanced Users)
While not officially encouraged by banks, some freelancers accept payments in crypto like USDT or BTC. Exchanges like Binance or WhiteBIT allow withdrawal to Ukrainian cards and bank accounts.
⚠️ Disclaimer: Use only if both parties agree and you understand crypto taxation in Ukraine.
Things to Watch Out for in 2025
- 🔹 Check currency controls: Ukraine sometimes introduces temporary limitations on FX operations.
- 🔹 Always declare income: Ensure legal compliance for tax and bank regulations.
- 🔹 Compare fees: Platforms like Wise and Payoneer offer calculators — use them!
Which Option Is Best for You?
If you’re a freelancer — go for Wise or Payoneer. If you’re a business — combine SWIFT for large payments with Wise for daily operations. Crypto may be suitable as a backup or for global teams familiar with blockchain.
Conclusion
Receiving international payments in Ukraine has never been easier — or more flexible. With the right tools, you can avoid high fees, ensure fast delivery, and grow your global income in 2025. Choose wisely and stay compliant to build a sustainable international business from Ukraine.
