How to Withdraw Money from Payoneer: Best Methods for Freelancers (2025 Guide)

For freelancers working with international clients, Payoneer is a trusted payment solution.
But how do you actually withdraw your money in a safe, cost-effective way?
In this 2025 guide, we’ll cover every method — from bank transfers to ATM withdrawals — and share real strategies to reduce fees.

1. Bank Withdrawal (Local or Foreign Account)

The most common and convenient method to withdraw funds from Payoneer is a direct bank transfer.
You can link your local or foreign currency account and receive funds in USD, EUR, or your local currency.
Processing time typically takes 1–3 business days.

• Same-currency withdrawal: Usually free (e.g., USD → USD account).
• Cross-currency withdrawal: 1.5%–2% conversion fee on the mid-market rate.
• Minimum withdrawal amount: $50 in most regions.

2. Payoneer Card (ATM Withdrawal)

If you own a Payoneer Prepaid Mastercard, you can withdraw cash at any ATM supporting Mastercard.
It’s convenient when traveling or living abroad, but note the fees:

• $3.50–$5.00 per transaction.
• +3.5% foreign exchange fee for currency conversion.
• ATM provider may charge an additional fee.

💡 Tip: Withdraw larger sums at once to reduce total ATM fees.
Always choose ATMs with transparent fee displays before confirming withdrawal.

3. Using Payoneer with Wise for Cheaper Conversions

Many freelancers now use a hybrid approach — withdrawing from Payoneer into a Wise account for cheaper FX rates and instant transfers.
Wise allows you to hold multiple currencies and withdraw directly to your local bank with minimal conversion costs.

4. Payoneer to Payoneer Transfers

Transferring funds between two Payoneer users is free and instant.
This is ideal for paying subcontractors or moving funds between business and personal accounts.
However, funds must remain within the Payoneer network — external withdrawals will still incur fees.

5. Currency Conversion Tips

Currency conversions can silently eat into your profits. To save money:

• Receive and hold funds in USD, EUR, or GBP whenever possible.
• Use Wise for conversions — typically 0.5%–0.7% vs Payoneer’s 2%.
• Withdraw during stable exchange periods (avoid weekends/holidays).

6. Payoneer vs Competitors (Deel, PayPal, Wise)

In 2025, Payoneer continues to compete with Wise, PayPal, and Deel for freelancer payouts.
While PayPal remains popular, its 3.5%–4% fees make it less attractive for large payments.
Payoneer’s advantage is direct marketplace integration (Upwork, Fiverr) and lower fixed costs.

7. Pro Tips for Freelancers

• 🟢 Link multiple bank accounts (local + international) for flexibility.
• 🟢 Combine smaller transfers into one larger withdrawal to save on fixed fees.
• 🟢 Track exchange rates before each withdrawal.
• 🟢 Keep emergency balance on your Payoneer card for travel use.

8. When to Withdraw vs. When to Hold

If your country’s currency is volatile, it might be better to keep part of your balance in USD or EUR.
However, for daily expenses, regular withdrawals help avoid Payoneer’s inactivity fees.

Conclusion

Withdrawing money from Payoneer in 2025 is easier than ever.
The best approach depends on your country, currency, and preferred fee structure.
Combine Payoneer with Wise to maximize savings and payment flexibility.

Disclosure: This article contains affiliate links. We may earn a small commission if you sign up for Payoneer or Wise via our links — at no extra cost to you.

You might also like our article on Payoneer Fees Explained: What Freelancers Need to Know in 2025 — a complete breakdown of transaction costs. [Insert internal link here]