Payoneer Fees Explained: What Freelancers Need to Know in 2025

When it comes to receiving global payments, Payoneer remains one of the most popular platforms for freelancers. But understanding its fees is key to keeping more of what you earn.
In this detailed 2025 guide, we’ll break down every fee — from transfers to ATM withdrawals — and share proven ways to minimize costs.

1. Global Payment Service (Receiving Accounts)

Payoneer provides virtual bank accounts in USD, EUR, GBP, and other major currencies. Receiving money through these accounts is usually free if the sender uses another Payoneer account.
However, incoming transfers from companies or marketplaces (e.g., Fiverr, Upwork) may include small service fees depending on the platform.

2. Currency Conversion Fees

One of the most common hidden costs for freelancers is the currency conversion fee.
Payoneer typically charges up to 2% above the mid-market rate when converting between currencies (e.g., USD → EUR).
To reduce this, it’s better to keep balances in the same currency or use Wise for better FX rates when possible.

3. Withdrawal Fees

Withdrawing funds from Payoneer to your local bank comes with a small fee:

• ➡️ Free for withdrawals in the same currency (e.g., USD to USD account).
• ➡️ Around 1.5%–2% for currency conversions.
• ➡️ Minimum threshold: $50 for most countries.

ATM withdrawals using your Payoneer card cost approximately $3.50–$5.00 per transaction plus a possible 3.5% conversion charge if in a foreign currency.
Always check ATM owner fees before withdrawing.

4. Annual Maintenance and Inactivity Fees

If you hold a Payoneer Prepaid Mastercard, the annual card fee is usually $29.95.
Additionally, accounts with no transactions for 12 months may incur a small inactivity fee.
To avoid this, simply receive or send one payment per year.

5. Marketplace Fees (Fiverr, Upwork, etc.)

When withdrawing from marketplaces like Fiverr, the platform itself may charge a separate fee — typically 1% to 3%.
Payoneer’s part of this transaction is small but combined with marketplace deductions, it can add up.
Always check payout settings within your freelance platform dashboard.

6. How to Save Money on Payoneer Fees

• 💡 Withdraw in the same currency when possible.
• 💡 Avoid small, frequent transfers — combine them into larger withdrawals.
• 💡 Compare rates with Wise for cheaper conversions.
• 💡 Keep balances in major currencies like USD or EUR.

7. Example: Typical Freelancer Transaction

Let’s say you receive $1,000 from a US client into your Payoneer USD account. You withdraw to your local EUR bank.
Conversion at 2% and withdrawal fee at 1.5% = approximately $35 in total fees.
This means you keep $965 — not bad, but knowing the structure helps you optimize every payout.

8. Payoneer vs Competitors

Compared to PayPal (3.5% + FX markup) or Deel (higher admin fees), Payoneer remains a strong option for freelancers.
However, using both Payoneer and Wise gives maximum flexibility — especially when managing multiple clients and currencies.

Conclusion

Understanding Payoneer’s fees in 2025 is essential for freelancers managing global clients. With smart use of conversions and withdrawals, you can reduce costs and keep your earnings safe.
Always stay updated — fee structures may vary by country and business type.

Disclosure: This article contains affiliate links to Payoneer and Wise. If you register via our links, we may earn a small commission — at no extra cost to you.

You might also like our article on Best Multi-Currency Accounts for Freelancers in 2025 — it’s a great companion guide for global earners.