How to Calculate Payoneer Fees in 2025
How to Calculate Payoneer Fees in 2025
Payoneer is a leading platform for freelancers, online sellers, and businesses to receive international payments. But understanding the full cost of using Payoneer in 2025 is crucial for maximizing your earnings and avoiding surprises.
Why Understanding Payoneer Fees Matters
- Fees can impact your bottom line, especially for frequent or high-value transactions
- Knowing your costs helps you price your services and choose the best withdrawal method
- Payoneer's fee structure can change, so it's important to stay updated
Types of Payoneer Fees
1. Receiving Payments
- From clients/marketplaces: 0–3% depending on the source (e.g., 1% from US companies, 0% from Payoneer-to-Payoneer)
- From global marketplaces (Upwork, Fiverr, Amazon): Usually 1–3%
2. Withdrawing to Your Bank
- Local currency withdrawal: Up to 2% above the mid-market rate
- Same currency withdrawal: $1.50 per withdrawal (USD, EUR, GBP)
3. Currency Conversion
- 0.5–2% fee when converting between currencies
4. Card/Account Maintenance
- Annual card fee (if you use the Payoneer card)
- Inactivity fee if your account is unused for 12 months
Step-by-Step: How to Calculate Your Payoneer Fees
- Identify your payment source and amount.
- Are you being paid by a client, a marketplace, or another Payoneer user?
- Check Payoneer's latest fee schedule.
- Use our Payoneer Fee Calculator to estimate your total cost.
- Consider withdrawal and conversion fees.
- Will you withdraw in the same currency or convert?
- Add up all applicable fees for your transaction.
Real-World Example Calculations
Example 1: Freelancer Receiving $1,000 from Upwork
- Receiving fee: 1% ($10)
- Withdrawal to local bank (different currency): 2% ($20)
- Total fees: $30 (3%)
- Net received: $970
Example 2: Business Withdrawing €2,000 to a Local Bank
- Receiving fee: 0% (Payoneer-to-Payoneer)
- Withdrawal to EUR bank: €1.50
- Currency conversion: None (same currency)
- Total fees: €1.50
- Net received: €1,998.50
Try your own scenario with our Payoneer Fee Calculator.
Actionable Tips to Minimize Payoneer Fees
- Withdraw in the same currency as your bank to avoid conversion fees
- Batch your withdrawals to reduce flat fees
- Compare with Wise and PayPal for large or frequent transfers
- Watch for Payoneer promotions or fee-free periods
- Keep your account active to avoid inactivity fees
In-Depth FAQ
How do I find the exact Payoneer fee for my transaction?
Use the Payoneer Fee Calculator or check the official fee schedule.
Are there hidden or surprise fees?
Payoneer is transparent, but always check for currency conversion and withdrawal fees. Read the terms for your country and payment type.
Is Payoneer cheaper than PayPal or Wise?
It depends on the payment route, amount, and currencies. Compare using our calculators: Payoneer, Wise, PayPal.
How fast are Payoneer withdrawals?
Usually 1–3 business days, but can be faster for some banks and countries.
Can I use Payoneer for personal payments?
Payoneer is designed for business and freelance payments, not personal remittances.
References & Further Reading
- Payoneer Official Fee Schedule
- Payoneer Help Center
- Cebofo Payoneer Fee Calculator
- Wise Fee Calculator
- PayPal Fee Calculator
Estimate your Payoneer fees now with our Payoneer Fee Calculator!