Payoneer Annual Fees for 2024 up to $59.95

Are you using Payoneer for your freelancing needs? If so, you might want to pay attention to the annual fees they charge. In this guide, we’ll break down the different fees associated with Payoneer accounts and cards and explore ways to save on these costs.

1. Annual Account Fees Payoneer charges an annual account fee of $29.95. This fee is automatically deducted from your account balance each year. However, there’s a way to waive this fee. If you receive more than $2000 in deposits within 12 months, you won’t have to pay the annual account fee.

2. Annual Card Fees If you have a Payoneer debit card, you’ll also be charged an additional $29.95 annually. Unlike the account fee, this card fee cannot be waived, so it’s important to factor this into your budget if you have an active Payoneer card.

3. Reconfirmation by Payoneer Support Team Though we have confirmed with the Payoneer team, it’s always a good idea to re-confirm any fees or charges with Payoneer’s support team as they may change from time to time.

4. Bank Transfer fees (2%) When transferring funds from your Payoneer account to a bank account, you may encounter bank transfer fees. Payoneer charges a standard 2% fee for bank transfers, which can add up depending on the amount you’re transferring.

5. Ways to waive Annual fees To avoid paying the annual account fee, focus on increasing your deposit activity. Aim to receive more than $2000 in deposits within a 12-month period to qualify for a waiver. Unfortunately, there’s no way to waive the annual card fee, so be prepared to pay this if you have an active Payoneer card.

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