What is Payoneer?
Payoneer is a cross-border payments platform for businesses and freelancers. Its website lists receiving accounts to get paid in 70+ currencies, payment requests to send invoices and track payments, shareable payment links, checkout and mass payouts at scale. A multi-currency account holds balances, supports local collection accounts and allows withdrawal in local currency.
The platform also covers spending and finance. Payoneer issues multi-currency physical and virtual cards with high spend limits, offers a capital advance subject to eligibility, and publishes developer APIs under the heading Build with Payoneer APIs.
Availability of cards and other products is subject to customer eligibility, and not all products are available in all jurisdictions in the same manner. Its fee page notes that fees depend on sender and recipient locations, payment method and currencies, so price a real payment route before you commit.
Key capabilities
- Receiving accounts Get paid in 70+ currencies.
- Payment requests and links Send invoices, track payments and create shareable payment links.
- Multi-currency balances Local collection accounts and withdrawal in local currency.
- Mass payouts Pay suppliers and contractors at scale.
- Cards Multi-currency physical and virtual cards.
Where Payoneer fits
- Receiving payments Receiving accounts to get paid in 70+ currencies, payment requests to send and track invoices, and no-code payment links.
- Checkout Accept payments on your own website.
- Mass payouts High-volume payments with built-in tax and controls.
- VAT payments Pay VAT authorities in multiple countries from one account.
- Corporate cards Multi-currency physical and virtual cards with high spend limits.
- Smart FX Hold funds in multiple currencies and convert at the optimum rate.
- Expense management Budgets by team, with business spend managed from one dashboard.
- Workforce management An employer of record service that onboards and pays global teams without local entities.
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Alternatives to Payoneer
AdyenAdyen is an Amsterdam-founded payments platform for enterprises, covering online and in-person acceptance, payouts and card issuing.
AirwallexAirwallex offers business multi-currency accounts, international transfers, corporate cards, payment acceptance and invoicing, plus platform APIs.
Checkout.comCheckout.com provides payment APIs and hosted components for building merchant checkout flows.