Payoneer (US, NASDAQ: PAYO) specializes in business-to-business international payments: freelancers, agencies and stores get paid by marketplaces (Amazon, Upwork, Walmart) and foreign clients through virtual local accounts.
What it does
- Receive from global marketplaces and corporate clients
- Pay suppliers and contractors in other countries
- Withdraw to a local bank account in home currency
- Manage multi-currency balance with a payment card
Products
The Payoneer account provides local bank details (USD/EUR/GBP/JPY/CAD/AUD among others) to get paid as if local. There are bulk B2B transfers, supplier payments, a virtual card and ERP integrations. The company also runs working-capital credit for sellers.
Public pricing
- Receiving from another Payoneer client: free
- Receiving from marketplaces: percentage per marketplace, published in the table
- Withdrawal to a local bank: fixed fee per currency (e.g., up to 2%, varying by country) — official table
Strengths
- Native integration with the world’s largest marketplaces
- Local accounts in several currencies without opening a foreign bank
- Clear B2B focus and trade-flow compliance
Points of attention
- Local-bank withdrawal fees vary and hurt on small amounts
- The card has a monthly cost in some markets
- KYC/documentation on opening is bureaucratic