Does Payoneer charge a fee for its services?

Yes, Payoneer does charge a fee for its services. The fees vary depending on the type of transaction. For instance, receiving payments from another Payoneer customer is free. However, receiving payments from customers via credit card or eCheck incurs a fee of 3% and 1% respectively. There’s also a $29.95 annual maintenance fee. For currency conversion, Payoneer charges up to 2% above the market rate. When withdrawing funds to a bank account in a different currency, the fee is up to 2% above the mid-market rate. It’s always advisable to review the fee structure on the Payoneer website or contact their customer service for specific fee information.