How does Payoneer make money?

Payoneer, a global payment platform, generates revenue through multiple channels. Firstly, they charge transaction fees when users receive payments from marketplaces and platforms. Secondly, they earn from currency conversion fees when users withdraw money in a different currency. Lastly, they also make money from annual maintenance fees and ATM withdrawal fees. It’s important to note that the specific fees can vary depending on the user’s location and the particular services they use.