What are the charges and fees associated with Payoneer?

Payoneer is a popular financial services company that provides online money transfer, digital payment services, and provides customers with working capital. The charges and fees associated with Payoneer can 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 can incur a fee of 3% while receiving payments via eCheck (USD) incurs a 1% fee. Withdrawing funds to a bank account in a different currency is subject to a 2% above the market rate fee. Additionally, there is a $29.95 annual fee for the Payoneer Prepaid MasterCard. It’s important to note that these fees can change and it’s always a good idea to check the latest fees on the Payoneer website.