What are the charges for using Payoneer in Nigeria?

Payoneer is a popular financial services company that provides online money transfer, digital payment services, and provides customers with working capital. In Nigeria, Payoneer charges for various services. For receiving payments from another Payoneer customer, it’s free. However, for receiving payments from marketplaces and networks, you’re charged 1% of the total amount. For transactions in a different currency, a conversion rate up to 2% above the mid-market rate is applied. Withdrawing funds to a bank account in a different currency costs up to 2% above the mid-market rate, while withdrawing in the same currency costs $1.50 USD. It’s important to note that these charges can vary and it’s always a good idea to check the latest fees on the Payoneer website.