What is a Payoneer receiving account?

A Payoneer receiving account is a service provided by Payoneer, a financial services company that provides online money transfer and digital payment services. This account acts as a local bank account where you can receive payments from companies and clients worldwide. It is particularly useful for freelancers, online sellers, and small businesses that work with international clients. Once the funds are in your Payoneer account, you can then transfer them to your local bank account, use them to make online purchases, or withdraw them at ATMs worldwide with the Payoneer MasterCard.