What is a Payoneer US bank account and how does it work?

A Payoneer US bank account is a virtual banking service provided by Payoneer, a financial services company that provides online money transfer and digital payment services. This account allows users, especially freelancers and businesses, to receive payments from American companies directly to their Payoneer account. It operates like a regular US bank account, enabling you to make transactions with companies that require a US bank account. You can also withdraw funds from your Payoneer account to your local bank account in your local currency. It’s a convenient and cost-effective solution for international businesses and freelancers.