What is the Payoneer tax form and how does it work?

The Payoneer tax form is a document that Payoneer, a financial services company, requires from its users to comply with the U.S Internal Revenue Service (IRS) regulations. The form varies depending on whether you are a U.S person (Form W-9) or a non-U.S person (Form W-8). The purpose of these forms is to determine the correct amount of tax that needs to be withheld from your earnings. As a Payoneer user, you are required to fill out and submit the appropriate tax form in your Payoneer account. Failure to do so may result in tax withholding on your payments.