What is the transfer fee from Payoneer to Wise?
The transfer fee from Payoneer to Wise (formerly known as TransferWise) can vary depending on the amount you’re transferring and the countries involved. Payoneer charges a flat fee of $1.50 for local bank transfers, and up to 2% of the transaction amount for international transfers. On the other hand, Wise charges a percentage of the amount that’s being transferred, plus a small fixed fee. The percentage varies depending on the countries involved, but it’s usually around 0.5% to 1%. Therefore, the total cost will depend on the specifics of your transfer.