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The market leader in cross-border e-commerce payouts. Whether you sell on Amazon, run a Shopify store, or freelance, Payoneer provides compliant, low-fee global multi-currency receiving accounts.
Payoneer's standard withdrawal fee to your local bank account is 1.2%.
Exchange Rate: The conversion rate uses the real mid-market rate on the day of the transfer. This means you only pay the transparent 1.2% fee and don't suffer from hidden high exchange rate markups (unlike PayPal).
VIP Discounts: If your monthly receiving volume exceeds $100,000, you can negotiate with an account manager to lower this fee to 0.3%~0.5%.
Takes 5 minutes to complete the form
Provide clear ID photos and proof of address
Apply for local receiving accounts in the dashboard
While Payoneer is highly stable, the following actions will result in rejected funds or account reviews.
Payoneer GPS accounts are strictly for business/platform funds. If you ask a friend to wire money from their personal bank account to your Payoneer account, it will be 100% rejected, returned, and trigger an AML review.
If your account does not receive or send a total of $2,000 USD in transactions over the past 12 months, you will be charged a $29.95 annual fee. Don't activate the account until you are ready to use it.
Withdrawing funds to your local bank account via Payoneer uses compliant cross-border payment channels. For sellers in countries with strict capital controls (like China), this does not consume your personal foreign exchange quota.
Payoneer allows you to open multiple virtual Receiving Accounts. You can assign different accounts to different Amazon marketplaces or Shopify stores to completely isolate cash flow and prevent account association.
Independent sellers usually bind their Payoneer US virtual account to their Stripe dashboard. The flow: Buyer's Credit Card -> Stripe -> Payoneer -> Your Local Bank.