Payoneer Pricing: Complete Guide on Fee Breakdown
Payoneer charges a 1-4% fee to convert and withdraw to INR, plus 1% when a client pays a payment request by US ACH debit, and a $29.95 annual account fee if you receive under $6,000 in any 12 consecutive months. Here's the full breakdown vs Skydo.
Receipts processed under RBI PA-CB rules are capped at ₹25 lakh per transaction. Larger invoices need a separately eligible route.
₹4,63,429Over $1B processed • Licensed by RBI
Approved underRBI's PA-CB framework
Approved underRBI's PA-CB framework
Payoneer Pricing Overview
Payoneer's pricing in India has three components: a 1-4% withdrawal fee when converting USD to your Indian bank account, a receiving fee depending on how your client pays you, and a $29.95 annual fee if you receive less than $6,000 in any 12 consecutive months.
For marketplace receivables like Amazon, Upwork, and Fiverr, payments arrive through each marketplace's Payoneer integration, and any receiving fee depends on that marketplace's payout terms. The 1-4% withdrawal fee still applies when you convert to INR.
Payoneer doesn't charge monthly subscriptions.
Payoneer Fees Explained
Payoneer fees stack as receiving fee + withdrawal fee + an annual account fee where it applies.
Common cost components for Indian users:
Marketplace integrations
Payoneer's value is its direct integration with Amazon, Upwork, Fiverr, Walmart. Marketplaces typically take their own platform fee on top of Payoneer's FX cost.
Capital advance
Payoneer Capital Advance offers cash against future Amazon receivables, with implicit financing rates.
Payoneer FX and Currency Conversion
Payoneer converts your USD to INR at a marked-up rate, not the mid-market rate you see on Google. This cost is embedded in the 1-4% withdrawal charges. On a $10,000 receivable, that is anywhere between ₹9,500 and ₹38,000 in withdrawal cost depending on your rate.
Skydo charges $29 plus 18% GST ($34.22) on the same $10,000 invoice with zero FX markup, roughly ₹3,250 at ₹95 per USD, and you keep the rest.
For marketplace freelancers on Upwork or Fiverr whose payouts arrive through Payoneer's marketplace integration, Payoneer is convenient. For higher-volume B2B exporters and service businesses, Skydo wins on cost.
Payoneer Charges to Watch For
Beyond the headline FX and withdrawal fees, several charges add up:
Annual account fee
$29.95 charged if you receive less than $6,000 in any 12 consecutive months, subject to your account tariff and paid-plan exceptions.
No control over conversion timing
India accounts withdraw automatically to your Indian bank (or an eligible EEFC account) within 48 hours, so you cannot hold USD in Payoneer to time the conversion.
No automated eBRC
For Amazon Global Selling, eBRC is self-handled, costing time and money.
Settlement timing
Automatic withdrawal to your Indian bank starts within 48 hours of receipt; when the money lands depends on bank processing.
How Much Does Payoneer Actually Cost? (Real Example)
Indian Amazon Global Selling exporter receiving a $5,000 monthly disbursement on Payoneer vs Skydo. Mid-market: 1 USD = ₹85 (illustrative). Payoneer: Amazon payout assumed free to receive and a 2% conversion fee (India range 1-4%), before any GST on its fee. Skydo: Amazon Global Selling tariff of 0.5% for monthly payments under $10,000, plus 18% GST.
Disbursement amount
$5,000.00
Breakdown
Payoneer — what you lose
Disbursement amount
$5,000.00
Breakdown
Skydo — what you keep
Over 12 monthly disbursements of $5,000, that is about ₹71,900 saved per year at these assumptions, plus eBRC support for eligible exports.
For Amazon sellers in particular, Skydo automated eBRC saves dozens of hours per year of manual paperwork.
Payoneer Pricing vs Skydo Pricing
Every fee component, side by side.
Transaction fee structure
1-4% convert-and-withdraw fee + 1% on US ACH debit requests
$19 to $2K / $29 to $10K / 0.3% of the full amount above, plus 18% GST
Fee on $1,000 invoice
Up to ~$50 (1% ACH debit + 4% top of withdrawal range)
$22.42 ($19 + GST)
Fee on $5,000 invoice
Up to ~$250 (1% ACH debit + 4% top of withdrawal range)
$34.22 ($29 + GST)
Fee on $10,000 invoice
Up to ~$500 (1% ACH debit + 4% top of withdrawal range)
$34.22 ($29 + GST)
Card receiving (invoice)
2.90% + $0.49 (current India tariff)
N/A
FX margin
1-4% convert-and-withdraw fee (listed on Payoneer's India pricing; check your account rate)
Zero. Live mid-market.
Annual account fee
$29.95 (if under $6,000 received in any 12 consecutive months)
None
eBRC (Amazon Global Selling)
✕
✓ Automated
Settlement
Auto-withdrawal within 48 hours; bank credit varies
24-48 hours
Is Payoneer Worth the Cost for Indian Exporters?
Payoneer is convenient for marketplaces; Skydo wins on cost and Amazon eBRC.
Payoneer is worth it when.
You're paid via marketplaces with locked Payoneer integrations (Upwork, Fiverr). You have confirmed your India account is eligible for a Payoneer card. You need capital advance against Amazon receivables. You receive small, frequent payments from many clients.
Payoneer stops being worth it when.
Your invoices are $1K+ and FX adds up. You sell on Amazon Global and want automated eBRC. You want flat-fee predictability and faster settlement. This is exactly where Skydo fits.
Frequently Asked Questions About Payoneer Pricing
What is Payoneer's effective cost?
Payoneer’s effective cost depends on how you are paid and your account tariff: a 1-4% fee to convert and withdraw to INR, plus a receiving fee on some methods (1% for US ACH debit payment requests, 2.90% + $0.49 for cards; local USD bank transfers are listed as free). For example, a US ACH debit request with a 2% conversion fee costs about 3% before GST, which is often cheaper than PayPal.
Does Payoneer have an annual account (inactivity) fee?
Yes. Payoneer charges a $29.95 annual account fee in India if you receive less than $6,000 (or equivalent) in any 12 consecutive months, subject to your account tariff; some paid plans are exempt. The test is based on receipts, not on whether the account is active, so an account with transactions can still be charged.
Does Payoneer provide FIRA?
Yes, Payoneer provides digital FIRA (Foreign Inward Remittance Advice) to Indian freelancers, service providers, and exporters for every international transaction. It is generated automatically and provided free of charge, serving as official proof of receiving foreign currency payments.
Does Payoneer automate eBRC?
Payoneer has no in-app eBRC automation for Indian exporters. It provides a free digital FIRA as evidence of each inward remittance. The eBRC itself is generated on DGFT, by the exporter through self-certification or an integrated platform, using the inward remittance (IRM) your AD bank reports; it covers goods and eligible service exports, and EDPMS closure for goods is a separate bank workflow.
Are there volume discounts?
Yes, Payoneer offers volume-based discounts and reduced fees for high-volume users, especially freelancers, e-commerce sellers, and businesses processing large monthly transaction volumes. High-volume merchants can negotiate via direct contact.
Should I use Payoneer or Skydo?
For Indian freelancers and businesses receiving international payments, Skydo is often better for lower, flat fees and no forex markup, making it more cost-efficient for high-value invoices and direct client payments. Payoneer is better for wider platform integrations such as Upwork and Etsy, though India accounts withdraw automatically to your Indian bank, so it is not a multi-currency holding wallet for Indian users. In practice, Skydo suits savings-focused direct payments, while Payoneer is more useful for marketplace-driven income.
Stop Losing 2-3% on Every Payoneer Disbursement
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