Can I use Payoneer

You can use Payoneer if you run a business, work as a freelancer or get paid by international clients or global marketplaces, including from India.

Payoneer accounts are meant for commercial use only, so they are not designed for personal transfers between friends or family.

• Receiving accounts: You get virtual accounts in major currencies such as USD, EUR and GBP, so overseas clients can pay you as if paying locally.
• Marketplace payouts: The account can be linked to platforms such as Upwork, Fiverr and Amazon so earnings are paid straight into it.
• Local withdrawals: Money held in your Payoneer balance can be moved to your own bank account in your country.

To open an account, you sign up on the Payoneer website and complete verification:

• Identity proof: Provide a government-issued ID. In India this can be a PAN or Aadhaar card.
• Bank details: Add the details of an active local bank account where withdrawals will be sent.

Some guides suggest Payoneer suits people who receive regular business payments of around $500 or more, since fees work out better for that kind of use. If you are weighing Payoneer against PayPal or another service, compare how each handles your specific use case, such as freelancing, e-commerce or invoicing clients, before you sign up.