Does Payoneer charge a fee for withdrawal

Question

Accepted Answer

Yes, Payoneer charges a fee for withdrawal, and the amount depends on whether you withdraw to a bank account or take cash from an ATM with its card.

Payoneer states that withdrawal fees to a local bank account vary with the currency of your account, so the exact charge differs by region.

Same-currency bank withdrawals: A flat fee of $1.50, or the local currency equivalent, applies when monthly withdrawals stay under $50,000. Transfers under $400 are reported to carry a higher fixed fee of $4.00.
Cross-currency bank withdrawals: When your balance and bank account use different currencies, such as USD withdrawn to a non-USD account, Payoneer adds a conversion fee of up to 2% above the mid-market exchange rate.
High-volume bank withdrawals: Once monthly withdrawals go above $50,000, the flat fee is replaced by a charge of 0.5% of the amount.
ATM cash withdrawals: Taking out cash with the Payoneer Prepaid Mastercard costs a fixed $3.15, €2.50 or £1.95 per transaction, with an extra 1.8% to 3.5% if a currency conversion is involved.

Because the published Payoneer pricing can change by country and currency, check the fee section in your Payoneer dashboard or the pricing page for your region before you withdraw.