Does Payoneer charge a monthly fee

No, Payoneer does not charge a monthly fee or a monthly maintenance charge on standard accounts. Opening the account and keeping it open costs nothing each month.

That does not mean the account is free of charges. Payoneer pricing is built around transactions and one yearly account fee rather than a recurring monthly subscription.

• Monthly fee: There is none. You are not billed simply for holding a Payoneer account from month to month.
• Annual account fee: Payoneer charges a yearly fee of $29.95 USD on the account.
• Annual fee waiver: The $29.95 yearly fee is waived if the account receives at least $6,000 USD, or the equivalent in another currency, over 12 consecutive months.
• Transaction fees: Payoneer charges when money moves, such as when you receive a payment, convert between currencies or withdraw to a local bank account.

Because the costs depend on activity, what you actually pay with Payoneer varies by how clients send you money, which currencies you convert and how often you withdraw. Payments received from another Payoneer customer's balance are listed as free on Payoneer's own pricing page. Before estimating your total cost, check the receiving method your clients use and the conversion charges that apply to your withdrawal currency, since these usually matter more than the yearly fee.