Does Payoneer charge a fee

Yes, Payoneer does charge fees, which vary based on how you receive, convert, and withdraw your money. When setting up an account, it's usually free and there are no monthly subscription fees. When receiving money, it's free if it comes from another Payoneer user or if you receive funds in a matching local currency. However, for other currencies, it could be up to 1% or a fixed fee, and if you're paid via credit card, it could be up to 3.99% + $0.49. When converting currency and making withdrawals, the charge can be up to 2% above the mid-market rate. Additionally, there's an annual account fee of $29.95, but Payoneer may waive this if you reach a certain transaction volume within a year. For a full breakdown, you can check the official Payoneer Pricing page.