Does Payoneer work in ukraine

Yes, Payoneer works in Ukraine, and freelancers, sole proprietors (FOPs) and businesses use it to receive and manage payments from abroad.

The main ways Ukrainian users rely on Payoneer are listed below.

• Receiving payments: You can be paid by foreign clients, marketplaces such as Amazon, Upwork and Fiverr, and ad networks, holding USD, EUR and GBP in one multi-currency account.
• Withdrawing to Ukrainian banks: Funds can be sent to local banks that accept Payoneer transfers, such as PrivatBank or PUMB, in hryvnia (UAH) or in foreign currency.
• Cards and mobile wallets: Payoneer offers physical and virtual cards, and a Payoneer card can be added to Apple Pay or Google Pay for spending online, locally and abroad.
• Proof of income: Ukrainian banks accept Payoneer statements and invoices as evidence of where income came from, which helps FOPs report and declare foreign earnings.

Opening and holding a basic Payoneer account is free, but fees apply to certain transactions, currency conversion and withdrawals. Payoneer's own guide for Ukrainian businesses says a withdrawal to a Ukrainian bank account costs up to 2% over the interbank rate. Check Payoneer pricing for your specific transaction type before moving large amounts.

Payoneer states that it complies with international sanctions. It has stopped transactions with restricted financial institutions and ended services in Donetsk and Luhansk, so users in those regions cannot use the platform.

Before you start, confirm whether you will use Payoneer as an individual or as a FOP, and check that your Ukrainian bank accepts incoming funds from Payoneer.