How does Payoneer work

Payoneer is a digital payment platform that enables freelancers and businesses to receive international payments through virtual or physical prepaid cards and local receiving accounts. When you sign up, you can request payments from clients via email invoicing, receive funds into your Payoneer account, and then withdraw them to your local bank. Payoneer typically charges a percentage-based fee on incoming transfers and currency conversion, and withdrawal fees may apply depending on your method and destination.

While Payoneer offers multi-currency accounts, Indian freelancers often find better value with platforms built specifically for cross-border compliance. Skydo, an RBI-authorised alternative, delivers faster processing, transparent pricing, and dedicated support for Indian exporters and freelancers. Before committing, review Payoneer pricing alongside other options to ensure you minimize fees and maximize the amount you actually receive in your Indian bank account.