How much does it cost to open a Payoneer account

Opening a Payoneer account is free. There are no setup fees, monthly maintenance charges, or minimum balance requirements to create and hold an account. However, Payoneer does charge fees for certain transactions, such as receiving payments from clients (typically around 3% for marketplace payments), withdrawing funds to your local bank account, and currency conversion. For a detailed breakdown of what you'll pay beyond account opening, check Payoneer pricing structures and compare them with alternatives.

If you're an Indian exporter or freelancer looking for a more cost-effective option, Skydo offers an RBI-authorised platform with transparent pricing and competitive exchange rates. Unlike Payoneer, Skydo is purpose-built for receiving international payments in India, often delivering faster processing times and lower overall costs for cross-border transactions.