How much does Payoneer charge for $500

Question

Accepted Answer

Payoneer's charge on $500 depends on how the money arrives and how you withdraw it, with fees running from $1.50 to $31.45.

There are two separate points where fees can apply: when the $500 lands in your Payoneer balance, and when you move it to your bank.

From another Payoneer user: Receiving from another customer's Payoneer balance is free.
From marketplaces: Payments from marketplaces and integrated platforms such as Upwork or Fiverr carry fees that vary by marketplace.
ACH bank transfer: A US client paying by ACH costs 1%, which is $5.00 on $500.
Credit card: A client paying by card costs up to 3.99% plus $0.49, or $20.44 on $500.

Same-currency withdrawal: Sending USD to a USD bank account costs a flat $1.50.
Cross-currency withdrawal: Converting to a local currency such as INR adds a markup of 1% to 2%, which takes $5.00 to $10.00 from $500.

Combined examples for $500 show how the two stages add up.

ACH in, USD bank out: $5.00 to receive plus $1.50 to withdraw, for $6.50 in total.
ACH in, local currency bank out: $5.00 to receive plus about $10.00 in conversion markup, for roughly $15.00.
Card in, local currency bank out: $20.44 to receive plus about $10.00 in conversion markup, for roughly $30.44.

Review Payoneer pricing for your country as well, because an annual account fee of $29.95 can apply. Payoneer India states this fee is charged only if you receive less than 6,000 USD in any 12 consecutive months.