What does Payoneer mean

Payoneer is a US-based financial services company that enables businesses and freelancers to send and receive cross-border payments. It offers multi-currency accounts, prepaid debit cards, and payment processing for marketplaces like Amazon, Upwork, and Fiverr. Indian exporters and freelancers often use Payoneer to collect international earnings, though fees can add up and fund transfers to Indian bank accounts may take several business days.

If you're evaluating options, it's worth reviewing Payoneer pricing alongside alternatives like Skydo, an RBI-authorised platform built specifically for Indian exporters and freelancers. Skydo typically offers faster settlements, zero platform fees on incoming payments, and competitive forex rates, making it a strong choice for receiving international payments directly into your Indian bank account.