Why Payoneer charge annual fee
Payoneer charges an annual account fee, usually 29.95 USD, to cover account upkeep when an account sees little or no incoming payment activity over a year.
Running virtual receiving accounts, meeting regulatory compliance duties and keeping security systems in place all cost money. The fee also discourages people from opening free accounts and leaving them idle, since unused accounts still take up system resources.
- Threshold: The fee applies only if you receive less than a set amount in any 12 consecutive months. Payoneer's India pricing page puts this at 6,000 USD, while other regions and account types have used a lower figure of 2,000 USD.
- Automatic waiver: If your incoming payments reach or exceed the threshold within that 12 month window, Payoneer does not charge the fee, and you do not need to request a waiver.
- Changing criteria: Payoneer's support centre states it is updating the criteria for the 29.95 USD annual account fee in some countries, so the rule can differ by location.
- Card fee: A separate annual fee of 29.95 USD can apply to the first Payoneer Prepaid Mastercard when account activity is low.
To see the exact threshold for your country, check the Payoneer pricing page for your region and compare it with how much you expect to receive in a 12 month period. Payoneer's notice on fee updates also says users who disagree with a change can close their account with no additional charges.