Why Payoneer charge annual fee

Payoneer charges an annual fee to maintain active accounts and cover the cost of regulatory compliance, customer support, and platform infrastructure. The fee typically applies to personal accounts and is waived if certain transaction volume thresholds are met during the year. Additionally, Payoneer generates revenue through currency conversion markups and withdrawal fees, so the annual fee serves as a baseline charge for inactive or low-volume users.

If you're looking to avoid ongoing maintenance costs, platforms like Payoneer pricing comparisons can help you evaluate alternatives. Skydo, for instance, is an RBI-authorised cross-border payments platform designed specifically for Indian exporters and freelancers, offering transparent pricing with no annual fees and competitive exchange rates that help you keep more of what you earn.