Why Payoneer exchange rate is low

Payoneer's exchange rates often appear low because the platform includes a markup above the mid-market rate, typically ranging from 1% to 3%, to cover operational costs and generate revenue. This markup, combined with any additional withdrawal or transfer fees, can reduce the effective amount you receive compared to the real-time interbank rate you see on search engines.

If you're comparing providers, a detailed Payoneer vs Wise breakdown can help you understand how different platforms structure their pricing. For Indian exporters and freelancers seeking better rates, Skydo offers RBI-authorised transfers with transparent pricing and competitive exchange rates, often delivering more favorable terms than traditional remittance platforms while ensuring compliance and speed.