Payoneer
by Payoneer Inc. · Global Payouts
Cross-border payment platform for mass payouts, receiving accounts and business Mastercards.
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
- Works with
- QuickBooksXero
- Deployment
- Cloud
- Company size
- SMB, Mid-market, Enterprise
- Pricing
- Pay-as-you-go transaction fees
- Founded
- 2005
- Headquarters
- New York, United States
Overview
Payoneer is a publicly traded (Nasdaq: PAYO) cross-border payments company, founded in 2005, that lets businesses and freelancers receive, hold and send money internationally. Its core mass payouts platform is aimed at marketplaces, digital platforms and businesses that need to pay large numbers of sellers, freelancers, contractors or suppliers around the world without opening local banking relationships in every country.
Businesses can hold balances in multiple currencies, request or receive payments through local receiving accounts in major currencies, and pay out via Payoneer balance, local bank transfer or eWallet. A Mass Payout API and CSV-based bulk upload let platforms initiate high volumes of payments programmatically, with Payoneer handling currency conversion, payee onboarding, and KYC, AML and fraud screening as a regulated payments provider. A commercial Mastercard and a working-capital advance product round out the offering for businesses that also want to spend or borrow against their Payoneer balance.
For accounting, Payoneer connects directly to QuickBooks Online and Xero, creating a bank feed for each connected Payoneer balance so transactions sync automatically for reconciliation. Deeper ERP connectivity such as NetSuite is available only through third-party integration providers rather than a native Payoneer integration.
Screenshots & demo
Demo video from the vendor's YouTube channel. Screenshots sourced from Payoneer Inc..
Features & capabilities
Mass Payouts
Bulk and automated payment disbursement for marketplaces and platforms.
- Mass Payout API for programmatic payee registration and fund transfers
- CSV bulk upload for batch payment runs
- Payout in 70 currencies to 190+ countries and territories
- Payout to Payoneer balance, local bank account or eWallet
- Recurring and scheduled payment runs
- Automatic currency conversion at payout
Receiving and Multi-Currency Accounts
Local receiving accounts and multi-currency balance management.
- Local receiving accounts in major currencies including USD, EUR and GBP
- Hold balances in up to 30 currencies
- Withdraw funds to a local bank account
- Get paid directly by clients via payment requests
- Marketplace-integrated payment collection
Compliance and Risk
Regulatory and fraud controls built into the payout flow.
- KYC and payee identity verification
- AML screening
- Fraud prevention monitoring
- Regulated, audited payments infrastructure
Cards and Working Capital
Spend and financing products layered on the Payoneer balance.
- Payoneer Commercial Mastercard for business expenses
- Working capital advance against Payoneer balance
- Stablecoin wallet in beta for faster settlement
Accounting Integration
Direct sync into accounting software for reconciliation.
- QuickBooks Online bank feed integration
- Xero bank feed integration
- Daily automatic transaction sync
- Only completed transactions sync; pending or canceled ones do not
Common use cases
- A marketplace paying thousands of sellers or freelancers across 190+ countries from a single API
- A gig-economy or creator platform automating recurring contractor payouts
- A business collecting client payments in multiple currencies via local receiving accounts
- An import or export business paying overseas suppliers without opening foreign bank accounts
- An affiliate network or ad platform disbursing publisher payments in bulk
- A freelancer or agency withdrawing marketplace earnings to a local bank account
- A finance team reconciling multi-currency Payoneer balances automatically inside QuickBooks or Xero
Strengths & considerations
Strengths
- Large built-in network of about 5 million payees already registered on Payoneer, reducing onboarding friction for platforms
- Broad payout footprint of 70 currencies and 190+ countries and territories from one API
- Publicly traded, regulated payments company on Nasdaq under PAYO with two decades of operating history
- Combines payouts with card issuance and working-capital financing on the same balance
ERP integrations
Connect Apps flow creates a daily-syncing bank feed per connected Payoneer balance
Same bank-feed mechanism as the QuickBooks integration
Pricing
No account subscription for most users; fees apply per transaction type. Receiving is free from other Payoneer users and via local receiving accounts; about 1 percent with a 1 dollar minimum for non-local currency receipts; up to 3.99 percent plus 0.49 dollars for card receipts; marketplace receiving fees vary by platform. Sending costs up to 4 dollars to another Payoneer account in the same country, or up to 1 percent plus up to 4 dollars cross-country. Bank withdrawal is 1.50 dollars, ATM withdrawal 3.15 dollars, currency conversion up to 3.5 percent. A 29.95 dollar per year account fee applies to inactive or low-balance accounts and is waived above a 2,000 dollar balance. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS (multi-tenant)
- Mobile app
- Yes
- Languages
- English
About the vendor
- Founded
- 2005
- Headquarters
- New York, United States
- Employees
- 2,000+
- Ownership
- Public (Nasdaq: PAYO)
- Notable customers
- eBay, Airbnb, Walmart, Fiverr, Google, Taboola
Alternatives to Payoneer in Global Payouts
Payoneer — frequently asked questions
How many countries can Payoneer pay out to?
Payoneer supports mass payouts to 190+ countries and territories in up to 70 currencies, delivered to a Payoneer balance, local bank transfer, or eWallet.
Does Payoneer integrate with accounting software?
Yes. Payoneer has native bank-feed integrations with QuickBooks Online and Xero that sync completed transactions daily for reconciliation. Deeper ERP integrations such as NetSuite are only available through third-party integration providers, not natively from Payoneer.
What fees does Payoneer charge for mass payouts?
Fees vary by payment route: sending to another Payoneer account costs up to 4 dollars domestically or up to 1 percent plus up to 4 dollars cross-border, and currency conversion carries a markup of up to 3.5 percent. Receiving fees depend on the source, from free to about 3.99 percent plus 0.49 dollars for card payments.
Is Payoneer a regulated company?
Payoneer Inc. is publicly traded on Nasdaq under the ticker PAYO and operates as a regulated payments provider, handling KYC, AML and fraud screening as part of its payout infrastructure.
Evaluating Global Payouts?
Tell us your ERP and requirements and we'll send an independent shortlist — including Payoneer and the best-fit alternatives — with honest pros and cons.