Payoneer

E-money or payment institution · New York, United States

Payoneer is a Nasdaq-listed payments company headquartered in New York that gives freelancers, marketplace sellers and SMEs receiving accounts in 70 plus currencies and payouts to 190 plus countries. It is a licensed non-bank money transmitter in the US with e-money and payment licences in Ireland, the UK, Singapore, Hong Kong, Japan and Australia. In 2025 it reported revenue of USD 1.05 billion and USD 7.9 billion of customer funds. Bank withdrawals with conversion cost 1.2% to 4%.

Legal name: Payoneer Global Inc.
Regulated by: FinCEN and US state regulators (licensed money transmitter in all states requiring it, DC, Puerto Rico and USVI), Central Bank of Ireland (electronic money institution, EEA passport), FCA (UK), MAS (Singapore), Hong Kong regulators, Japan FSA, Australia (Payoneer Australia Pty Ltd), China and India regulators, OFAC (2021 sanctions settlement), SEC (Nasdaq-listed issuer)
Licence confirmed: yes, on a regulator's own list
Established: 2005
Website: www.payoneer.com

Scores, 0 to 10

8.0Online businesses: e-commerce and SaaS

Marketplace payouts, receiving accounts in 70 plus currencies, Checkout and payment links, with Airbnb, Upwork, Fiverr and Rakuten as customers. Receiving accounts in 22 currencies with local USD, EUR and GBP details, but receipts in a non-local currency cost 1% and card payments up to 3.99% plus USD 0.49. · source

8.0Foreign-owned & non-resident companies

Online registration is offered in over 150 countries and receiving accounts are activated after a one-time document submission, under licences in the US, Ireland, UK, Hong Kong, Japan, Singapore, Australia, India and China. · source

7.5Fast digital onboarding

Online sign-up for individuals and companies in 190 plus countries with nearly 2 million active customers. · source

7.0Business cards (Visa, Mastercard)

Commercial Mastercard with physical and additional free virtual cards, USD 29.95 annual card fee, up to 1.8% on purchases abroad without conversion and up to 3.5% with conversion. · source

6.5Latin America, Africa & South Asia

Operates in China through Easylink Payment (acquired April 2025), in India with RBI approval and FIRC issuance, and in Ukraine with PrivatBank and Monobank partners. · source

6.0United States

Payoneer Inc. is a licensed money transmitter in all required US states, DC, Puerto Rico and the USVI, with USD receiving accounts via ACH, but no bank charter or FDIC cover on balances. · source

6.0Stablecoins (USDC, USDT and others)

On the May 2026 call Payoneer said its Bridge-powered stablecoin wallet is live with an initial cohort of business customers, for receiving, holding and paying contractors in USDC and USDT; availability is limited by country, the wallet is Bridge's, and the planned PAYO-USD coin awaits an OCC charter and the pending Nuvei takeover. · source

5.5Asia-Pacific (SG, HK, AU, JP, KR)

Regulated as a non-bank financial institution in Singapore, Hong Kong, Japan and Australia, with local-currency withdrawals in those markets. · source

5.5Financial strength & stability

Unrated but Nasdaq-listed with USD 1.05 billion 2025 revenue, USD 8.96 billion total assets and liquid assets held at 100% of customer funds. · source

5.0Europe (EU, EEA, Switzerland)

Payoneer Europe holds a Central Bank of Ireland e-money authorisation passported across the EEA, offering EUR receiving accounts. · source

5.0United Kingdom

FCA-licensed with GBP receiving accounts and a London office since 2017, but no bank licence or credit. · source

5.0Cross-border payments, FX and multi-currency accounts

70 plus currencies and 0.50% to move funds between balances, but bank withdrawals with conversion cost 1.2% to 4%. Balances in 70 plus currencies with 0.50% internal conversion, but no pooling, hedging or credit facilities beyond working capital advances. · source

5.0Lowest fees

USD 1.50 same-country USD withdrawals and free local-currency receipt, offset by 1.2% to 4% conversion withdrawals and a USD 29.95 fee on accounts receiving under USD 6,000 a year. · source

5.0Customer satisfaction

Trustpilot rating withheld for a guideline breach after fake reviews were removed; 63,363 reviews with 69% five-star and 15% one-star. · source

5.0Crypto wallet and custody for a business

Since Q1 2026 eligible business accounts can open a stablecoin wallet inside Payoneer, but the April 2026 terms say the wallet is run solely by Bridge Ventures LLC under Bridge's terms, holds only USDC and USDT, and Payoneer's own OCC trust bank charter is still an application. · source

5.0On-ramp: buy crypto with fiat

Eligible customers can convert balances into USDC or USDT in the Bridge wallet in a few markets, and the April 2026 terms say Payoneer does not block the card category code of crypto sellers, but sending Payoneer balances to exchange accounts is not a supported use. · source

4.5Off-ramp: crypto to fiat in a business account

Stablecoins held in the Bridge wallet can be withdrawn to a local bank account, but the terms warn that money moved to third-party services may not come back to the Payoneer balance, and receiving proceeds of crypto sales stays outside permitted use, checked September 2026. · source

4.0Fintech companies that need a partner bank

Mass payout and API products for marketplaces and platforms, but no safeguarding accounts or rail access for EMIs. · source

4.0Startups & VC-backed companies

Startups are served as ordinary SMEs; the only financing product is a working capital advance. · source

4.0Accept crypto payments

Payoneer says a business can receive customer payments in stablecoin through the Bridge wallet, but this is an early cohort product with no checkout gateway, no published coin list beyond USDC and USDT, and no merchant fee table, checked September 2026. · source

3.5Trade, manufacturing & import-export

B2B invoice payments, VAT payments and working capital advances, but no letters of credit or guarantees. · source

3.0Crypto-friendly bank

No public policy found; the 2025 10-K says Payoneer is investing in stablecoin capabilities but lists no crypto-business onboarding. · source

1.5Best interest on business balances

The pricing page lists no interest or yield product on balances. · source

1.0High-risk verticals (iGaming, cannabis, adult, forex)

The prohibited transaction list excludes adult services and dating, gambling and lotteries, cannabis and CBD, binary options and brokerage investment services. · source

1.0Bitcoin

Payoneer offers no bitcoin; its FAQ says the Bridge wallet supports only USDC and USDT and is for payments, not trading or investing, checked September 2026. · source

1.0Ethereum

Payoneer offers no ether or staking; the only tokens supported are the USDC and USDT stablecoins, which are scored under stablecoins, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.