Payoneer Review

Plans & pricing

Prices last verified Nov 11, 2026

Free plan limits

Receiving from another Payoneer balance or via a local-currency receiving account is free. Client card payments cost up to 3.99% + 0.49 USD; bank withdrawals 1.2–4% depending on country and currency.

Free trial

No free trial

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Controversies & incidents

Issues documented by the press, regulators, courts or the vendor itself. Every item is sourced; unproven claims are labelled as allegations. Last researched: Nov 11, 2026

• Medium impactConfirmedSecurity · Jan 19, 2024

  Payoneer accounts in Argentina taken over and emptied

  The Record and BleepingComputer reported dozens of users in Argentina whose passwords were changed and balances drained. Payoneer confirmed fraud but attributed it to customers clicking phishing links.

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  BleepingComputer reported that many victims had two-factor authentication enabled yet received password-reset SMS messages they had not requested before funds were sent to an unknown email address; several said they had clicked no links. The outlet called Payoneer's reliance on SMS for verification and password recovery a weakness, though the exact method remained unclear. The Record gave no total number of accounts or losses.

  Vendor response

  Payoneer said fraudsters lured "a very limited number of customers" to phishing sites and that it acted quickly to contain the fraud; it could not confirm funds would be recovered in every case but said it was working to recover them.

  Sources:The Record (2024-01-19)BleepingComputer (2024-01-19)

• Medium impactResolvedRegulator · Nov 2, 2023

  NYDFS fines Payoneer 1.25M USD over sanctions screening

  Per a Pryor Cashman analysis, NYDFS fined subsidiary Payoneer Inc. 1.25M USD in a consent order citing insufficient screening algorithms and oversight failures.

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  The analysis says that in 2016 Payoneer learned it had processed a payment to a bank in Crimea and self-disclosed to OFAC. NYDFS found 2,220 apparently violating transactions from 2013 to 2018, totalling nearly 794,000 USD, and called this unsafe and unsound conduct in breach of OFAC compliance-programme rules. Payoneer suspended bank transfers to Russia and reviewed five years of transactions; NYDFS credited its cooperation and remediation in setting the penalty.

  Sources:Legal 500 / Pryor Cashman - The Payoneer case (2023-11)

• Medium impactResolvedRegulator · Jul 23, 2021

  OFAC settlement of 1.4M USD over sanctions violations

  Per Compliance Week, Payoneer agreed to pay 1.4M USD to resolve 2,260 apparent violations of US sanctions.

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  Compliance Week reports that between February 2013 and February 2018 Payoneer processed 2,241 payments for parties in Crimea, Iran, Sudan and Syria and 19 for persons on the SDN List; OFAC said these payments totalled just over 802,000 USD. The article carries no Payoneer statement.

  Sources:Compliance Week (2021-07-26)