About the Payoneer Mass Payout Account

What is Payoneer?

Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments.

What is the Payoneer Mass Payout Account?

The Payoneer Mass Payout Account provides companies, corporations and marketplaces with a cross-border payment solution, enabling them to transfer funds to large numbers of beneficiaries in more than 200 countries, in 150+ currencies.

Who uses the Payoneer Mass Payout Account?

Leading brands pay their cross-border beneficiaries through Payoneer. A few examples are:

  • Airbnb uses Payoneer to pay its hosts for vacation rentals.
  • Upwork uses Payoneer to pay its freelancers for services they complete.
  • iStock uses Payoneer to pay photographers for their royalties.

Does the Payoneer Mass Payout Account offer international payments?

Yes, cross-border payments are Payoneer’s specialty. You can send funds with Payoneer to more than 200 countries in 150+ currencies.

Eligibility for a Payoneer Mass Payout Account

Who should apply for a Payoneer Mass Payout Account?

  • Companies that pay out funds of at least $30,000 to a substantial number of international beneficiaries each month.
  • Companies that run a marketplace business model where they connect sellers and buyers, hosts and guests, publishers and advertisers, freelancers and businesses.

Which businesses should not apply for a Payoneer Mass Payout Account?

Payoneer does not support the following businesses:

  • Online gaming
  • Non-profit organizations
  • Virtual currency / virtual goods
  • Pharma products
  • Selling of precious gems, gold, silver, etc.
  • FOREX trading
  • Remittance payments
  • Interest payments / loans

What is the minimum cross-border payout volume?

The Payoneer Mass Payout Account is the solution for you if your company pays international beneficiaries at least $30,000/month.

How do I apply for a Payoneer Mass Payout Account?

To apply for a Mass Payout Account, please click here.

Fees

How much does sending a single payment cost?

Sending a payment does not cost the sender. The recipient is charged a single transfer fee of $3 on average.

Payout Methods and Services

How do my beneficiaries apply for a Payoneer MasterCard® Card?

Your beneficiaries can register for a Payoneer Account here. You then transfer funds to your beneficiaries’ Payoneer Accounts from which they can use their card to spend the funds online, in-store or withdraw cash at ATMs worldwide.

Are my funds secure?

Yes. Payoneer is a regulated Money Service Business in the US and holds an E-Money license in the EU. We are audited and regulated and hold a PCI DSS level 1 certificate. We have partnered with leading financial institutions to hold the funds of Mass Payout Account Holders.

What are Payoneer's payout methods?

Our range of payout options include payment to beneficiaries’ MasterCard® cards, transfers to local banks in over 200 countries and more than 150+ currencies, local eWallets, and international checks.

How can I make a single payment to a beneficiary with a Payoneer Card?

To send a single payment, please click here.

If you make payouts on a regular basis, please apply for a Payoneer Mass Payout Account.

Can I send payments in EUR and have my beneficiaries receive them in USD?

Absolutely. With Payoneer, you can send funds in the currency of your choice (EUR for example). Payoneer will then convert the funds and send them according to your beneficiaries’ currency of choice (for example, USD).

What is the flow in paying my beneficiaries?

  • Your Beneficiaries select their preferred payment method

  • Fund your mass payout account

  • Disburse/send funds to your beneficiaries

General Information

Is the Payoneer Mass Payout Account right for me, if I only need domestic payment transfers?

If you need a combination of local and international payouts, Payoneer would be right for you. However, if you only pay inside the U.S. or Europe we recommend you use local payout methods (ACH in the US and SEPA in Europe).

Does Payoneer provide a merchant account for collecting payments?

You can apply for a Payoneer Account which will allow you to obtain foreign collection bank account number or issue payment requests when invoicing your clients.

Click here to learn more.