Benefits of Payoneer for Ukrainian business in 2025

Ukrainian business continues to actively develop and integrate into the world economy. According to the data European Business Association, 2 out of 3 SMEs plan to expand in 2025. 

Cooperation with foreign clients, sales through marketplaces, provision of services on freelance platforms – all this requires convenient, safe and affordable payment solutions. Payoneer has been a proven partner for companies, entrepreneurs and freelancers around the world for many years. In this article, we will tell you why our payment platform is a particularly profitable choice for Ukrainian businesses in 2025. 

Payoneer are international transfers without intermediaries

Illustration: Comparison of transfer speed and typical fees between Payoneer and traditional banks / other platforms. Reference:

Characteristic	Payoneer	Banks	Revolut	Wise	Paypal
A comprehensive platform for B2B payments	✓ Local accounts in 10 currencies ✓ Cards ✓ Working capital	Local accounts in 10 currencies Cards Working capital	Local accounts in 10 currencies Cards Working capital	Local accounts in 10 currencies Cards Working capital	Local accounts in 10 currencies Cards Working capital
Support contractors from all over the world	✓ Wide coverage of 190+ countries	Limited coverage	Over 29+ countries	140+ countries	120+ countries
Competitive currency conversion rates	0 – 0.5%	0% – 3%	0 – 0.4%	0.43%+	4%
Customer Support	✓Free support via email and chat ✓Specially allocated manager in your region	Free support via email and chat A dedicated manager in your region	No local support	No local support	No local support

Our service allows you to conduct international financial transactions directly — without delays, intermediary banks and unforeseen expenses. This is especially important for Ukrainian companies that work with partners in the USA, Europe and Asia.

Main advantages Payoneer:

• Global presence. Services are available in more than 190 countries around the world with support for 70 currencies. This allows entrepreneurs to receive and make payments in the currency of their international partners without unnecessary conversions and losses due to exchange rate differences.
• Speed carrying out financial transactions. Most transactions are between users Payoneer are carried out almost instantly, and withdrawal of funds to bank accounts usually takes from a few hours to one or two business days.
• Transparent and competitive Commission. We offer competitive rates, depending on the type of transaction, currency and withdrawal method. Current information on fees can be found in the section Payoneer fees. 

Payoneer Multi-Currency Accounts for Business

According to the data ECDB, Ukraine ranked 46th in the world in terms of e-commerce volume and will generate about $5,127.6 million in revenue in 2025. Therefore, the ability to receive and store funds in different currencies without conversion losses becomes critical for Ukrainian companies.

With our platform, Ukrainian entrepreneurs can open accounts in 70+ currencies, including USD, EUR, GBP, CAD, JPY, AUD, etc. This means that:

• Payment is received in the customer’s currency – no extra exchange fees.
• It is easy to balance income and expenses in different markets: received dollars — spend euros and vice versa.

Separately, it is worth noting that some users use third-party P2P platforms (such as Binance P2P, Paxful, etc.) to purchase cryptocurrencies, in particular USDT. It is worth considering that Payoneer does not support cryptocurrencies directly and is not responsible for such transactions – they occur solely at the user’s risk.

Payoneer integrates with marketplaces and online platforms

According to the data Freelance Mile, the share of Ukrainian freelancers on global platforms increased by 36% in 2024. For effective work, you need quick and easy withdrawal of funds, which is exactly what our service provides.

Thanks to direct integration with leading international online platforms and marketplaces, after connecting an account you get the opportunity to:

• Accept payment instantly.
• Automatically transfer money to bank accounts.
• Minimize manual work and risks of delays.
  
  Illustration: Online sites that Payoneer works with
  
  

Platforms we work with:

• Amazon: A convenient solution for sellers who scale business in the global market. Learn more about how to sell on amazon and expand your presence on the marketplace.
• eBay: Integration with Payoneer gives Ukrainian entrepreneurs a convenient and safe way to receive payments from international buyers. For more information on the benefits and features of using eBay for your business, see our guide to selling on eBay. 
• Etsy: The world’s largest marketplace for artisans selling handmade products.
• Fiverr: Freelancers from Ukraine who offer their services on the Fiverr platform can quickly and conveniently get paid for completed tasks.
• Upwork: One of the largest freelancing platforms in the world is also integrated with Payoneer, providing Ukrainian freelancers with a simple and reliable way to withdraw earned funds.
• Shopify: Online store owners on the Shopify platform can conveniently and quickly process international payments, thus expanding their sales market.

More information on how to withdraw funds from marketplaces with Payoneer can be found at link.

Payoneer is safety and reliability

We use advanced technologies to protect the funds and personal information of our users. Our multi-level system provides a high level of protection with the following tools:

• Data encryption — to ensure the confidentiality of financial and personal data of users.
• Two-factor authentication — an additional level of protection against unauthorized access.
• Monitoring of transactions in real time — detection of suspicious activity and payment protection from the actions of criminals. 
• Regulation according to international standards — Payoneer is a licensed financial institution operating in accordance with the requirements of regulators in various countries.

These measures help to increase the level of security and reliability when conducting international financial transactions.

Illustration: Compliance of Payoneer with regulatory requirements of different countries and regions

USA Financial Crimes Commission registered MSB and subscription provider and licensed money transfer operator in all 51 US states and territories.

Great Britain An electronic money institution authorized by the UK Financial Conduct Authority (FCA).

EU An electronic money institution authorized by the Central Bank of Ireland, passported in the EEA.

Hong Kong Licensed money services operator of the Hong Kong Customs and Excise Department.

Japan Money service operator license from the Japan Customs and Excise Department.

Learn about the real-life experiences of other entrepreneurs by reading user feedback on our website.

Payment and withdrawal of funds to bank accounts in Ukraine with Payoneer

The process of withdrawing funds in hryvnias to Ukrainian bank accounts through a personal account or mobile application is extremely convenient and transparent. 

Key benefits include:

• Processing speed: enrollment usually takes place within 1-3 business days.
• Favorable rate: conversion at the internal exchange rate with minimal markups.
• Wide coverage of banks: integration with leading Ukrainian banks such as PrivatBank, monobank, A-Bank, FUIB, etc.

In addition to traditional retellings, Payoneer also suitable for modern digital professions, for example, influencers and content makers on TikTok or game developers on Steam. They can easily withdraw their earnings to Ukrainian banks using our payment platform. 

You will find instructions for withdrawing funds to Privat24 at the following link: withdraw funds from Payoneer on Privat24.

Internationalization and business development with Payoneer

Ukrainian business, which strives for international growth, receives a reliable financial partner and the necessary infrastructure to enter new markets. Thanks to a wide network and the ability to make transactions in different currencies, Ukrainian entrepreneurs get simplified access to the global economy.

We make it easy to connect with international counterparties and clients by removing many of the financial barriers associated with international transfers. This allows Ukrainian companies to compete effectively on the world stage, receiving payments and making payments conveniently and quickly.

Development of B2B services Payoneer provides companies with tools to streamline international financial transactions, including bulk payments and potential integration with business management systems. This helps increase efficiency and reduce administrative costs when working with international partners.

In 2025, with the expected expansion of our capabilities in key markets, Ukrainian business will receive even more advantages for internationalization, opening new channels for growth and cooperation at the global level.

Payoneer is an ideal partner for Ukrainian businesses

In the conditions of the dynamic development of international trade and the constant need of Ukrainian business for global integration, the choice of a reliable payment partner is a key success factor. Payoneer in 2025 has proven itself as a comprehensive solution that meets the unique needs of Ukrainian entrepreneurs and freelancers in the international arena.

By providing fast, safe and cost-effective international transfers, the platform simplifies financial transactions and helps Ukrainian businesses to focus on their main task – development and growth. Multi-currency services allow you to effectively manage funds in different currencies, minimizing conversion losses and opening up new opportunities for international commerce.

Integration with key international platforms and marketplaces greatly facilitates the process of receiving payments and withdrawing funds, making global trade more accessible and convenient for Ukrainian entrepreneurs. In addition, the constant development of our services, including the expected expansion of functionality and geographic coverage in 2025, demonstrates the company’s commitment to remain at the forefront of financial technologies and meet the current needs of its users.

Choosing Payoneer, you will receive not only a payment instrument, but also a reliable partner who understands the specifics of international financial transactions and strives to support your success in the global market.

Banner: Open a Payoneer account for business and optimize your financial transactions

FAQ block: Frequently asked questions (FAQ)

What is it? Payoneer and how does it work?

Payoneer is a global payment platform that simplifies international money transfers for businesses, freelancers and individuals. The service provides an opportunity to receive and send funds in different currencies, to use multi-currency accounts and payment cards. We work by creating a network of financial partners around the world, which allows transactions to be carried out quickly and with lower fees compared to traditional bank transfers. Users access the platform through a website or mobile application where they can manage their accounts, make payments and withdraw funds.

Is it possible to use Payoneer in Ukraine?

So, Payoneer fully available in Ukraine. Ukrainian FOPs, legal entities, freelancers and IT companies actively use it to receive payments from clients abroad. The service supports bank transfers to accounts in Ukrainian banks, including PrivatBank, monobank, PUIB, and others.

How quickly funds arrive through Payoneer?

The speed with which funds are received depends on various factors, including the type of transaction and currency. Payments between accounts Payoneer are usually done fairly quickly, often within a few hours. Withdrawal of funds to bank accounts can take from one to several business days, depending on the receiving bank and its internal processes. Receiving payments from marketplaces and other platforms also varies, but we aim to minimize this time through direct integrations.

What currency accounts can be opened in Payoneer?

You can open accounts in various major currencies such as US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD) and others. This will allow you to receive payments in your customers’ local currency, avoiding conversion costs when receiving funds. Having multi-currency accounts is especially useful for businesses that work with customers from different countries.

What commissions in Payoneer?

Commissions depend on the type of transactions. Current tariffs as of 2025 include:

• Transfer between accounts Payoneer — free.
• Receiving funds from partner platforms (Fiverr, Amazon, etc.) — 0–1%.
• Withdrawal to a bank account in Ukraine — up to 2% from the interbank exchange rate.
• Cash withdrawal from the card — $3.15. 
• Annual maintenance (if less than $2000 turnover) — $29.95.

Detailed information on tariffs is available in the section Commission Payoneer.

How to get funds through Payoneer in Ukraine?

There are several ways to get funds:

• Withdrawal to a bank account: Users can withdraw funds from their account Payoneer directly to your bank account in hryvnia (UAH) or other available currency.
• Using the card Payoneer: With the card, the user can use it to withdraw cash from ATMs that accept Mastercard cards, or to make online and offline payments.

Is it possible to use Payoneer for working with marketplaces?

Yes, our platform is integrated with many international marketplaces such as Amazon, eBay, Etsy and others. The service provides convenient receipt of payments from buyers and subsequent withdrawal of funds to the user’s bank account. Direct integrations Payoneer with these platforms simplify the financial management process for sellers.

How to start using Payoneer for your business?

1. Go to the official site payoneer.with.
2. Select the type of account (individual/business).
3. Provide documents for confirmation – passport, TIN, bank statement.
4. Add platforms from which you will receive funds.
5. Set up a bank account for withdrawal.

Is it suitable? Payoneer for FOPs in Ukraine?

Yes, Ukrainian FOPs can use Payoneer absolutely legal. Income from foreign platforms is considered a foreign economic activity, so it is important to keep records and submit reports correctly. This option is suitable for IT services, consulting, design, product sales, etc.