How to do international money transfers with Payoneer?

The ability to do international money transfers is a key part of financial operations for both individual entrepreneurs and companies, as well as freelancers just starting to work in the global market. Traditional methods, particularly bank transfers via SWIFT or PayPal, are usually associated with high fees, delays, and numerous bureaucratic procedures, which complicate and slow international cooperation. Payoneer offers a modern, safe, and convenient alternative that allows you to make transfers in different currencies quite quickly and with minimal costs. In this article, we’ll take a look at exactly how to use Payoneer for international transfers: from step-by-step instructions to benefits, security aspects, and possible limitations.

What are international money transfers in a business context?

International money transfers are financial transactions in which individuals or legal entities transfer funds from one country to another for services or work performed. In a business context, international money transfers are especially relevant for companies working with foreign clients, partners, suppliers, or freelancers. For example, the need for international money transfers may arise in the following situations:

• when the Individual Entrepreneur sends payment to a contractor who provides services from abroad;
• when returning funds to the client in case of order cancellation or claim;
• during transfers between company accounts registered in different countries, for example, for budget distribution between branches.

It is extremely important that the international money transfers carried out are legally transparent and correspond to the currency and tax legislation of both the sender and the recipient countries. Transparency of transfers allows you to avoid sanctions, account blocking, and preserve the company’s reputation and current contracts. In addition, this approach to business strengthens the trust of banks and partners. Use of reliable payment systems and record-keeping of all international payments promotes stable and legal work in the global market. That is why rational management of international money transfers is critical for long-term business success.

Why should you choose? Payoneer for international transfers

Using Payoneer for international transfers enables small, medium, or large businesses to simplify and significantly accelerate international money transfers. The platform allows you to make money transfers abroad with minimal fees, it is convenient to manage several currencies at the same time, and you usually receive payments from foreign clients very promptly. Thanks to its reliability and global reach, international money transfers through Payoneer are efficient and secure for businesses of all sizes.

Key benefits of Payoneer for international money transfers

Advantage	Explanation for business
Fast transactions	Funds arrive in the account within 1-2 days
Low Commissions	Transparent system of commissions
Multi-currency accounts	You can receive payments in USD, EUR, GBP, and other currencies.
Mass payouts	It is convenient to pay several contractors at the same time
Integration with marketplaces	Connecting to Amazon, Shopify, eBay, Fiverr and more
Local details for accepting payments	Enables you to accept payments as a local business
Convenient interface	A simple online cabinet for managing finances
Security of operations	Protection of transactions according to international standards
Possibility of withdrawal to a local account	It’s easy to transfer funds from Payoneer to your local bank account
Support and Analytics	Customer support and reports for financial analysis

How to do an international money transfer with Payoneer — step by step

If you are an entrepreneur, freelancer, or company and you work with foreign clients or contractors, you need to know how to transfer money with Payoneer. If you already have an account, then you no longer need to search for ways to implement international money transfers safely and with minimal costs. Here’s a step-by-step guide on how to do an international money transfer:

Step 1: Sign in to your account

Go to the site or open the Payoneer app and log in using your credentials. Authorization is required to manage all functions, particularly international money transfers, and your data protection.

Step 2: Select “Payments” or “Send Payment”

Find the section responsible for sending payments in the main menu. In the Ukrainian version, this section is marked “Payments.” 

Step 3: Specify the recipient

Enter the recipient’s details: e-mail, country, currency and amount. Make sure that the information is accurate to avoid delays or even rejection of the transaction due to incorrect data.

Step 4: Check and confirm the payment

Please check all details again before confirming the transfer. You will immediately know the fee, the currency of the transfer, and the date of delivery of the funds.

Step 5: Get Confirmed

If the transfer is successfully completed, you will receive a confirmation email. This shows that the international money transfer has been processed and sent to the recipient.

What are the fees for international transfers through Payoneer?

When carrying out international money transfers through Payoneer, users have to consider different types of fees depending on the method of sending funds, currency, destination country, and withdrawal method. For example, fees may differ significantly if you send funds to another Payoneer user, to a bank account, or withdraw funds through an ATM.

Below is a table with current types of commissions international money transfers through Payoneer (as of 2025). 

Type of transfer/service	Commission / Terms
Transfer between Payoneer accounts	Free if both parties have Payoneer accounts
Withdrawal of funds to a bank account (in local currency)	0.5% from the total withdrawal amount
Withdrawal of funds to a bank account (in the same currency)	1.50 USD / EUR / GBP per transaction, depending on the currency
Withdrawal of funds to a bank account in Ukraine	Up to 3% + possible conversion fee
ATM withdrawal from the Payoneer card	Fixed fee: $3.15 / €2.50 / £1.95 per withdrawal + possible ATM fee + conversion
Payments from customers via Global Payment Service	Free when from trading platforms, but it can be up to 3% when directly from customers
Incoming SWIFT transfers	Up to $40, depending on the country and the sending bank. There is no commission for receiving payments, but intermediary banks may charge their own fees.
Payoneer card maintenance (annual fee)	29.95 USD per year
Currency conversion between balances	Up to 3.5% of the transfer amount
Receiving payment via Payment Request	Up to 3% if the customer pays by card (Visa/MasterCard)

The full list of commissions is available at this link Payoneer fees.

What are the restrictions and requirements for transfers?

Payoneer supports several restrictions for international money transfers; in particular, the minimum transfer amounts are only 1 USD, and the maximum limits depend on the type of account and the user’s region. For example, for business accounts, the limit is one transfer per individual entrepreneur currency account, which can be no more than 10,000 USD, and for private users, much less. Please note that document verification is mandatory for absolutely all users. Specifically, users must provide a passport or other official document, as well as proof of address, to use all features of the platform, including international money transfers. Also, the system automatically blocks transfers to countries under sanctions, such as Syria or North Korea.

For Ukrainian entrepreneurs, Payoneer is one of the most popular payment instruments for individual entrepreneurs; however, the requirements of currency control should be observed. All operations must match Order of the NBU No. 496 regarding currency transactions. For example, when transferring an amount of USD 5,000 or more, you will need to provide documents to confirm the legality of the transaction. It can be a contract or an invoice. It is also important to consider that commissions and limits may change depending on the direction and amount of the transfer. Check ahead of time for restrictions and requirements to ensure a smooth process for international money transfers through Payoneer without the risk of blocking funds or penalties.

Tips for safe use

For businesses and frequent freelancers who use Payoneer for international money transfers, it is very important to follow several security rules. These simple tips will not only help protect your funds but also help you avoid fraud and ensure your transactions run smoothly. Here are three tips to help you use the platform safely and stay in control of your transfers:

• Check the recipient’s details before transferring. However, carefully check the recipient’s information, especially email and bank details, to avoid erroneous or fraudulent transfers.
• Track transaction history and Payoneer messages. Monitor your transactions regularly to ensure the security of international money transfers and respond quickly to any suspicious activity.
• Protect your credentials. Create complex passwords, use two-factor authentication (2FA), and do not share the login and password with third parties to avoid unauthorized access to the account.
  

When international money transfers through Payoneer is the perfect option

Let’s consider specific examples of situations when international money transfers through Payoneer become the optimal choice for business. The following table shows in detail why Payoneer is the best option for your business model, in particular when working with international contractors, managing finances between branches, and accepting payments on popular marketplaces.