How To Make International Money Transfers With Payoneer?

Introduction

In today’s business environment, payment speed and security are critical. Ukrainian entrepreneurs, freelancers, and companies are increasingly investigating how to make payments directly, without unnecessary fees and delays. That’s why money transfer with Payoneer has become one of the most popular tools for international payments.

Unlike traditional banking services, where processes are often complicated by bureaucracy, high tariffs, and restrictions on international transactions, Payoneer offers a more flexible model. The service allows you to open multi-currency accounts, use physical and Payoneer virtual cards, and transfer funds between accounts. This makes it especially relevant for Ukrainian businesses that actively work with clients from abroad.

Today, Payoneer is not only an alternative to bank transfers but also a powerful tool for those who want to transfer money quickly from card to card, pay subscriptions to international services, or receive payment for freelance projects. Its ease of use, clear commission system, and high level of protection make it attractive to both small businesses and private users.

In this article, we will examine how to transfer money from a Payoneer card, the commissions applicable, the restrictions for Payoneer cards in Ukraine, and the alternatives available for online money transfer between cards.

Is transferring money from card to card via Payoneer possible?

Unlike classic banking services, where card-to-card is the standard, online money transfer between Payoneer cards is organized differently. In banking applications, we are used to entering the recipient’s card number and instantly sending funds. In the case of Payoneer, direct money transfer from card to card in the traditional sense (with the input of only the card number) is not available. Instead, Payoneer offers its own infrastructure, which actually replaces card-to-card and has a number of advantages:

• Internal transfers between Payoneer accounts. If both parties use the Payoneer platform, funds are transferred instantly and without fees. This is the most convenient option for freelancers and business partners who work in different countries.
  
• Withdrawal of funds to bank accounts and cards. You can do a money transfer with Payoneer to a linked account in Ukraine or abroad, and then receive it on a bank card.
  
• Direct payment for goods and services. Instead of transferring money from card to card, a Payoneer virtual card or a physical Mastercard Payoneer can be used for payment in online stores or through POS terminals.
  

Thus, Payoneer actually provides more flexibility than traditional banks. You do not just transfer money from card to card; you have a whole set of tools, from almost instantaneous internal transactions to global SWIFT payments.

The advantage is precisely the absence of additional commissions for domestic Payoneer money transfers → Payoneer. This makes the platform a good alternative to bank card-to-card transfers, especially in international payments.

Step-by-step instructions: how to transfer money from a Payoneer card

A few simple steps are enough to make a transfer from Payoneer cards in Ukraine. However, each step has its nuances, which should be known in advance.

• Log in to your Payoneer account.
  This can be done through the web version or the mobile application. To avoid fraud risks, use only official login channels.
  
• Select the “Payments” or “Send” section.
  This menu displays all available options: internal transfers, sending to a bank account, or SWIFT payments.
  
• Specify the recipient.
  
  • If this is another Payoneer user, enter their email associated with the account.
    
  • If you need to transfer money to a bank account, you must enter the IBAN details, SWIFT code, and other data.
    This makes the system more flexible than usual, allowing for card transfer.
    
• Enter the transaction amount and currency.
  Money transfers from Payoneer support multiple currencies, so you can choose USD, EUR, GBP, or other currencies. To avoid double conversion, it is worth sending funds in the currency in which they will be spent.
  
• Check the fee and confirm the transfer.
  The platform automatically displays the fee before sending. For internal transactions, it is 0%, and for transfers to bank accounts, it is a fixed amount or percentage.
  
• Wait for the funds to be credited.
  
  • When transferring money from Payoneer to Payoneer, money comes almost instantly.
    
  • For bank cards, it is usually within 1-3 working days.
    
  • SWIFT payments can take up to 5 days.

If you often transfer money to a bank card, it’s worth linking several accounts in different currencies in advance. This will help avoid unnecessary fees and speed up payment processing.

So, transferring money from card to card through Payoneer is possible, but this mechanism is implemented through an account and an internal transfer system.

What commissions are charged for money transfers with Payoneer?

Every user who plans to transfer money from card to card or make an international payment is interested in the amount of commissions. Payoneer is distinguished by a transparent tariff system, which makes it attractive for Ukrainian entrepreneurs and private users. Fees when using the Payoneer platform depend on the type of transaction, currency, and direction of the transfer, so to avoid unnecessary costs, you should familiarize yourself with the details in advance.

Basic Fees and Terms

The size of the fees depends on how you send or withdraw funds: to another Payoneer account, a bank card in Ukraine, or an international account. Below is a summarized table with the most common transaction options. It will help you quickly navigate the commissions and choose the best way to transfer money with Payoneer.

Transfer Type	Commission	Enrolment Time	Additional Conditions
Internal Transfer Payoneer > Payoneer	0%	Instantly	Funds arrive without delay; suitable for business partners and freelancers
Transfer to a bank card in Ukraine	$1.5-$3 or 2% of the amount	1-3 working days	You can choose hryvnia or currency; rate depends on Payoneer
SWIFT transfer to an international account	$15	2-5 working days	Recommended for large sums; you need to enter the details correctly
Using Payoneer virtual card for online payment	0%	Instantly	A commission may be charged by the seller, depending on the platform
Withdrawal of cash through an ATM	$3.15 + possible ATM fee	Instantly	It is better to withdraw larger amounts to avoid unnecessary expenses

What you should know about commissions

Understanding the structure of commissions helps to correctly plan expenses and choose the most optimal method of money transfer with Payoneer. This is especially important for those who often make international transactions, receive money transfers from abroad, or work with large sums. 

Here are some key tips to keep in mind to avoid overspending and use Payoneer effectively.

• A more optimal solution is internal online money transfers between Payoneer cards because they are free and almost instant.
  
• Money transfers from abroad to bank accounts in Ukraine have a small commission, but are more profitable than SWIFT for small amounts.
  
• SWIFT payments are only suitable for large transactions due to fixed high fees.
  
• Using a Payoneer virtual card is convenient for payments in dollars and euros, but additional fees on the trading platform’s side should be considered.
  
• When withdrawing cash through ATMs, you should pay attention to both the Payoneer commission and the bank’s commission.

This flexibility makes Payoneer one of the most optimal tools for online money transfer between cards.

Limitations and nuances

Although Payoneer offers convenient tools for online money transfer between cards, users should consider certain technical and organizational limitations. These limitations can affect the availability of features, speed of transactions, and final costs. Before transferring money to a bank card or using other features of Payoneer, let’s look at the main limitations and how to avoid them.

Main limitations

There are specific rules that should be taken into account when using the Payoneer service. Below are the key restrictions that Ukrainian entrepreneurs and private users most often face.

• Account verification. Without proof of identity and documents, the user cannot make international transfers.
  
• Commissions of the receiving bank. Some banks may charge additional fees, especially for SWIFT payments.
  
• Limited card support. Not all types of cards are suitable for withdrawing funds. For example, the platform may not support corporate or third-party virtual credit cards that are not associated with a Payoneer account.
  
• Accuracy of details. SWIFT transfers require correct data entry; otherwise, the payment may be rejected.
  
• Transaction limits. Their size depends on the account status and user verification level.

How to avoid limitations

Most of the difficulties with money transfers with Payoneer can be predicted and minimized by following simple rules:

• Get through early full account verification to have access to all features.
  
• Use several linked bank accounts for convenience in different currencies — this will help avoid double conversion.
  
• Before making large payments, check your bank’s rates to avoid unexpected fees.
  
• Use the Payoneer virtual card, created in your account: it is excellent for online payments and international settlements.
  
• To correctly plan money transfers with Payoneer, familiarize yourself with your account’s current limits and conditions.

Alternatives for online money transfer between cards

Although Payoneer offers a wide range of features, sometimes users find it more convenient or profitable to use other services. For example, if the recipient does not have a Payoneer account, or if you need to make a money transfer to a country where this service is restricted. In such cases, it is worth comparing Payoneer with other popular solutions.

Comparison of alternative services

Service	Advantages	Disadvantages
Online money transfer between cards	Simplicity and familiarity for users	High commissions, difficulty with international payments
Western Union/MoneyGram	Global network, opportunity to get cash	High tariffs, log waiting time, inconvenient for business
PayPal	Popularity in the world, integration with online services	Limited opportunities for Ukraine, high commissions
Payoneer	Low fees, speed, support money transfer from card to card	Account verification is required

If speed, transparent fees, and the convenience of international transactions are important to you, Payoneer usually wins over most competitors. However, in cases where the recipient cannot use a Payoneer account, bank transfers or global systems such as Western Union remain practical solutions.

Summary

Transferring money with Payoneer is not only a quick way to receive or send funds but also a real opportunity for Ukrainian businesses to integrate into the global financial system. The service allows you to transfer money from a Payoneer card to other accounts, bank accounts, or cards with minimal expenditure of time and money.

For entrepreneurs and freelancers, this means:

• Less dependence on traditional banking services;
  
• Transparent and predictable commissions;
  
• A wide selection of tools — from instant internal transfers to SWIFT transactions;
  
• Ease of use Payoneer virtual card for online payments.

Thus, Payoneer acts not just as a payment service but as a comprehensive solution that helps to conduct business internationally. It combines the simplicity of banking operations with the flexibility and scale of global financial platforms.

---

FAQ

Can I use a Payoneer virtual card to receive or withdraw funds?
The Payoneer virtual card is suitable for online payments and international settlements. To withdraw money to bank accounts or cards, the Payoneer account balance is used, not the card itself. 

Can I transfer money from a Payoneer card directly to a bank card?
Yes, it is possible. The money is transferred from the Payoneer account to the linked bank account and then becomes available on the card. 

How much does it cost to transfer money with Payoneer?
The fee depends on the type of transaction: internal Payoneer → Payoneer transfers are free; withdrawal to bank cards in Ukraine — $1.5–$3 or a percentage of the amount; SWIFT payments — $15.
Thanks to transparent tariffs, users can plan expenses in advance.

How long does it take to transfer money to a bank card?
Usually, it takes 1-3 business days. For SWIFT payments, it can take up to 5 days, depending on the receiving bank. If funds are sent to another Payoneer user, the transaction is almost instantaneous.

Can I transfer money from my card to the card of another person?
Yes, but only if the recipient has a Payoneer account. If he does not, he will have to transfer to a bank account. 

What is the minimum amount for a money transfer with Payoneer?
Payoneer has internal limits. The minimum amount is usually $50, but exact values ​​may vary by currency, account type, and country. It is better to check the current data in your account.