Payoneer is a payment platform, not a bank. Its receiving accounts give your company local bank details in currencies like USD, EUR and GBP, so clients can pay you by bank transfer. Here's what an application asks for, what Payoneer charges, and where we can help you prepare.
Want the full picture from Payoneer itself? See its receiving accounts page.
Receiving accountIllustrative layout. Your real details appear in your Payoneer account.
Payoneer describes it as a set of bank account details in a specific country and currency. You share them with clients, and their bank transfers arrive in your Payoneer balance.
Each receiving account comes with an account number, a beneficiary name and other bank details. Your client pays them the way they'd pay any local supplier.
Payoneer lists local receiving details in USD, EUR, GBP, JPY, AUD, CAD, SGD, HKD, AED, MXN, BRL, KRW and IDR, plus more currencies by SWIFT wire. Which ones you get depends on your eligibility.
Payoneer's rule: "Only payments for business transactions from business accounts are supported." Transfers from personal accounts, or from an account in your own name, are declined.
Before approving a receiving account, Payoneer can ask for identity documents, a questionnaire, bank account verification and details of your company's owners. It says approval takes from several minutes to up to 3 business days.
Source: Payoneer receiving accounts and Receiving accounts FAQ, checked September 2026. Availability depends on Payoneer's review of your business and location.
From Payoneer's document verification FAQ for registered companies. The exact list can vary by country and by what Payoneer asks for during review.
Source: Payoneer, Document verification FAQ, checked September 2026. Our documents support an application; Payoneer decides whether it accepts them.
Copied from Payoneer's pricing page, not estimated by us. Payoneer notes that fees depend on sender and recipient locations, payment method and currencies, so check the live page for your case before you apply.
From another Payoneer customer, or into a receiving account in your local currency.
Payoneer's page also lists card, sending and currency conversion fees. If we can't confirm a fee there, we don't list it here.
Published feesChecked September 2026Payoneer pricing
Your company is American, but Payoneer also looks at you: where you live, your ID and your business. We don't keep our own country list, because only Payoneer's is accurate.
Payoneer lists being "from a restricted country" as one reason it blocks or closes accounts. It doesn't publish that list in one place, so check at sign-up or with Payoneer before you rely on it.
Payoneer publishes country guides on banking, cross-border payments and withdrawals for several markets. Start there if yours is covered.
Products, currencies and documents can differ by country. Payoneer's help center is the authority on what's open to you.
We can't apply for you or approve anything. We help you get the company documents Payoneer asks for, and make sure they match.
An LLC or C-Corp, filed online without an SSN. Your formation documents are the certificate Payoneer asks for. Company formation
The IRS issues it free; we prepare and submit the application if you'd like help. EIN support
Our proof-of-address service gives your company a US street address backed by a commercial lease and utility bill. Proof of address
Make sure every name and address matches your documents, then apply. Payoneer reviews it and makes the decision. If a bank has already said no, read why banks say no.
Payoneer lists mismatching details as a reason it blocks accounts. Everything on your application should read the same as your documents.
Comparing options? See all banking guides or what Stripe asks for.
Short answers on eligibility, fees and our affiliate relationship.
No. Payoneer is a payment platform. Its receiving accounts give you bank details in several currencies so clients can pay you by bank transfer, and the money lands in your Payoneer balance.
It can, but only Payoneer decides. Payoneer looks at the company's documents and at you: your ID, your country of residence and your business. It lists being from a restricted country as one reason it blocks or closes accounts, so check eligibility with Payoneer first.
Registate is a Payoneer Affiliate Partner and may earn a commission if you open an account through us. That doesn't change Payoneer's review: Payoneer decides every application on its own criteria.
No. Only Payoneer approves or declines. We help you prepare the company documents Payoneer usually asks for, such as your formation documents, EIN letter and a proof of address, and check that the details match.
Payoneer publishes its fees on its pricing page. Receiving from another Payoneer customer or into a receiving account in your local currency is free; a receiving account in a non-local currency is 1% (minimum 1.00 USD or equivalent). Fees depend on locations, payment method and currencies, so check the live page.
No. Payoneer says only payments for business transactions from business accounts are supported. Payments from personal bank accounts, or from an account in your own name, are declined.
Payoneer decides every application. Registate is a Payoneer Affiliate Partner and may earn a commission.
