0$ in payoneer account, how to pay for yearly maintenance fee.

teop

Greetings community! I intend to start working as a freelancer and recieve cross border payments. I do not have yet a Payoneer account but have noticed that signing up is free but then is a couple of dollars every year. What happens if my account doesnt recieve money. How am I supposed to pay the fee in such occasion? Maybe its a silly question but just wanted to know. Thanks.

Adam_Payoneer

Excellent question. If you only use the only account without ordering or activating the card, you will not be charged any annual or maintenance fees. Also the overall fees for bank withdrawals are cheaper compared to ATM usage fees, meaning that the service will be more cost efficient for you in the long run.

As for monthly fees...

When you apply directly from Payoneer website, the only fee associated to the card maintenance wise is $29.95 annual (yearly) fee.
Anyone who pays a monthly fee for the service most likely created their Payoneer account through a company that has a working relationship with Payoneer. At times, some of the working agreements between the two companies may include special branded card and fees. The fees for the card in this case can be different than Payoneer's or other payout companies.

Two important mentions in regards to the fees:,

1. When applying for a Payoneer account directly from their website, the annual fee for the card service will always be a yearly fee of $29.95.
2. Registering your Payoneer account directly from a website that pays through Payoneer will incur either an annual fee or a monthly fee. There is not a single company that will have both fees apply on a single account.

Adam_Payoneer

Your answer is spot on Mark for anyone who has a Payoneer Prepaid MasterCard account. There are still many users who have this account type for being long time users, however in the past year Payoneer has made some changes to the accounts.

Today, most of the new applicants who apply through Payoneer receive the new Payoneer account that comes set up with three currency balances (USD, EUR and GBP). The default option for accessing any money you earn through this account type is by withdrawing it to your bank.
While this account type also gives you the option to order a card as a secondary part of the service, as long as you do not order this card, you will no be required to pay the annual $29.95 fee.

If you do order the card for that account, the fee will be charged 12 months after you receive your first payment rather than as soon as you have the $29.95 balance in your account.

Terbit_basuki

I have similiar questions,

At this time i used payoneer as my first transaction card, sometimes i used to withdraw into bank account and not using ATM.
I wonder if i registered for payoneer web only, and withdraw into bank account directly without using card, and not order for ATM card. Will i get charged for maintenance annual fees too?
And also i want to know, payoneer charge me "annual maintenance fees" $29,- for a year but my friend get charged monthly. Why there any different for user, is there any setting to change or it's automatic setting?