Hello community! can we use payoneer to hold usd

tariqmanxoor
tariqmanxoor Confirm Email, Member Posts: 2 ✭
in Ask The Community
I am a freelancer and considering the economic conditions of my country the exchange rate fluctuates quite frequently and our currency has been declining for a long time, so I want to hold USD and withdraw as per my needs
does Payoneer charge any fee for holding money?
is Payoneer a good option for this purpose?

Answers

  • Aron_Payoneer
    Aron_Payoneer Administrator Posts: 251 ✭✭✭✭✭✭

    Hey @tariqmanxoor!

    I understand that you want to keep your funds in your Payoneer account and would like to know if this is a good idea.

    There is no fees for holding your funds in Payoneer but you should take in consideration that if you have funds in your balance and you don't have any activity in your account after 12 months, an annual maintenance fee of 29.95 USD will be charged.

    If your account is active, you’ll never pay this fee!

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