The short answer
Payoneer's annual fee is 29.95 USD, and it only applies if your account receives less than 6,000 USD in 12 months. Withdrawing to a bank costs 1.2% to 4%, except on a same-country route in local currency, where the page lists 1.50 USD. Kenya is on that list. Receiving is free in your local currency, and 1% with a minimum of 1 USD in another currency.
These figures come from Payoneer's general price page, last updated on 1 January 2026. The page says they're "our most standard and common fee structure", and that prices vary by region and account. So treat this as a guide and open Fees inside your own account. We don't work with Payoneer and we aren't ranking it above anyone.
The fees you're most likely to meet
| Action | Published fee |
|---|---|
| Receive from another Payoneer balance | Free |
| Receiving account in your local currency | Free |
| Receiving account in a currency that isn't your local one | 1%, minimum 1.00 USD or equivalent |
| From a payer using a credit card | Up to 3.99% + 0.49 USD |
| From an EU or UK bank account | 1% |
| By ACH | 1% |
| Withdraw to a bank in your own country, in local currency, in the countries it lists (Kenya is the only one on the African mainland) | 1.50 USD |
| Withdraw to a bank in other cases, with or without currency conversion | 1.2% to 4% |
| Annual account fee | 29.95 USD, in the case below |
| Annual card fee | 29.95 USD |
| Card, cash withdrawal | 3.15 USD plus up to 1.8% same currency, plus up to 3.5% with conversion |
Two lines are easy to miss. On withdrawals, Payoneer says: "In some countries, a minimum fee of up to 20.00 USD or equivalent may apply." And on opening an account: "In certain countries, a registration fee may apply."
The annual fee, and who pays it
The wording is: "Only applies if account receives less than 6,000.00 USD or equivalent in any 12 consecutive months." That's an average of 500 USD a month. If you're paid 1,000 USD a month, you're above it. If you only do small jobs, or you opened an account and then didn't use it, 29.95 USD can come off.
So someone earning 300 USD a month gets 3,600 USD a year and is under the line. The fee then costs them about 0.83% of their income, on top of the other fees. Keep that in mind when you compare it with other routes.
A worked sum on 1,000 USD
Say a client pays you 1,000 USD into a receiving account in a currency that isn't your local one, and you withdraw to your bank at 2%, which is inside Payoneer's published range.
- 1% in: 1,000 becomes 990.
- 2% out: 990 becomes 970.20.
So 970.20 USD worth reaches your bank, and the cost is 29.80 USD or 2.98%. That's before you count the rate, if the money changes currency on the way, and before tax. At the top of the range, 4% out, the same payment leaves 950.40 USD. That's why it's worth finding out your real figure. If you're in Kenya, also look at the 1.50 USD row. Whether your withdrawal counts depends on the currency you hold, so start one and read the fee before you confirm.
Payoneer's FAQ says the exact fee "is always displayed before you confirm". So you can see your rate by starting a withdrawal and stopping before you confirm it.
How to compare it
Open our payment fee comparison. Type the percentages you see in your Payoneer account in one route, then a bank transfer or another service in the next. You'll see what reaches you on each. The tool doesn't pick a winner, because the result depends on your country and account.
To see what that means in your own money, use the USD salary calculator.
What we can't tell you
People ask three things that this page doesn't answer, and we'd rather say so than guess.
- Who can open an account? Payoneer's pricing page lists no countries, and we didn't open an official list. Check this on Payoneer's own site before you plan around it.
- Can you move money to M-PESA? We didn't confirm any route from Payoneer to M-PESA, so we make no claim. For PayPal, read PayPal to M-PESA in Kenya.
- Is there a sign up bonus? We've seen people searching for one. The page we read doesn't promise any, so we don't either. Be careful with anyone who promises you money for signing up through their link.
Tax, and where to go next
Money in a Payoneer balance is still income. Keep your statements, and read the tax guide for your country. If you bill clients, our invoice maker is free, and our invoicing guide tells you what to put on the invoice.
See getting paid from abroad for all the routes side by side, and browse remote roles. Ask how a new employer pays before you sign, because some only pay one way. Applying is free, and nobody should pay for a job, including a fee to open a payment account for a job.