What is Payoneer?

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What is Payoneer?

Please take note that this service is not available for Malaysian merchants, however this will be a brief of what is Payoneer:

Just like Paypal and International Money Transfer, Payoneer is a financial services business that provides online money transfer and e-commerce payment services. Payoneer is a registered Member Service Provider (MSP) of MasterCard worldwide.

Services:

  • Cross border wire transfers
  • Online payments
  • Debit card service for businesses and working professionals

Payoneer account holders have the option to receive funds into their local bank account or e-wallet, or via a re-loadable prepaid debit card. This is issued through MasterCard and can be used at ATMs or at the point-of-purchase.

How much is the Payoneer fee?

Payoneer charges standard 2% withdrawal fee from your account each time.

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