Provider profile
Payoneer
Raqma's read on Payoneer
Raqma's read on Summarised from catalogue fields — not a paid placement.
- Products tracked
- 1 across 1 category (Multi-currency & FX)
- Licence status
- No UAE licence on record — verify directly
- Public rating
- RatingFacts: 3.6/5 · 140 reviews — snapshot 2026-10-23 (source)
- Lowest monthly fee
- AED 0 — Payoneer Business Account
- Fastest stated approval
- 1–3 days — Payoneer Business Account
- Free-zone acceptance
- 1 of 1 products accept free-zone licences
- Remote onboarding
- 1 of 1 products onboard without a branch visit
- Last reviewed
In short: Payoneer has a focused offer in the UAE multi-currency & fx space, with published fees from AED 0/mo and stated approvals from 1–3 days. Payoneer operates as a regulated entity via licensed partners — not a direct licence holder.
Is Payoneer right for you?
Fit read from catalogue fields — not a recommendation, confirm terms with the provider.
- UAE SMEs
- Partial fit 1 product tracked across 1 category
- E-commerce merchants
- Limited No payment-gateway products tracked
- Free-zone companies
- Strong fit 1 of 1 products accept free-zone licences
- Import-export businesses
- Strong fit 1 cross-border product
- Startups needing corporate banking
- Strong fit approvals from 1–3 days · 1 of 1 onboard remotely
Strengths and watch-outs
Aggregated across the tracked Payoneer catalogue — exact terms are on each product page.
Where Payoneer stands out
- No monthly fee
- No minimum balance
- Stated approval from 1 day
- Accepts free-zone licences
Watch-outs
- You need broad FX coverage — only ~4 currencies supported.
Licensing
- Partner-regulated — EMI-licensed in the EU/US; serves UAE companies via global entities
Verified answers
What are Payoneer’s receiving fees?
Receiving via a local-currency receiving account is free; receiving in a non-local currency, from a credit card (up to 3.99% + USD 0.49) or from an EU/UK/US bank account or ACH (1%) carries the fees listed on Payoneer’s pricing page. Payments between Payoneer customers are free.
Source: payoneer.com · verified
What do Payoneer withdrawals and cards cost?
Withdrawals to a bank account cost up to USD 4.00 when the recipient is in the same country, or 1.2%–4% with currency conversion. The card has an annual fee of USD 29.95, free standard delivery, and ATM withdrawals cost USD 3.15 (EUR 2.50 / GBP 1.95 / CAD 3.15 / JPY 470 equivalent) plus up to 1.8% / 3.5% depending on currency conversion.
Source: payoneer.com · verified
Facts & sources
Every fact we publish links back to the page it was verified on. Product-level terms (fees, limits, eligibility) are on each product page.
- Payoneer Business Account — verified
- payoneer.com
Payoneer products
Frequently asked questions
Is Payoneer licensed in the UAE?
We could not verify a UAE licence for Payoneer in our catalogue. Check the provider’s regulatory status directly before applying.
What Payoneer products can I compare here?
We track 1 Payoneer product: Payoneer Business Account. Each entry shows the published fees, requirements and approval details.
How do I apply for Payoneer?
Raqma is a comparison service — we do not process applications. Review the products on this page, then continue to Payoneer’s own onboarding through the outbound links.