The short answer
PAYONEER INC represents an annual account maintenance fee, withdrawal fee, or cross-border payment processed through Payoneer, a global financial platform used by freelancers, digital creators, and e-commerce sellers on platforms like Upwork, Fiverr, Airbnb, and Amazon.
Inside Payoneer's international payout rail
Payoneer Global Inc. is a financial services company specializing in cross-border payment orchestration and multi-currency business accounts. Millions of independent contractors, digital service providers, and cross-border marketplace sellers use Payoneer to receive foreign currency payouts from global platforms.
A primary cause of billing confusion is Payoneer's Annual Account Fee of $29.95. If you keep a Payoneer account open for twelve consecutive months without executing at least one transaction on your account or Payoneer card, Payoneer automatically debits this $29.95 fee from your available balance or linked payment method.
Other standard Payoneer debits include bank withdrawal transfer fees (typically up to 2% over mid-market exchange rates), commercial payment request transactions between businesses, and card replacement charges.
Why the line item appears
- An annual $29.95 inactivity or account maintenance fee billed on an old freelance payout profile.
- A cross-border currency conversion fee deducted when transferring funds to a local bank.
- A payment request invoice you paid to an international freelancer or software vendor.
- A Payoneer prepaid commercial Mastercard annual renewal charge.
Reviewing your Payoneer account
- Log into your Payoneer Account Center Visit payoneer.com and sign in with your email to inspect your Transactions tab for itemized fees and currency conversions.
- Review connected marketplaces Check your Funding Sources under Account Settings to see which platforms (Upwork, Fiverr, eBay) route funds through Payoneer.
- Close dormant accounts to stop annual fees Withdraw any remaining balances and submit an account closure request through customer support to prevent recurring $29.95 fees.
Frequently asked questions
Why was I charged $29.95 by Payoneer?
Payoneer charges a $29.95 annual fee if your account remains open for 12 months with zero transaction activity. Keeping the account active or closing it avoids this charge.
How do I avoid Payoneer currency conversion fees?
Keep your funds in the original received currency (such as USD, EUR, or GBP) and use a Payoneer commercial card directly for spending rather than converting to local bank accounts.
Independent reference — not affiliated with Payoneer Global Inc.. Billing names and policies change; verify with the merchant or your bank before acting.
Verified sources
Every claim on this page is checked against official sources — open them to confirm before you call your bank.
- Payoneer - Global Fees and Pricing Disclosures https://www.payoneer.com/about/fees/
- Payoneer Terms and Conditions for Account Holders https://www.payoneer.com/legal-agreements/
Reviewed Sep 26, 2026 · high · About UnknownCharges