Free Payoneer account for business

About Payoneer

The American payment system Payoneer, which emerged in the financial market in 2005, currently serves over 4 million clients worldwide, and this number is growing every day. Payoneer partners with various marketplaces, exchanges, and checkout solutions such as Upwork, Freelancer.com, Stripe, 2Checkout, 99designs, Fiverr, Amazon, Airbnb, Google, and others for processing mass payouts.

The activities of the payment system are licensed in accordance with global standards, ensuring the protection of your funds and preventing money laundering. The system consistently works on payment security and offers a wide range of services that allow users not only to perform financial transactions promptly but also to benefit from collaborating with this system.

Let's delve into more detail about this.

Photo 1 - Free Payoneer account for business


If you follow the provided instructions for registering a Payoneer bank account, as promised, a pleasant bonus awaits you. Upon reaching a turnover of $25,000 within 6 months from the registration date, a bonus of $250 will be credited. Additionally, if your turnover exceeds $25,000 or EUR per month, an individual manager will be assigned to you, who will assist, if necessary, with all operations within the system.

Furthermore, if you plan to have a turnover exceeding $20,000 or EUR per month, inform us, and we will provide your details to personal managers at Payoneer. After this, the managers will get in touch and provide you with detailed guidance on working with the payment system and assist with account opening if you have any questions!


Opening an account in the Payoneer payment system is quite simple and can be done independently by following our instructions.

  • To start, you need to go to the registration page on the Payoneer website:  LINK for companies with their own corporate bank account, regardless of the country of registration;  LINK for companies that do not have a corporate bank account, regardless of the country of registration.
  • In the form automatically provided by the website through the link, you need to fill in your basic information and select the type of business: company or individual, as Payoneer serves both legal entities and individuals.
  • Next, the system will request general information about you and your company (if the account is being opened for a company).
  • After filling in the necessary data, the "Security Details" window will appear. In this window, the payment system will want to verify the authenticity of your existence and will request a confirming identity document: a passport, proof of address, or registration documents of the company (if the account is being opened for a company). The provided documents will be considered bank secrets and, accordingly, confidential.
  • To complete the registration of your Payoneer account, the system will ask you to link your local bank account (if it's Ukraine, cards from PrivatBank, Monobank, or others will be suitable). After this, you will need to enter the account name in Latin characters, and the registration will be successful. For legal entities, you can specify either the company's bank account or a private account of one of the beneficiaries in any country.
  • After completing this procedure, access to the Payoneer account will be provided. Additional information about the planned activities may be required, and necessary documents will need to be uploaded to pass the compliance of the payment system. Specifically, for legal entities, additional documents such as the company's constitutional documents, documents confirming the company's address, passports, and documents confirming the addresses of shareholders, beneficiaries, and executives will be needed.
  • After passing the compliance process, the account will be activated, and you can use it fully.
Photo 2 - Free Payoneer account for business


There are two classical ways to withdraw funds from the account:

  • Transfer money to an individual's or company's bank account.
  • If you have a Payoneer card, you can withdraw cash from an ATM.


In addition to this, the payment system provides the option for businesses to transfer funds from their Payoneer account to their employees, counterparts, and subcontractors' accounts in any other banks or to accounts within Payoneer.


How to use the Payoneer system? Unlike many other payment systems, Payoneer provides users with direct credentials, so all funds are credited directly to the personal account. This means that all payments go directly to you, rather than to a transit account of the payment system.

To receive payments to your account in the payment system, there are several options for providing credentials:

- For receiving incoming bank transfers, virtual credentials of bank accounts opened in American, European, and other banks are provided. Payments using such credentials can be made through internal bank transfers of your country (ACH in the USA, SEPA in Europe, etc.). These credentials are unique and permanent, and they can be used to make payments through interbank systems with minimal fees (for example, about 1 EUR for SEPA). In this case, counterparts will only see the specified credentials of a local bank account, not the payment system's.

- For receiving transfers from outside the US/Europe/UK, dollar wire credentials are provided (upon request and agreement with the Payoneer account manager).

- For receiving mass payouts from exchanges and marketplaces such as Upwork, Amazon, Shutterstock, Airbnb, 99designs, and many others, these transfers are carried out directly to the account based on a partnership agreement with Payoneer.


Another significant factor in using the services of the payment system is its fee structure. It's worth noting that Payoneer has developed an attractive pricing model for using its system, which competes with many other payment systems and even banks.

Payoneer has the following fee structure:

  • Account opening for individuals and legal entities - $0.
  • Monthly account maintenance for individuals and legal entities - $0.
  • Receiving/sending payments between Payoneer users - $0.


Incoming payments:

- Crediting to all accounts except dollars - $0;

- Crediting in dollars (transfers to account or eCheck) - 1%. For significant turnover, this fee may be reviewed.

- Crediting a transfer from a card - 3% of the amount.

Outgoing payments:

- To a corporate bank account, beneficiary of counterparties - up to 2% (the percentage can be reduced for companies with high turnovers);

- Transfers to a card or cash withdrawal from a card - 3%.

For general information about account opening and payment system tariffs for transfers and other services, you can refer to the link.

Creating an account in the Payoneer payment system will allow you to receive payments in different currencies, make mass payouts, manage funds, and make payments on favorable terms. Millions of service providers, freelancers, online sellers, digital content creators, online marketers, and vacation property owners use accounts in this payment system.

Payoneer makes business easier and ensures reliable financial security. Our guide will help you register in Payoneer and benefit from collaborating with the payment system.


Registration in Payoneer for companies with a corporate bank account.


Registration in Payoneer for companies without a corporate bank account.

Discuss your project
Leave your question and we will call you back
How useful post?
Click on a star to rate!
Average rating 4.51/5. Number of ratings: 23
Company in England
from 950€
Account in Georgia
Company in Cyprus
from 2500€
Account in Austria
from 1200€
Company in Hong Kong
from 2500$
Feedback form
Leave your question and we will call you back