Payoneer

Payoneer Business Account is a global payment solution enabling businesses to send and receive payments in multiple currencies across 200 countries. It offers competitive fees, multi-currency support, ease of use, and robust security features, making it an ideal choice for international businesses and freelancers.

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How to apply

• Income requirements: n/a
• Apply online here
• Application document requirement: you will be asked to submit certain personal and company identification documents. Besides, you will need to provide some additional information that covers your company details and the scope of your business.
• Eg: A copy of your business registration certificate (if applicable)
• A copy of your bank statement (if applicable)

Key Benefits and Features

• Support payments in 190+ countries and handle 70 currencies
• Multi-currency accounts that allow for easy invoicing and payments in multiple currencies
• Integrated with 2,000 marketplaces, networks, and platforms like Wish, eBay, Airbnb, Fiverr, Upwork, and more
• Mass payout options, which is beneficial for businesses working with multiple international suppliers or remote teams
• Offers a capital advance service, allowing businesses to access funds based on their Amazon or Walmart marketplace sales

Fees

• Minimum Deposit Requirement: $0
• Opening fee: free in most countries
• Monthly fee: $0 — but there is a fee of $29.95 for every 12 months of inactivity
• Incoming payments/transfers: $0 - 3%
• Outgoing payments/transfers: $0 - 3%

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Sources: Monito, Creative