Payoneer is one of the main tools for international settlements for freelancers, marketplaces, and small businesses. If PayPal is a consumer wallet and Wise is for transfers between individuals, Payoneer is purpose-built for professional payouts: freelance platforms, affiliate networks, and advertising platforms.

How Payoneer Works

The concept is simple: you get virtual bank accounts in the US, Europe, UK, Japan, and other countries. Your clients and platforms pay into these accounts via local transfers — fast and without SWIFT. You withdraw money to your real bank account or spend it via the Payoneer card.