Can You Use Payoneer in Australia? - UK Guide

Is your business expanding internationally? If you need to send and receive global payments, you might be considering using a solution like Payoneer.

Payoneer is a financial services company based in the US, which offers multi-currency accounts, money transfer services and other payment services for businesses worldwide.

But does it work absolutely everywhere? In this guide, we’ll take a look at whether you can use Payoneer in Australia. This will be useful to know if your company is looking to trade with Australia, or perhaps even open a branch of the business Down Under in the future.

Remember though that Payoneer isn’t the only option for global businesses. Wise Business is a fantastic alternative, offering a full-feature account, cards, invoicing, bulk payments and secure transfer services to Australia and worldwide.

💡 Learn more about Wise Business

Can you use Payoneer in Australia?

Yes, you can use Payoneer to send money to Australia, even if your business is registered in the UK. Clients and customers there can also send you money to your UK-based Payoneer account.

You can even open an account balance in Australian dollars, and get local account details (BSB code and account number) so that you can get paid in AUD.¹

If you have a Payoneer business card, you can also use it for spending in Australia - it should work anywhere that Mastercard is accepted.² This could be handy for covering expenses or perhaps even buying supplies if you’re visiting Australia on a business trip.

The only snag is that Payoneer cards only support certain currencies - USD, EUR, GBP and CAD. This means you can’t pay directly in AUD, even if you have an AUD currency balance. It’s likely that a currency conversion will be involved.²

Is the Australian dollar supported by Payoneer?

Payoneer supports Australian dollars (AUD) for sending, receiving and holding a balance in your Payoneer account.

The only thing it doesn’t support is card payments in AUD. You can use your Payoneer card in Australia, but only to spend in a supported currency - USD, EUR, GBP or CAD.² This means a currency conversion will be required, and there may be a fee to pay.

Payoneer fees and cost in Australia

Before you use any payment provider or business account, you’ll need to take a close look at the pricing structure. So, how much does it cost to use Payoneer in Australia as a UK business?

Let’s run through the main fees for sending, receiving, converting and spending:³

Can you open an account with Payoneer in Australia?

Thinking of going beyond trading, and actually expanding your business operations to Australia? You’ll need to know whether you can open a local account there with Payoneer.

Unfortunately though, it isn’t currently possible to open a Payoneer sending account in Australia - even if you register a business there.⁴

This may change in the future though, so it could be worth keeping an eye on any expansion announcements from Payoneer.

Wise Business: an alternative to Payoneer in Australia

While you’re researching ways to manage business funds between the UK and Australia, make sure you check out Wise Business.

It’s a great alternative to Payoneer and simply tailor-made for global businesses, as well as freelancers working with clients based all over the world.

Open a Wise Business account and you can hold and exchange 40+ currencies at once, including AUD.

You can send fast, secure payments to 140+ countries including Australia, and get account details to get paid in 8+ currencies like a local. And of course, this includes AUD.

Use your Wise Business account to get paid in a selection of major foreign currencies by customers and clients, through marketplaces - and via payment service providers like Stripe.

Whenever you need to send, spend or exchange foreign currencies, you’ll benefit from the mid-market exchange rate, with low, transparent fees.

You’ll also benefit from all of these features with Wise Business:

• No ongoing fees, minimum balance requirements or foreign transaction fees
• Debit and expense cards for you and your team, which you can use in 150+ countries including Australia
• Multi-user access for team members, with ways to control and manage permissions
• Pay up to 1,000 people at once with the Wise batch payments feature
• Integrate with your favourite cloud accounting solutions, and use the Wise API for automation and streamlining workflow
• Use the Wise Interest feature to make your money work harder when you’re not using it.

With the help of a truly global account, your business can grow into Australia and beyond.

Wise Business vs Payoneer in Australia comparison

There are lots of different factors to consider when choosing the right global payments solution for your business.

To help you decide, here’s a quick comparison of what Wise Business and Payoneer each have to offer for UK businesses trading with Australia:

Get started with Wise Business 🚀

So can you use Payoneer in Australia? Absolutely, and after reading this you should have all the info you need about sending, receiving, spending and converting money with your Payoneer UK account.

Just remember to compare all available solutions before making a decision, as it’s crucial to get the right fit for your business

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Sources last checked on date: 19-Feb-2025