Business Bank accounts

Payoneer fees in the Philippines: Rates, cards, and costs

Karthik Rajakumar

28.09.26

Read time 4 minutes

Getting paid by an overseas client is the easy part. The hard part is how much of that payment lands in your Philippine bank account.

Payoneer’s costs come from several places. Receiving the payment, withdrawing it, converting currency, and using the card. What people often miss is the exchange rate, because it may not appear as a separate charge anywhere on your statement.

Table of Contents
What is Payoneer? Key features offered Pricing Fees Wise Business: Alternative solution to manage global finances

What is Payoneer, and how does it work?

Payoneer is a cross-border payments platform. Freelancers, online sellers, small businesses, and companies use it to get paid from overseas without asking every client to send an international wire.

Here’s how it works: You get account details in currencies like USD or EUR. Then, your client pays into those details as if you were local to them. The money shows up as a Payoneer balance. From there, you can send it to your Philippine account in pesos, spend it on a Payoneer card, or send it to another Payoneer user.

A VA in Cebu invoicing a US client, or an SME buying stock from three suppliers overseas, both skip the international transfer at the client’s end. The costs shift onto Payoneer’s fee list instead. Whether that ends up cheaper depends on which fees you trigger.

Key features offered by Payoneer

Multi-currency account details: A US client pays USD at home, and you collect it in Manila.
Marketplace payouts: Amazon, Upwork, Fiverr, and similar sites pay straight into your balance.
Payoneer-to-Payoneer transfers: Free to send, as long as both accounts are in the same country.²
Card payments from clients: A billing tool that lets your clients pay invoices by credit card, at up to 3.99% plus 0.49 USD.²
Payoneer card: Spend your balance directly without moving it to a bank first.

A brief overview of Payoneer’s pricing

Every figure in this table comes from Payoneer’s published pricing page.²

Feature	Freelancers and individuals	E-commerce sellers and Marketplaces	Business and Enterprises
Monthly subscription	None	None	None
Receiving in the same currency	Free	Free	Free
Receiving in a different currency	1%, min. 1 USD	1%, min. 1 USD	1%, min. 1 USD
Client pays your invoice by credit card	Up to 3.99% + 0.49 USD	Up to 3.99% + 0.49 USD	Up to 3.99% + 0.49 USD
Marketplace payouts	Varies by marketplace	Varies by marketplace	Varies by marketplace
Withdraw from same country and currency	1.50 USD	1.50 USD	1.50 USD
Withdraw with currency exchange	1.2%–4%	1.2%–4%	1.2%–4%
ATM withdrawal in the same currency *	3.15 USD + up to 1.8%	3.15 USD + up to 1.8%	3.15 USD + up to 1.8%
Card annual fee	29.95 USD	29.95 USD	29.95 USD
Annual account fee	29.95 USD if under 6,000 USD received in 12 months	Same	Same
Custom pricing	No	No	Yes, for larger volumes via the sales team

*may vary by currency
The figures come from Payoneer’s fee pages, with Philippine details noted where they differ. All are current as of 19 August 2026.

The columns match almost all the way down, and that’s the point. Payoneer sorts customers into these three groups, but charges everyone the same rates, so there’s no cheaper plan to move to. Only the largest volumes get custom pricing.

What changes your total is how you use the account: someone converting currency twice a month pays far more over a year than someone who holds a USD balance and cashes out quarterly.

Breakdown of Payoneer fees in the Philippines

The table gives you the rates. Here’s what each one actually means.

Receiving fees

Receiving is free when the currency matches. Send USD to USD details, and you pay nothing, but send a currency your account isn’t set up for, and the 1% comes off before you’ve changed any money. Card payments cost more, and marketplace payouts vary by platform, so check what your platform charges.²

Withdrawal and currency conversion fees

Filipino users pay the most here because cashing out to pesos could mean changing currency. Payoneer’s guide for Filipino users puts a PHP withdrawal fee of up to 2% above the mid-market rate, and general cross-border conversion at 0%–3% depending on the source and payment method.³ Its withdrawal page gives the same up to 2% figure.⁴

To showcase with a scenario: a client sends 2,000 USD to your USD details, and you withdraw it to pesos. Receiving costs nothing, but that 2% can take up to 40 USD before the money reaches your bank. Your statement won’t call it a fee because it's built into the exchange rate. Payoneer adds that your bank may take its own processing, landing, or intermediary charges too.⁴

Card and ATM fees

Spending is cheapest when no currency change is needed: up to 1.8% and free where the shop’s country matches your card’s. Add a currency change, and it's up to 3.5%. ATM withdrawals cost 3.15 USD (or depending on currency) plus the same percentage, and the card is 29.95 USD per year.²

Additional costs involved

Payoneer charges 29.95 USD per year, but only if the account received less than 6,000 USD or equivalent in the last 12 months.² Its country guide calls this an inactivity charge for Filipino users.³

Wise Business: Alternative solution to manage global finances

Wise Business is an alternative solution for cross-border finances, allowing businesses to send and receive international payments in multiple currencies. Currency conversions also occur at the mid-market exchange rate with no hidden markups.

With a Wise Business multi-currency account, you can access over 8+ local account details — far more currency options than the handful most banks offer. Plus, Wise makes it easy to hold, send, receive, and exchange 40+ currencies from a single account.

With the freedom to send and receive payments in more currencies globally, you can focus on what matters most: growing a local business that knows no borders. Here's what you get with a Wise Business account:

Obtain account details to receive payments in USD, EUR, GBP, SGD, HKD and more for a one-time fee of 1,400 PHP.
Zero fees when you get paid via ACH, FAST, InstaPay/PESONet, & other local transfers.
Send money to pay invoices, suppliers & contractors fast, with less fees
Always get the mid-market rate with transparent conversion fees starting from 0.57%.
Pay your bills and ad-hoc overseas expenses using the Wise Business card without hefty foreign transaction fees.
Seamless integrations with popular accounting software.

➡️Get started with Wise Business today

Wise Pilipinas Inc. is regulated by the Bangko Sentral ng Pilipinas. You may visit the BSP website for more information about its regulatory framework and consumer protection policies. To reach Wise, visit help center here.

Sources

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.