Sign up cost: Free
Available: Online/app
Number of currencies: 150
Number of countries: 220
Minimum transfer: $1
Transfer fee: Different fees for different services; expect to pay between 1–3%
Exchange rate margin: 0.5% above the mid-market rate
Transfer speed: Almost instant
Best for: Businesses and freelancers needing to receive money in multiple currencies
Beloved by businesses and freelancers alike, Payoneer is the money transfer service of choice for businesses like Amazon and Google, as well as other e-commerce sites.
Because you can request a payment from within the account, it can be used to invoice clients as well as make and receive payments (domestically and internationally).
The fee structure is quite complex, so it is not as simple as other money transfer companies, but with most transfers completed almost instantly, it is a speedy solution.
