What are Payoneer fees in India for receiving international payments in 2026?

Payoneer publishes its fees for Indian users on its India pricing page, its multi-currency account page and its help centre. This page collects those fees in one place for Indian freelancers, consultants, tutors and agencies receiving money from abroad. All figures were checked on 28 October 2026.¹²³ Payoneer states that the fees on its pricing page are its "most standard and common fee structure" and that the fees applicable to you are shown during registration and under the Fees link in your account, so treat the figures below as the published starting point.¹

What are Payoneer fees at a glance?

Payoneer's main cost for Indian users is the 1% to 4% fee to convert and withdraw a foreign-currency balance to an Indian bank in rupees; receiving USD by local bank transfer is free for customers from India.¹²

The table is based on Payoneer's pricing page, account page and FIRA FAQ.¹²³

How does Payoneer charge Indian users?

Payoneer charges Indian users mostly at withdrawal, when a foreign-currency balance is converted and paid to an Indian bank in rupees.¹

• Transaction fee: Free for USD local bank transfers for customers from India; 2.90% + $0.49 for card payment requests; 1% for ACH payment requests.¹²
• FX markup: No separate markup published; the 1% to 4% withdrawal fee is the only published conversion cost.¹
• Withdrawal fee: 1% to 4% of the amount; Payoneer says the exact fee "depends on region and transaction volume" and is shown in your account.¹
• Fixed fee: 29.95 USD annual fee only for accounts receiving less than 6,000 USD in any 12 consecutive months.¹

What does Payoneer charge by payment method?

Payoneer's fees depend on how the client pays, from free for USD local bank transfers to 2.90% + $0.49 for cards.¹²

The table lists each fee as Payoneer publishes it.¹²⁴ Payoneer's multi-currency page says receiving is free for customers from India; its pricing page's general rule lists a fixed fee or 1% for other currencies.¹²

Payoneer's pricing page also has a section addressed to clients paying a Payoneer customer, listing 1% for local bank transfer, 1% for ACH bank debit (US only) and 1% for direct bank payment (UK only); that section does not say whether the fee is charged to the client or to you.¹

What is the Payoneer currency conversion fee and FX markup?

Payoneer charges 1% to 4% of the transaction amount to withdraw in INR from a balance held in another currency, which is how every foreign-currency receipt reaches an Indian user.¹ Payoneer does not publish a separate exchange rate markup, so the 1% to 4% figure is the only published conversion cost.¹

For example, on a $5,000 balance withdrawn in INR, a 1% fee costs $50 and a 4% fee costs $200, so the published range spans 1% to 4% of the receipt depending on your account.¹

What are Payoneer withdrawal and settlement fees?

Payoneer withdrawal is automatic and costs 1% to 4% of the amount when converted to INR.¹

The table is based on Payoneer's pricing page, account page, India guide and FIRA FAQ.¹²³⁴ Payoneer's multi-currency account page adds that funds can go to a local bank account or EEFC account.²

Is GST charged on Payoneer fees?

Payoneer's India pricing page does not mention GST on its fees, so check the fee details and invoices in your account.¹ Whether 18% GST is added to Payoneer's fees for Indian users is not published.¹

How much INR do you receive on $2,000, $5,000 and $10,000 with Payoneer?

The INR you receive with Payoneer depends on the 1% to 4% withdrawal fee that applies to your account, so the result is a range.¹ The table below shows that range on published fees, at today's rate.

To compare with your own account's rate, enter it in the international payment fee calculator.

What hidden or one-off charges does Payoneer apply?

Payoneer's one-off and conditional charges are the annual account fee, a possible annual plan, a possible registration fee and intermediary bank deductions on wires.¹²

• Annual account fee: 29.95 USD, charged only if you receive less than 6,000 USD (or equivalent) in any 12 consecutive months.¹
• Annual plan: Required for certain account types in specific regions, with details given at registration; if charged, the annual account fee does not apply that year.¹
• Registration fee: "In certain countries a registration fee may apply"; not stated for India.¹
• Wire deductions: Intermediary banks may deduct fees on USD SWIFT wires.²
• Minimum fee: The pricing page's general receiving rule says a minimum fee may apply.¹

Payoneer does not publish, on the India pages checked: the exact INR withdrawal percentage for an account or the exchange rate it starts from, a per-transaction or monthly receiving limit for Indian accounts, a Payoneer fee for incoming USD SWIFT wires, whether a registration fee or annual plan applies to Indian accounts, or the fixed fee in its general receiving rule.¹²³⁴

How can you reduce Payoneer fees?

Payoneer fees are lowest when clients pay by local bank transfer and you stay above the annual fee threshold.¹²

• Ask clients to pay by local transfer: Free for USD for customers from India, against 2.90% + $0.49 for card payment requests.¹²
• Receive at least 6,000 USD a year: The 29.95 USD annual fee applies only below that level in any 12 consecutive months.¹
• Check your withdrawal rate: The exact 1% to 4% rate is shown in your account and depends on region and transaction volume.¹

How do Payoneer fees compare with other platforms?

On published fees, Payoneer's estimated cost on a USD 5,000 receipt is 1.00 to 4.00%, after Skydo, Razorpay, Karbon Business and Winvesta.¹² The table is ordered by estimated cost on a USD 5,000 receipt, cheapest first, using each provider's published fees, FX markup and GST where published.

For how Payoneer works overall, including its regulatory set-up and purpose codes, see the Payoneer review. For other routes, see Payoneer alternatives, Wise vs Payoneer and PayPal vs Payoneer.