Best Ways to Withdraw Money from Payoneer In 2023

By | August 27, 2023

Payoneer has become one of the most popular online money transfer services used by freelancers, affiliate marketers, and online sellers worldwide. The ability to receive payments from international clients directly into your Payoneer account in various currencies makes it very convenient.

However, you need to withdraw the funds from your Payoneer account to actually use the money. In this comprehensive guide, we will cover the best and most convenient ways to withdraw money from Payoneer in 2023.

Best Ways to Withdraw Money from Payoneer

What is Payoneer and How Does it Work?

Payoneer is a financial services company that provides online money transfer and digital payment services globally. Some key features of Payoneer include:

  • Receive payments from 200+ countries directly to your Payoneer account.
  • Hold funds in multiple currencies like USD, EUR, GBP etc.
  • Zero fees for receiving payments. Sender pays the fees.
  • Low-cost withdrawals to bank accounts and debit card transactions.
  • 24/7 customer support via phone, email and chat.

Freelancers, affiliates, online sellers etc. can sign up for a free Payoneer account. Their clients and employers can send payments to the account via bank transfer, debit/credit cards etc.

You can hold these funds in your Payoneer account and use them to make purchases online or withdraw them directly to your bank account.

Now let’s take a look at the best ways to withdraw funds from Payoneer.

Withdraw Money from Payoneer to Bank Account

The best way to withdraw large amounts from Payoneer is to transfer the funds directly to your bank account in your own country. Here are the steps to withdraw money from Payoneer to bank account:

Step 1: Add Your Bank Account

Log in to your Payoneer account and go to ‘Withdraw Funds’ > ‘To Bank Account’. Click on ‘Add New Account’ and enter your bank account details.

Payoneer will verify your bank account, which takes 1-3 business days. You will receive an email when your bank account is approved.

Step 2: Initiate Withdrawal

Go to ‘Withdraw Funds’ > ‘To Bank Account’ again and select the currency balance you want to withdraw from.

Choose the bank account, and enter the withdrawal amount and description. Click on ‘Withdraw’.

The funds will reach your bank account typically within 3-5 business days. The withdrawal fee is 1% of the transferred amount, capped at $10 per transaction.

Pro Tip: Withdraw money in the original currency received to avoid currency conversion fees.


  • No limits on the withdrawal amount. You can withdraw your full account balance.
  • Low fees – only 1% capped at $10 per transfer.
  • Fast processing – money reaches your bank within 3-5 days.
  • Secure way to withdraw large amounts.
  • No currency conversion fees if withdrawing in the original currency.

Withdraw Money from Payoneer to Debit Card

Another convenient way to access your funds is to withdraw from Payoneer to your Payoneer debit card. Here’s how it works:

Step 1: Order Payoneer Debit Card

Inside your Payoneer account, go to ‘Cards’ and order a Payoneer debit card. A physical or virtual debit card can be ordered.

Physical card delivery takes 2-3 weeks. For virtual card, the card details are emailed instantly.

There’s no issuing fee for the first Payoneer card.

Step 2: Withdraw Money

Once you have the debit card, simply withdraw money from your Payoneer balance to your card via the ‘Withdraw’ tab.

You can use the Payoneer debit card at ATMs or for online/offline payments anywhere Mastercard/Visa is accepted.

Limits and Fees

  • Daily ATM limit: $750
  • Monthly ATM limit: $1500
  • Daily POS limit: $2000
  • ATM fees: $3 per withdrawal + 3% currency conversion fee
  • No fee for online purchases

So in summary, the Payoneer debit card is great for easy access to your funds to cover daily expenses and payments. But use bank transfer if you need to withdraw larger amounts.

Withdraw Money from Payoneer to Mobile Wallet

In some countries, Payoneer offers integration with popular mobile wallet services like PayTM in India and JazzCash in Pakistan. This provides easy instant withdrawals to mobile wallets.

Here are the steps to withdraw from Payoneer to a mobile wallet:

Step 1: Link Mobile Wallet

Inside your Payoneer account, go to ‘Withdraw Funds’ > ‘To Mobile Wallet’. Select your country, choose your preferred mobile wallet service, and link your wallet.

Step 2: Withdraw Funds

Go to ‘Withdraw’ > ‘To Mobile Wallet’ and select balance, enter the amount and withdraw. The funds will directly reach your linked mobile wallet instantly.

Limits and Fees

Minimum withdrawal: $1 Maximum withdrawal: Varies per service, typically $500 per day Fees: 1%

So if you need urgent access to small amounts, withdrawing to mobile wallets is very convenient.

Payoneer Withdrawal Limits and Fees

Here is a summary of the key withdrawal limits and fees for the various options:

  • Bank transfer: No limits, 1% fee capped at $10 per transfer
  • Debit card:
    • Daily ATM limit: $750
    • Monthly ATM limit: $1500
    • Daily purchase limit: $2000
    • ATM fee: $3 + 3% conversion fee per transaction
  • Mobile wallets:
    • Minimum per transaction: $1
    • Maximum per day: Around $500
    • Fee: 1% per transfer

Make sure you take these limits and costs into account when deciding the best withdrawal method as per your requirements.

Tips for Hassle-Free Payoneer Withdrawals

Follow these tips to ensure smooth, successful withdrawals from your Payoneer account:

  • Withdraw in the original currency received to avoid conversion fees.
  • Stagger large withdrawals over multiple days to avoid limits.
  • Maintain sufficient balance in account currency before withdrawing.
  • Track payments – log in to Payoneer account to view status.
  • Inform bank about withdrawal so they are expecting it.
  • Contact Payoneer support if any issues.
  • Only withdraw to personal bank accounts in your own name or company name matching Payoneer account.


Payoneer Withdrawal Timelines

Here are the typical Payoneer withdrawal timelines:

  • Bank transfer: 3-5 business days
  • Debit card: Funds available instantly
  • Mobile wallets: Instant
  • Payoneer virtual card: Card details emailed instantly
  • Physical Payoneer card delivery: 2-3 weeks

So in summary, Payoneer offers flexible and cost-effective withdrawal options. Bank transfer is best for large amounts, while debit cards, mobile wallets, and virtual cards provide instant access to your funds as per your needs.

Frequently Asked Questions

Can I withdraw Payoneer funds to any bank account?

You can only withdraw to personal bank accounts in your own name or business accounts that match your registered Payoneer account name.

How long does Payoneer bank transfer withdrawal take?

Payoneer bank transfers typically take 3-5 working days to reach your bank account. The time taken can vary slightly depending on your country/bank.

What are the documents needed for Payoneer withdrawal?

For withdrawals to new bank accounts, you may need to provide personal ID and bank account ownership proof documents to verify your identity and account ownership.

Can I withdraw Payoneer balance to PayPal?

Unfortunately, you cannot directly withdraw Payoneer funds to PayPal. You will need to first withdraw to your bank account, and then transfer from your bank account to PayPal.

Is there a fee for Payoneer debit card?

Ordering your first Payoneer debit card is free. There are fees for ATM withdrawals ($3 + 3% conversion fee) but no fees for POS purchases.

What is the maximum withdrawal limit via Payoneer?

There is no maximum withdrawal limit if you transfer directly to your bank account via local bank transfer. Limits apply for debit card ATM/purchases.


I hope this detailed guide has helped you understand all the flexible and cost-effective options to withdraw funds from your Payoneer account.

The option you choose will depend on factors like the amount to be withdrawn, the urgency to access funds, fees, and limits in your country.

Payoneer’s integration with bank accounts, debit cards, and mobile wallets ensures you have seamless access to your money when you need it.

So sign up for a Payoneer account, get paid by international clients into it, and easily withdraw your earnings via your preferred method.

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