Payoneer is taking full advantage of people in underdeveloped countries where services like PayPal, Zelle, or other international payment processors are not available. Instead of supporting global access to finance, they exploit the lack of options by charging excessive fees across the board.From unreasonably high annual card fees to hidden charges like inactivity fees, and a terrible exchange rate that eats into every payment received. Payoneer makes it extremely costly just to access your own money. For many freelancers and small business owners, especially in countries with limited financial infrastructure, this is one of the only options, and Payoneer knows it.Rather than empowering these communities, Payoneer seems more interested in profiting off their lack of alternatives. Their fee structure is predatory, and support is often slow and unhelpful.If you have other options, avoid Payoneer. And if you live in a region with no alternative, be aware: they will squeeze every possible cent out of you simply because they can.
