Payoneer
- Company typePublic
- Founded2005
- HeadquartersNew York, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Payoneer does
Payoneer is a publicly traded fintech (NASDAQ: PAYO) founded in 2005 and headquartered in New York that operates a global cross-border payments platform spanning 70 currencies and 190+ countries, serving approximately 5 million customers including individuals, freelancers, SMBs, and large online marketplaces. The platform is anchored by the Payoneer Multi-currency Account (receiving accounts in 70 currencies, payment collection, FX conversion, and local bank withdrawals) and extends through a modular suite including Payoneer Checkout (online payment gateway integrated with Shopify, WooCommerce, Shoplazza and migrating to Stripe infrastructure), the Payoneer Business Mastercard commercial card program, a Workforce Management product offering Employer of Record / Agent of Record / Contractor Management services across 160+ countries, a Capital Advance working-capital product, a tax-form compliance suite (1099/W-9/1042/W-8), and the optile payment orchestration platform acquired in 2019.
The business generates revenue primarily through transaction-based fees on cross-border B2B and B2C payouts, supplemented by interest income on customer balances, interchange and FX margin from the commercial card program, fees on Capital Advance repayments, EOR subscription fees (~$199–$699 per employee per month industry range), and marketplace/API revenue. Distribution is hybrid: self-serve/PLG onboarding via payoneer.com (localized in 17 languages), deep native integrations with Amazon, eBay, Walmart, Airbnb, Upwork, Etsy, Fiverr, Shopify, Booking.com, Wayfair and Sephora that funnel sellers directly into Payoneer accounts, plus an API-first channel (Mass Payout API, Mass Payout & Services API, Checkout API) serving enterprise platforms and an emerging direct enterprise sales motion targeting customers with >$600,000 in annual payment volume. Forward product strategy includes stablecoin settlement (PAYO-USD via Bridge) and a pending US national trust bank charter (PAYO Digital Bank, N.A.).
In FY2025 Payoneer generated $1.053 billion in revenue (+8% YoY including interest income; +14% ex-interest to >$900M) and $146 million in free cash flow while processing approximately $87 billion in total payment volume. Q1 2026 revenue was $261.6 million with B2B volume up 44% YoY; FY2026 ex-interest revenue guidance was raised to $900–$940M. In June 2026, Nuvei agreed to acquire Payoneer for $2.75 billion in cash at $7.40/share (deal expected to close mid-2027), which would end its public-company status and combine it with an Advent International-backed payments processor projected at ~$3 billion combined annual revenue and >$500 billion in annual payment volume.
Payoneer firmographics
Firmographics- Name
- Payoneer
- Legal name
- Payoneer Inc.
- Website
- https://payoneer.com
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Payoneer industry classification
Industry- Product category
- Cross-Border Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ)
- akta.pro secondary industries
- Marketplace & Platform Seller Payouts (FSAMAKAE), Contractor / Freelancer Payments (FSAMAKAC), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where Payoneer is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices11 records
Markets served
Payoneer business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Cross-border payment transaction fees: Primary revenue stream generated from cross-border B2B/B2C payouts, marketplace payouts, and account-to-account transfers across 190+ countries and 70 currencies. Underpins both freelancer and SMB fee-based revenue.
- Interest income on customer balances: Interest earned on customer funds held in Payoneer accounts. Contributed materially in 2024-2025, but is a strategic headwind in 2026 as rate cuts compress take rates; 2026 guidance explicitly separates 'revenue ex. interest' as the cleaner growth metric (raised to $900-940M for FY2026).
- Working capital advance / Capital Advance: Fees from prequalified working capital advances offered to eligible sellers and freelancers inside the Payoneer platform (Capital Advance, Capital Advance Express, and Grow).
- Workforce Management / EOR services: Recurring service fees from Employer of Record, Agent of Record, and Contractor Management System offerings across 160+ countries.
- Commercial card interchange and FX: Interchange and FX margin from the Mastercard commercial card program and from currency conversion between balances in multi-currency accounts.
- Marketplace payout and tax compliance APIs: Service-based revenue from API integrations (Mass Payout API, Checkout API) used by marketplaces and platforms for collection, payout, and tax-form compliance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based fees for receiving cross-border payments and withdrawing to local bank accounts |
| Usage-based | Pay-as-you-go | Currency conversion / FX margin applied to multi-currency account balances |
| Usage-based | Pay-as-you-go | Working Capital Advance — prequalified capital inside Payoneer |
| Per seat | Monthly | Workforce Management / EOR subscription services |
Go-to-market motion5 records
Distribution channels6 records
Marketing channels9 records
Payoneer product offering
Product offeringCore offering
Payoneer operates a global cross-border payments platform that enables freelancers, small and medium-sized businesses, and online marketplaces to send, receive, and manage money across 70 currencies and 190+ countries. Its core offering centers on multi-currency receiving accounts, mass payout infrastructure, an online checkout gateway, a Mastercard commercial card program, working capital advances, and a global workforce management (EOR/AOR) service that together replace slow wires, fragmented local banking, and FX friction with a single unified platform.
Product overview
Payoneer operates a single unified cross-border financial platform for SMBs, freelancers, and marketplaces, centered on the Payoneer Multi-currency Account and complemented by a portfolio of modular products and acquired capabilities. At its core, the Payoneer Account enables receiving, holding, converting, and paying in 70 currencies across 190+ countries and territories, with the Payoneer Business Card (Commercial Cards) and Payoneer Checkout supporting online payments and global expense management, and the Mass Payouts Platform serving marketplace operators. Built on top of this platform are modular offerings including Workforce Management (Employer of Record, Agent of Record, and Contractor Management System — recently extended through the Boundless acquisition), Working Capital Advance (Capital Advance), Payoneer Tax Form Collection (1099/W-9/1042), and an upcoming Stablecoin Payments product (Coming Soon, with PAYO-USD stablecoin issuance planned under PAYO Digital Bank N.A. pending OCC approval). Developer-facing exposure is delivered through the Mass Payout API, the Mass Payout & Services API, and the Payoneer Checkout API, while the optile payment orchestration platform — acquired in 2019 and launched globally in 2020 — underpins merchant services and the Payoneer for Banks program.
Differentiator
Problem solved
Functional benefit
Brands
- Payoneer Checkout: Online checkout payment solution for SMBs to accept global payments, integrated with platforms like Shopify, WooCommerce, and Shoplazza.
- Payoneer Workforce Management
- Payoneer Capital Advance
- Payoneer Commercial Card
- Stablecoin by Payoneer
- PAYO Digital Bank
Products and services
- Payoneer Multi-currency Account
Quantifiable outcome
- 44% YoY B2B volume growth in Q1 2026
- +6 more outcomes
Companies that use Payoneer
Customer profileNamed customers22 records
Segments5 records
Ideal customer profiles4 records
Payoneer technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration37 records
AI capability8 records
Feature9 records
Payoneer partnerships and signals
Strategic signalPartnerships
28 partnerships are on record, tiered flagship, core and minor.
- NuveiflagshipNuvei (Montreal-based payments processor) agreed to acquire Payoneer for $2.75 billion in cash at $7.40 per share, ending Payoneer's five-year tenure as a Nasdaq-listed public company. The combined entity is expected to generate ~$3 billion in annual revenue, process over $500 billion in annual payment volume, and serve 2.4+ million customers across 190+ countries and 150 currencies. Expected to close mid-2027.
- UpworkflagshipPayoneer and Upwork extended their 15-year strategic partnership. Payoneer remains the primary wallet and 'Direct to Local Bank' payout partner for Upwork freelancers across Africa, APAC, Europe, LATAM, and Middle East. The renewed agreement includes a new Design Partnership to explore stablecoin-enabled payouts (initially for Latin America and emerging markets) and leverages Upwork's talent pool for Payoneer's SMB clients.
- Amazon Global Selling VietnamcoreAmazon Global Selling Vietnam and Payoneer formed a collaboration to help Vietnamese sellers manage payments, currency, cash flow, and compliance as cross-border operations scale globally.
- FundParkcorePayoneer and FundPark collaborated to expand AI-driven financing access for Hong Kong-incorporated e-commerce businesses. Approved Payoneer customers can access credit offers of up to USD 10 million with AI-powered assessments and disbursement in as little as 24 hours.
- Bridge (stablecoin infrastructure)flagshipPayoneer partnered with Bridge to launch stablecoin capabilities (PAYO-USD), embedding stablecoin settlement into Payoneer's platform beginning Q2 2026 to retain higher-value customers on-platform.
- Boundless (workforce management)corePayoneer acquired Boundless for $13 million (Q4 2025 disclosure) to deepen its workforce management capabilities in Europe — Employer of Record services.
- StripeflagshipPayoneer and Stripe partnered to deliver an enhanced online checkout experience for SMBs globally. Payoneer is migrating its checkout infrastructure onto Stripe, which created a ~300 bp near-term growth headwind discussed on Q4 2025 earnings call.
- CiticorePayoneer leverages Citi's blockchain technology to enable 24/7 global intracompany money transfers.
- Licensed China-based Payment Service Provider (PSP)flagshipPayoneer completed acquisition of a licensed China-based payment service provider in April 2025 (regulatory approval received February 13, 2025), giving Payoneer direct in-country payment infrastructure in China.
- Nequi (Colombia)minorNequi and Payoneer announced their integration to offer more flexibility to global entrepreneurs in Colombia.
- Tech MahindracoreCollaboration to advance global crowdsourcing payments, combining Tech Mahindra's services platform with Payoneer's cross-border payout infrastructure.
- EtsycorePayoneer supports Etsy in expanding Etsy Payments into emerging markets, providing payout infrastructure for sellers in regions underserved by traditional banks.
- AirbnbcoreAirbnb retained Payoneer as a preferred global payment provider for another three years, enabling hosts in additional countries to receive payments in their local currencies. Original partnership began in 2013.
- Spott (Israeli data platform)corePayoneer acquired Israeli data platform Spott (announced August 3, 2023) to enhance technological capabilities and strengthen its position in the fintech sector by integrating Spott's data processing expertise into Payoneer's infrastructure.
- ANNA (UK business banking)minorANNA is one of the named partners in Payoneer for Banks (launched 2020).
- WooCommercecorePartnership to simplify checkout for global sellers by making Payoneer Checkout available via a WooCommerce plug-in.
- Naver Z (Zepeto metaverse)minorNaver Z chose Payoneer to pay content creators globally for its Zepeto platform.
- EC21 (Korean B2B marketplace)minorPartnership to grow Korean SMBs globally through Payoneer's cross-border payout infrastructure.
- FiservcoreCollaboration to streamline cross-border payouts for businesses, leveraging Fiserv's banking/payments infrastructure.
- SEAGM (digital goods platform)minorSEAGM, a Malaysian digital goods platform, chose Payoneer to enable direct payments to SMBs worldwide.
- ShopifycorePayoneer Checkout integrated with Shopify in 2022, enabling merchants on the platform to accept payments globally.
- Alibaba.comminorJoint forces with Alibaba.com to offer grants to American SMBs to help boost business growth.
- Booking.comminorPartnered in 2020 alongside Sephora and Wayfair as a marketplace payout customer.
- WayfairminorPartnered in 2020 alongside Booking.com and Sephora as a marketplace payout customer.
- SephoraminorPartnered in 2020 alongside Booking.com and Wayfair as a marketplace payout customer.
- JazzCash (Pakistan mobile wallet)minorJazzCash is one of the named partners in Payoneer for Banks (launched 2020), enabling payouts into Pakistan's mobile wallet ecosystem.
- optile (payment orchestration)corePayoneer acquired optile in 2019 and globally launched the optile payment orchestration platform in 2020 to expand into merchant services.
- AmazonflagshipSelected as Amazon's trusted payment provider; Payoneer integrations power payments for approximately 70% of Amazon sellers globally.
Scale indicators16 records
Recent moves11 records
Expansion highlights7 records
Payoneer competitors and assessment
Company assessmentDirect peers
- Wise plc: Wise (formerly TransferWise) is a UK-listed cross-border payments specialist offering multi-currency accounts and low-fee international transfers to consumers, SMBs, and enterprises. It is the most directly comparable pure-play to Payoneer's multi-currency account and B2B cross-border payouts business, competing head-to-head in corridors like USD-GBP, USD-EUR, and emerging-market payouts.
- Stripe: Stripe is the global online payment processor powering internet commerce; it became Payoneer's checkout infrastructure partner in August 2025 (Payoneer Checkout is migrating to Stripe). Stripe directly competes with Payoneer's checkout/API business while simultaneously being a critical infrastructure dependency, making it a unique partner-competitor peer.
- Remitly Global: Remitly is a Nasdaq-listed digital remittances company focused on cross-border money transfers from developed to emerging markets, serving immigrants and SMBs. It overlaps with Payoneer on cross-border payout corridors into LATAM, APAC, and Africa, particularly for individual and SMB senders, but is more retail-remittance focused.
- Airwallex: Airwallex is a Hong Kong-headquartered cross-border payments and multi-currency account platform serving SMBs and enterprises globally, with strong APAC presence. It competes directly with Payoneer in cross-border B2B payments, multi-currency accounts, and marketplace payouts across APAC corridors where Payoneer's China and Hong Kong operations are concentrated.
Broad incumbents
- PayPal Holdings: PayPal is a broad incumbent in global digital payments offering consumer wallets (PayPal, Venmo), merchant processing, and B2B payouts via Xoom and PayPal Pay Later. It overlaps with Payoneer across cross-border SMB payouts, marketplace seller flows, and multi-currency accounts, but operates at much greater scale across consumer and merchant segments.
- Adyen: Adyen is a global payments platform serving enterprise merchants with unified online, point-of-sale, and marketplace payouts across 200+ markets. It competes with Payoneer's optile-driven merchant orchestration and Payoneer Checkout offering for enterprise marketplace and SMB merchants, but focuses on large enterprise rather than SMB.
Emerging players
- dLocal: dLocal is a Nasdaq-listed payments processor focused on emerging markets (LATAM, Africa, APAC), enabling global merchants to accept and disburse payments locally. It directly competes with Payoneer's emerging-market payout and marketplace strategies, especially in LATAM where Payoneer operates from Buenos Aires and partners with Nequi.
- Brex: Brex is a US-based corporate card and spend management platform targeting startups and SMBs, with cross-border capabilities for global teams. It competes with Payoneer's Commercial Card and SMB-focused multi-currency account offering, particularly for tech-forward US-based SMBs that also need international payout capability.
- Bill.com Holdings: Bill.com is a US SMB-focused accounts payable and receivable automation platform with a direct integration into Payoneer (USD receiving account). It is comparable as a partner-adjacent SMB financial infrastructure peer, sharing the SMB target customer with overlapping treasury and payment workflows.
- Mercury: Mercury is a US-based digital business banking platform serving startups and SMBs with multi-currency accounts, ACH/wire transfers, and treasury tools. It is comparable as an SMB-focused fintech with multi-currency and cross-border payment ambitions, though its geographic footprint is more US-centric than Payoneer's 190+ countries.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Payoneer social profiles
Digital presencePayoneer compliance and trust
Trust signalCompliance7 records
Payoneer financial estimates
Financial estimateRevenue estimate
Valuation estimate
Payoneer leadership team
Management profileNumber of profiles
Profiles10 records
Payoneer subsidiaries and ownership
Company hierarchySubsidiaries7 records
Payoneer funding detail
Funding detailFunding overview
Funding rounds15 records
Investors26 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Payoneer M&A and investment
M&A and investmentM&A6 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Payoneer
What does Payoneer do?
Payoneer operates a global cross-border payments platform that enables freelancers, small and medium-sized businesses, and online marketplaces to send, receive, and manage money across 70 currencies and 190+ countries. Its core offering centers on multi-currency receiving accounts, mass payout infrastructure, an online checkout gateway, a Mastercard commercial card program, working capital advances, and a global workforce management (EOR/AOR) service that together replace slow wires, fragmented local banking, and FX friction with a single unified platform.
Is Payoneer a public or private company?
Payoneer is a public company. It is classified as public and is currently operating.
When was Payoneer founded?
Payoneer was founded in 2005. It employs 1,001 to 5,000 people.
Where is Payoneer based?
Payoneer is headquartered in New York, United States, in the North America region.
How does Payoneer make money?
Six revenue lines are on record. Cross-border payment transaction fees are the primary driver. The others are interest income on customer balances, working capital advance / Capital Advance, workforce Management / EOR services, commercial card interchange and FX and marketplace payout and tax compliance APIs.
Who are Payoneer's main competitors?
Direct peers on record are Wise plc, Stripe, Remitly Global and Airwallex. Broad incumbents are PayPal Holdings and Adyen. Emerging players are dLocal, Brex, Bill.com Holdings and Mercury.
Does Payoneer have an API?
Yes. Payoneer offers developer-facing APIs for integrating payment services. The Mass Payout API covers sending mass payout requests, registering payees, approving account applications, transferring funds to Payoneer, issuing payout instructions, transferring funds to client account, and setting up global collection accounts. The Mass Payout & Services API extends to collecting payments from payees, Capital Advance offers (working capital), tax compliance services including 1042, 1099, W8 and W9 forms, local bank transfers, multicurrency accounts, direct bank payments, Payoneer-to-Payoneer payments, withdrawals to bank account, billing services including requesting payments and invoices, and checkout experiences. The Payoneer Checkout API enables ecommerce platforms to build high-converting checkout experiences accepting and managing payments globally. Developer support is available in 22 languages. Developer documentation is at developer.payoneer.com.
What industry is Payoneer in?
Payoneer's product category is Cross-Border Payments. Its primary akta.pro industry code is FSAMAIAJ, Cross-Border Payouts & Mass Disbursements (Pay-outs), with a secondary code of FSAMAKAE, Marketplace & Platform Seller Payouts. Its NAICS code is 52232 and its SIC code is 6199.