Standard (2.0%)
Preferred (1.5%)
VIP / High Volume (1.0%)
Custom (0.5%)
No Fee (0%)
Gross Market Value:
Payoneer Fee Amount:
Final Exchange Rate:
Net Amount Received:
function calculatePayoneerExchange() {
var amount = parseFloat(document.getElementById("transferAmount").value);
var rate = parseFloat(document.getElementById("marketRate").value);
var feePct = parseFloat(document.getElementById("feePercentage").value);
if (isNaN(amount) || isNaN(rate) || amount <= 0 || rate <= 0) {
alert("Please enter valid positive numbers for amount and market rate.");
return;
}
var grossValue = amount * rate;
var feeAmount = grossValue * (feePct / 100);
var netReceived = grossValue – feeAmount;
var effectiveRate = netReceived / amount;
document.getElementById("grossValue").innerText = grossValue.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("feeAmount").innerText = feeAmount.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("effectiveRate").innerText = effectiveRate.toFixed(4);
document.getElementById("netAmount").innerText = netReceived.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("payoneer-result").style.display = "block";
}
Understanding Payoneer Exchange Rates
When withdrawing funds from your Payoneer account to a local bank account, or converting between your Payoneer balances, the exchange rate used is not exactly what you see on Google or XE.com. Payoneer applies a conversion fee on top of the wholesale market rate.
How Payoneer Calculates Conversion
The standard process involves taking the mid-market exchange rate (the "real" rate) and deducting a currency conversion fee. This fee typically ranges from 0.5% to 2%, depending on your account type and monthly volume of transfers. For most freelancers and small businesses, the standard fee is 2%.
Key Factors in Your Transfer Cost
Mid-Market Rate: This is the baseline rate used by banks to trade currency between themselves.
Conversion Fee: This is the margin Payoneer keeps for providing the service.
Fixed Withdrawal Fees: In some regions, there may be an additional fixed fee (e.g., $1.50) if you are withdrawing the same currency as your bank account (e.g., USD to a USD account).
How to Use This Calculator
To get an accurate estimate of your landing funds, follow these steps:
Transfer Amount: Enter the amount of currency currently in your Payoneer balance that you wish to convert.
Current Market Rate: Check a site like Google or Reuters for the current live rate (e.g., USD to EUR).
Fee Percentage: Select your account's specific fee tier. Most users should select 2.0%.
Calculate: The tool will show you the total fee deducted and the net amount that will arrive in your bank account.
Example Calculation
Suppose you are withdrawing $1,000 USD to a GBP bank account. If the current market rate is 0.80, the gross value is £800. With a standard 2% fee, Payoneer will deduct £16. You will receive £784 in your bank account, resulting in an effective exchange rate of 0.784.
Tips to Save on Fees
If you have high transaction volumes (usually over $20,000 per month), you can contact Payoneer support to request a lower conversion fee. Additionally, using the Payoneer Mastercard for direct purchases can sometimes be more cost-effective than multiple bank withdrawals.