Is Payoneer available for business in Canada?

Availability

Payoneer for business in Canada: Available with limits

Key eligibility: Available to Canadian businesses, with a notable exception that Payoneer does not open new accounts for residents of Quebec. You provide business and identity details to register.
Non resident position: Open to a business based in Canada outside Quebec. Payoneer serves Canadian companies subject to identity and compliance checks, but does not onboard new Quebec based accounts.
Local currency support: Canadian dollar supported for sending, receiving and holding, alongside currencies such as the United States dollar, euro and British pound, with receiving accounts in multiple currencies.
Headline monthly fee: No fixed monthly account fee in the typical plan; Payoneer earns on currency conversion, which can be up to about 2 percent, and on certain receiving and withdrawal methods.

Availability and fees as of 8 September 2025Last reviewed 8 September 2025

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Yes, with limits. As of 8 September 2025, Payoneer serves business customers in Canada and supports the Canadian dollar, but it does not open new accounts for residents of Quebec. Payoneer is a payments and receivables account for cross border business rather than a deposit taking Canadian bank account.

Does Payoneer serve business customers in Canada?

Yes. Payoneer serves Canadian businesses and freelancers, supports the Canadian dollar and provides receiving accounts in several currencies so a company can be paid like a local in those markets. One important limit applies: Payoneer states it does not open new accounts for residents of Quebec. Payoneer is a payments and receivables provider rather than a deposit taking bank, so it works alongside a Canadian bank account.

Eligibility for businesses in Canada

Payoneer registers a business or sole operator based in Canada once it completes identity and business verification. You supply business details and identification for the owners. New accounts are not opened for residents of Quebec. There is generally no minimum balance to register. Verify with the provider

What it costs locally

Payoneer does not charge a fixed monthly account fee in its typical plan and instead earns on currency conversion, which can be up to about 2 percent on the exchange rate, and on certain receiving and withdrawal methods. The fees that apply to your account are shown during registration and inside the account. Confirm current pricing with Payoneer. As of 8 September 2025

What local users report

Canadian businesses commonly use Payoneer to collect payments from overseas marketplaces and clients and to pay international contractors, while keeping a Canadian bank account for local needs. Quebec based businesses report that they cannot open new accounts.

How to open Payoneer for business in Canada

Go to the Payoneer site and start a business registration, selecting Canada as your country, noting that new Quebec accounts are not accepted.
Enter your business details and provide identification for the owners for verification.
Once approved, add your receiving accounts and currencies, then share your details to start collecting and making payments.