Payoneer for business in India: Available with limits
- Key eligibility
- India registered businesses and registered professionals can open a Payoneer account to receive international payments, subject to KYC and KYB. Payoneer is a cross border payments account, not a local Indian current account.
- Non resident position
- Payoneer serves customers based in India. Funds received are withdrawn to a local Indian bank account, typically within about two business days, rather than held as a domestic Indian current account.
- Local currency support
- Receiving accounts in major currencies such as US dollar, euro and British pound, with withdrawal to an Indian rupee bank account. There is no domestic INR current account in your own name in the way a local bank account works.
- Headline monthly fee
- No monthly fee, but withdrawals to an Indian bank typically carry a conversion fee in the region of 1 to 2 percent, plus card and other service fees, and an annual fee around 29.95 US dollars can apply if receipts are low. As of 6 February 2026.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Does Payoneer serve business customers in India?
Yes, with limits. Payoneer is a global cross border payments company that operates in India and runs a dedicated India site. India registered businesses and registered professionals can open an account to get paid by marketplaces such as Upwork, Fiverr and Amazon and by direct clients, using US dollar, euro and British pound receiving accounts, then withdraw the balance to a local Indian bank account. It functions as a receivables and payments account rather than a local Indian current account, so it complements a domestic bank account rather than replacing it. As of 6 February 2026.
Eligibility for businesses in India
Payoneer onboards India based businesses and professionals, asking applicants to register as a company where they have a registered business or as an individual professional. Onboarding runs through KYC and KYB, typically requesting identification, business registration and PAN, and bank details for withdrawals. Indian foreign exchange rules govern inbound receipts, so documentation such as a purpose code applies. Verify with the provider
What it costs locally
Payoneer has no monthly fee, but costs arise on use. Withdrawing to an Indian bank account typically carries a currency conversion fee broadly in the region of 1 to 2 percent, payments funded by card or some methods carry receiving fees, and an annual account fee around 29.95 US dollars can apply when receipts are below a set threshold over twelve months. Treat these as a guide and confirm your current fees with the provider. As of 6 February 2026. As of 6 February 2026
What local users report
Indian freelancers, exporters and ecommerce sellers use Payoneer mainly to collect from overseas marketplaces and clients and to move funds to their Indian bank account. Users weigh the convenience of wide marketplace acceptance against conversion costs on smaller invoices, and exporters check that the purpose code and any documentation they need for compliance are captured at withdrawal.
How to open Payoneer for business in India
- Go to the Payoneer India site and sign up, choosing Company if you have a registered business or Individual if you are a professional
- Complete KYC and KYB with identification, business registration and PAN, and add the Indian bank account you will withdraw to
- Share your Payoneer receiving details with marketplaces and clients, then withdraw received funds to your Indian bank account
Questions about Payoneer in India
Is Payoneer available for business in India?
Who can open a Payoneer account in India?
Does Payoneer support the Indian rupee?
How much does Payoneer cost in India?
Availability, fees, and eligibility change. This page was last reviewed on 6 February 2026. Confirm the current position with Payoneer before applying.