Banking · Retail bank
Payoneer: payment receiving accounts, licences by country
Cross-border payment service for freelancers and businesses, with receiving account details in several currencies. It is not a bank: Payoneer operates under money transmitter, electronic money or payment licences depending on the country.
Please note
Characteristics
- Family
- Retail bank
- Regulator
- Selon le marché : FinCEN et États (États-Unis), Banque centrale d’Irlande (EEE), FCA (Royaume-Uni)
- Regulator country
- United States
- Deposit guarantee
- No
- Remote opening
- Yes
- Currencies
- USD · EUR · GBP
- Services
- Multi-currency account · Payment card · International transfers
- Accepted residencies
- Not provided
- Refused residencies
- Not provided
- Home country
- United States
Eligible and excluded countries of residence were not recorded in this update.
Entities and regulatory status
| Entity | Jurisdiction | Status | Regulator | Protection of funds |
|---|---|---|---|---|
| Payoneer Inc.holds the accountRegistered with FinCEN as a money services business and holder of money transmitter licences in the states and territories that require them, according to Payoneer's licences page. FinCEN register not consulted. | United States | Payment or e-money institutions | FinCEN / autorités des ÉtatsLicence FinCEN MSB 31000288349183 | |
| Entité irlandaise de Payoneer (dénomination non relevée)holds the accountElectronic money institution authorised by the Central Bank of Ireland, passported in the EEA, according to Payoneer, which does not name the entity; the name "Payoneer Europe Limited" used in earlier versions is not confirmed. Central Bank register not consulted. | Ireland | Payment or e-money institutions | Banque centrale d’IrlandeLicence 966835 | |
| Entité britannique de Payoneer (dénomination non relevée)holds the accountElectronic money institution authorised by the FCA according to Payoneer; the reference is reproduced as displayed, and its format does not match that of an FCA register number. To be cross-checked against the register. | United Kingdom | Payment or e-money institutions | FCALicence 15-10-01734 |
Who can open or keep an account
| Country of residence | Case | Status | Conditions |
|---|---|---|---|
| Any residence (general rule) | Opening and keeping | Unknown | Eligible and excluded countries not recorded. |
A country missing from this table is neither accepted nor refused: the information is not published.
Published figures
- Account feeNot provided
- Brokerage feeNot provided
- Deposit guarantee ceilingNot provided
- Entry ticketNot provided
Which entity, which status
Payoneer publishes the list of its licences (Payoneer licences page). In the United States, Payoneer Inc. is registered with FinCEN as a money services business and holds money transmitter licences in the states that require them. In the EEA, Payoneer operates as an electronic money institution authorised by the Central Bank of Ireland and passported; in the United Kingdom, as an electronic money institution authorised by the FCA. Other licences are cited for Hong Kong, Japan, Australia, India and Singapore.
Payoneer is therefore not a bank in any of these markets: the account is a payment account or an electronic money account.
Payoneer's page does not name the Irish and British entities; the registers of the Central Bank of Ireland, the FCA and FinCEN were not consulted. The British reference displayed must be cross-checked against the FCA register.
Who can open an account
Eligible countries of residence, accepted forms of activity and the contracting entity depending on the customer's country: not recorded.
Account, card and currencies
Receiving account details in several currencies, including the dollar, the euro and the pound, with a card and outgoing transfers.
Receiving fees, withdrawal fees and exchange margins: not recorded from a dated fee document.
Protection of funds
As an electronic money institution or money transmitter, Payoneer is not covered by any bank deposit guarantee: protection rests on the safeguarding or guarantee rules specific to each licence.
Safeguarding arrangements by entity: not described on the page read.
Points to check
- The Payoneer entity that holds the account, stated in the terms accepted at opening.
- The fund protection regime of that entity: safeguarding, not deposit guarantee.
- The licence reference, to be verified yourself in the register of the relevant regulator.