Compare Payoneer exchange rate fees with our calculator.
Payoneer is a service for requesting business payments to be paid abroad. Freelancers, for example, can manage to get paid in US-Dollars, pay their VAT via Multi-Currency accounts locally, then remit their salary to their home countries. Maybe you can secure a more favorable exchange rate compared to auto converting by platform providers. Thus, the solution rather provides an alternative to TransferWise borderless. It is a great way of getting paid by portals automatically.
It is not possible to perform active money transfers. For Freelancers who work in direct relationships with their employees, it is much more beneficial to negotiate getting paid via CompareTransfer.