Best Payoneer betting sites for 2021

Payoneer has established itself as a premium online payment provider. Core audiences are business owners, freelancers and service marketplaces. What makes it different from other online payment providers? Immediate payment solutions, the 200+ countries it’s available in and the possibility to transfer in over 150 currencies.

Payoneer prohibits gambling transactions and is a B2B solution, so it could be hard to find any Payoneer betting sites. However, if you opt to use it for small deposits, they could go through, without any hassle. This guide will provide you with Payoneer’s pros and cons, plus the best alternatives for betting. 

In this guide we will provide you: 

  • The best Payoneer betting sites
  • The pros and cons of betting with Payoneer
  • How to open a Payoneer account and make a betting deposit

Best Payoneer Bookmakers

Since Payoneer cannot be used to make gambling transactions, there are not any Payoneer bookmakers that accept this payment option. You should look at other methods to get high-quality welcome offers, including free bets and matched deposits.

How can I bet on Payoneer betting sites?

Payoneer betting sitesTo register for a Payoneer account, you need to do the following.

  • After choosing ‘Register’ on the homepage, fill out the relevant details and pass a security check. 
  • Deposit money into your account. 
  • Go to your chosen betting site. 
  • On the bookmaker’s website, go to your account. Select ‘Mastercard’ when choosing a deposit method.
  • Confirm payment. 
  • If the payment is accepted, your funds should appear in your account soon after. 

Remember that if your transaction goes through, Payoneer may block your account as they prohibit gambling payments. 

Alternatives for Payoneer bookmakers

Wallets like Skrill and Neteller are both friendlier options for depositing with Payoneer bookmakers. You will be able to benefit from reward schemes, as well as multi-currency depositing and fast, secure payments. 

Other fintech alternatives may also take your eye if you want to bet. Outside the UK, N26 is an option (though gambling transactions are charged at 3%). Revolut is also a non-UK possibility, while residents in Britain might look at Monzo instead. Transferwise is another possible alternative. However, like Payoneer, it is unaccommodating towards gambling transactions. 

Pros of betting with Payoneer

Betting with Payoneer is a challenge, but having an account does come with a few positives. You will find the most important ones below. 

Strong global presence: Payoneer is present in over 200 countries worldwide, with 4 million+ customers. 

Free payments between Payoneer accounts: When transferring from your Payoneer account to another, you will not pay any extra fees. 

Reasonable currency exchange fees: Currency exchange costs up to 2% if you transfer to your local bank account, or $/£/€1.50 when moving money within the same country. 

Worldwide fast payments: Payoneer processes payments within 0-3 business days. 

Cons of betting with Payoneer

Betting with Payoneer is complicated and has numerous drawbacks. Three big cons of using a Payoneer account are listed right below. 

❌ Gambling transactions prohibition: According to the company’s terms and conditions, betting with Payoneer is forbidden. Therefore, attempted deposits to bookmakers will either be rejected or could lead to an account suspension.

❌ Several additional fees: Payoneer’s fees include transferring to bank accounts, whether local or abroad, and having to pay a percentage on all payments to non-Payoneer accounts. If you use Payoneer regularly, you may find it less cost-effective than other payment methods. 

❌ Limited currency conversion options: Payoneer only enables currency conversion if the money arrives into a Payoneer account or business-related transactions and payments. It's less of a viable payment option for non-business owners.

More information for your Payoneer account

There are two main Payoneer account types. The first is a business or company account, which is suitable for freelancers, small business owners and companies at a higher level too. Account-holders can accept international payments and also pay others - whether they are a Payoneer partner or not. 

The other type is a personal account, which only requires personal details to set up. Payoneer business/company account holders can open a personal account if they wish to, while personal account-holders can open a business account if they supply the relevant necessary documentation.

What about the Payoneer fees?

payoneer feesThere are multiple Payoneer fees to be aware of, which can add up fast for regular users. Payoneer charges 2% for all transactions to a local bank account while transferring to a bank account in the same currency costs $/£/€1.50.

There is also a $29.95 annual fee for obtaining a Payoneer Mastercard, though you can choose whether or not you want one. Cross-border payments and currency conversion can cost up to 3.5% of the transaction’s value, while there are fees involved for both withdrawing at ATMs and if your card is declined at one of these.

Payoneer app and mobile betting

payoneer appThe Payoneer app is free and available on both iOS and Android devices. It’s available in dozens of languages and allows members to see an overview of their account. On top of this, account holders can also visit the payment history and view the current account balance in multiple currencies. The service is available 24/7. 

Verdict on betting with Payoneer by Book Spy

Payoneer spyPayoneer is one of the first companies in the ‘field’ of online payments. With over 4 million customers, there are many reasons why someone would use it. Fast payments from all around the world and currency plurality are some of them. 

Nevertheless, the fact that you cannot use Payoneer for betting or gambling is insurmountable. Moreover, it has many fees that can add up quickly. Betting with Payoneer is challenging and the only way to accomplish that is to connect your Payoneer account with a Skrill or a Neteller account to your favorite bookmaker but you will probably see your Payoneer account to be suspended because the company does not allow using it for gambling purposes. Therefore, I have to recommend more betting friendly and direct methods such as Skrill and Neteller or Crypto.

Complete list of bookmakers with Payoneer

Q: What is Payoneer and how it works?

Payoneer is an online payment method targeted at freelancers and other business owners looking to process international payments. Users can receive payments via the service, as well as create invoices.

Q: Does Payoneer have a banking license?

Yes. Payoneer has licenses in the EU, Japan, Australia, Hong Kong and other jurisdictions.

Q: Can I bet with Payoneer?

No – it’s against the company’s terms and conditions to bet with Payoneer. Attempted gambling transactions may go through, but your account might then be blocked.

Q: How do I sign up with Payoneer?

On either the Payoneer website or mobile app, choose the ‘register’ option and fill out the details about who you are and why you need an account.

Q: What is the difference between Payoneer and PayPal?

PayPal offers lower transaction fees, while there is no minimum monthly payment; Payoneer accounts must have a minimum of $20,000 per month. PayPal is also directed towards both consumers and business owners, whereas Payoneer is more of a B2B solution.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from regarding betting promotions, betting guides and news.


Formed in 2015, Monese is one of the UK’s first mobile-only banking services. Since being founded, the company has built a solid reputation as a relia...

Read more »

Apple Pay is an online wallet created in 2014 by Apple Inc. and a new entry in the betting industry. Players can connect a credit/debit card or bank a...

Read more »

Trustly is an online open banking system founded in Sweden in 2008 and currently operates in 29 countries. Most betting sites in Scandinavia, Germany ...

Read more »

WebMoney is a Russian company that belongs to WM Transfer Ltd. and was established in 1998. An online payment method that operates in over 40 countrie...

Read more »

Digital banking grows in popularity every day. N26 is an example of this, offering most of the same features as a traditional bank in a more user-frie...

Read more »

Fintech banks have become some of the most iconic signs of an ever-digitizing world. TransferWise is at the forefront of this wave, competing equally ...

Read more »

EcoPayz is a global wallet specializing in online gambling that allows you to deposit and withdraw money safely, quickly, and conveniently. Players va...

Read more »

With cryptocurrency and Bitcoin specifically rising in popularity, it was only a matter of time before clones or copycats emerged. In film, TV and med...

Read more »

Mastercard is one of the biggest payment providers worldwide, and has paired up with bookmakers since the beginning of online betting. Mastercard bett...

Read more »

From the beginning of the online gambling industry, Neteller played a prominent role in shaping the way payments went through. A wide presence on book...

Read more »

  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
  • Few country restrictions
  • 35+ sports
  • High odds on secondary bets
100% up to $100
  • More than 1,000 live events/day
  • 150+ markets in football
  • 40,000+ events/month
100% up to €100
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
100% up to $250
  • Few country restrictions
  • 30+ sports
  • Asian Handicaps
  • Code:bookmakers
120% up to $100
  • 20.000+ live events per month
  • 95%+ on Top 5 leagues and NBA
  • Alternative handicaps on basketball
150% up to €150
  • 30+ sports
  • Asian Handicaps
  • Card and Corner bets
  • Code:ZB100S
100% up to €100
LeoVegas Sports
  • High average payout of 95% +
  • Best odds guaranteed on UK & Irish horse races
  • Live streaming feature
High Odds
Mr Sloty Sports
  • Few country restrictions
  • 30+ sports
  • Multiview Feature
  • Code:WSPORT501
50% up to $100
Royal Oak Sports
  • Few country restrictions
  • 30+ sports
  • Asian Handicaps
100% up to $100
  • Few country restrictions
  • 1,000+ pre match events daily
  • 400+ football markets
100% up to $500
  • Few country restrictions
  • 30+ sports
  • Card & Corner Bets
  • Code:BMSB180WB
100% up to €180
  • 35+ sports
  • Cards & Corners
  • 20+ Payment Options
100% up to €250
  • Few country restrictions
  • 15+ years of experience
  • Fast Markets
VIP Rewards