Payoneer is a digital payment platform that allows freelancers in Panama to receive payments from clients worldwide. By creating a Payoneer account, you can receive payments in USD, withdraw them to your local bank account, or use a Payoneer prepaid card for transactions.

To set up a Payoneer account in Panama, visit the Payoneer website and complete the registration process by providing your personal information and linking your bank account. You may need to verify your identity and provide additional documents, like a national ID or proof of address.

Payoneer charges various fees, including a 3% fee for receiving payments from clients and a withdrawal fee of around $1.50 when transferring funds to a local bank in Panama. It's essential to review the fee structure on Payoneer's website to understand all potential costs.

While Payoneer primarily facilitates international payments, you can use the funds in your Payoneer account to pay for local services, such as freelancers or contractors. However, most local businesses may not accept Payoneer directly, so converting to cash or using the prepaid card may be necessary.