Skuad (now Payoneer Workforce Management) pricing: EOR review and terms
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Skuad, now Payoneer Workforce Management (WFM), lists its employer of record (EOR) service from $199 per employee per month, according to its pricing page (checked October 18, 2026). Agent of Record starts at $99 per contractor and contractor management at $19.
That ties RemoFirst for one of the lowest EOR list prices in our research; only Native Teams, from $99, lists lower. The catch: Skuad publishes no deposit, FX or termination terms, and its platform terms let it change plan fees at its sole discretion on 30 days' notice.
Skuad, now called Payoneer Workforce Management, is a Singapore-based employer of record owned by Payoneer that hires workers in 160+ countries through a mix of its own and partner entities, and also pays contractors.
On this page
Skuad at a glance
- EOR price
- from $199per employee per month
- Deposit
- Not publishedreviewers report deposits
- Exit terms
- Not publishedfor EOR
- Our score
- 53/100EOR category
Skuad (Payoneer WFM)
Skuad's $199 floor is about a third of Deel's list price, and it is owned by Payoneer. It loses points because the deposit, FX, termination and minimum-term questions all go unanswered in public, and reviewers report fees above what they agreed.
How the score adds up
- Price25/25
- Hidden costs4/20
- Entity ownership12/20
- Contract terms2/15
- Support7/10
- Complaints record3/10
Scores follow our published scoring method, the same one behind our best EOR rankings.
Skuad is now Payoneer Workforce Management
"Skuad Pte Limited is a Payoneer group company." Payoneer paid $61 million in cash for Skuad, plus up to $10 million tied to performance goals within 18 months and $10 million in restricted stock units, according to a TechCrunch report dated August 7, 2024 that Skuad cites on its blog. The site, help center and review profiles are split across the Skuad, Payoneer WFM and Boundless names, and G2 merges Skuad with Boundless.
Skuad pricing by product
| Product | Price | Includes |
|---|---|---|
| Employer of Record | from $199 per employee | Local contracts, payroll in 70+ currencies, compliance, benefits administration, dedicated account managers |
| Agent of Record | from $99 per contractor | Contract support, misclassification risk support |
| Contractor Management System | from $19 per contractor | Payments in 70+ currencies, invoices, expenses, mobile app |
Source: Skuad pricing page, checked October 18, 2026. Pricing 'may vary based on location, role and local requirements'; volume discounts are mentioned without figures.
For contractor-only teams, compare contractor management prices and contractor of record services.
All-in cost for one employee and for a team
| Team size | Monthly fees | Yearly fees |
|---|---|---|
| 1 employee | $199 | $2,388 |
| 5 employees | $995 | $11,940 |
| 10 employees | $1,990 | $23,880 |
| 25 employees | $4,975 | $59,700 |
Source: Skuad pricing page, checked October 18, 2026. Fees are $199 x headcount; your country may cost more. Deposit, FX, salary and employer costs are not included.
This is a floor, not a quote. Skuad says the price varies by location and role, and reviewers say deposits and fees above the agreed rate appeared later. Get the full monthly invoice for your country in writing before you sign. Employer costs by country are in our EOR employer cost index.
Deposit, FX and contract terms
Skuad's pricing page promises "100% Transparency in fee structure", but these items are not published:
- Deposit: not on the pricing page, homepage or Terms & Conditions (updated March 19, 2026).
- Setup: the homepage shows "Onboarding fee: $0", but terms section 6.2(a) let Skuad decide case by case whether new customers pay part or all of a fee up front.
- FX: no markup is stated. Contractor payments use "forward foreign exchange rates available to Skuad", and Skuad disclaims exchange-rate swings and payment gateway fees.
- Term and notice: no EOR minimum term or client notice period is published. The platform terms say a term ends at the earlier of the underlying contract's length or one year, and Skuad may end the agreement on 30 days' notice.
Section 6.2(c) says "Skuad may modify your Payment Plan fees at any time and in its sole discretion" with 30 days' notice. Late payments carry interest of 2% a year above Skuad's bank overdraft rate, and service can be suspended 5 days after a non-payment notice. Singapore law applies. These read as general platform terms; we found no separate EOR agreement.
Ask for the EOR service agreement itself, and get the deposit, FX method, notice period and a price lock in writing.
Entity model and coverage
Skuad covers 160+ countries. Its FAQ says it uses "own and partner entities", and its pricing page mentions owned entities across APAC, MEA, Europe and the Americas, with no count. Ask which entity will employ your hire. Our employer of record guide explains the difference. Skuad names no security certifications; payments run through The Currency Cloud.
Reviews and complaints
Skuad holds 4.6 from 421 reviews on G2 (a profile merged with Boundless) and 4.0 from only 15 on Trustpilot (both seen October 18, 2026). Skuad has not replied to negative Trustpilot reviews. The complaints below all come from reviews more than a year old, and 15 reviews are too few to show a pattern:
- Fees: unexpected fees and deposits (October 2025), and charges above the agreed rate (November 2024).
- Invoices: errors that took months to fix (November 2024), and breakdowns too thin to check.
- Support: tickets closed without an answer (November 2024).
What works
- EOR from $199, among the lowest list prices in our research
- Payoneer ownership
- Dedicated account managers on every plan
- Cheap contractor plans from $19
Watch out for
- No deposit, FX or exit terms published
- Terms allow fee changes at Skuad's discretion
- Partner mix with no entity count
- Fee and invoice complaints
Who Skuad fits, and who it does not
Skuad fits a cost-driven buyer hiring in Asia-Pacific or the Middle East and Africa who will negotiate a written order with a price lock and deposit terms.
Look elsewhere if you want to compare total cost before a sales call, or need published exit terms.
Skuad vs better-scored rivals
| Provider | EOR list price per month | Deposit rule | Entity claim |
|---|---|---|---|
| Skuad | from $199 | Not published | Own and partner entities |
| Rivermate | $319 to $639 | Months of fees + 1 month's fee | 38 owned entities |
| Playroll | from $399 | One month's salary, refundable | No claim found |
| Multiplier | $459 annual or $499 monthly | Formula published, no amount | Owned in 160+ countries |
| Remote | from $599 | Waived for startups; otherwise not stated | Owned in 90+ countries |
Sources: vendor pricing pages, checked October 16, 2026 (Skuad October 18, 2026).
Every rival here costs more on paper, but each publishes more of its terms. Rivermate lets you leave on 30 days' notice. Playroll states its deposit. Multiplier scores 79 and claims owned entities everywhere. Remote waives the deposit for startups. See all prices in our EOR price comparison.
How Skuad scores
Skuad scores 53/100 on our EOR method. The $199 floor earns full price points; almost nothing else about cost or exit is published, which costs it most of the hidden-cost and contract points. For context, Multiplier scores 79 and Oyster 64. The rules are in how we score providers.
| Criterion | Points | Why |
|---|---|---|
| Price per employee | 25 of 25 | Publishes EOR from $199 per employee per month, in the $299 or less band (25); Native Teams lists lower, from $99. |
| Hidden costs disclosed | 4 of 20 | Deposit is not published (0); FX appears only as contractor payments at 'forward foreign exchange rates available to Skuad' (1); termination fees are not published (0); the homepage shows a $0 onboarding fee but the terms allow up-front fees case by case (3). |
| Entity ownership and country coverage | 12 of 20 | Says it uses 'own and partner entities' with no count (4); 160+ countries (8). |
| Contract terms | 2 of 15 | No minimum term published for EOR (0); no client notice period published (0); the platform terms let Skuad change plan fees at its sole discretion on 30 days' notice (2). |
| Support and compliance help | 7 of 10 | 24x5 dedicated support (4) and dedicated account managers (3). |
| Documented complaint patterns | 3 of 10 | Trustpilot 4.0 from only 15 reviews (1 of 4); hidden fees and deposits, charges above the agreed rate and closed tickets are documented, but the small sample holds the theme part at the default 2 of 6. |
| Total | 53 of 100 |
Source: HRPricing EOR scores, from research gathered October 18, 2026.
Our verdict
Bottom line: Skuad scores 53/100. $199 is among the lowest EOR list prices we have found, and Payoneer owns the business. Treat it as an opening offer: get the deposit, FX method, notice period and a price lock written into your order before the first hire.
Frequently asked questions
How much does Skuad cost?
What is Payoneer Workforce Management?
Does Skuad charge a deposit?
Can Skuad change its prices?
Does Skuad own its entities?
Sources (12)
- Skuad / Payoneer WFM: Pricing (checked Oct 18, 2026)
- Skuad / Payoneer WFM: Homepage (checked Oct 18, 2026)
- Skuad / Payoneer WFM: Terms & Conditions (last updated Mar 19, 2026) (checked Oct 18, 2026)
- Skuad / Payoneer WFM: Skuad joins Payoneer (checked Oct 18, 2026)
- Trustpilot: Payoneer WFM (formerly Skuad) reviews (seen Oct 18, 2026)
- G2: Payoneer Workforce Management (formerly Skuad + Boundless) reviews (seen Oct 18, 2026)
- Rivermate: Pricing (checked Oct 16, 2026)
- Playroll: Pricing (checked Oct 16, 2026)
- Multiplier: Pricing (checked Oct 16, 2026)
- Remote: Pricing (checked Oct 16, 2026)
- Deel: Pricing (checked Oct 16, 2026)
- Native Teams: Pricing (checked Oct 18, 2026)
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