Why freelancers in Turkey and Nigeria choose Cenoa over Payoneer

The real problem freelancers face in Turkey and Nigeria

Freelancers in Turkey and Nigeria are earning more than ever from global platforms, international clients, and digital exports. But while income is global, fees are local and often painful.

Many freelancers experience:

• High payout and withdrawal fees

• Expensive FX conversion to local currency

• Delayed access to earnings

• Limited support when issues arise

This is exactly why more freelancers in both Turkey and Nigeria are switching to Cenoa.

What actually happens when you get paid $1,000

Let’s start with a simple example based on real comparison data.

$1,000 USD earnings: What you actually receive

• With Cenoa: $990

• With Payoneer: $915

That’s a $75 difference on just $1,000, lost purely to fees.

Over time, these losses compound especially for freelancers with regular monthly income.

Turkey: Real cost comparison on ₺100,000 e-export income

For freelancers and exporters in Turkey, the difference becomes even clearer.

What you take home

• Cenoa: ₺99,010

• Payoneer: ₺91,500

That’s ₺7,510 more in your pocket with Cenoa.

For Turkish freelancers dealing with inflation and FX volatility, keeping more of your income matters.

Nigeria: Why cost efficiency matters even more

In Nigeria, where access to foreign currency and FX efficiency are critical, high fees can severely reduce real earnings.

Freelancers receiving USD income face:

• Multiple layers of conversion

• Expensive FX margins

• Reduced purchasing power

Cenoa’s sub-1% total cost model helps Nigerian freelancers:

• Preserve USD value

• Withdraw locally without excessive losses

• Access funds faster

This is why Nigerian freelancers increasingly choose Cenoa over legacy payout solutions.

Turkey: Why keeping more of your USD earnings matters

In Turkey, where inflation and exchange rate volatility directly impact everyday purchasing power, every percentage lost to fees makes a real difference. Freelancers earning in USD often see their income shrink due to high conversion costs and inefficient payout systems.

Freelancers in Turkey receiving USD income commonly face:

• Forced conversion to TRY at unfavorable rates

• High FX margins on USD-to-TRY withdrawals

• Delays in accessing earnings

• Reduced real income due to compounded fees

Cenoa’s sub-1% total cost model helps Turkish freelancers:

• Preserve the value of their USD earnings

• Withdraw to local Turkish bank accounts without excessive losses

• Access their money within minutes, not days
  
  

That’s why more freelancers in Turkey are switching to Cenoa over legacy payout solutions to protect their income, improve cash flow, and keep more of what they earn.

Why Payoneer costs add up so quickly

The issue is not a single fee it’s stacked fees:

• Receiving fee

• Withdrawal fee

• Local currency conversion fee

According to the Bank for International Settlements, layered cross-border fees are a major reason individuals lose value in international payments.

Cenoa removes these layers by design.

Why Cenoa is built for freelancers in emerging markets

Cenoa is not a generic payment tool. It’s designed specifically for people earning globally and living locally.

Get paid 10x cheaper

With Cenoa, the total end-to-end cost is under 1%, compared to up to 8.5% with traditional alternatives. That difference can mean thousands saved every year.

Withdraw in local currency instantly

No more waiting days for your money.
Cenoa enables local withdrawals within minutes, improving cash flow and peace of mind.

Free US bank account in just 3 minutes

You can open a free US bank account in just 3 minutes using only your ID:

• No company required

• No extra documents

• No monthly or maintenance fees

This is especially valuable for freelancers in Turkey and Nigeria who don’t want complex paperwork.

Powered by Stripe and Lead Bank

Cenoa’s US bank accounts are opened at Lead Bank through Stripe, one of the most trusted payment platforms globally, known for strong security and compliance.

Prompt, real customer support

When payments are your livelihood, support matters. Cenoa offers prompt customer support from real people, not bots, directly through the app or at support@cenoa.com 

Who benefits most from switching to Cenoa?

Cenoa is ideal for:

• Freelancers on global platforms

• Remote workers with international clients

• E-exporters and digital sellers

• Professionals in Turkey and Nigeria earning USD

If you earn regularly, the savings are not small, they’re structural.

Frequently asked questions (FAQs)

1. Why is Cenoa cheaper than Payoneer?
Because Cenoa removes layered fees and offers transparent pricing under 1%.

2. Can I use Cenoa without a company?
Yes, only your ID is required.

3. How fast are local withdrawals?
Withdrawals arrive within minutes.

4. Is Cenoa available in Turkey and Nigeria?
Yes, Cenoa is built for global earners in emerging markets.

5. Are there monthly fees?
No, there are no opening, maintenance, or monthly fees.

6. Is Cenoa secure?
Yes, powered by Stripe and Lead Bank with strong compliance standards.

Conclusion

For freelancers in Turkey and Nigeria, choosing the right payout solution directly impacts income. Real comparisons show that traditional platforms can take up to 8.5% of your earnings, while Cenoa keeps total costs below 1%. With Cenoa, freelancers can open a free US bank account in just 3 minutes using only their ID, get help through prompt customer support from real people, and get paid 10x cheaper than traditional alternatives. That’s why more freelancers are switching to Cenoa and keeping more of what they earn.