You may be wondering if Payoneer is a safe and secure payment service to use. The answer is YES! With the help of this online payment service, people and companies can receive and send money in all major currencies. It is situated in New York and was established in 2005. Your personal and financial information is protected by encryption and other security methods used by Payoneer. It is governed by financial regulators in the United States and Europe. You can get paid from many different places using Payoneer, including clients, consumers, and marketplaces like Amazon, eBay, and Upwork. Also, you can get paid by other Payoneer users. Users can transfer money from their Payoneer account to a card or bank account to make a withdrawal. Your Payoneer card can also be used to make purchases online or in-person, as well as cash withdrawals from ATMs.
You must first register for a Payoneer account on the website before using the service. After setting up an account, you can start receiving payments from the markets, clients, and consumers you deal with. Also, you can withdraw money to your bank account or credit card from Payoneer and send payments to other users, however, it has costs linked with it. Depending on the kind of transaction you’re doing, the currency used, and the payment method you’re using, different costs apply. On the Payoneer website, you can see the prices.
Opening a Payoneer Account
To create a Payoneer account, you must visit their website and click the “Sign Up” button to create an account. You must have the following documents before beginning the process – bank account, branch code, National Id, Driver’s License or Passport, Email, Phone number, and current mailing address. The registration procedure is broken down into FOUR sections: Getting Started, Contact Details, Security Details, and Almost Done.
Getting Started
You must choose Individual in this part, then fill in the forms for First name, Last name, Email, Re-enter Email, and Date of Birth. Click the NEXT button when done.
Contact Details
Your country, address line 1 and line 2 (optional), city, postal or ZIP code, and phone number should all be entered in the contact area. Proceed when finished.
Security Details
The fields Username, Password, Confirm Password, Security Question, Security Answer, Issuing Country of ID, ID Type, and ID Number must be completed. When done, click the NEXT button. Ensure that you pick a password that is both secure and easy to remember. You must also write down your security question and response. When contacting Payoneer Customer Help with any inquiries or issues, you will need this information.
Almost Done
Your bank account type, bank country, currency, bank name, account name, account number, branch code + bank code, and account type must all be entered in this section. You can tick the boxes in the Terms and Conditions, Electronic Disclosure, Privacy Policy, and Pricing and Fees sections while viewing the data. When finished, press the SUBMIT button.
Benefits of Using Payoneer
- Worldwide payments: Payoneer makes it simple to conduct business internationally by enabling you to accept and send payments in a variety of currencies.
- Reduced fees: Payoneer is a cost-effective way to transmit and receive payments because its fees are typically lower than those of traditional banks and other payment systems.
- Numerous payment alternatives: Payoneer gives you freedom in how you receive payments by offering a number of payment options, such as bank transfers, credit card payments, and e-checks.
- Integration with well-known markets: Payoneer has integrations with a number of well-known marketplaces, such as Amazon, eBay, and Upwork, making it simpler to get paid from these sites.
- Faster Payments: Payoneer offers quick and secure payment processing, and many transactions are completed in under a day.
- Access to a Payoneer Mastercard: Payoneer provides a prepaid Mastercard that may be used to make online or in-person transactions as well as cash withdrawals from ATMs.
- Committed customer service: Payoneer offers phone, email, and live chat support 24 hours a day, 7 days a week, so you can get assistance whenever you need it.
FREQUENTLY ASKED QUESTIONS
How soon after I submit my application will I receive the Payoneer card?
First, the application needs to be authorized. After then, depending on the time, it may take 2 to 4 weeks to obtain your card. Contact support if it takes longer than that.
Is the card accepted at POSs and ATMs?
You can, indeed. Please be aware that different fees apply to depend on the ATM you use (NCB, Scotiabank, etc.). Moreover, some ATMs let you withdraw US cash.
How can I connect my bank account to the Payoneer card?
The banking details submitted for the Nearly Done part of the application process link that bank account to your card. Go into their website, go to Settings, click on Bank Accounts, click on Add Bank Account, and then do the appropriate actions to add more bank accounts.
Is there a mobile app available?
You can manage your account, monitor your transactions, and make payments on the move using the Payoneer mobile app. The app is available for iOS and Android smartphones.
