How To Open A Payoneer Account
Payoneer is one of the most widely used online payment platforms on the internet. Freelancers and individuals rely on it to receive payments, shop online, and transfer money. Much of that comes down to the trust and security Payoneer has built since it was founded in 2005. In this article we explain what Payoneer is, how to use it, how to register, and how to get and withdraw funds with its prepaid card. You may also want to read about Skrill E-Wallet.
What is Payoneer?
Payoneer is a financial services company founded in 2005. Its headquarters are in New York, and it has offices in several countries around the world, including the United Kingdom, Japan, Canada, China, Australia, and parts of Europe. More than 4 million customers use its services each year to send and receive money easily. Payoneer also offers a prepaid card that you can use to withdraw cash from an ATM.
Opening a Payoneer account
First, you need to go to the company’s website from here. The registration page will open, as shown below.
On the screen above, you choose the type of account you want. The first box asks about the nature of your work: whether you are a freelancer, a seller, or a company. Here we selected freelancer. The second box asks what you want to do with the account: receive money from companies or freelance marketplaces, or pay service providers. Here we chose to receive payments. You can pick whatever answer fits you; this is just an example to keep the guide simple.
After that, the next page opens.
The screen above describes the benefits you get when you register. Click the Register button to continue, and the next page opens.
Here you choose the account type, individual or company, then enter your personal details: name, email, and date of birth. Then click Continue, and the next page opens.
On this page you enter the rest of your details, such as your address, postal code, and phone number. After entering your phone number and pressing send code, you will get a text message with a confirmation code, which you type into the required box. Then click Continue, and the next page opens.
On the previous page, you set the password you want and confirm it again, then choose a security question and type its answer, then select your country. Next you choose the verification type — national ID, driver’s license, or passport — and enter its number. Then type your first name exactly as it appears on the verification document, along with your family name, and finally enter the verification code shown at the bottom, and click Continue.
After that, the next page opens.
On the previous page you enter your bank account details. First choose the country, then the account currency, then the bank where the account is held, then the account holder’s name, then the international bank code (IBAN) — you can contact your bank to get it. After that, click Send.
Your account is now created and awaiting review by Payoneer. You will get an email letting you know. A reply usually takes one to three business days, and you may be asked to send a scanned copy of the identity verification document whose details you entered earlier.
Note: for the document to be accepted, you should scan your verification card or photograph it with a high-quality camera.
How to request a Payoneer card
After you finish registering, you again wait for an email reply about whether the account was opened or there is a problem. If the reply is an approval, go to the login page to sign in.
Enter your account details, then go to the Settings option at the top, choose the Payoneer card, click Order a card, and confirm the request again to get the card.
Then wait for your request to be approved. You will get a reply by email; if approved, it will tell you the card has been issued and shipped to your address, and it will send a shipment tracking link.
Note: cards used to be issued for free, but under the latest update to the bank’s rules you must have $30, or the equivalent in another currency, in your account.
The bank accounts Payoneer provides
Payoneer gives you a number of real bank accounts in different currencies, such as the euro, the US dollar, and the British pound. See the image below.
In the image above you will notice three currencies, each with its own linked account. When you click one, the account details appear, as shown below.
The image above shows the details of a real bank account in Germany.
Note: you may be asked to send a copy of your ID to confirm the account before you can transfer from Payoneer to a bank account.
Payoneer fees
Like any other online bank, there are fees for using a Payoneer account. These fees vary from one country to another and depend on the service provided. You can review all of Payoneer’s fees here.
Frequently Asked Questions
Can you open a Payoneer account without a bank account?
Yes. You can open a Payoneer account without a bank account by using a credit card or a prepaid card to load funds onto your Payoneer balance. Payoneer is flexible in receiving and transferring money across different countries, which makes it a popular choice for people who do not have overseas bank accounts.
Keep in mind that there are fees for loading and transferring funds. These fees vary by country, transaction, and payment method, so you should check the current fee information for financial services in each country.
How do I get a Payoneer card?
To get a Payoneer card, follow these steps:
- Sign in to your Payoneer account on the official website.
- Go to the main menu and choose “Order a MasterCard”.
- Fill in the request form with the required personal details, shipping information, and home address.
- Confirm the address you provided by sending a document such as an electricity bill, phone bill, or bank statement.
- Wait for the card to arrive by mail, which usually takes 2–3 weeks.
Note that the card is only available to people who use Payoneer’s services to receive payments. The card is free for users, and its usage costs are charged from any balance transferred to the linked account.
How much does a Payoneer card cost?
Payoneer offers Mastercard cards at different prices, and the cost varies by country. There are issuing and shipping fees, and there may be extra fees for cash withdrawals or international use. In general, you should expect to pay a total of between $9 and $29 to get a Payoneer card, with the cost depending on the country and the currency used. You can find more details about the card’s fees by registering on Payoneer’s payment portal and browsing the information and prices.
Which banks work with Payoneer?
Payoneer is a global payment company that works with many banks, including:
- First Century Bank
- Bank of America
- Community Federal Savings Bank
- Metropolitan Commercial Bank
- Sterling National Bank
- Choice Bank
- Silvergate Bank
- First Home Bank
- Wells Fargo Bank
- TransferWise — not a bank but another payment service
You can visit the Payoneer website for more information about its partner banks.
[AFF-CTA: pending]
التعليقات مغلقة.