If you are making money online, you will likely need to know how to use Payoneer. There will likely be receiving a lot of payments from abroad and you will need to have at least one global payment system. Payoneer is one of the major global payment systems in the world, along with PayPal.
If you make money with Amazon as an Amazon Associate, Payoneer is a must as it is the only online method of payment tat Amazon offers. Many other companies use Payoneer as a payment method and it is always good to have an account as an additional option to get paid.
In this guide I will detail out how to set up a Payoneer account and how to draw money from it.
How To Use Payoneer
In this guide I will explain to you how to set up a Payoneer account in no time. Having a Payoneer account will allow you to set up an Amazon account from anywhere in the world and get paid commissions.
Signup For Payoneer
The first thing for you to is to click this link will take you to payoneer’s website. The first step is to decide whether you will be signing up as an individual or as a company. In order to register for Payoneer you have to be at least 18 years old.
Once you have chosen how to sign up, you will have to fill in your personal details. These include your email address and phone number. Be sure to use a number that you can be reached on because it will be used for verification in the later stages. When you have the details entered, click next and you will be taken to the next section for security details.
In this step you enter your security details, which are your user name and the entering and confirmation of your password. You must also enter a security question and answer that will be used in the event that you need to reset your password.
The answer to the security question must be something that you will always remember as it is the last resort in regaining access to your account. In the sign up process, you will only be requested to create one security question, but you will need three in total to start using Payoneer. After you have completed this page, click next again.
Setting Up Banking Details
In the final stage Payoneer just need proof of who you are. Click on the dropdown menu and choose which kind of proof you want to provide. Similarly, to opening a bank account, they need to know who you are before they let you open an account.
Go ahead and choose the type and then fill out the details on your identification such the ID Passport Number and Issue date. Thereafter, click check the three boxes to agree to the terms and the order button will become clickable and you can click order.
If you want your Payoneer details to go to an address that different to the one that you have already given, then click on the box that says “enter alternative shipping address”. And it’s as simple as that. Once you receive your bank account information.
To verify your Payoneer Account, all you have to do is go to your email inbox and click the link in the email that Payoneer has sent to you. After this is done, you will be able to login to you PayPal account.
Once in your account, you must set up two more security questions. It will take a few business days for Payoneer to review your account and once that is done. you can transact.
You will now be able to receive money into your Payoneer account, and then send money from your Payoneer account to your local bank account.
How To Withdraw From Payoneer To Your Bank Account
1: Login to your Payoneer Account
Login to your account and in the interface, click on “Withdraw”. A drop down menu will appear. Click on “To Bank account”.
2: Choose Bank Account To Withdraw To
If you have set up an account already, choose the currency that you want to draw from.
If you have not set up your account you will see a screen with an option to add a new account. Click on that button and enter the required information to set up your bank account.
3: Withdrawal Amount
Select that account that you want to withdraw to and choose the amount. With a dollar account, the minimum withdrawal amount is $200 and the maximum is $1000.
4: Withdrawal Completion
The last step is complete the transaction by confirming the details and then withdrawing. To check that all details are alright, you can click on review.
If all is wall, check the box to confirm the withdrawal details and then click on “Withdraw”. The process is not complete.
You will receive confirmation of the withdrawal request and your money will take 3-5 days to clear an reach your account.
You can also draw your money through the debit card if you have one. Payoneer card is a MasterCard debit card and is accepted anwhere Master Card is accepted. You can use it to make purchases or to withdraw at an ATM.
Withdrawal to the Payoneer card is the same as withdrawing to a bank account. The only difference is that instead of drawing to a bank account in the second step, you draw to the card.
The card is not linked to your account so if you lose the card, you will only lose what you have withdrawn to it. Any other funds remain safe in your account, which is a nice benefit.
If you want the card, you can order it after your account has been set up. It will come at a fee and delivery will take around 2 weeks for delivery.
To find out about the fees attached to ordering the card and transacting with it, you can read through the information on the fees page.