In today’s limitless digital world, the Payoneer payment service has helped a lot of users and business experts from over 250 countries, helping them grow with ease and convenient payment services. But one thing still holds down, there are so many people who do not have an intense understanding of what this service is all about. So many users scrolling through the web might have come across this and have wondered What is Payoneer All About? Well, you do not have to worry, as this article contains every amazing detail you need to know!
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Payoneer is a financial platform that provides online payment services and digital money transfers. Customers who become owners of an account are able to send and receive money into their Payoneer e-wallet, through their bank accounts, or through their MasterCard Debit card. This service focuses more on cross border payments and can be operated in over 200 local currencies in the world, and this therefore facilitate the banking network all over the globe to carry out local bank transfers and transactions.
The Payoneer platform simply refers to a payment service that serves business experts, companies, and other customers who want to make payments and receive payments. If you are the type who normally have workers to make payments to you, then this service could just be the best for you.
What You Can Do with This Platform
The Payoneer payment service is a financial service that is headquartered in the US. This service specializes more on easy and convenient online payment and money transfers and receiving within the US and outside the Us. During its existence, it has been able to boast of 5 million users in over 250 countries all over the globe. And with this, the service has been able to perform so many functions that are of great advantage to its users. With Payoneer you can;
Make payments and or transfer money – you send money to other users who make use of the service too. You can do this all for free.
Receive payments and money – you can receive money from other through your Payoneer account. You can withdraw your cash at the ATM or you could choose to transfer the money from your Payoneer account to your bank account, however, this transaction attracts a fee.
Make mass payments – companies and businesses are able to send mass payments to their workers.
Get a virtual US bank account if you want to – you can send money, receive money and operate this account in US dollars. However, funds can also be converted to your local currency in time of purchases and some other transactions.
Make automated payments and more.
This services’ account is mainly operated in US Dollars, and while using it, you get paid in US Dollars but can withdraw in the local currency of your location. So, in this case, this means that conversion fee of currency may apply.
How to Open a Payoneer Account – What Is Payoneer All About
Now the question of “What is Payoneer All About” has been wiped, as you know how the service functions. But having the knowledge about this is not just enough. For you to get started, you have to create your own account. So, if you are interested and want an account of your own, here’s how to apply;
1. Getting Started
Visit the services’ website on www.payoneer.com.
On the page, you will find a “Sign Up” button, click on it.
on the next page, you will be asked to choose if you want to open a company account or an individual account.
if you want to open an individual account, enter your first name, last name, email address, date of birth and click on “NEXT”.
if you want to open a company account, enter the company’s name, type of business entity, the company’s website if you have any, your first and last name, valid email address, date of birth and click on “NEXT”.
2. Contact Details
enter your country.
for an individual account, enter your address.
for a company account, enter your business address.
city of residence and postal code of your location.
phone type – mobile or landline.
enter your mobile number and click on “NEXT”.
3. Security Details
enter a preferred password you can remember
enter a security question and answer
the country you received your ID
choose the type of ID you are using for the application
enter the ID card number and click on “NEXT”.
4. Almost Done
now you have gotten to the final part of your application. Enter your preferred currency. The supported currencies are US Dollars and Euros.
enter the name of your bank.
your account name and number.
your Bank Identifier Code.
agree to the terms and conditions of Payoneer.
agree to the pricing and fees.
click on “SUBMIT”.
How To Log In To Payoneer Account
Before you can carry out so many transactions using your Payoneer account, you have to Log in to your Payoneer account via the official site. here’s how to log in;
go to the Payoneer official site on www.payoneer.com
at the top right side of the page, click on “LOGIN”.
on the next page, enter your Payoneer username and password.
click on “Sign In”.
The Payoneer MasterCard – What Is Payoneer All About
The Payoneer service can be referred to as a revolution in the system of online payment and money transfers. You can sign up for an account and get your own MasterCard debit card. This card is used just like every other normal debit card. It is used to make withdrawals at ATMs and POS terminals, make online and in-store purchases with you paying instantly for your bought items. This is one amazing opportunity you should never miss out on! However, you have to create an account before you can be licensed to own a Payoneer MasterCard. Now here’s how to apply for the card.
Once you have created your Payoneer account, you can access it through www.payoneer.com.
Go to settings and click on “Card management”
Click on Order a Card and follow the on-screen instructions.
You will be prompted to provide your details such as your name, contact number, the address you want the card to be shipped to and click on “Order”.
How to Transfer Money Via Payoneer
Making transfers and sending money via the Payoneer online payment service is absolutely hassle-free. The ways to make payments via Payoneer is either you pay using your Payoneer account or through a payment request. Here’s how to get started.
1. Transfer Money Via Payment Request
By making transfer of funds using the payment request method, the receiver has to send his payment details to the email inbox of the sender. As the sender, you will receive a payment request from your recipient, this request contains the details of his account.
Under the request, will find the payment tab that will refer you to the Payoneer platform and help you complete the payment processes and forward the payment to the recipient. Forthis method, you really do not need a Payoneer account. Here you just have to select your payment method and go through with your payment.
2. Transfer Money via Payoneer Account
Just as the heading implies, you have to use your Payoneer account to Make a Payment. So if you have not created a Payoneer account, you can create one, following the procedures I have listed above.
Once you are done with the creation of your account, you have to also log in to your account with the above log in details. And from here you can make your payment. This method strictly requires an account and there are no two ways about it. So to get started, you have to create your account.
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