How to Make or Receive Payment with Payoneer in 2023

22 Likes Comment

Payoneer is a global payment service that allows you to send and receive money from anywhere in the world.

With Payoneer, you can receive payments from clients, marketplaces, and companies in over 200 countries.

In this blog post, we will discuss how to send and receive payments with Payoneer, step-by-step.

How to Make Payment with Payoneer

Step 1: Sign Up for Payoneer

To receive payments with Payoneer, you need to sign up for an account. Signing up is free and easy, and you can do it in a few simple steps.

Step 2: Add Funds to Your Payoneer Account

To make a payment with Payoneer, you need to have funds in your account.

You can add fund from your local bank by connecting your bank card (mastercard or visa) to Payoneer.

Once you have added funds to your account, you can use them to make payments to other Payoneer users or to pay for goods and services online.

Step 3: Navigate to the “Make a Payment” Tab

To make a payment with Payoneer, log in to your account and navigate to the “Make a Payment” tab.

Here, you will be able to select the recipient of your payment and enter the amount you wish to send.

Step 4: Enter Payment Details

To complete the payment, you will need to provide some additional details, including the recipient’s email address or Payoneer ID, the purpose of the payment, and any reference or invoice number.

You can also add a message to the recipient if you wish.

Step 5: Review and Confirm the Payment

Before you submit the payment, review the details to ensure they are accurate. Once you are satisfied, click on the “Submit” button to initiate the payment.

Payoneer will then process the payment and send a confirmation to both you and the recipient.

Step 6: Receive Payment Confirmation

Once the payment has been processed, you will receive a confirmation email from Payoneer. The recipient will also receive a notification that the payment has been received.

How to Receive Payment with Payoneer

Step 1: Create a Payoneer Account

Before you can received payment with Payoneer, you must have an account. If you don’t have one already you can follow steps here to open Payoneer account.

Step 2: Connect to Your Payment Source

To receive payments with Payoneer, you need to connect to your payment source, which could be a marketplace, a client, or a company.

The process for connecting to your payment source will vary depending on the platform you’re using.

For example, if you’re receiving payments from a marketplace like Amazon or eBay, you need to connect your Payoneer account to your marketplace account.

This process involves entering your Payoneer account details in the payment settings of your marketplace account.

Step 3: Wait for Payment Approval

Once you’ve connected your Payoneer account to your payment source, you need to wait for payment approval.

This process can take anywhere from a few hours to several days, depending on the payment source and the payment method.

Step 4: Receive Payment

Once your payment has been approved, you will receive the payment in your Payoneer account.

You can then transfer the funds to your bank account or use your Payoneer Mastercard to withdraw cash at an ATM.

Step 5: Fees and Charges

Payoneer charges a fee for receiving payments, which varies depending on the payment source and the payment method. The fee can range from 1% to 3% of the payment amount.

In addition to the receiving fees, Payoneer also charges fees for other services, such as ATM withdrawals and currency conversions.

Make sure to read the Payoneer fee schedule to understand the costs associated with using the service.

Step 6: Security and Fraud Protection

Payoneer takes security and fraud protection seriously. The company uses advanced encryption technology to protect your account details and transactions.

In addition, Payoneer has a team of security experts who monitor transactions for suspicious activity.

If you suspect fraudulent activity on your account, you should contact Payoneer immediately to report the issue and take appropriate action to protect your account.

Tips for Making Payments with Payoneer

  • Always ensure that you have sufficient funds in your Payoneer account before initiating a payment.
  • Double-check the recipient’s details to avoid sending the payment to the wrong person.
  • If you are unsure about any aspect of the payment process, contact Payoneer support for assistance.
  • Be aware of the fees associated with using Payoneer for payments, as these can vary depending on the type of transaction and the location of the recipient.

Conclusion

Overall, Payoneer is a convenient and secure payment service that allows you to receive and make payments from anywhere and to anyone in the world.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

You might like

About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

Leave a Reply

Your email address will not be published. Required fields are marked *

Copying of this content disabled