Payoneer is the preferred online money transfer option for many Freelancers, web entrepreneurs and everyday people looking for a reliable o...
Payoneer is the preferred online money transfer option for many Freelancers, web entrepreneurs and everyday people looking for a reliable online financial account for collecting earnings, and purchasing products online.
If you’re thinking of applying for a Payoneer, you probably have a ton of questions related to the application process, fees and so on. I have compiled here some frequently asked questions (FAQs) related to Payoneer sign up, related fees and other general queries.
HOW DO I APPLY FOR MY PAYONEER ACCOUNT? Just go to Payoneer sign up page and then fill out the online application. Basically the sign up process is similar to any other website. However, to get approved you’ll need proper legal documentation i.e. a scanned copy of your valid government ID.
WHAT ARE THE REQUIREMENTS TO GET MY PAYONEER ACCOUNT APPROVED? To qualify for Payoneer, you will have to be over the age of 18 and you need a valid scanned copy of a government id or passport. If you use your Passport, make sure that its date hasn’t expired.
DO I NEED A BANK ACCOUNT FOR PAYONEEER? No. Your government ID will be sufficient for the verification and activation of Payoneer. To make sure that your Payoneer application gets approved make sure you use your exact full name for your Payoneer account as on your citizenship certificate or passport.
IS IT POSSIBLE TO TRANSFER MONEY FROM PAYONEER ACCOUNT TO MY LOCAL BANK ACCOUNT? Yes. You can use Payoneer’s local bank transfer service which allows you to add your local bank account to your Payoneer account. After your bank is successfully added, you can start sending or crediting funds directly to your local bank. Recently Payoneer has also added this service for India- now freelancers and other users in India can transfer their earnings directly from Payoneer to Indian bank account (Sign up for Payoneer.). The money will be deposited in your local currency but you can also choose to send USD if you have a USD account.
IS PAYONEER AVAILABLE IN MY COUNTRY? Payoneer is available in many countries. Some Payoneer available countries include Afghanistan, Argentina, Australia, Bangladesh, Austria, Belgium, Bhutan, Brazil, Cambodia, China, Denmark, Egypt, Ethiopia, Fiji, Finland, France, Ghana, Greece, Guam, Haiti, Hong Kong, Hungary, India, Italy, Kenya, Korea, Nepal, Malaysia, Mexico, Mongolia, Morocco, Netherlands, New Zealand, Pakistan, Philippines, Norway, Qatar, Romania, Singapore, South Africa, Sri Lanka, Taiwan, Thailand, Russia, Turkey, UK, Uruguay, Vietnam, Yeman, Zimbabwe etc. Check: Payoneer supported Countries. If if your country is not in the list of approved countries, you may still be able to sign up for Payoneer to collect earnings and then transfer the funds directly to your bank account.
IS PAYONEER A CREDIT CARD? No. It’s a prepaid Debit card which means you will only be able to withdraw funds available in your account.
HOW MUCH DOES IT COST TO GET PAYONEER? The application process doesn’t cost anything- i.e. you can apply and get your card for free. But in order to activate your Payoneer you’ll have to load money into your card. You will be charged an activation fee and a yearly card Maintenance fee. So, make sure you have enough funds to cover these fees.
CAN I USE PAYONEER TO WITHDRAW FUNDS FROM WEBSITES LIKE FREELANCER, UPWORK, ELANCE, AMAZON, PAYPAL, CJ AFFILIATE, INFOLINKS AND SO ON? Yes. Payoneer’s US payment service let’s you withdraw money from thousands of famous companies worldwide including freelance marketplaces, online retailers and affiliate businesses. Besides withdrawing earnings you can use the MasterCard to purchase products and services from the internet.
Payoneer can also be linked with these freelance job sites: 99designs, Coroflot, Designcrowd, Dice, Jsninja Jobs, GetACoder, ProgrammerMeetDesigner, Project4Hire, PeoplePerHour, Fiverr
Sellers and affiliates on these marketplaces can also use Payoneer to receive payments: Gettyimages, Linio, SunFrog, Lazada, ArtFire, Bonanza, CQ out, eBid, eCRATER, iOffer, NewEgg, Onlineauction.com, Swap.com, TaoBao, TIAS, uBID.com, Webstore, Webidz, Envato
CAN I USE PAYONEER TO PURCHASE HOSTING AND DOMAIN PLANS? Yes, you can use the MasterCard for online purchase. The MasterCard is supported by almost all the major websites including Hostgator, Bluehost, GoDaddy, Namecheap and so on. You can also use Payoneers as a payment method on Amazon, Ebay, NewEgg, DealExtreme, BestBuy, Walmart and so on.
HOW LONG DOES IT TAKE TO RECEIVE THE PAYONEER? Once you have properly filled out the Payoneer Sign Up application form online, Payoneer ill verify and authenticate your identity. For each successful completion of the application steps, you will receive a notification email. Once your application is approved, your personal Payoneer is manufactured, and receiving it can take up to 12 business days if you live within US, or up to 28 days if you reside outside US- but mostly it takes about three weeks.
WHAT IS THE FEE FOR SHIPPING PAYONEER? Payoneer doesn’t charge you for shipping. It’s totally FREE. If you have entered correct mailing address (street location, zipcode, PO BOX etc), the card should reach your local post office or your home if you have a post box there. Sometimes the local postal system may cause additional delays.
If you don’t want to wait too long, you can receive the card via expedited shipping through services like FedEx and DHL. However, this will cost you extra charge. If you want to use expedite shipping you can contact Payoneer customer support for the instructions.
I’VE RECEIVED MY PAYONEER. WHAT NEXT? Open the envelop and carefully pull out the MasterCard from the paper to which it is attached. Keep the Payoneer document safe because it has instructions for what to do if your card gets lost or damaged.
Now, login to your Payoneer account, go to My Account >> Activate Card. Enter your MasterCard number and enter a new 4 digit pin code that you will use to withdraw cash from your local ATM. Keep this Pin Code saved in your computer or write it down In a paper and put it in your safe. You can change the pin code anytime by logging into your account.
WHAT IS THE FEE FOR ACTIVATING A PAYONEER? To activate your Payoneer you need to have enough funds in your account to cover the yearly maintenance fee. $30 is the recommended balance.
WHAT ARE THE FEES ASSOCIATED WITH PAYONEER? Payoneer has various fees– Yearly Card Maintenance Fees, ATM fees and Immediate load. If you have already signed up for Payoneer, you can check your fees in the fees section of your account.
HOW FAST CAN I LOAD MONEY INTO MY MASTERCARD? You have two options to load money- “Standard load” and “Immediate load”. Standard load takes two business days to load money into your MasterCard. Immediate load carries some fee but you will get the funds loaded on the same day within minutes or hours.
WILL PAYONEER WORK IN MY LOCAL ATM? Check your locl bank ATMs for the MasterCard logo. All ATMs with MasterCard logos should accept the Payoneer and allow you to withdraw cash from it.
HOW CAN I MINIMIZE FEES PAYONEER FEES? Because you will be charged certain fee each time you withdraw cash from an ATM, choose an ATM that has the maximum withdrawal limit. For example- One bank might have $100 limit per transaction others may give you up to $500 or more. Some banks even have a per day withdrawal limit of just $100.
Check to see if the local bank charges extra “processing fees”. Some banks charge extra for MasterCard transactions while others charge nothing. Payoneer already charges you some fee per ATM transaction and if you’re charged extra by the local ATM, the total withdrawal fee can even go as high as $10- depending on the amount of cash you withdraw. Therefore, choose an ATM with maximum withdrawal and minimum fee.
Failed MasterCard transactions also carry a fee. So make sure you do not try to withdraw more than your current balance.
Use the MasterCard for direct purchases online or in your local stores. You won’t be charged any fee for such transactions because the merchants will pay those fees.
HOW DO I BECOME A PAYONEER AFFILIATE? It is quite simple to become a Payoneer affiliate. You’ll simply have to activate your Payoneer and then you are provided with an affiliate link, which you share with other people via email and social media. Both you and your friend can earn a guaranteed $25 referral reward once the person you referred to loads at least $100 into his/her MasterCard. (Sign up for Payoneer.).
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