Setting up Payoneer
If you don’t already have a Payoneer account, it’s time to create one.
Note: There may be 0-1% fee for each payment received in USD. Payments received in EUR, GBP and JPY are free of charge. (More details)
Step 1 – Getting Started
Getting started is easy, begin by entering the basic information about who you are.
Step 2 – Contact Details
Next, let Payoneer know where you live, and how they can contact you.
Step 3 – Security Details
This is where you’ll setup your account details, including username and password. Make sure to pick a good security question that you’ll remember! (The support team at Payoneer is great but it’s a real pain if you need to “recover” an account!)
Step 4 – Almost Done
This is the next really important step, entering your local Bank Details – fill out the form with the information for the personal bank account that you wish to be paid into.
Step 5 – Waiting for Approval
After completing the sign-up process, your application will need to be submitted for review before it can be approved – this usually takes 3-5 business days, and you may be expected to submit additional information (such as a recent bank statement) to complete the process.
Step 6 – Uploading Additional Documents
After submitting your application, you may receive an email notifying you that additional information is needed in order to verify your identity. In this case, you’ll need to upload a recent bank statement that shows your name and full account number.
Now go outside and enjoy some fresh air. There is nothing much you can do while you wait for approval!
Once you've been approved, move on to part 3 of our Payoneer Guide to get started with setting up bank accounts for the international currencies.
Disclaimer: It’s important to note that Payoneer offers an affiliate program and we are participating in it. The links above are affiliate links and in no way impact the taxes or fees associated with earning commissions using Payoneer.