How to Create an Account on Payoneer: All you need to know
If you work remotely or in a digital landscape, you must have heard about Payoneer. Currently, the platform is quite popular among freelancers, digital and content creators. It is widely used for transactions globally.
Here, we will explore all the fundamental aspects of Payoneer. Let us begin!
What is Payoneer?
Payoneer is an international payment and a one-stop financial solution for digital entrepreneurs. Moreover, it serves business ventures and corporations. It also brings and connects vital stakeholders in businesses to a global market. What makes Payoneer great is that it is fast, easily accessible, and convenient. What makes the first option is that it is secure.
For top-notch services, Payoneer channels secure accommodation, viable, and fast payment processing. A plus point about Payoneer is that it is well suitable for young entrepreneurs and freelancers. For such people, Payoneer has proven to be a cost-effective and efficient payment platform. Moreover, Payoneer offers user-friendly and kind customer support. Its customer care is available 24/7, that too in around 35 languages. This clearly shows that Payoneer takes diversity and inclusivity well into account.
Payoneer provides unprecedented flexibility when it comes to various international currencies. This ultimately makes Payoneer is a highly adaptive platform for international payments. Moreover, it effectively handles international trade payments in around 150 countries.
Payoneer provides a secure channel for B2B businesses. In this way, it becomes an ideal payment solution for e-commerce marketplaces. What makes a perfect business value addition is that it does not charge any fee for most of the banking systems. However, this condition is only applicable if both parties are using Payoneer.
Payoneer Pros & Cons
Pros
- Price Policies and options: It offers an additional payment tool. It is known as an e-check. Moreover, Payoneer imposes a charge of only 1%. If both parties have Payoneer, the transaction is free of any cost.
- Customer Care: Payoneer has one of the best customer support. Moreover, it provides you with detailed support and service pages. Plus, you can join a global community.
Cons
- Account Terminations & Transaction Freezing: Although this is a benefit in disguise, it can still become very problematic. Payoneer does this if it senses any kind of suspicious activity on your account. This is very useful for preventing fraud and works with a very smart detection system.
- Payoneer does not have any payment gateway and is not compatible with the POS system. Plus, there is no virtual terminal.
Payoneer Fee
Payoneer will charge:
- 3% fee for credit card payment.
- 2% fee if there is a currency difference.
- 1% fee for e-check transactions.
- No fee if both parties have Payoneer.
How to make an account on Payoneer?
With a few simple steps, you can make an account on Payoneer.
01. Reach Payoneer's sign-up page and click on SIGN UP AND EARN $25.
02. Provide your role. Select the basic options are Freelancer, Online seller, Affiliate marketer, Vacation rental host, or Individual.
03. Next, specify the nature of your payment. It will help Payoneer to provide you with a better service.
04. Register your account. Click on the register button.
05. As you land on the Payoneer sign-up page, you can be asked to provide personal information. This information is critical in account registration. Make sure it is accurate.
Provide the following information:
- First name
- Last name
- Email address
- Re-enter Email address
- Date of birth
Click NEXT after filling in the details
06. Provide your contact details.
Provide the following information:
- Select your Country
- Street and number
- More address details (optional)
- City/Town
- Postal/ZIP code
- Mobile Number
- Verification code
Click NEXT after filling in the details
07. Provide your security details.
Provide the following information:
- Username
- Password
- Re-enter Password
- Security question
- Security answer
- Issuing country of ID
- ID type & ID number
- Enter the code below
Click NEXT after filling in the details
08. Provide your bank account detail for withdrawals that belongs to you.
Provide the following information:
- Bank country
- Currency
- Bank name
- Account holder name
- Branch code
- Account number
Click SUBMIT after filling in the details
See! Within a matter of minutes, you now have an account on Payoneer.
Now, you can proceed with your payment. Add your payments details as per requirement.