Payoneer Add Bank Account – How To Add Bank Account Details to Payoneer

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Payoneer Add Bank Account – How To Add Bank Account Details to Payoneer: Did you just sign up for a payoneer account or you already have a verified payoneer account and looking for a guide on how to add your bank account details so you can withdraw your money to your local bank account?

If you answered yes, here is a concise and straight to the point tutorial on how to add your local bank account to payoneer so you can do withdrawal.

Interestingly, Payoneer is a financial services company that provides online money transfer, digital payment services and provides customers with working capital.

Payoneer account holders can send and receive funds into their bank account, Payoneer e-wallet, or onto a re-loadable prepaid MasterCard debit card that can be used online or at points of sale. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.

Companies like Airbnb, Amazon, Google, and Upwork use Payoneer to send mass payouts around the world. It is also used by eCommerce marketplaces such as Rakuten, Walmart, and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.

In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the freelance marketplace.

Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.

In October 2019, the company launched a service aimed for small and medium sized businesses to send payments anywhere in the world quickly and cheaply.

This article is all about how to add your bank account to payoneer. If however, you need more information on payoneer, you may need to visit Wikipedia.

Payoneer Add Bank Account

The process involved in how to link your local bank account to payoneer is pretty simple and easy. All you need to do is to follow the below guide:

Step 1: First off, you will need to visit payoneer.com in your browser

Step 2: Go to the top right corner of the payoneer homepage and click on the Log in button.

Step 3: Next, you will need to enter your email address and password.

Step 4. Do security check and then click on the login button to continue to your account

Step 5: Once you have successfully logged into your payoneer account, you will need to locate and click on the Settings at the top right corner of the page

Step 6: From the dropdown menu, locate and click on the Bank Accounts option

Payoneer Add Bank Account - How To Add Bank Account Details to Payoneer

Step 7: On the BANK ACCOUNTS page, click on the “ADD BANK ACCOUNT” button.

Payoneer Add Bank Account - How To Add Bank Account Details to Payoneer

Step 8: Enter bank details by filling the form provided on the page. This includes the following:

  • i. Select account type:
  • ii. Bank currency:
  • iii. Bank name:
  • iv Account name:
  • v. account number
  • vi. SWIFT/BIC:
Payoneer Add Bank Account - How To Add Bank Account Details to Payoneer

Step 9: After filling the form, Check ☑ and agree to the Payoneer Terms & Conditions, Check ☑ and agree to the information of the bank account details you provided.

After filling the form, Click NEXT.

Payoneer Add Bank Account - How To Add Bank Account Details to Payoneer

Step 6: Confirm your Payoneer account details by providing the following details:
i. Payoneer password:

After confirmation, Click Add bank account.

Payoneer Add Bank Account - How To Add Bank Account Details to Payoneer

Congratulations! Back account successfully added.

Payoneer Add Bank Account - How To Add Bank Account Details to Payoneer

A confirmation email will be sent to you by Payoneer.

Payoneer Add Bank Account - How To Add Bank Account Details to Payoneer

Bank Account Approved!

Payoneer Add Bank Account - How To Add Bank Account Details to Payoneer

The Pros and Cons of Adding Your Local Back Account in Payoneer
Pros:

  • Easily transfer funds directly to your local account.
  • You can add a bank account you don’t own providing the correct details of the account. With these features, you can pay your clients directly to their bank account.
  • You can add more than one bank accounts.

Cons:
i. For Nigerians, you can only add a Domiciliary account (Dollar Account) as this doesn’t work in Niara Bank Accounts.

ii. The amount you can withdraw depends on the following:

  • Your available balance
  • Your minimum withdrawal amount per transaction
  • Your maximum withdrawal amount per transactionThese details are unique to each Payoneer user and are clearly displayed beneath the withdrawal amount field.

iii. After withdrawal, funds take 2-5 business days to reach your bank account after receiving your withdrawal confirmation email.

iv. Withdrawal fee varies according to the type of withdrawal.

It is important to note here that payoneer service is subject to availability. To check if the service is supported for your country, you need to click here.

That is it on Payoneer Add Bank Account – How To Add Bank Account Details to Payoneer.

I hope this article was helpful. Kindly share it with your friends and loved ones!!!

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