Business TipsTech

Payoneer: 1 Easy and Quick Payments for Freelancers & SMEs

Popular freelance marketplaces that payout through the financial service provider include Fiverr, Envato, Airbnb, Upwork etc.

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Payoneer is a worldwide payment service that enables freelancers, professionals and e-commerce companies to pay and receive commission online. It’s broadly used by a whole lot of freelancers in Nigeria and past, to simply accept funds from their online gigs.

Can Nigerians use Payoneer?

Sure. It is open to customers in Nigeria and many of the countries in the world.

Can I withdraw from Payoneer in Nigeria?

Sure. The monetary company issues prepaid MasterCard debit cards that can be utilized to withdraw from any of the handfuls of thousands of Automated Teller Machines (ATMs) which might be on the worldwide Mastercard community throughout Nigeria. Another choice is financial institution withdrawal that enables payouts to your checking account in Nigeria. You can’t mix each choices.

How can I examine my Payoneer account in Nigeria?

It’s essential to login to the Dashboard from their website to verify your balance and recent transactions.

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Can I withdraw money from Payoneer?

Sure. You’ll be able to EITHER withdraw using the MasterCard debit card or to your native checking account. They don’t support both strategies on the identical account concurrently.

Is Payoneer secure?

It’s secure to the extent that it is closely regulated in the USA and the European Union. As of August 2019, Payoneer Inc. is regulated in the USA as a registered Cash Companies Business with FinCEN and as a licensed cash transmitter in varied U.S. states. Payoneer (EU) Restricted is a regulated E-Cash Establishment, licensed by the Monetary Companies Fee (FSC), Gibraltar, beneath the Financial Providers (Electronic Money) Rules 2011 and the Monetary Companies (Banking) Act 1992.

It is usually registered in Hong Kong, Japan, Australia and Canada.

Is Payoneer account free?

The account is free to open however there are charges for receiving, sending and withdrawing funds.

Is Payoneer better than PayPal?

That is relative. They don’t seem to be precisely the identical. The options they provide in every country varies. Their usefulness would, subsequently, vary par use-case and placement.

Are PayPal and Payoneer similar?

They’re very totally different and have little in frequent except for being licensed cash transmission providers.

How does Payoneer make money?

They make cash from the fees on all of the monetary transactions that undergo their platform.

What financial institution does Payoneer use?

They use various monetary establishments internationally.

– Meta Bank (USA) for MasterCard prepaid debit cards
– Induslnd Bank for native compliance in India

uche okeke
the authoruche okeke
Uche is the founder of Freenaija. Digital marketer with a distinct fascination for composing content for audience to feed and acknowledge.

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