When you sell products or services to customers in other countries, you’ll need to accept international payments. These are also known as cross-border payments. You might even need to pay vendors or suppliers who live overseas. New payment startups like Payoneer make it easy to send and receive money internationally.
This article explains how to get started with a Payoneer account so you can make and receive international payments easily and inexpensively.
What is Payoneer?
Payoneer is an international money transfer and payment solution provider. Founded in New York City in 2005, it has become one of the biggest and most reliable processors for making and receiving global payments. The company has received over $1 billion in funding and has over 2 million users. You can use a Payoneer account to send and receive money from people around the world. You can also use it to pay vendors or suppliers located outside of your country. There are a few things you should know about Payoneer before you decide to use it for your business. Payoneer provides a few different services, including Payoneer cards, Payoneer wallets, and Payoneer transfers. A Payoneer card is a virtual debit card used for online payments. A wallet is a Payoneer account cash balance that you can use to make online and offline payments. And a transfer is what happens when you transfer funds from your account to someone else’s.
How to Create a Payoneer Account
Go to the Payoneer website and click on “Sign Up Now”. You’ll begin the signup process by entering your email address. You’ll then need to enter a password. Confirm your password and select “Terms and Conditions”. You’ll be asked to provide your name, address, and a valid phone number. You’ll also need to choose a user name. You’ll be asked to provide your occupation, annual income, and a few other details. This information is used to determine the right plan for you. Once you’re finished, click “Create Account”.
Receiving Payments with Payoneer
Now that you have a Payoneer account, let’s take a look at how you can receive payments from customers and vendors with it.
– Sign In– Log into your account and click on “Transfers”. You’ll see a screen with your current balance. You can click on the “Add Funds” button to add more money to your account.
– Create a New Transfer
– Next, click the “New Transfer” button to receive a new transfer. You can receive funds in a few different ways. You can receive a direct deposit into your bank account. You can also get funds sent to your Payoneer wallet. Or you can get a prepaid card to use at ATMs or online.
– Accepting Direct Deposit- When you select “Direct Deposit”, you’ll be asked to provide your bank account information. Your customers can then transfer funds directly to your bank account. This is a great way to receive payments because it’s free, secure, and easy.
– Accepting a Wallet Transfer- When you select “Wallet”, you’ll be asked to provide the email address of the person sending you money. Your customer can then transfer funds to your account and have them deposited into your Payoneer wallet. You can then use the funds to make online or offline payments.
– Accepting a Card Transfer- When you select “Card”, you’ll be asked to provide your mailing address. Your customer can then transfer funds to your account and have them sent to you as a prepaid card. You can then use the card online or at ATMs to withdraw funds.
Sending Payments with Payoneer
Now that you know how to receive payments with Payoneer, let’s take a look at how to send payments. There are a few ways you can send funds with Payoneer. You can transfer funds to your bank account, send funds to your wallet, or send funds as prepaid cards.
– Sign In– Log into your account and click on “Transfers”. Click the “New Transfer” button to create a new transfer. You can then select “Bank Transfer”, “Wallet Transfer”, or “Card Transfer” to send funds to your bank account, wallet, or prepaid card.
How to Recover Lost or Stolen Funds
What happens if you lose your wallet, card, or funds stolen from your account?
Luckily, Payoneer offers a way to get your funds back. You can report your card as lost or stolen. You can also report a fraudulent transaction in your account. You can contact customer support to report a lost or stolen item. They will open an investigation and help you get your funds back. If you notice a fraudulent transaction in your account, you can report it to customer support. They will open an investigation and help you get your funds back. You can check out their terms and conditions for more information about how this reporting process works.
Other benefits of using Payoneer
– Easy Setup – Setting up a Payoneer account is easy. You can create your account online in a few minutes and get started sending and receiving funds almost immediately.
– Good for Business – Payoneer is popular among businesses. It’s used by many freelancers, online sellers, and online entrepreneurs.
– Easy to Use – It’s easy to make a transfer with Payoneer. You just log into your account, select a transfer method, and enter the amount you want to send.
– Easy to Transfer Funds- You can send funds to your Payoneer wallet or account by clicking the “New Transfer” button in your account. You can also transfer funds to your bank account by clicking the “Transfer” button in your account.
Final Words: Should You Use Payoneer?
Payoneer is a good option for businesses that need to send or receive cross-border payments. It’s easy to use and offers a few different transfer methods. The biggest downside is that the service is only available in certain countries. Payoneer is available in more than 150 countries. You can see a full list of available countries on their website. If you sell products or services outside of your country and accept international payments, Payoneer is a good option for you.