See How to Link Bank Account to Payoneer in Nigeria

If you are looking to start using the popular payoneer service, you may be wondering how to link bank account to payoneer in Nigeria. This guide will show you the steps.

Perhaps, you want to pay someone, whether it is a friend or family member, in Nigeria using Payoneer, there are a few things you need to do first.

Basically, you need to open a bank account with the corresponding bank. Once you have an account, you can then link the bank account to your Payoneer account. After that, all you need to do is enter the recipient’s Payment ID and the amount of money you want to send. Read on to get more details below!

What is Payoneer In Nigeria?

Payoneer is a global payments company that enables people and businesses to make and receive money around the world. It offers a wide range of payment products and services, including remittance, international money transfers, bill payments, and e-commerce payments.

In Nigeria, it operates as a subsidiary of the multinational corporation Star Alliance. Payoneer’s convenient and user-friendly platform makes it an ideal choice for sending money to loved ones abroad or to pay bills in a foreign currency.

The good thing about payoneer is that its services ensure that you can build your business in Nigeria and beyond, link bank account to Payoneer, including numerous currency accounts with local account details in the US, Europe, and Asia; currency conversions; and multiple ways to utilize your funds.

Payoneer gives you the tools and services you need to keep track of your inbound and outbound business payments.

How do you open a Payoneer account in Nigeria?

Go to the website.
To register, go to the website and click the register option.
Complete the online registration form.
You’ll be prompted to verify your email address. Log in to your email and click the Payoneer link.

How To Link Bank Account To Payoneer in Nigeria?

Log in to your Payoneer account.
Go to Settings and then Bank Accounts from the main menu.
Select the type of bank account to be added:
Select the Your accounts tab to add a new bank account for withdrawal.
Select the Recipient accounts option to add a new recipient bank account for paying receivers who aren’t Payoneer clients.
Choose Add a bank account.
To add the bank account information, follow the on-screen instructions.
Individual accounts must have the same account holder name as your Payoneer account.
Account holder names must match the firm name on your Payoneer account for company accounts.
You will be asked for recipient contact information if you are adding a recipient bank account. Please double-check this information, as inaccurate information can cause Payoneer to reject your bank account.
It takes up to three business days. Keep an eye out for an email confirming the bank account’s approval.

How to use Payoneer to send money or make a payment?

Access your Payoneer account.
From the top menu, select Pay.
You can either make a payment or pay your VAT. Unless you are certain of what you are doing, it is best to make a payment. Choose your preferred method of sending money.
You have the option of paying into the recipient’s Payoneer account or their bank account.
Complete your payment by following the instruction.

How to Receive Money with Payoneer?

Generally, you can use your account number. Payoneer’s Global Payment Service lets you open and manage bank accounts in a variety of currencies. Simply provide the company or person paying you with your bank account information. You only have to do that. The funds will appear in your Payoneer account once they have paid into the bank account.

After entering into your account, you can see your account number. From the top menu, choose Receive. Then select Global Payment Service from the drop-down menu. Your bank account information is available there.

Clients should be asked to pay you:
Logging onto your Payoneer account and requesting payment from your clients is another option for receiving money. It’s quite simple.Create a payment request by logging into your account. Your customer will be sent an email with a payment link. You will receive the funds into your Payoneer account as soon as the client makes the payment.Log into your Payoneer account, then go to the main menu, select Receive, and then Request Payment.
Mass payout:
If you’re a freelancer or work for a company that accepts Payoneer, such as Upwork, Fiverr, or others. You only need to register your Payoneer account with them, and payment will be sent to your Payoneer account instantly.

Apps For Transferring Money On Playstore And iOS Store

Other information & FAQs

The following questions are commonly asked by Nigerians, and they are answered on this page. Continue reading to find out:

Can you pay with Payoneer without card?

Many of the regions where Payoneer works give the option of withdrawing funds straight to your bank account without the use of a card. Payoneer’s website is the best place to check this.

Does Payooner accept debit card?

Sure, both credit and debit card payments in USD, EUR, and GBP are accepted at Payoneer.

Can one transfer money from Paypal to Payoneer?

Yes! Just by linking your Payoneer account to PayPal and utilizing the bank details provided by Payoneer, you can simply transfer funds from PayPal to Payoneer (the global payment service details). Before linking, you must ensure that your Payoneer account is fully approved.

Is Payoneer to Payoneer free?

It’s always free when you accept payments from other Payoneer users who pay using their Payoneer balance!

How much is the monthly charges?

The monthly maintenance fee is a charge made at the start of each month to cover the costs of keeping your account in good working order. If your account balance is less than the monthly fee, you will only be charged the available balance, not more. A fee will not be levied if your account balance is $0.00 for the full month.

Conclusion

In conclusion, it is advisable to link your bank account to Payoneer in Nigeria in order to enjoy its benefits. Payoneer is a reliable payment platform that allows you to receive payments from clients or employers all over the world. It also offers other services such as a prepaid card and money transfer.

You can also use it to withdraw cash from ATMs all over the world. Finally, integrating your bank account to Payoneer in Nigeria is a simple process. All you have to do now is follow the procedures explained in this post and you’ll be able to use Payoneer in no time. Thank you for taking the time to read this!