How To Apply For Your Payoneer Card (2024)

FAQs

How do I get my Payoneer card? ›

How do I order a Payoneer card? Depending on your location you will be able to order the card during the application process or from your online account once the application process is completed.

All Payoneer account holders have the option of receiving a Mastercard debit card to make payments from their Payoneer accounts. The card also works at ATMs, though it comes with withdrawal fees for USD, EUR and GBP currencies and a $29.95 annual fee.

Your Payoneer Prepaid Mastercard Card is issued by its subsidiary, Wirecard Card Solutions Limited in the UK. The FCA, which oversees Wirecard UK, decided to restrict Wirecard's activities to protect customer money.

Annual account fee

If your account is active, you'll never pay this fee. If you keep your account open for 12 months without making a transaction in your Payoneer account or on your Payoneer card, you'll be charged a 29.95 USD fee.

PayPal has a larger network and has been around much longer than Payoneer. Both use end-to-end encryption and are fully regulated as a US Money Service Business (MSB). Payoneer is also certified at a PCI Level 1 Data Security Standard. However, Payoneer has had issues with fraud on its card in the past.

USING PAYONEER WITH AMAZON

Plus, transaction fees on international payments are very competitive – upwards of 70% less than bank fees. Payoneer is available for use in the following marketplaces: Amazon.com (United States)

Before you can order a card you need to be active in receiving payments to your Payoneer account, a minimum of $100 or the USD equivalent within the last 6 months, all payments (except direct bank transfer) count toward the minimum threshold.

By integrating with Payoneer, BSB Bank is able to provide its clients with a unique opportunity to become closer to their US customers.

What is a daily limit for Payoneer card? ›

The daily spending limit of the Payoneer card is 5,000 USD/EUR/GBP but may vary on the specific card type. You can make up to 30 ATM withdrawals and up to 30 point of sale transactions. Point of sale transactions include purchases, cash disbursem*nts, and bank teller withdrawals.

How much money can I withdraw? You can make up to 30 withdrawals daily with a $5000 Daily limit. You can make up to 30 point of sales transaction daily with $2500 daily limit.

The Payoneer card works just like any other MasterCard. The card is accepted worldwide, wherever MasterCard is accepted electronically. You can use it to withdraw cash at ATMs or to make purchases, both online and in physical stores.

Your Payoneer account, for example, includes local receiving numbers – just like bank account numbers – in the US, EU, UK and Japan. You can get paid into these account numbers just as easily as if you had opened a bank account in those countries by with far less hassle.

Yes, you can use the Payoneer card to withdraw funds at any ATM machine that accepts MasterCard. Please check out this link that will assist you in finding an ATM near you.

You must register with Payoneer to receive your Walmart payments. Creating or updating Payoneer accounts should start in Seller Center and complete on the Payoneer website. Only Admin users can see and manage financial settings for your company. Your Payoneer account links to your Walmart Marketplace Partner ID.

The company is headquartered in New York City.

Can I Have More than One Card? Payoneer allows its account holders to have one active card per currency. If you would like to receive payments in the same currency from multiple Payoneer mass payout companies, you can link them all to the same Payoneer Prepaid Card.

Note: Payoneer requests your social security number (SSN) as part of their KYC process to ensure that you are the rightful account owner before they accept you as a customer. Some of the requirements might be slightly different depending on where you are registering from. You can find further information here.

What is the disadvantage of using Payoneer? ›

Limited Withdrawal Options

While Payoneer allows you to withdraw funds to your Payoneer card or a local account, it may also restrict how and where you can withdraw to. Furthermore, it may not support cash withdrawals or may have a limit on the amount of money that you can withdraw.

Besides making payouts, Payoneer only allows transfers to other Payoneer accounts. Private clients can't transfer money on the platform; only withdraw it. International money transfers are very one-sided. The platform adds a currency conversion charge of 2% to 2.75% in some countries.

UP TO 0.5%

If your account is active, you'll never pay this fee. If you keep your account open for 12 months without making a transaction in your Payoneer account or on your Payoneer card, you'll be charged a $29.95 fee.

Yes, you can use the Payoneer card to withdraw funds at any ATM machine that accepts MasterCard.

Marketplaces and Networks

Receive payments from top marketplaces like Upwork, Airbnb, Fiverr, 99Designs, iStock and many more that chose to pay with Payoneer.

Earning in one currency but need to make a payment in another? Not a problem. Converting funds between Payoneer balances is super quick and easy. When you convert funds with Payoneer we use the applicable market rate and our low 0.5% fee of the amount transferred is automatically deducted.

ATM Transactions

If you withdraw from an ATM using the Payoneer Mastercard. You will be charged $3 per transaction. If you cancel a transaction, you'll be charged $1.

Does Payoneer report my earnings to tax authorities? No. You are responsible for reporting the earnings received and funded to your Payoneer account to all the relevant government tax authorities.

Who is better than Payoneer? ›

When will my application be approved? Applications for a Payoneer account are usually reviewed within 3 business days. Furthermore, we can sometimes ask for additional information or documents before we can approve an account.

Payoneer account

Minimum withdrawal amount: $20 (+ $1 Payoneer fee), the maximum amount possible is $3000. Note: From 1 November 2022, a Payoneer account will be the only Payoneer product available to new tutors.

Minimum withdrawal amount: $20. Please log into your Payoneer Account (https://login.payoneer.com/) in order to view all your pricing & fees.

Yes. It's possible to receive payment from different market places to Payoneer even if it's not verified. But to withdraw the money from Payoneer to your local bank, verification is needed.

You can create a Payoneer account without a bank account using marketplaces or online companies that support the Payoneer withdrawal option. Such places include Fiverr, Upwork, Envato, Airbnb, and many others.

Can I use Payoneer to withdraw funds from Paypal or other e-wallets? You are unable to withdraw funds to Payoneer from Paypal and other e-wallets.

Physical card can be used at ATMs, in stores, or online, anywhere Mastercard is accepted. Virtual card can be used to perform transactions online or over the phone. For more information, please check our Account with Card – FAQ.

What to do if my Payoneer card didn't arrive? ›

Select Banks & cards → Payoneer cards, locate the card with status Shipped that you want to reorder, look for the line Card didn't arrive? Reorder and click the Reorder link. Enter your desired address and then proceed to 'Order.

Yes, just add your bank account to Payoneer.

Most withdrawals will land in your account the same day, while some may take up to 2 business days.

The Payoneer card works just like any other MasterCard. The card is accepted worldwide, wherever MasterCard is accepted electronically. You can use it to withdraw cash at ATMs or to make purchases, both online and in physical stores.

The expiration date is embossed on the card. The card will expire on the last day of the month that is written. For example, if the expiration month/year shows 01/17, the card will expire on January 31, 2017. Please note: There is no option to extend the expiration date on your card.

Yes, you can link your Payoneer account with PayPal, which will allow you to withdraw money from your PayPal account to your Payoneer account. To do this, you will need to add your Payoneer account as a linked bank account in your PayPal account.

Payoneer offers several easy, quick, and low-cost ways to receive funds from global clients, and once you've done so, there are many ways you can use your earnings. Once of the most useful ways, though, is to withdraw your earnings, at any time, to your local bank account.

Note: Payoneer requests your social security number (SSN) as part of their KYC process to ensure that you are the rightful account owner before they accept you as a customer. Some of the requirements might be slightly different depending on where you are registering from. You can find further information here.

You can use your Payoneer account to receive funds from US, EU, UK and Japanese companies through the Receiving accounts. You can also bill your clients directly and send payment requests.

Is Payoneer card safe? ›

Payoneer is a legitimate company. It is regulated, provides a host of services, has a good reputation, and appears safe. Payoneer's software products are well-designed and easy to use, and the prepaid card is a great option for those who don't want to deal with local banks.