What is Payoneer?
Payoneer Global Inc. is an American financial services company that provides online money transfer, digital payment services and provides customers with working.
What is the purpose of the Payoneer account?
Payoneer offers your business a multi-currency account to pay and get paid globally, as easily as you can locally. This all-in-one account gives you everything you need to get paid by your international clients and global marketplaces, pay your suppliers and invest in growing your business.
Steps to Create a Payoneer Account
Let’s go through the easy step-by-step guide to register your Payoneer account.
Step 1: Getting Started
Go to the Payoneer Signup Page.
Click on the Sign Up for free button.
Moving forward, ensure to select all the options accurately to ensure smooth account approval.
Firstly, choose an option to select who you are, and what you are looking for.
Here, I’ll select I’m a Freelancer or Digital Marketing Agency.
Freelancers or Digital Marketing Agency on Payoneer
The other options are online sellers, service providers, and other verticals.
Select as per your requirement.
Next, choose the I’m looking to get paid by international clients or freelance marketplaces.
Get paid by international clients
If you want to pay someone, then select Pay my service providers and suppliers.
Then the amount of monthly sales volume.
Here, I’ll select the Below $5,000 monthly option.
Payoneer monthly sales volume.
Now the actual sign up process will begin.
Here, you need to fill in the type of business and personal details.
In case, if you are a blogger or a freelancer, then select the Individual option.
Sign Up Payoneer Account Type of Business
But, if you own an organization then select the Company option.
Remember that for a company, you must have an income tax return or a GST.
Moreover, enter your first name, last name, email address, and date of birth. Then click Next.
Sign Up Payoneer Account Name and Email Address
Fill in the details as per your government-issued ID.
Also, note that you should be over 18 years of age to apply for a Payoneer account.
Step 2: Contact Details
On the next screen, select your Country, Address, City/Town, and Postal/ZIP code.
Payoneer Sign Up Contact Details
Besides, also enter your current working Mobile number.
Note that this number can be used later to retrieve a forgotten password or updating details.
You’ll receive a verification code on that mobile phone number.
Simply enter the verification code with a 30 seconds time limit. Then click Next.
Step 3: Security Details
On the next page, you need to fill in some security details.
At first, set a password to your Payoneer account.
Furthermore, enter your identity document information.
Payoneer Sign Up Security Details
This might include your national ID, passport, and driver’s license.
Finally, enter the given captcha code.
Then click Next to continue.
Step 4: Payment Method
In this step, you need to enter the bank details to withdraw the Payoneer money.
Therefore, type your Bank account type, currency, bank name, account name, and bank account number.
Set Up Payoneer Account Bank Details
Finally, agree to the terms, and click on the Submit button.
Step 5: Review in Progress
That’s it! Your application is successfully submitted.
Now, the review process will start.
Payoneer Review in Progress
After 3 business days, you’ll receive an email confirmation of the review.
Step 6: Submit Documents
To complete the review process, it is important to keep your Payoneer account up to date with the right documentation.
For that, sign in to Payoneer using your email address and password.
Go to Settings > Verification Center.
Here, you’ll receive a notification to submit the relevant documents.
Submit Government Issued ID Payoneer Account Verification
This might include government ID, passport, residence proof, driver’s license, electricity bill, and bank account verification.
Submit Documents on Payoneer
Before submitting the documents, ensure that they are valid and not expired.
Also, the document must be clearly visible. Do not submit a cropped image.
Small-sized images and unclear documents might cause further delays.
Upload the image in JPG, PNG, GIF, TIFF, and PDF formats.
Moreover, make sure that the size of the document is less than 3MB.
In the case of multiple documents, ensure to submit all of them separately.
Finally, browse and upload the documents. Now click the Submit button.
Submit Passport on Payoneer
A message saying document successfully uploaded will appear on the screen.
Payoneer received the submitted documents
Within a few business days, you’ll receive an email saying, ‘Your Payoneer account is successfully approved.’
Payoneer Approved Email.
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