How To Send Money From Your Bank To Payoneer (Step-by-Step)

Payoneer

There are a few steps you need to take if you want to send money from your bank account to Payoneer. Depending on your bank and location, the exact steps to pay money to Payoneer may be different, but here are the general steps:

First, make sure your Payoneer account is set up and ready to receive money. You can sign up for a Payoneer account on their website if you haven’t already.

After you’ve set up your Payoneer account, you’ll need to connect it to your bank account. Log in to your Payoneer account and go to the “Receive” tab to do this. From there, you can choose “Global Payment Service” and then choose the money you want to receive.

Then, Payoneer will give you a virtual account number and banking number that you can use to link your bank account to Payoneer. Just tell your bank these details, and they should be able to set up the payment for you.

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When sending money from your bank account to Payoneer, make sure to include your Payoneer account number in the transfer information so that the money can be sent to your account correctly. It’s also important to know that there may be fees for moving money from your bank to Payoneer, so check with both your bank and Payoneer to find out about any possible costs.

Overall, the way you send money from your bank to Payoneer can be different based on which bank you use and where you live. But if you follow the steps above, you should have a good place to start setting up the move.

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Receiving accounts allows Payoneer users receive payments from companies, marketplaces and various eWallets worldwide.

Please note: payments from individuals are not supported, Payoneer can only accept payments sent by business bank accounts.

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How can I pay a Payoneer user via local bank transfer?

Payments via local bank transfer can only be made by companies registered in the US, EU, UK. To submit a payment, please follow the steps:

  1. Ask the user to provide you with their Receiving accounts receiving account details which include the bank name, account number and routing number.
  2. Use these details to make a local bank transfer through your bank. You can do it online or at the bank branch, depending on your bank. Please only use the following transfer types:
    • USD: ACH transfers
    • EURO: SEPA transfers
    • GBP: BACS and FPS transfers
  3. The recipient will receive the payment in 2-5 business days

Please keep in mind:

  • To send payments, use your company account and not your personal bank account. Since the purpose of Payoneer services is business-related transactions, Payments from individual accounts will be declined automatically.
  • Payments are subject to review by Payoneer to ensure that they comply with the Terms and Conditions of our Receiving accounts.

*If you cannot locate the payment details of the Payoneer user you wish to pay, ask them to provide you their Payoneer receiving account details manually.

FAQ

Yes, you can fund your Payoneer account in Nigeria. There are several ways to do this, such as by linking your local bank account or credit/debit card to your Payoneer account. You can also receive payments from clients or companies directly into your Payoneer account.
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