How to Create a Payoneer Account 2023

Introduction

Payoneer is a digital payment service that allows you to get paid from companies or people all over the world. you can also send and receive money using your Payoneer.

In this article, we will be talking about everything you need to know about setting up a payoneer account including how to verify and add funds to it.

How to Create a Payoneer Account

The following are steps to create a payoneer account:

1. Visit the Payoneer website

2. Sign Up: This will take you to the registration page where you’ll enter some basic info like your name, email address, and the password you want to use.

3. You will then you will be shown to choose a plan for your account.

How to Choose a plan

Payoneer offers both personal and business account options. For most people, the free personal account is perfect to get paid internationally. If you own a company, the business accounts provide extra features like mass payouts. Select the plan you want, then continue to the next step.

Once your info is entered, you’ll need to verify your email and phone number. Check your email for a message from Payoneer and enter the code they send. Then, enter the code you receive via text to verify your phone.

After that, then you have successfully create your payoneer account.

How to Verify Your Identity

The following are steps to verify your identity:

  1. You will be asked to provide details like your full name, home address, date of birth, and Social Security number (or similar government ID number for non-US residents). Make sure all the details you enter match what’s shown on your official documents.
  2. You will need to upload scans or photos of your government-issued ID, like a driver’s license or passport. The images you provide should be clear and show the entire ID, front and back.
  3. You may also be asked to provide a “selfie” photo of yourself holding your ID. This helps confirm that you are the actual person shown in the ID. When taking the selfie, make sure your ID is clearly visible and not blur in any way.
  4. The final step is to verify your address. This is usually done by uploading an official document like a utility bill, bank statement or rental agreement that lists your name and current home address. Make sure any documents you provide are recent, within the last 3 months.

Once you’ve submitted all the required information, Payoneer will review your application. Verification typically takes between 1 to 3 business days. If any issues arise or additional details are needed, Payoneer will contact you directly.

How to Add a Bank Account

The following are tips on how to add a bank account:

1. Connect Your Bank Account

Payoneer offers two ways to connect a bank account: instant bank verification or direct deposit. With instant bank verification, Payoneer securely connects to your online banking account to instantly verify your account ownership. This method is fast, free, and available for many major US banks.

The following is how to use this method:

  1. Select ‘Instant Bank Verification’ under the ‘Add Bank Account’ option.
  2. Enter your bank account login credentials. Payoneer will never store your login info and will only use it to instantly verify your account.
  3. Review and confirm the account details. Your bank account will now appear under ‘My Bank Accounts’ and you can use it to withdraw funds or receive payments.

If instant verification isn’t available for your bank, you’ll need to use the direct deposit method. This involves Payoneer depositing two small amounts into your account, which you then verify to confirm the ownership of the account.

The following are tips on how to do it:

  1. Select ‘Direct Deposit’ under ‘Add Bank Account’.
  2. Enter your bank account details like account number, routing number, account type, and address. Make sure all the details are entered correctly.
  3. Payoneer will deposit two amounts less than $1 into your account within 1-2 business days. Check your bank statements to view the amounts deposited.
  4. Enter the amounts deposited into your Payoneer account to verify the account belongs to you. Your bank account will now be connected and ready to use!

READ ALSO- How to Create a Ghana Paypal Account 2023

Conclusion

Once connected, your bank account can be used to withdraw funds from your Payoneer balance or receive payments from clients and customers. Adding a bank account provides more flexibility and control over your funds. Payoneer aims to provide a seamless experience connecting your accounts so you can focus on what matters most – growing your business!

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