PAYONEER INFORMATION AND HOW TO USE
Payoneer offers several ways to pay, depending on who you're paying and what your goal is. The most common methods include:
1. Paying Another Payoneer User
This is one of the simplest and fastest ways to pay.
How it works: You can send money directly from your Payoneer balance to another person's Payoneer account. All you need is the email address associated with their account.
Benefits: The transfer is typically free and almost instant.
2. Paying a Bank Account
You can use your Payoneer balance to send money to a bank account.
How it works: You'll need the recipient's bank details. You can add them to your contacts for future payments.
Benefits: It's a convenient way to pay contractors, suppliers, or employees who don't have a Payoneer account. The funds usually arrive within the same or next business day.
3. Using a Payoneer Card
If you have a Payoneer Prepaid Mastercard, you can use it for various payments.
How it works: This card functions like any other Mastercard, allowing you to pay for business expenses online, in stores, and withdraw cash from ATMs.
Benefits: It provides a flexible way to access your earnings and make payments directly from your Payoneer balance.
4. Making Batch Payments
For businesses that need to pay multiple people at once, Payoneer offers a batch payment option.
How it works: You can upload a file with the details of up to 1,000 transactions, and Payoneer will process them all at once.
Benefits: This saves a significant amount of time and effort when managing large payrolls or paying multiple contractors.
5. Paying VAT
Payoneer also allows you to pay VAT and other taxes directly from your account, which can be useful for businesses.
Inclusions:
Payoneer-to-Payoneer payments
Bank transfers
Payoneer Prepaid Mastercard
Batch payments
VAT payments