If you work remotely or earn money online through platforms like Fiverr, Upwork, Amazon KDP, or ClickBank, having a Payoneer account is o...
If you work remotely or earn money online through platforms like Fiverr, Upwork, Amazon KDP, or ClickBank, having a Payoneer account is one of the easiest ways to receive international payments. Payoneer allows you to create virtual bank accounts in multiple currencies, including US Dollars, Euros, British Pounds, Canadian Dollars, and more. With Payoneer, you can receive earnings in foreign currencies and conveniently withdraw them to your local bank account in Nigeria, or any other country.
This guide will walk you through the full process of creating and verifying your Payoneer account, setting up your receiving accounts, and getting your money from international clients without any issues.
Why Use Payoneer for International Payments?
Payoneer is widely used by freelancers, online sellers, and remote workers because it offers several advantages:
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Multiple Currency Accounts: Create virtual bank accounts in USD, GBP, EUR, and other currencies to receive payments directly in foreign currencies.
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Seamless Withdrawals: Withdraw funds from your Payoneer account to your local bank account in Nigeria or any supported country.
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Compatibility with Platforms: Payoneer is supported by major freelance and online marketplaces, including Upwork, Fiverr, Amazon KDP, and ClickBank.
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Flexibility in Payments: You can receive payments from clients worldwide without the need for an actual foreign bank account.
Step 1: Sign Up for a Payoneer Account
To get started, go to the Payoneer website via the official link. On the sign-up page, you can choose between creating an individual account or a business account.
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For Individuals: Select “No, my business isn’t registered” if you’re signing up personally.
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For Businesses: Choose “Yes, I own or represent a registered business” if you have proper documentation and want a business account.
Next, enter your personal details:
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First Name
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Last Name
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Email Address (enter it twice for confirmation)
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Date of Birth
Click Next to proceed.
Step 2: Enter Contact and Address Details
After entering personal details, you need to fill in your contact information:
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Select your country of residence.
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Enter your street address. If your address does not automatically appear, you can input it manually.
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Enter your city or town.
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Enter your postal or zip code (you can search Google for your area’s postal code if unsure).
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Enter your phone number, then click Send Code.
A verification code will be sent to your phone. Enter the code and click Next.
Step 3: Set Up Account Security
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Choose a username (usually your email address).
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Set a secure password.
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Select a security question and provide an answer you can remember easily, as it will be used to verify your identity if needed.
Step 4: Verify Your Identity
Payoneer requires a government-issued ID for verification. You can use one of the following:
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Passport
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National ID card
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Driver’s license
Enter the ID details, including number, date of issue, and expiration date. Make sure the name on your ID matches the name you used when registering for Payoneer to avoid verification issues.
Step 5: Link Your Local Bank Account
Next, provide your local bank account information so you can withdraw your earnings from Payoneer:
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Select whether it’s a personal or business account.
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Choose the country where your bank is located.
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Select the currency for withdrawals (USD, NGN, EUR, etc.).
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Enter your bank name, account holder name, and account number.
Check the boxes to agree to Payoneer’s terms, pricing, and fees, then click Submit.
Once submitted, your application enters a review process. You will receive an email confirmation, usually within three business days, notifying you that your account has been approved.
Step 6: Verify Your Email Address
Payoneer will send an email to verify your email address. Open the email and click Verify My Email. Once verified, your Payoneer account will be ready for use.
Step 7: Request Receiving Accounts in Multiple Currencies
After your account is approved, you can request virtual receiving accounts in different currencies. These accounts function as local bank accounts in other countries, allowing you to receive international payments:
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USD Account
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GBP Account
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EUR Account
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CAD Account
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JPY Account
To become eligible for these accounts, you typically need to receive a minimum of $100 into your Payoneer account. This can be done through platforms like Fiverr, Upwork, or TikTok.
Step 8: Using Payoneer with Freelance Platforms
Once your Payoneer account is active, you can link it to platforms such as:
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Upwork: Go to profile settings, add a withdrawal method, select Payoneer, and log in.
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Fiverr: Similar setup for receiving payments directly to your Payoneer account.
Payments from clients or marketplaces will go directly into your Payoneer account. From there, you can withdraw to your local bank account at competitive exchange rates.
Step 9: Withdraw Money to Your Local Bank
To withdraw money:
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Log in to your Payoneer account.
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Go to Withdraw > To Bank.
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Select the account and currency to withdraw from.
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Enter the amount and confirm.
The money will be deposited into your bank account, often within the same day, depending on your bank.
Step 10: Optional Payoneer Card
You can also request a Payoneer prepaid card, available in physical or virtual form. The card allows you to:
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Make online payments
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Withdraw funds at ATMs
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Use Payoneer funds directly for purchases
Payoneer is a reliable solution for freelancers, online sellers, and remote workers looking to receive payments internationally. By following these steps, you can create, verify, and start using your Payoneer account efficiently.
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