Payoneer Global Inc. is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital. According to Wikipedia
Payoneer is an online banking platform that allow users to send and receive money online. With Payoneer users can open a virtual bank account in different currencies such as US Dollars, British Pounds, and Euros. Cards such as MasterCard and Visa are also available to users. Considering the receiving and transaction limitations PayPal has placed on Nigerians, Payoneer is the best choice for Nigerians who wants to send and receive money to and from international countries. In this article, I will guide you on how to set up a Payoneer account in Nigeria.
Payoneer gives its users a U.S. Bank account and routine that can be use to receive payment from their customers around the world. Mainly on this aspect I’d say Payoneer beats PayPal hands down by providing their users with a virtual bank account that can be use as a normal bank account to conduct forign transactions!
If you originate from PayPal blacklisted countries like Nigeria, Ghana, or any other country, you might want to consider using Payoneer to send and receive payments all around the world.
What do I need to open a Payoneer account?
Below are everything needed to open a Payoneer account in Nigeria
- Your full name. It should be your legal name.
- Email address
- Your residential address. This should be your accurate address as it will be use for your DebitCard shipping address if you request for card
- Your Date of birth
- Your contact details
- A government Issued ID
How to open a Payoneer account in Nigeria
Follow these steps to open a Payoneer account in Nigeria:
1. Visit the website
The first step to open a Payoneer account in Nigeria is to visit the website
2. Click to register
Click on the register button that you see on the website

3. Choose the right account type for your business needs
Account types includes: Freelancer or SMB, Online seller, Affiliate marketer, Vacation rental host, Individual

4. Fill the registration form
Fill out the registration form ensuring that you only give accurate details.

5. Confirm your email address
You will be asked to confirm your email address. Login to your email and click on the link from Payoneer.
Congratulations. You have successfully set up a Payoneer account!
How to receive money with Payoneer
Here are ways to receive money into your Payoneer account
1. Use your account number
Payoneer Global Payment Service allows user to open and operate a bank account in many currencies. Just send your bank account details to the company or individual that is paying you. That is all you need to do. Once they pay into the bank account, the money will reflect in your Payoneer account.
You can view your account number by logging into your account. Click on Receive on the top menu. Then click on Global Payment Service. There you can view your bank account details

2. Wire Transfer
Payoneer Global Payment Service allow users to accept wire transfer using the account number and routine number provided for each user account. This payment method can take 24 – 72 hours before arriving into your payoneer account.
3. Request Payment from your clients
Another way to receive Payment with Payoneer is to log into your account and request payment from your clients. It is very easy.
Just login to your account and create a payment request. Your client will receive an email with a link to make payment. Once the client makes the payment, you receive the money straight into your Payoneer account.
You can request payment by logging into your Payoneer account, then click on receive on the top menu and then click on Request Payment.
Your clients can either pay via debit card or directly peer to peer using Payoneer to Payoneer.
4. Use mass payout
If you are a freelancer or you deal with companies that use Payoneer as an option such as Upwork, Fiverr, and others. You just have to register your Payoneer account with them and they will automatically send payment to your Payoneer account.
5. Payoneer to Payoneer
You can receive money from other Payoneer users. All you have to do is give them the email address associated with your Payoneer account. They will be able to send you fund from inside their Payoneer account.
How to send money or make payment with Payoneer
Follow these steps to send money or make payment with Payoneer
1. Login to your Payoneer account
To send money or payment you have to be logged in.
2. Click on pay
Click on pay from the top menu
3. Select make a payment
There are two options, make a payment or Pay your VAT. The right thing to select is make a payment unless you know what you are doing
4. Choose how you want to send money
You can either pay into the recipient’s Payoneer account or to the recipient’s bank account.
5. Make payment
Follow instructions and complete your payment
How to withdraw money from your Payoneer account in Nigeria
Please note I will provide you with three options! You can either have Payoneer card which will be sent to you or use your Nigerian bank account to withdraw. If you choose to go with card, you can only use the Payoneer card to withdraw money at ATMs but you will not be able to withdraw money to your bank account or better still you trade your payoneer fund with PaytoNaira at even better exchange rate than ATM or Bank withdrawal rates.
SELL YOUR PAYONEER FUNDS WITH PAYTONAIRA
If you choose to withdraw with your bank account, you will be unable to have a card. Once you have decided to get the card, that is final, you will be unable to withdraw again to your local bank account. But regardless of your choice you can always trade with PaytoNaira anytime at even better exchange rate.
Follow these steps to withdraw money from your Payoneer account in Nigeria:
1. Log in to your account
You have to be logged in to withdraw from your account.
2. Click on withdraw
On the top menu you will see withdraw. Click on it
3. Select account to withdraw from
You see different bank account you have with Payoneer. Select the one that you want to withdraw from.
4. Add your bank details
Add the details of your local bank account that you want to withdraw to.
5. Complete withdrawal.
Follow the instructions and complete the process. Usually it takes between 1 to 5 working days to receiving money because it is an international bank transfer
How to order for Payoneer card
Follow these steps to order for Payoneer card.
1. Login to your Payoneer account
To order for cards you have to be logged in to your account
2. Click on settings
Click on settings on the top menu.
3. Click on Payoneer cards
When you put your mouse on settings, you will see Payoneer cards, click on it.
4. Click on order now
On the new page that loads, click on order now. Once you click on that, follow the on screen instructions to compete your request.
How can you use your Payoneer card?
You can use your Payoneer card to withdraw money at ATMs worldwide. You can use the card to shop online on any website that accepts card payment. The card will either be a MasterCard or a Visa card.
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