How to set up a Payoneer account in Nigeria

Payoneer Global Inc. is an American financial services company that has gained popularity for its reliable online money transfer and digital payment services. With Payoneer, users have the convenience of opening a virtual bank account in multiple currencies, including US Dollars, British Pounds, and Euros. This feature allows international businesses and freelancers to easily receive payments from clients all over the world, eliminating the need for complicated currency conversions and reducing transaction costs.

In addition to the virtual bank account, Payoneer also offers users the option to obtain physical cards such as MasterCard and Visa. These cards can be used for online and offline transactions, making it convenient for users to access their funds anytime, anywhere.

One of the significant advantages of Payoneer is its flexibility and accessibility, especially for individuals from countries where PayPal has imposed limitations. Users from PayPal blacklisted countries, such as Nigeria, Ghana, and others, can leverage Payoneer to send and receive payments globally without any hurdles.

Furthermore, Payoneer provides a seamless and user-friendly experience. The platform ensures maximum security and privacy of transactions, offering peace of mind to its users. The company has built a strong reputation for its reliable customer support, addressing any concerns or issues promptly and effectively.

If you are an international freelancer, e-commerce business owner, or digital nomad seeking a hassle-free and efficient payment solution, Payoneer can be the perfect choice. Its comprehensive range of services, including virtual bank accounts, international payment transfers, and physical cards, makes it a reliable and convenient platform for conducting global financial transactions.

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

To open a Payoneer account in Nigeria, just follow these steps:

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

On the home page click on the register button

3. Choose the right account type for your business needs

Account types includes: Freelancer or SMB, Online seller, Affiliate marketer, Vacation rental host, Individual

choose an account type

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

1. Use your account number

With Payoneer Global Payment Service, you can open and use a multi-currency bank account. Simply provide your given Payoneer account details to the person or company paying you, and the money will be deposited into your Payoneer account. To view your account number, log in to your Payoneer account and go to the “Receive” section, then click on “Global Payment Service”.

Click on Receive

2. Wire Transfer

With Payoneer’s Global Payment Service, users can conveniently receive wire transfers using their unique account and routing numbers. It typically takes 24 to 72 hours for the funds to reach your Payoneer account.

3. Request Payment from your clients

4. Use mass payout

If you work as a freelancer or with companies like Upwork or Fiverr, you can easily receive payments by registering your Payoneer account with them. They will send your payments directly to your Payoneer account.

5. Payoneer to Payoneer

You can receive money from other Payoneer users by sharing your account’s email address. They can then send you funds directly from 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

When it comes to receiving your earnings, Payoneer offers two convenient options: you can either opt for a Payoneer card that will be sent to your address, or you can choose to withdraw funds directly to your Nigerian bank account.

If you choose to receive a Payoneer card, it provides a flexible and secure way to access your funds. You can use the Payoneer card to withdraw money at ATMs worldwide, giving you the freedom to access your earnings wherever you are. However, it’s important to note that with the Payoneer card, you won’t be able to withdraw funds directly to your bank account.

Alternatively, if you prefer to withdraw your earnings directly to your Nigerian bank account, Payoneer makes it easy. By linking your bank account to your Payoneer account, you can seamlessly transfer your funds, ensuring a smooth and hassle-free process. This option allows you to have your funds deposited directly into your local bank account, providing you with the convenience of accessing your earnings through your usual banking channels.

Moreover, if you’re looking for an even more advantageous exchange rate, you can consider trading your Payoneer funds with PaytoNaira. This platform allows you to convert your Payoneer funds into Naira at a better exchange rate than what you would typically find at ATMs or through regular bank withdrawals. With PaytoNaira, you can maximize the value of your earnings while also benefiting from a simple and secure transaction process.

Whether you decide to opt for a Payoneer card for easy access to your funds or choose to withdraw directly to your Nigerian bank account, Payoneer offers flexible solutions that cater to your needs. With their reliable services and global reach, you can confidently manage and utilize your earnings in a way that is most convenient for you.


If you withdraw with your bank account, you won’t be able to get a card. Once you decide to get the card, you can’t withdraw to your local bank account again. But you can always trade with PaytoNaira at any time and enjoy a 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.

I hope this information helps you make an informed decision on how you would like to receive and manage your earnings. If you have any further questions or need assistance with any other topic, feel free to ask!

One response to “How to set up a Payoneer account in Nigeria”

  1. Moses onyeka Avatar
    Moses onyeka

    How can I create a Pioneer account

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