Home Banking How To Transfer & Receive Money on Payoneer Account

How To Transfer & Receive Money on Payoneer Account

Today’s guide is on how to transfer money from your payoneer’s account to another account using an easy method provided in this post. For those coming across Payoneer online account for the first time, below is a brief summary about it and then how to do transfer to somebody using or operating with the online bank account.

Payoneer is an online banking platform that gives users access to create a free U.S account from anywhere in the World, probably the countries eligible and approved by the company.

So with this USA based online account, you can be able to receive and make payments in different currencies like dollars, pounds, euros, yen etc. Also, the money you have in your payoneer account, can be converted to cash from any ATM machine. So it implies that you can always withdraw your cash from any ATM with a payoneer Prepaid MasterCard that has their logo boldly written on it.

 Receive Money From Payoneer Account

The card is entitled to every payoneer account user for free. It means, once you create account with payoneer and provide an alternate address, the debit card will be shipped to you for free of charge.

Payoneer which is an online e-currency company, is very similar to other popular money managing firms like; Webmoney, Paypal, payza etc. Formally, the company supported transferring money to PayPal online account but, the agreement was breached.

How To Transfer Funds From One Payoneer Account To Another

=>1. First, You have to get your own payoneer account by creating one from the above link. And by mere doing that, you stand a chance of getting free $25 from payoneer.

transfer money in payoneer

=>2. After signing up, you can then proceed. But before then, make sure the account debit MasterCard is active and working. Because an expired or outdated MasterCard can’t receive or send payment.

make a payment on payoneer

=>3. Now login into your payoneer account using your correct details which includes; your Email and password. Right in the dashboard, from the left top corner of your screen, click on the “Pay” button, and you will see a drop down display. From there, Click on “Make a Payment” and a page where to fill in the required details; probably, the account you are sending the money to, will display.

=>4. Now fill in the details of the account you are sending money to. In the “To” space, enter the email address of that account you are sending the money to, along with the amount you wish to send to the person. Also, with the reason why you are making such transfer(you can leave it empty since it is not mandatory.) then click on “Continue”

payoneer payment details

=>5. Next is to Confirm the payment by clicking on“Approve Payment” button. And the transaction will be done smoothly without error or issue.

After the transfer is done, you will receive two mails, the first is notification from payoneer, saying they have received your order to to make transfer”. And the other second message, will be a confirmation message indicating that the money has been transferred to the recipient.

Payoneer Money Transfer Limits 

payoneer transfer limit
=> Transfer is completely free as no charge is attached to it.
=> As viewed from the image provided above, you can see that the minimum amount one can transfer to another is $50
=>The much you can receive is $3,000 per day (24hrs)
=>The maximum amount you can transfer to anyone per day is $2,000
=>The maximum amount which you can receive in a period of 30 days is $15,000.
=>Also for the Maximum amount which you can send within 30days is $10,000.

That’s all for payoneer account fund transfer. If you have any question, kindly use the comment box. Share this post.