How does Payoneer work?

Payoneer is a financial services company that provides online money transfer and digital payment services. It works by allowing businesses and professionals from around the world to pay and get paid globally as easily as they do locally. Here’s a step-by-step guide on how it works:

1. Sign Up: The first step is to create a Payoneer account on their website. This is free and relatively straightforward.

2. Receive Payments: Once your account is set up, you can start receiving payments from companies worldwide. You can receive payments in multiple currencies.

3. Withdraw Funds: After receiving payments, you can withdraw your funds directly to your local bank account in over 150 different currencies. You can also use your Payoneer balance to make payments to other Payoneer customers for free.

4. Payoneer MasterCard: Payoneer also offers a MasterCard that you can use to make purchases online, in stores, and at ATMs worldwide.

5. Payoneer Billing Service: With the Payoneer Billing Service, you can request a payment from your clients directly. They can then pay you directly through the platform using a credit card or bank transfer.

6. Payoneer Customer Care: Payoneer has a dedicated customer care team that can assist you with any issues or questions you may have about their services.