What Is Payoneer and How to Use It: Account Setup & Withdrawal Guide

Introduction: Why Payoneer Is a Must-Have for Online Entrepreneurs

Easily withdraw your Payoneer funds with global ATM access — fast, secure, and reliable.

If you're working online—selling on Amazon, freelancing, dropshipping, or doing affiliate marketing—you need a global payment solution. Payoneer is one of the most trusted platforms that lets you receive international payments quickly, securely, and affordably.

In this guide, we’ll cover:

• What Payoneer is

• How to open a Payoneer account

• How to withdraw money from Payoneer

• Tips for Amazon sellers using Payoneer

What Is Payoneer?

A Global Payment Platform for Online Business

Payoneer is a financial services company that provides online money transfer and digital payment services. It allows users to:

• Receive international payments from companies like Amazon, Upwork, Fiverr, and more

• Get paid in multiple currencies (USD, EUR, GBP, etc.)

• Withdraw funds to local bank accounts

• Use a Payoneer Mastercard for direct spending

With Payoneer, you get virtual bank accounts in multiple countries, making it easier to do business globally without needing to open local bank accounts in each country.

How to Open a Payoneer Account (Step-by-Step)

Step 1: Go to the Payoneer Website

Visit www.payoneer.com and click the “Sign Up” button on the top right.

Step 2: Choose the Right Account Type

You’ll be asked what you do:

• Freelancer or service provider

• Online seller (e.g. Amazon, eBay)

• Affiliate marketer

• Individual or businessChoose the one that best matches your activity.

Step 3: Enter Personal or Business Information

Fill in:

• Your full legal name

• Email address

• Phone number

• Business name (if registering as a company)Make sure your information matches your ID/passport exactly.

Step 4: Set Up Security & ID Verification

• Create a strong password

• Set security questions

• Upload a valid government-issued ID (passport, driver’s license, or national ID)

Step 5: Add Your Bank Account

Link a local bank account in your country where you want to withdraw funds. You’ll need:

• Bank name

• IBAN or account number

• SWIFT/BIC code (if required)

Once verified, your Payoneer account will be activated in 1–3 business days.

How to Withdraw Money from Payoneer

Option 1: Withdraw to Your Bank Account

1. Log in to your Payoneer account

2. Go to “Withdraw” → “To Bank Account”

3. Select the currency and the amount

4. Choose the linked bank account

5. Confirm the transaction

💡 Processing Time: Usually 1–3 business days💡 Fees: Around $1.50–$2.00 per withdrawal (varies by country)

Option 2: Use the Payoneer Prepaid Mastercard

You can apply for the Payoneer Mastercard and:

• Make purchases online or in-store

• Withdraw cash from ATMs worldwide

• Avoid currency conversion if paying in same currency as your balance

Tips for Amazon Sellers Using Payoneer

• Link your Payoneer USD receiving account to your Amazon Seller Central

• Choose “Payoneer” as your disbursement method during Amazon payout setup

• Keep your account verified and check regularly for compliance messages

• Use the currency conversion tool to track exchange rates before withdrawing

Final Thoughts

Payoneer is a powerful tool for any global digital entrepreneur. Whether you're selling on Amazon, freelancing, or running an e-commerce store, setting up a Payoneer account gives you the flexibility and reliability to get paid from anywhere in the world.