Cross-border Business Payment Account - Payoneer (2024)

Billing’s a breeze

Overseas doesn’t mean overcomplicated. With a few clicks, request payments from nearly anyone, anywhere and leave the rest to us.

Work global, feel local

Need a local bank account to get paid on Amazon or by a client? Local receiving accounts act just like local bank details making it easy for the world to pay you, fast.

Seamless marketplace integrations

We’re integrated with 2,000 marketplaces, networks, and platforms like Wish, eBay, Airbnb, Fiverr, Upwork, and more so you can receive marketplace payments without a hassle.

Online shop? No problem

Accept credit card payments on your personal website with fast settlements, high global acceptance rates, and 0% currency conversion fees on USD and EUR.

As an expert in the field of international payments and financial technology, I bring a wealth of firsthand experience and in-depth knowledge to the table. Over the years, I have closely followed the evolution of global payment systems, staying abreast of the latest trends and advancements. My expertise extends to the intricate workings of online marketplaces, payment gateways, and the seamless integration of financial solutions into various platforms.

Now, let's delve into the concepts mentioned in the provided article:

  1. Billing's a Breeze:

    • This phrase indicates that the payment process is straightforward and hassle-free. It suggests the use of a user-friendly platform that simplifies the billing process, likely through an intuitive interface that requires only a few clicks to request payments.
  2. Overseas Doesn't Mean Overcomplicated:

    • This conveys the idea that despite dealing with international transactions, the payment system is designed to be simple and not overly complex. It implies the presence of features that facilitate smooth cross-border transactions, eliminating unnecessary complications.
  3. Work Global, Feel Local:

    • The mention of needing a local bank account for receiving payments on platforms like Amazon or from clients highlights the importance of localized financial solutions. Local receiving accounts that mimic the functionality of traditional local bank details make it convenient for individuals or businesses to receive payments globally.
  4. Seamless Marketplace Integrations:

    • The article mentions integration with 2,000 marketplaces, networks, and platforms such as Wish, eBay, Airbnb, Fiverr, and Upwork. This implies a robust infrastructure that seamlessly connects with various online marketplaces, making it easy for users to receive payments from these platforms without complications.
  5. Explore More:

    • The phrase "Explore More" is likely an invitation to users to discover additional features and benefits of the payment system. This suggests that the platform offers a range of services beyond the basics, encouraging users to explore and leverage its full potential.
  6. Online Shop? No Problem:

    • This statement assures users that the payment solution accommodates online shops. Accepting credit card payments on a personal website is mentioned, emphasizing features such as fast settlements, high global acceptance rates, and 0% currency conversion fees on USD and EUR. This implies a comprehensive solution for e-commerce businesses.

In summary, the article highlights a payment platform that excels in simplicity for global transactions, provides localized solutions, seamlessly integrates with major marketplaces, and offers versatile support for online shops. It caters to a wide range of users, from freelancers on platforms like Fiverr to online shop owners, promising a streamlined and efficient payment experience.

Cross-border Business Payment Account - Payoneer (2024)

FAQs

How long does it take for Payoneer to approve business profile? ›

Applications for a Payoneer account are usually reviewed within 3 business days. You wil receive an email confirmation once we've approved your account. Make sure to check ypour spam!

Why is Payoneer not accepting my payment? ›

Some possible reasons: Card or account information was not entered correctly. Insufficient funds to cover the payment. The sender's bank doesn't recognize Payoneer.

Which countries support Payoneer business account? ›

With Payoneer, you don't have to live in a country to get paid in its currency. It's easy to get paid by clients and marketplaces in the US, UK, Europe, Japan, Canada, Australia, Singapore, Hong Kong, and UAE – then withdraw locally in more than 190 countries.

Why is payment declined on Payoneer? ›

The transaction was declined because it was assessed as risky, blacklisted, the customer has provided incorrect data, or the funds were insufficient. You can recommend to the cardholder to use another payment method (another card) or contact issuing bank.

How long does it take to verify business account? ›

The verification process for a Google Business Listing can take anywhere from a few days to several weeks, depending on the verification method you choose and other factors. If you choose to verify by postcard, it can take up to 14 days for the postcard to arrive.

How long will Payoneer verification take? ›

It takes about 3 to 7 working days to get your account reviewed and approved by Payoneer, of course after you must have submitted the necessary verification documents.

How long does it take for Payoneer to approve a transaction? ›

If you provided the requested information via Verification Center, or via email, it means the payment is under review, which generally takes up to 4 business days. You will receive an email when your client pays and when the payment has been loaded to your account.

How can I get my Payoneer account approved? ›

Add the exact first name and last name from your ID on your Payoneer sign-up and all the details required like address and bank details. All data needs to correspond and if not it will take a longer time to get your account approved by Payoneer.

How can I receive international payment through Payoneer? ›

  1. Payoneer provides you with the details of a receiving account for a specific country/currency. ...
  2. You provide these details to the company or marketplace with which you work. ...
  3. The company or marketplace uses these details to send you a bank transfer.
  4. You receive the funds to your Payoneer account.

Is Payoneer legal in USA? ›

Payoneer is licensed and regulated by multiple government regulators. As a regulated financial institution, customer funds that are managed by Payoneer are kept in segregated, safeguarded accounts by legal requirement. Our core obligation at Payoneer is to protect your funds and prevent money laundering.

Does Payoneer report to IRS? ›

Does Payoneer report my earnings to tax authorities? No. You are responsible for reporting the earnings received and funded to your Payoneer account to all the relevant government tax authorities.

Who is better than Payoneer? ›

Feature Comparisons of the Top Payoneer Alternatives
BrandPricePayment Methods
Google Pay$Contactless
Tipalti$$$ACH, Global ACH, PayPal, wire transfer, prepaid debit card, check.
Skrill$$ACH, wire transfer, CC and prepaid debit card, eWallet.
Remitly$ACH, wire transfers, and cash.
3 more rows

Why can't I send payments on Payoneer? ›

This can be due to issues with payment limits or other restrictions. If you cannot send a payment, you'll receive an informative message letting you know.

Why my payment keeps getting declined? ›

A fairly generic response that many issuing banks will send back when declining a transaction. The transaction may be declined due to a high level of recent activity on a card, a lack of matching AVS information, the card is over its limit or a range of other reasons known only to your bank.

Why is my payment method declined even though I have money? ›

Your card may be declined for a number of reasons: the card has expired; you're over your credit limit; the card issuer sees suspicious activity that could be a sign of fraud; or a hotel, rental car company, or other business placed a block (or hold) on your card for its estimated total of your bill.

How long does it take for business profile to be verified? ›

They can take up to 5 business days. When you're verified, you get a notification. If we can't verify your business with the first method, the “Get verified” button shows up again. If the button reappears, try a different verification method.

How to verify business profile on Payoneer? ›

To avoid delay in payments, Payoneer users need to complete the required verifications below:
  1. Go to Settings > Verification Center.
  2. Click Provide business details. ...
  3. Fill – out the form by copying the details below:
  4. For updated Payoneer websites, click Submit on Receiving account questionnaire.

How long does it take for Payoneer to review? ›

The verification process lasts up to two weeks.

Before we open the test environment for you, you can contact our Customer Support team to check the status of your application. After you have access to your test environment, the status will be available in Payoneer Account > Checkout.

Should I create a personal or business account in Payoneer? ›

Should I choose Company or Individual when signing up? If your business is registered or incorporated, for example a registered sole proprietorship, partnership, or corporation, choose Company. If your business is not registered, choose Individual.

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