How to Create a Payoneer Account: A Step-by-Step Guide for Online Sellers and Freelancers
SeHat Reader, if you're searching for a fast, efficient, and reliable way to receive payments online, you're in the right place. In the current digital economy, payment flexibility is essential for freelancers, remote workers, and Shopify store owners. While several platforms are available, only a few have truly risen above the rest in terms of global reach, transaction speed, and low fees.
Among the leading options, Payoneer stands out as one of the most trusted and widely used payment platforms. Though PayPal has long dominated the online payment space, an increasing number of digital entrepreneurs and professionals are turning to Payoneer for its competitive edge, especially in regions where PayPal’s services are limited or restricted.
As a Shopify store owner or freelancer, knowing how to create and use a Payoneer account gives you a significant advantage. Many potential clients and customers prefer using platforms like Payoneer for their low fees and ease of use, and offering this option can drastically reduce cart abandonment and payment failures.
SeHaT Dr strongly recommends adding Payoneer to your payment arsenal to help your business thrive. In the early days of selling online, SeHaT Dr experienced numerous lost sales due to limited payment options. Expanding available payment methods helped resolve that issue and dramatically improved conversion rates.
Let’s dive into this comprehensive and up-to-date guide on how to set up your Payoneer account and why it’s a smart move for your digital business.
What Is Payoneer?
Payoneer is a New York-based financial services company that provides secure, fast, and low-cost international payments. It specializes in digital payment solutions and instant online money transfers, making it an ideal platform for freelancers, bloggers, eCommerce sellers, affiliate marketers, and global businesses.
Here’s why Payoneer has become a preferred choice in the current digital landscape:
- Lower fees compared to PayPal and traditional banks
- Access to a Payoneer Prepaid Mastercard®, allowing ATM withdrawals and point-of-sale purchases worldwide
- Multi-currency receiving accounts, including USD, EUR, GBP, JPY, and AUD
- Direct payment integrations with major platforms like Amazon, Upwork, Fiverr, Google, Airbnb, and more
- Robust security infrastructure to protect against fraud and cyber threats
For professionals and businesses that regularly receive international payments, Payoneer simplifies cross-border transactions and improves cash flow.
Why Choose a Payoneer Account?
Before exploring the steps to create a Payoneer account, SeHaT Dr recommends understanding the clear benefits of using this platform, especially for digital entrepreneurs and Shopify users.
1. Global Reach
One of the strongest advantages of using a Payoneer account is its global accessibility. Businesses can receive payments from clients and marketplaces in over 200 countries. Supporting more than 150 currencies, Payoneer ensures that you can effortlessly serve customers and partners across borders. This level of international reach gives any online business a competitive edge in the global marketplace.
2. Various Payout Options
When you open a Payoneer account, you unlock multiple withdrawal and payment methods. Users can:
- Receive payments via international bank transfers
- Access funds through the free Payoneer MasterCard
- Set up local receiving accounts in USD, EUR, GBP, JPY, and more
- Transfer funds to their local bank account in their own currency
This flexibility helps entrepreneurs manage their finances more efficiently and with fewer limitations, giving them full control over how and where they access their earnings.
3. Fast Transactions
Speed is critical in today’s online business environment. Payoneer outperforms traditional platforms by offering fast transfers from the moment payment is received. Unlike services that might take 2–3 business days, Payoneer processes most transactions within hours, even for cross-border payments. This real-time access to funds is especially important for businesses managing cash flow or relying on fast turnarounds for inventory, services, or ad spend.
4. Low Transaction Fees
SeHaT Dr highlights that one of the biggest reasons digital professionals switch from other platforms to Payoneer is its competitive fee structure. Compared to PayPal and traditional banks, Payoneer offers significantly lower transaction and currency conversion fees. This makes it an ideal solution for freelancers and eCommerce sellers looking to maximize profits.
5. Ease of Use
Payoneer is built for simplicity. Its platform is intuitive, well-organized, and designed to support both beginners and experienced users. From account setup to fund management, the interface allows users to complete actions quickly without confusion or technical obstacles. Whether it’s tracking transactions, managing currencies, or connecting with international clients, Payoneer makes every step seamless.
Benefits of Creating a Payoneer Account
SeHat Reader, here’s a quick breakdown of why creating a Payoneer account is a smart business decision:
- Global accessibility: Receive payments from clients or platforms in over 200 countries
- Ease of withdrawal: Withdraw funds to your local bank or via ATMs using the Payoneer Mastercard
- Professional credibility: Displaying Payoneer as a payment option adds trust and legitimacy to your store or freelance profile
- Multiple currencies: Accept payments in USD, EUR, GBP, and other major currencies without needing a foreign bank account
- Improved conversion: Offering multiple payment methods boosts customer confidence and sales
Getting Started: How to Create a Payoneer Account (Step-by-Step)
Follow this streamlined, SEO-optimized guide to set up your Payoneer account today:
- Visit the Official Payoneer Website
Open your browser and head to www.payoneer.com. Click on the “Sign Up” button. - Choose Your Account Type
Select whether you’re registering as an individual or company. For Shopify store owners and freelancers, the individual option is most common. - Enter Personal Details
Fill out your full name (matching your official ID), date of birth, email address, and residential address. - Provide Contact Information
Input your mobile number and verify it with the OTP (One-Time Password) sent to your phone. - Set Up Security Credentials
Create a secure password and choose a security question. This helps protect your account from unauthorized access. - Add Bank Account Details
Link your local bank account to withdraw funds from Payoneer. Make sure the bank account name matches the Payoneer registration name. - Submit Valid Identification
Upload a government-issued ID (passport, driver’s license, or national ID). SeHaT Reader, this step is crucial for verification. - Wait for Approval
Payoneer will review your application, usually within 1–3 business days. You’ll receive a confirmation email once your account is approved.
What to Expect After Approval
Once approved, you can:
- Receive payments globally: from marketplaces, direct clients, or affiliate networks
- Order a Payoneer Mastercard®: (if available in your region) to access funds from ATMs
- Access your multi-currency accounts: and start receiving payments in USD, EUR, GBP, and more
- Use the Payoneer app: to manage your account from your phone
- Send payment requests: to clients directly from the dashboard
Payoneer’s current fee structure is designed to accommodate various types of financial transactions, both domestic and international. Here is a detailed breakdown of the latest costs associated with using Payoneer, optimized for transparency and up-to-date for the current financial landscape:
| Aspect | Fee |
|---|---|
| Sending payments to another Payoneer user | 0% fee |
| Payments to recipients who don’t use Payoneer | 2% fee |
| Batch payments | 2% fee |
| Local currency bank transfers (matching currency) | $1.50 fee |
| Bank withdrawals in a non-local currency | Up to 2% fee |
| Transferring funds between Payoneer balances | 0.5% fee |
| Annual inactivity fee (if less than $2,000 is received within 12 months) | $29.95 annual inactivity fee |
| Annual Mastercard maintenance fee | $29.95 annual Mastercard maintenance fee |
| Currency conversion fee | Up to 3.5% currency conversion fee |
| Cross-border transaction fee | Up to 1.8% cross-border transaction fee |
| Per ATM withdrawal | $3.15 fee |
| Per ATM balance inquiry | $1.00 fee |
| Card replacement | $12.95 fee |
These charges reflect the current financial policies and international payment dynamics. SeHaT Dr encourages all users to review Payoneer’s official fee disclosures regularly to ensure the most cost-effective use of the platform.
Learn How To Create a Payoneer Account Step By Step
Creating a Payoneer account in the current year is a smart move for freelancers, service providers, Shopify store owners, and remote workers who want to receive international payments seamlessly. This step-by-step guide from SeHaT Dr will walk SeHaT Readers through the complete Payoneer sign-up process using the most up-to-date procedures.
1. Collect All Required Documents
Before you begin, make sure the following documents and details are ready:
- Valid ID Card: (Capture a clear photo of both the front and back sides)
- Bank Account Details: (The name must match the ID card exactly)
- IBAN Number: (Usually found in your cheque book; use a bank’s IBAN generator tool if needed)
- Full Name & Date of Birth: (Exactly as mentioned on the ID)
- Residential Address: (Must match your ID card)
- Email Address & Mobile Number: (Used for Payoneer verification)
2. Go to Payoneer’s Website and Click “Get Started”
Visit the official Payoneer website
- Click "Get Started": to begin registration
- Eligible users may receive a $25 bonus: after sign-up and meeting Payoneer’s payout threshold
3. Choose Account Type
Select “Freelancer, Service Provider, or SMB” if you work independently or with clients globally
4. Select Your Purpose
Choose “Get paid by international clients or freelance marketplaces”
5. Select Monthly Volume
For new users, select “My Monthly Volume is less than $10,000”
6. Click on “Register”
Hit the “Register” button to begin the actual sign-up form
7. Enter Personal Details
Choose Individual account type
Fill in:
- First & Last Name: (exactly as per your ID)
- Email Address: (enter twice)
- Date of Birth: (exact match to your ID)
Click “Next”:
8. Enter Contact Details
- Country, Street Address, City, and Postal Code: (must match your ID)
- Mobile number: (valid and accessible)
- Click “Send Code”: to receive a verification SMS
- Enter the received code: then click “Next”
9. Fill Security Details
Set a strong password:
- Choose a security question: and provide the answer
- Enter your ID card number:
- Type your name in the local language: using Google Translate if needed
- Complete the captcha: and proceed
10. Enter Bank Account Information
Fill in:
- Bank Name:
- Account Holder’s Name: (must match ID and Payoneer details)
- IBAN number: (use an online IBAN generator tool if required)
Agree to the terms by checking both boxes
Click Submit:
11. Application Review in Progress
Your application is now under review
12. Check Your Email Inbox
Open your Gmail and look for two new emails:
- Verify Email Address:
- Application is Under Review:
13. Verify Your Email
Click the “Verify My Email” button inside the verification email
14. Log in to Payoneer
- Go to the Payoneer Sign-In Page
- Enter your email and password:
15. Visit Verification Center
Navigate to Settings > Verification Center
16. Start ID Verification
Under Account Verification, click “Government Issued Photo ID”
17. Upload Your ID Document
Upload both front and back sides of your government-issued ID
Requirements:
- Must show full name, address, and clear image:
- File types accepted: JPG, PNG, GIF, TIFF, PDF
- File size must be under 3MB:
- The document must be valid and not expired:
18. Wait for Approval
If all steps are completed, including ID upload, Payoneer typically reviews applications in 1 to 5 business days
Once approved: your account will be fully active
With this verified Payoneer account, SeHaT Readers will be able to receive international payments, link it to freelance platforms like Upwork or Fiverr, and even withdraw funds using a free Payoneer MasterCard from ATMs worldwide.
For any issues, SeHaT Dr recommends contacting Payoneer support via message, live chat, or phone call.
FAQ
Yes, Payoneer operates in most countries across the globe. In the current year, it supports users in nations including the United States, United Kingdom, Canada, Australia, Germany, France, Italy, Spain, India, China, Brazil, Argentina, Japan, Norway, and many others. However, features like the Prepaid Card or bank transfer speed may differ depending on your region and local banking regulations.
To successfully open a Payoneer account, you’ll need to provide the following:
- Personal details such as your full name, date of birth, and contact information
- A valid government-issued ID (passport, national ID, or driver’s license)
- Tax information depending on your residency
- Business registration documents (if applicable)
- Local bank account details for withdrawals
On average, account approval takes 1 to 3 business days. However, this may vary depending on the quality of the documents submitted and whether additional verification is required. SeHaT Dr recommends checking your email regularly during this time in case Payoneer requests further documentation.
In most cases, local bank transfers take 2–5 business days. However, many users in the current year report faster transactions when linking Payoneer to a local banking app or digital wallet. This allows near-instant access to funds in supported countries.
The Payoneer Prepaid Card is a Mastercard-powered physical debit card that allows you to make online payments and withdraw funds at ATMs worldwide. It's optional but ideal for those who want fast access to their Payoneer balance. If you're interested, SeHaT Dr recommends activating it through your Payoneer dashboard after your account is verified.