I am sure you must have heard that you should have a minimum balance of $30 dollars in your Payoneer account before you can go for a Payoneer MasterCard order.
You might be wondering how to fund the account. Never mind!
In this post, you will learn how to transfer money to your Payoneer account in Nigeria.
You may also like Payoneer account sign up.
Table of Contents
HOW TO FUND YOUR PAYONEER MASTER CARD IN NIGERIA
You cannot fund your Payoneer account can by doing bank transfer from your Nigerian bank account to your Payoneer card.
There are many ways you can use to fund your Payoneer MasterCard in Nigeria; you can buy Payoneer funds in Nigeria by looking for Payoneer account holders that are willing to sell Payoneer fund in exchange for Naira, or you will have to sign up with websites that use Payoneer as one of their payment options. Example of such sites are Upwork, Fiverr, Lazada etc.
You can Register, work, and earn money on such sites to get paid into your Payoneer account.
Youn can also fund your Payoneer account through Payoneer referral bonus, where you earn up to $25 dollar for inviting friends to join Payoneer.
You can also use the request payment option, where you request payment from your clients, to enable you to fund your Payoneer account.
HOW TO FUND YOUR PAYONEER ACCOUNT VIA REQUEST PAYMENT OPTION
This method is about the easiest and the most reliable option available; Simply Log In To your Payoneer Account.
- Scroll To Request Payment and Click On It.
- Select My US Payment Service Profile. On this section, you will see the following information;
- Bank Name.
- Account Number.
- Account Type.
Please write them down correctly, and take it with you to the bank., and use it to fund your account with the help of your account officer.
After processing the payment, it takes about 10 to 30 minutes for the funds to reflect in your Payoneer Account. Also, ensure you have activated your Payoneer card beforehand.
Please note; You may be required to open a domiciliary account for this transaction, depending on your bank, if this is the case with your bank you will also need to fund it with naira for dollars and then transfer the dollars to your Payoneer Account from the domiciliary account.
Please Note: A little Payoneer Nigeria charged to Transaction fees may apply.
HOW TO ACTIVATE YOUR PAYONEER MASTER CARD
Your Payoneer card can be activated your online, to do this;
- First login to your Payoneer account and select Settings > Payoneer Cards.
- Select the card need to be activated and click Activate.
- Follow the on-screen instructions to have your Payoneer card activated.
Please note: You can only activate a card that you have received because you will need the full details of the card to activate it.
Once you receive your card, it can be activated at any time provided it has not expired.
HOW TO TRANSFER MONEY FROM YOUR PAYONEER TO YOUR LOCAL BANK ACCOUNT
Funds transfer from Payoneer account into your Local Nigeria account is now possible.
This service was formerly not supported until recently, and interestingly it is not difficult at all.
To do this, you have to first add your Nigerian bank account details to your Payoneer account. Follow the simple steps below do this;
- First, log in to your Payoneer account @ www.payoneer.com.
- Navigate to Settings from the main menu, and choose Bank Accounts.
- Select Add new bank account.
Endeavour to follow the on-screen instructions to add your bank account details. Please, note once you submit your bank account details, you will not be able to edit it.
You really need to be extremely careful while filling this information.
However, if you make a mistake, you don’t need to worry, all you will need to do is to add a new bank account with the correct details.
Once Payoneer will review the bank account details submitted and once approved, you will receive an email notification.
HOW CAN I WITHDRAW MONEY FROM PAYONEER TO MY LOCAL ACCOUNT
To withdraw/ transfer money from your Payoneer account to your local Nigeria Bank account, please follow the steps listed below;
- Go to the main menu, and navigate to Settings, then click on Bank Account.
- Select the bank account you want to withdraw to, and click on withdraw.
- Ensure you follow the on-screen instructions to make a withdrawal.