Payoneer is a financial institution established in 2005 in New York. The company has 14 offices worldwide. Currently, the payment system has more than 4 million users, and it is a partner in the implementation of mass payments of marketplaces such as Upwork, Fiverr, Amazon, Airbnb, Google, Etsy Payments.
It is also a partner of Interactive Brokers, which enables Payoneer users to fund their Interactive Brokers accounts from current balances and withdraw funds from there back to their Payoneer account. You can also use your Payoneer card as a payment method on Binance (without limits).
The company is licensed in the United States, Hong Kong, Japan, Canada, Australia and Gibraltar.
OPEN AN ACCOUNT IN PAYONEER
Personal, corporate.
The payment system offers users virtual bank account details to receive incoming bank transfers. These accounts are opened in American, European and other banks. At the moment, it is possible to provide details in USD, EUR, GBP, CNY, JPY, CAD and AUD. Details are unique and permanent, with their help you can make payments through interbank systems with minimal fees (for example, for SEPA - a fee of about 1 EUR). At the same time, counterparties will see only the indicated details of the local bank account, not the payment system.
Accounts are open to all jurisdictions except those under US sanctions.
The cost of opening an account for individuals and legal entities - no commission is charged.
None.
Through a personal online account Payoneer.
Monthly maintenance of accounts of individuals and legal entities - no commission is charged.
Incoming payments:
- crediting transfers to all accounts except USD - no commission is charged;
- crediting in USD (transfers to a dollar account or eCheck) - 1%;
- crediting a transfer from a bank card - 3% of the amount;
- crediting transfers from other Payoneer accounts - no commission is charged.
Outgoing payments:
- to your bank account (withdrawal of funds) - 3% of the transaction amount;
- to the recipient's bank accounts by bank transfer - 3% of the transaction amount;
- Payments or cash withdrawals from Payoneer cards – 3,5%;
- Payments to other Payoneer accounts - no fee.
Take your business account to the next level with our partner VIP status (available only to customers with a turnover of more than 30,000 USD per month), which opens access to exclusive privileges:
1. Accelerated onboarding, verification and processing of requests thanks to a personal VIP manager who will support the account during the first 3 months. The manager will help launch the account and set up the necessary options. After the 3 months, the account remains in VIP status (with special rates and access to the premium Customer Support channel). If you cooperate with Payonner without Campio Group partner status, a personal manager will be available only with a turnover of 50,000 USD per month.
2. Reduced commissions:
- fees for incoming ACH payments in USD – 0% (instead of 1%);
- commission for outgoing payments to other banks - 2% (instead of 3%). This fee can be even lower if the income is higher (30-50-100K-1M USD per month).
Permanent discounts on all tariffs from 50% on their cost are applied to VIP accounts.
The procedure of opening the account consists of two stages: the preliminary stage and final stage of opening an account.
The preliminary stage includes the process of collecting and filing your documents which are required for opening an account. The terms of preliminary stage depends wholly on you.
The account is opened within 5 working days from the date of submission of all necessary documents in the payment system.
Payoneer follows KYC policy and reserves the right to require additional documents what may lead to account opening term exceeding, as well as refusing of account opening without reasons explanation.
Working languages: Russian, English.
MasterCard. You can have several cards, both plastic and virtual, on one balance (USD, EUR, CAD, GBP).
Company’s documents – originals of all company’s statutory documents shall be provided. In addition, it is also necessary to provide the details of the bank account of the company or beneficiary, to which transfers from Payoneer can be carried out.
Documents for the account manager:
- identity document;
- a copy of the document confirming the address of residence (an invoice for utility bills not older than 3 months or a bank statement not older than 3 months).
Documents for the company director:
- identity document;
- a copy of the document confirming the address of residence (an invoice for utility bills not older than 3 months or a bank statement not older than 3 months);
- if the director of the company is a legal entity - copies of the charter documents for the legal entity, copies of passports and utility bills for directors and shareholders of this legal entity.
You must visit our office to fill out questionnaires, as well as certification of documents for the company and director. Further, the documents are sent to the payment system and, after approval, an account is opened.
For further consultation concerning the terms of account opening in Payoneer (USA) please contact our office. We will respond to any questions you may have and will help you open an account in the American payment system Payoneer or any other bank out of 60 foreign banks you may choose from.
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