17 Mar 2016

How To Send/Receive Money From One Payoneer Account To The Other

I call this Payoneer to Payoneer money transfer. Now, to those who are new and probably don't know what Payoneer is all about, Payoneer is an online payment company that helps you receive and make payments online in dollars or pounds. Which can be withdrawn/converted to cash from any ATM machine with mastercard logo using Payoneer prepaid MasterCard available for free to all Payoneer account holders.
3d man on payoneer mastercard

Payoneer, as an e-currency company, with the likes of PayPal, payza, webmoney etc used to support money transfer to PayPal and the likes but currently has put an end to it for reasons best known to them and PayPal. In fact before, you can easily get a verified PayPal account using your working Payoneer account.

So as a user, having been faced with the problem of not being able to transfer money from Payoneer to paypal, in other to get good exchange rate for my Payoneer dollars from third party exchangers that accept Payoneer dollars, I had to device means to send from Payoneer to other Payoneer accounts. Which in fact is a feature available to almost everyone from your account dashboard.

How To Transfer Funds From One Payoneer Account To Another

==>First, you must have a Payoneer account. You can get one here and stand a chance to earn free $25.
payoneer make a payment

==>After signing up, make sure that the MasterCard attached to your account is active and functioning well. As accounts with expired cards can't send or receive payments.


payoneer make a payment 2
==>Login to your account and Click on the "Pay" button at the top left corner of your screen. A drop down should appear. Click on "Make a Payment" and you are good to go.

==>In the "To" space, enter the email address attached to the account of the person you are sending money to. Enter the amount along with a reason for the payment (you can leave that empty if you want. As writing may lead to delay in transfer) and click on "Continue".


payoneer payment approval
==>Confirm your payment by clicking on the "Approve Payment" button and that's all. Two mails will be sent to your mailbox. The first us more like a notification that they've receive your order to make transfer. And the second, a confirmation that they've sent the money to the recipient.

How To Receive Money From Another Payoneer

==>First, you must have a Payoneer account. You can get one here and stand a chance to earn free $25.

==>After signing up, make sure that the MasterCard attached to your account is active and functioning well. As accounts with expired cards can't send or receive payments.

==>Send the email address attached to your Payoneer account to the person you wish to receive money from and ask them to follow the instructions above to send you the fund.

==>Immediately they send it, you should get a notification from Payoneer. And your account balance will be updated with the given figure/amount sent.

See: How To Withdraw Funds From Payoneer To Your Country Bank Account

Note: It shouldn't take time to reflect. As its almost instant. However, in some cases you may have to wait for 2 or more hours. If you dot want to follow the above steps, you can as well use the payoneer "request a payment" feature located at the top lef corner of your screen under the "Receive" tab.

Limits, What You Need To Know
payoneer transfer limits
==>Its completely free. No charges are attached.
==>A s you can see from the above image, the minimum amount once can transfer is $50
==>You can only recieve as much as $3,000 in one day (24hours)
==>Maimum amount you can send in a day is $2,000
==>Maimum amount you can recieve within a period of 30 days is $15,000.
==>Maimum amount you can send within a period of 30 days is $10,000.

Currently, i dint know if their is a limit to the amount of transfers you can make in a day, week or month. If you have any other question regarding this or Payoneer in general, feel free to ask using the question box below.



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2 comments:

  1. Thanks a lot for the info. Now with the little info I also got from http://joelinkstech.blogspot.com.ng/2016/05/how-to-transfer-and-receive-money-from.html, I can now easily transfer funds from my payoneer account!

    ReplyDelete
  2. Thank you for such an amazing guide.
    I got Payoneer $25 Bonus after using your link.

    ReplyDelete