Send or Receive Money from One Payoneer Account to the Other
This is call 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. This can be withdrawn and converted to cash from any ATM
machine with MasterCard logo using Payoneer prepaid MasterCard available for
free to all Payoneer account holders.
Payoneer, as
an e-payment company, with the likes of PayPal, Payza, Webmoney, etc used to
support money transfer to PayPal and the likes but currently Payoneer 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 your Payoneer dollars from third party exchangers that accept Payoneer dollars, you 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 an active Payoneer account to enjoy this service. You can sign-up for Payoneer account 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.
Log-in 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".
Confirm your payment by clicking on the "Approve Payment" button and that's all. Two mails will be sent to your mailbox. The first is like a notification that they've receive your order to make transfer. And the second, is a confirmation that they've sent the money to the recipient.
How to Receive Money from Other Payoneer
First, you must have an active Payoneer account to enjoy this service. You can sign-up for Payoneer account 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 him to follow the instructions above to send you the fund.
Immediately he sends it, you should get a notification from Payoneer. And your account balance will be updated with the given figure/amount sent.
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.
You may not want to follow the above steps, you can as well use the payoneer "Request a payment" feature located at the top left corner of your screen under the "Receive" tab.
Limits, What You Need to Know
It’s completely free. No charges are attached.
The minimum amount one can transfer is $50
You can only receive as much as $3,000 in one day (24hours)
Maximum amount you can send in a day is $2,000
Maximum amount you can receive within a period of 30 days is $15,000.
Maximum amount you can send within a period of 30 days is $10,000.
If you have any other question regarding this or Payoneer in general, feel free to ask using the comment box below.
