Accept Payments from international clients | Payment request solution | Payoneer (2024)

FAQs

Accept Payments from international clients | Payment request solution | Payoneer? ›

Money sent from another country can be deposited directly into your bank account via an international wire transfer. You must supply the sender with your bank data, including your complete name, bank account number, sort code, and IBAN and SWIFT codes.

Money sent from another country can be deposited directly into your bank account via an international wire transfer. You must supply the sender with your bank data, including your complete name, bank account number, sort code, and IBAN and SWIFT codes.

With Payoneer, you can send and receive payments here, there, and everywhere – and in more than 22 currencies. One Payoneer account connects you seamlessly to freelance marketplaces, networks, and business platforms in over 190 countries.

Once you fill out the details of your payment request, we'll send an email to your client on your behalf, with details on how to pay (you will receive a copy for your records). Your client chooses their preferred method of payment and sends the funds directly to your Payoneer account.

All you need to do is provide the sender with your bank details when sending to bank accounts in the US – your ABA routing number, account number, address, city, state, zip and phone number.

That means the higher volume of transactions, the more of a fixed rate you will pay through PayPal. In this case, Payoneer is the winner. If you're making international payments, Payoneer has slightly higher exchange rates, but again, if you are making a high volume of transactions, it still may be the better platform.

To receive only international payments, you just need to: Verify your PAN (Permanent Account Number) Add your Indian bank account. Select a Purpose Code.

What is the disadvantages of Payoneer? ›

Pros & Cons

Limited functionality; can't accept in-person payments. Customers report account freezes and terminations, resulting in the loss of funds. Must pay a withdrawal fee to move funds from your Payoneer account to your bank account.

Payoneer is licensed and regulated by multiple government regulators. As a regulated financial institution, customer funds that are managed by Payoneer are kept in segregated, safeguarded accounts by legal requirement. Our core obligation at Payoneer is to protect your funds and prevent money laundering.

With Payoneer, you don't have to live in a country to get paid in its currency. It's easy to get paid by clients and marketplaces in the US, UK, Europe, Japan, Canada, Australia, Singapore, Hong Kong, and UAE – then withdraw locally in more than 190 countries.

Can I create Payoneer without a bank account? You don't need a bank account to register for Payoneer, but you will need one to withdraw your money to a local bank . Alternative you can withdraw money through Jazz Cache.

The great thing about Payoneer is that you are not charged anything when you receive money from another person, regardless of the payment method they use.

The sender will have to initiate the transfer from their bank account usually via online or mobile banking. All you'll need to do is provide some details including your name, account number, residential address, your bank's name and a SWIFT or a Bank Identifier Code (BIC). You can request these from your bank.

Online payment platforms like Skydo, PayPal, and others allow users to send and receive payments digitally through a virtual currency account. The users can deposit the funds into their bank accounts by converting the currency per the foreign exchange rate and paying the applicable conversion fee.