Payoneer is a payment method. You can apply for a free Mastercard with a Pioneer account. With Payoneer Mastercard, you can easily transfer dollars from international marketplaces like Fiver, Upwork, etc., and using Mastercard you can withdraw money from local bank ATM booths in Bangladesh.
When you work in freelance marketplaces as a professional freelancer and bring your earned money to Bangladesh, you need to take such an online banking service.
How to create an account on Payoneer?
Creating an account on Payoneer is very easy. There are a few things we need to keep in hand before creating a Payoneer account.
1) Your voter ID card or driving license or passport (anyone)
2) An email account (if you don't have one you can get a free Gmail account)
3) An account will be required in any bank in Bangladesh
4) A mobile number
Think you're working on a freelance marketplace but don't have a voter ID card or driving license or passport. In that case, you can create an account using the information of your father, mother or elder brother, or sister who has a voter ID card or driving license, or passport. There will be no problem transferring dollars from marketplaces or receiving payments from clients.
After creating an account you can log in using your username and password. Your application will be checked by Payoneer and if everything is fine you will receive a mail in your email within 4-5 days that your account has been approved for use.
How to send a request from Payoneer to the client to pay you?
Through Pioneer you can easily take payments directly from your clients. After sending the payment request, if the client confirms, the dollar will be in your account within 48 hours.
How to apply for Payoneer MasterCard?
After getting your Payoneer account approved, the first thing you need to do is to deposit $100 into your Payoneer account from any international online marketplace like Fiver, Upwork, etc. Then you can apply for a Mastercard at Pioneer. After applying, the card will arrive at your home or office address within 15 days.
Payoneer will not charge you any fees for ordering the card. If for some reason the card does not arrive at your home or office, then you can inquire at the post office. If still not received then you need to order the card again from Payoneer for resending or you can contact Payoneer support.
With Dollars in Payoneer, you can withdraw money using MasterCard from any ATM booth in Bangladesh that supports MasterCard.
How to add any local bank account in Bangladesh to Payoneer?
You can add more than one Bangladesh local bank account (Dutch Bangla Bank, Islami Bank, BRAC Bank, etc.) to Pioneer. First, you need a bank account and then you can easily add it by logging into your Payoneer account. After adding a bank account it will take 3-5 days to verify if everything is ok then you will get a confirmation message by email.
How to bring money from Payoneer to any local bank in Bangladesh?
If you withdraw money from an ATM using a Payoneer Mastercard, a $3 fee will be deducted each time you withdraw money. You can transfer dollars from Pioneer to any local bank in Bangladesh. If you transfer money to a local bank you don't have to pay any fee it is completely free. Then you can withdraw money through a local bank ATM card for free. If you send dollars from Pioneer to a local bank, the money reaches the bank within 3-5 days.
How to apply for a new card after Payoneer MasterCard expires?
Your MasterCard will be valid for 3 years. You have to apply for a new card before the 3 years are over. Payoneer will email you how to order the new card and when to apply. You will see the notification when you log in to your Payoneer account. There is no dollar to pay for the new card. Pioneer will send you a new card completely free of charge.
Hope you got a very good idea about Payoneer Payment Method. Must watch videos to know more details about everything. If you like the post, please share it. Many people are working in the marketplace but are not able to bring payment properly. Many may benefit by sharing this post. If you have any queries you can comment. Enjoy your learning with WPexpert-LTD.