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Opening an account in Payonner payment system (USA)

Opening an account in Payonner payment system (USA)
  • Price:500 EUR
  • Term:from 7 days
About the payment system

Payonner is an American licensed electronic money system that specializes in affordable payouts and instant transfers. The company was founded in 2005, and during the period of its work it has already served more than 5 million customers worldwide and has 24 representative offices.

The payment system staff is multilingual and speaks more than 35 languages.

Payoneer provides favorable conditions for creating a payment solution for online merchants, digital content creators, freelancers, IT, travel business owners, and allows companies to enter the global online trading markets.In June 2021, the company's shares began to be listed on the NASDAQ exchange, and in 2022, Payoneer entered the Forbes Fintech 50 List.

Name
Payoneer
Opening date
from 7 days
Price
500 EUR
Features of the payment system
  • virtual and physical Mastercard cards (several cards can be issued for one account);
  • available currencies for cards: USD, EUR, GBP;
  • individual account details in USD, CAD, EUR, GBP, MXN, AUD, JPY;
  • multi-currency service for currency conversion;
  • free payment of VAT in the EU and Britain from a Pioneer account;
  • funds are withdrawn to a bank account;
  • payment solutions for mass payments;
  • minimum commissions for transfers;
  • VIP account status and individual reduced commissions for withdrawing funds, transfers, etc. are provided for clients with large turnover (over 30,000 USD/month);
  • the higher the turnover of payments in the account, the tariffs for transfers and payments are lower;
  • clients are provided with direct account details of American and European banks;
  • working with the dollar is possible through SWIFT worldwide, including in the EU;
  • Payoneer operates in 190 countries and more than 70 currencies;
  • the ability to configure API integration for payments;
  • the system is integrated with global trading platforms, more than 2000 partners, including Upwork, ebay, Amazon, Fiverr, AirBnb, Wish, Walmart;
  • Payoneer is suitable for freelancers, online commerce, marketing, digital activities, real estate services, IT;
  • global provider banks whose details are provided to the account: Bank of America - ACH details, Citibank - SEPA, Barclays - BACS and others;
  • customers can make deposits and withdrawals between their Interactive Brokers and Payoneer balances;
  • all Payoneer cards can be used with Google Wallet.
For whom we open accounts

The Pioneer payment system opens accounts for individuals and businesses from all over the world (except for sanctioned countries). Priority opening and service of corporate clients.

Account types

Settlement accounts.

With our affiliate program, there is an opportunity to get VIP account status for those who plan to receive 30,000 USD per month to their Payoneer business account. VIP status provides such advantages as a personal VIP manager, accelerated onboarding, verification and processing of requests, as well as more than 50% discounts on tariffs.

Term:
Account opening:
for all categories of clients
no commission
...
Registration fees may apply in some countries!
Account service:
active
no commission
inactive during the year
29,95 USD/year
...
If your account has received payments in the amount of less than 2 000 USD (or equivalent amount) during the year.
Withdrawals:
to your bank account
up to 3% of the transaction amount
to your bank account for VIP accounts
up to 2% of the transaction amount
Payoneer cards:
issue of additional cards
free of charge
card delivery
free within the USA
...
For other countries, the cost depends on the delivery service and urgency.
annual fee
29,95 USD/year
cash withdrawal
3,15 USD + 1,8%
...
For cash withdrawals from ATMs in the European Economic Area (EEA), Switzerland and the UK.
Payment commission:
between Payoneer accounts
1%
to another bank account
3% of the amount
to another bank account for VIP accounts
2% of the amount
Visit

Accounts in the Payoner payment system are opened remotely, registration and identification of the client takes place online through a personal account.

Account opening procedure
1
Getting to know the client and his business
2
Collection and preparation of documents
3
Sending documents for consideration
4
Compliance verification
5
Positive response from the payment system
6
Customer identification
7
Account activation

Please note that according to international account opening standards, each payment system is required to adhere to the KYC procedure, therefore it will require documents and data confirming identity, business and wealth for identification. Also, a financial institution may, based on its internal rules, refuse to cooperate without giving reasons. In order to avoid such negative consequences, contact specialized lawyers for a preliminary consultation on opening foreign accounts, and we will tell you all the nuances of how to open an account in the American payment system Payoneer.

Popular questions
What types of accounts does Payoneer open?
The Payoneer payment system opens only current accounts. For assistance in opening an account, preparing documents and completing the compliance procedure, leave a request on our website and we will contact you immediately.
How long does it take to open a Payoneer account?
The term for opening an account varies depending on the complexity of the client, the average term is up to 7 days.
Is it possible to open an account in Payoneer online?
Payoneer offers customers remote account opening.
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