We use Payoneer’s Payment service and send and receive payments in different banks and places, but what if we have to transfer money from Payoneer to Payoneer? And you have come to read this article looking for an answer to that question. And I claim to you that after reading this article, You will be able to transfer Money from Payoneer to Payoneer very easily I will answer Frequently Asked Questions related to Payoneer. And rest assured after reading this article you don’t need to read any other article because all your questions are answered in this article. So let’s start knowing about Payoneer and it’s bases and answers your questions.
What is Payoneer?
Payoneer is an online Payment Platform It is almost used by people who have taken their business online and do online banking and selling Such as Freelancers and E-Commerce Marketplaces. Apart from online tasks, people also use it to send money to friends or family members locally It has other advantages and disadvantages which we will discuss in the last part of this article.
Which People Should have to Use Payoneer?
But here, some people may also be harmed by using this payment system, which I will explain in the paragraph below But in this Short Paragraph, we will discuss about For whom is this payment service is beneficial and which people should have to use this service?
If you do any of the following work, I think you should use Payoneer.
Freelancers
I understand that this service is specially designed for freelancers who mostly work in the freelancing marketplace I say this word because in most freelancing marketplaces Payoneer is their default payment system. And if you work directly with clients through social media or elsewhere, Then Payoneer Payment System helps you to get your payments very easily and efficiently.
Small Bussiness
I would not recommend large businesses to use this payment service as you may run into trouble. But yes, if you have a small business and deal directly with the customer, Then I Definitely recommend this Payment service for you. And because of this International Payment quality, Payoneer is used by every other person And I hope you will enjoy using it too😊
Market Places
You will be delighted to know that among the many freelance marketplaces on the Internet Almost all Keep their Default Payment method to Payoneer. And if you take payment from a bank other than Payoneer in a different freelance marketplace, they give you a very low exchange rate and you will lose a lot and if you get your payment through Payooner then you get a decent exchange rate of your currencies, and the fees charges of Payoneer is very low And if you want to know well about Payoneer fees then I have written a detailed paragraph below you can read it.
Which People Should Not have to Use Payoneer?
Some people should not have to use this Payment Service because it can cause them a big loss And if you have read the above paragraph well, then you must have understood that Which People Should have to Use Payoneer? In this Paragraph, I tell you Which People Should Not have to Use Payoneer? So read well otherwise you may suffer a big loss after missing this.
Personal Payments
if you are looking to transfer money from Payoneer to your local family members and friends So you were wrong to think that because Payoneer only accepts business payments And yes, You are able to transfer your personal payment to your friends and family members by giving it as a business role.
Extra Large Bussiness Payments
And yes if you have a very big business here you transfer millions of dollars in payments then you are not able to use Payoneer because there is a certain limit on a transaction which iam clarified in the below table you can see.
Also Read:- Payoneer vs Paypal? Which one is Best?
| Payment Method | Limit |
|---|---|
| Payoneer to Payoneer Transfer | 15,000USD / 15,000EUR / 15,000GBP |
| Payoneer Credit Card | 15,000USD with e-check |
| Payoneer to Other Customers | 100,000USD / Monthly |
Payoneer Payment Transfer Fees
You Can Send Your Payments Internationally through Payoneer with low rates as shown in the table below.
| Method | Fees |
|---|---|
| Payoneer to Payoneer Transfer | FREE |
| e-Check | 1% |
| Credit Card | 3% |
| Local Bank Transfer | 1% |
Payoneer Payment Receive Fees
There are two ways to receive money in Payoneer
Global Payment Service
If You Register for the Global Payment Service of Payoneer then you’re able to receive your payment in different currencies such as (EUR, USD, JPY, and GBP)
For EUR, GBP, JPY, AUD, CAD, MXN: No Fees
Payoneer Global Payment fees
For USD: 1% fee
Pros and Cons of Payoneer
Pros
Its Advantages ^-^
- Cheaper than Other Online Payment Services.
- Own currency accounts easily.
- Debit Card Service Available.
- Faster Processing of Payments.
- Receive Payments in Local Accounts
- Competitive Exchange Rates
Cons
Its Disadvantages ^_^
- Processing time is incredibly slow.
- Verifying the account was problematic and lengthy.
- Support was inconsistent.
- Sending and receiving payments from some countries are still not available.
- Freelancers find it difficult to use Payoneer as it only accepts registered business entity names.
- Continue to provide a range of integrated services related to financial transactions and internal payments.
How to Transfer Money from Payoneer to Payoneer
For Payoneer to Payoneer transfer, you need the email address of another account and after the email address, you can easily transfer Payoneer funds by following the below Steps. And remember, it is completely free, it will not cost you any money, I hope you understand!
1. Go to Payoneer’s Home Page. Click “Pay” Then “Make a Payment“
2. Click “To Recipients Payoneer Account“
3. Enter Recipient’s Email id and Click “Next“
4. Than Choose [ Currency, Amount, Payment Purpose] and Click “Review“
5. Click “I Confirm the Payment Details Above” and Click “Pay“
FAQ’s
Can i Sent Payment from Payoneer to Payoneer?
Yes! In this article, I have told that how you can send Payoneer to Payoneer payment without any disturbance
How long does it take to transfer money from Payoneer to Payoneer?
To Transfer Money from Payoneer to Payoneer it Takes less than a Minute.
What is the minimum withdrawal on Payoneer?
The Minimum withdrawal to Payoneer o Payoneer Transfer is 50$ and the Bank transfer from Payoneer is 100$
Can I withdraw money from Payoneer without a card?
Payoneer Debit Card is Available in different countries but now apart from Payoneer Debit Card you can also transfer money to direct bank
Conclusion:-
In this article, I am telling you the solution to your problem “How to transfer money from Payoneer to Payoneer” I hope you guys like the method.
If you are still facing any problems even after following this. Then definitely let us know by commenting below. if you have occurred any serious problem then you can also contact us we will try to solve your problem as soon as possible. Thanks for Reading By.
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