In this guide, I will show you how to open a Payoneer account in Nigeria and also how to get your Payoneer Mastercard free in Nigeria
How to get a Payoneer MasterCard in Nigeria is the challenge a lot of people, especially digital marketers and bloggers are facing in Nigeria today.
This article will guide you on how to get a Payoneer MasterCard in Nigeria.
Regrettably, most of these online money-making platforms tend to have a disdain for Nigerians and their preferred method of payments are not quite favorable for Nigerians.
Nigerians are not accepted by PayPal, which is undoubtedly the most popular online payment option today.
But all that changed with the advent of the PAYONEER online payment system which has become a close alternative to PayPal and Checks as a means of receiving your earnings from online jobs here in Nigeria.
What is Payoneer
Payoneer is an online payment solution that allows businesses, professionals, E-commerce, freelancers, and affiliate marketers to conduct financial transactions.
Payoneer is an online payment solution company that offers a wide range of financial services to its customers in all the continents of the world.
Unlike PayPal which does not accept certain countries like Nigeria, Payoneer accepts every country including Nigeria.
Unlike PayPal, Payoneer provides you with a Virtual US Bank Account number as well as a Mastercard that you may use to withdraw money from any ATM worldwide.
Hence, the Payoneer account can be used by Nigerians to receive their earnings from several online job platforms directly without any trouble!
It opens up a wide range of payment options on the internet, making it easier for brands or business owners to provide services and make revenue.
This method of payment is utilized all around the world, including in Nigeria, to generate revenue from online services.
Airbnb, Envato, and other brands that employ this payment service are examples.
I’m sure you’re wondering if Payoneer works in Nigeria…
YES! It has proven to be quite beneficial in Nigeria and other countries.
The financial institution issues a PAYONEER MASTER CARD, which can be used to withdraw money from any ATM in Nigeria that is part of the international master card network.
Another alternative is to make a bank withdrawal, which allows you to get money into your Nigerian bank account.
Be it Fiverr.com, upwork.com, freelancer.com, Clickbank, markethealth, infolinks; just mention it- you can receive your earnings directly and make withdrawals at most ATMs here in Nigeria with your Payoneer Mastercard
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How to Use a Payoneer System
This is a very efficient payment method, and business owners may access their Payoneer accounts from anywhere in the country.
To check your balance and transactions, simply login to their dashboard on their website.
Withdrawals can also be made using the Payoneer master card or by depositing funds into your bank account, but only one of these methods can be utilized at a time.
Credibility of Payoneer
I’m sure you’re asking if Payoneer is safe at this moment… CERTAINLY!!! The European Union, in collaboration with the United States of America, successfully manages and regulates it.
In August 2019, Payoneer became an FINCEN-registered money service business and a licensed money transmitter in numerous American states.
It is also an E-money institution licensed by the Financial Service Commission (FSC) in Gibraltar under the Financial Services Electronic money regulations in 2011 and the Financial services Banking Act in 1992
In addition, it is a registered system in Australia, Canada, and a number of other nations.
Opening a Payoneer account in Nigeria or any other nation is free, however, there are small costs for receiving, sending, and withdrawing payments.
Over the years, there have been various disputes and arguments about the effectiveness of the Payoneer system and other payment methods.
They have disparities in terms of the features they provide in different countries. The location in which they are employed is a crucial predictor of their usefulness.
Payoneer makes money by charging fees on every financial transaction that takes place on their platform, and this generates a lot of money because the system is widely used around the world.
Several banks and financial organizations have adapted to this one-of-a-kind payment method, making it easier for their clients to make payments.
Over the years, there have been various disputes and arguments about the effectiveness of the Payoneer system and other payment methods.
They have disparities in terms of the features they provide in different countries. The location in which they are employed is a crucial predictor of their usefulness.
Payoneer makes money by charging fees on every financial transaction that takes place on their platform, and this generates a lot of money because the system is widely used around the world.
Several banks and financial organizations have adapted to this one-of-a-kind payment method, making it easier for their clients to make payments.
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How to Sign Up For a Payoneer Account
Let me teach you how to sign up for a Payoneer account for free before I show you how to get a Payoneer MasterCard in Nigeria.
Payoneer is an online money transfer service that allows you to send money from anywhere in the world to your local bank account. It also accepts payments for e-commerce services.
The best part is that it is completely free, and they provide a variety of services that are simply too good to pass up.
If you want to get a Payoneer debit card in Nigeria, you’ll need to first create a free Payoneer account.
To set up a Payoneer account is fairly simple. All you need to do is sign up on the official web page of Payoneer and follow the instructions given there.
To create a Payoneer account for free, follow the steps below.
1. First, you fill in your full name, address and every other detail as it is slated out on the ID card you want to use for verification.
2. Then you set a password that would be known to just you and easy to remember, fill in your Secret Question and Answer and select your ID type e.g driver’s license and provide the details of the ID as requested.
3. Complete your Payoneer application process.
After completing the above process, you will need to exercise patience for approval.
When it has been approved, a notification will be sent to you via email. You can then proceed to fund your Payoneer account with at least $30 before you can be eligible to apply for the Payoneer Mastercard.
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How to Get A Payoneer MasterCard in Nigeria
Below is how to get a Payoneer MasterCard in Nigeria.
Before you may request the Payoneer debit Mastercard, you must have a minimum balance of $30 in your Payoneer account.
You can order your Payoneer prepaid debit card once you have deposited or received a minimum of $30 into your account.
To order your Payoneer MasterCard, go to Settings, then Payoneer Card on your dashboard.
After that, simply follow the on-screen instructions to place your order for your card.
Your Payoneer Mastercard will be mailed to the shipping address you specified during the application process once you have successfully applied for the card.
Although the Payoneer Master card may take a few weeks or months to arrive at your Nigerian address.
If the anticipated delivery time has passed and your card has not arrived at your home address, go to the nearest Post Office office in your neighborhood or nearest to you and give them your name and the shipping address you used to find it.
This is done in case there was an issue in the actual mailing address you put out during the signup process and it was delivered to the nearest post office to your address.
You must sign in to the Payoneer website to activate your Payoneer Mastercard after you have received it.
Once activated, you can use it to withdraw money from any MasterCard-accepting ATM in your own currency or to make purchases at online and offline stores.
In addition to the packages that come with signing up for this payment system, you get a free US bank account with a routing number and everything as soon as the account is set up.
Which includes a free PAYONEER MasterCard from Payoneer that can be used at local ATMs.
You will also receive a free $25 referral bonus for each person you introduce to the payment system.
A great benefit of using Payoneer Master Card is that you can withdraw your funds from anywhere in the world through MasterCard supported ATM machine.
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How To Link US Virtual Bank Account To Payoneer MasterCard
I believe before getting to this point, you must have activated your Payoneer Mastercard. If your answer is in the affirmative, you are good to go!
To get and link your US bank account to your Payoneer Mastercard, you will have to log on to www.payoneer.com and sign in to your account. (I believe you have forgotten your login details?)
Click on the Menu Bar and select “Receive”. From the options that will come up, select “US Virtual Bank Account”.
After providing the required information and completing the request process. You will be sent a notification as soon as possible. This could however take a few working days; so be patient.
Once that is done, you are good to go. Start submitting your virtual bank account number for your online transactions and begin to withdraw your money here in Nigeria with ease.
I believe the whole process (from the beginning to the end) is simpler than you have imagined. That’s why Cyriltips.com is here for you- we simplify all complex (money making tips) for our esteemed readers.
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Quick Tips
- While filling your personal information on Payoneer website, ensure that the name and address on your documents are the same with the ones you have submitted because you will be asked to scan and submit the document (Your means of identification) for confirmation.
- For your shipping address, you can use a different address if you don’t want the card to be delivered to the address on your document.
- Avoid using ambiguous address for this might lead to you being unable to get your card delivered to you.
- If your card is lost, stolen or not delivered, you can request for another one. However, after requesting for the second time, you will be required to pay $50 subsequently.
FAQ
What is the best bank to withdraw Payoneer in Nigeria?
There are many Nigerian banks that accept Payoneer MasterCard. With these banks, you can easily slot in your Payoneer Mastercard in their ATMs and withdraw your cash.
However, the best Nigerian banks to withdraw your Payoneer funds includes:
- Guarantee Trust Bank GTB
- Zenith Bank of Nigeria
- First Bank Of Nigeria
Other great Nigerian banks to withdraw your Payoneer funds includes:
- UBA
- FCMB
- Access Bank
- Fidelity Bank
You might also want also read Bank in Nigeria
Where Can I Use Payoneer MasterCard?
Payoneer Mastercard is a multipurpose card that can be used in almost all the countries of the world including Nigeria.
The card is accepted in almost all the leading e-commerce websites in the world like Fivver, Upwork, Jumia etc.
Also, you can still use your Payoneer MasterCard to withdraw money in Nigerian ATMs and around the world as well.
Can I Withdraw From Payoneer In Nigeria?
Any person can withdraw from his Payoneer account in Nigeria and any other country you may find yourself in.
The main reason Nigerians go for Payoneer is the fact that it gives us access to receive money abroad and withdraw it locally using our Payoneer Mastercard.
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Wrapping Up: How to Get A Payoneer MasterCard in Nigeria
Payoneer is the greatest option for withdrawing money from PayPal in countries where PayPal’s full functionalities are not yet available, such as Pakistan, Egypt, North Korea, and Iran, as well as a slew of others, including Nigeria.
The majority of consumers also utilize the Payoneer technology to link their PayPal account to their US payment provider. Payments from affiliates and merchants can be received using the Payoneer account.
Payoneer is a simple and convenient way to get paid online as well as to conduct cash transactions.
Payoneer has made transactions easier for corporations, freelancers, and a variety of other online firms. It’s a safe, secure, and frequently used method of making payments and conducting daily business.
That’s all on how to get a Payoneer MasterCard in Nigeria. Thanks for reading our guide on how to get Payoneer Mastercard free in Nigeria.
I hope this article on how to get a Payoneer MasterCard in Nigeria helps?
Do you have any questions? Feel free to drop it in the comment box below.