You’ve gotten paid! Now what? Five ways to use the funds in your Payoneer account.
Payoneer’s best-in-class suite of services provides you with the tools to make and receive your cross-border payments with ease, including local receiving accounts, the ability to request payments from clients, and various other ways to get paid. But did you know that we also give you multiple ways to use the funds in your Payoneer account?
From simplified business payments to free VAT payments, with Payoneer you get the ability to easily manage your funds and grow your business. To help illustrate how, here are five ways to utilize your Payoneer funds.
1. Withdraw to your local bank account
Withdrawing funds to your local bank account, no matter the currency, is a simple process that can be done from 150+ countries with competitive exchange rates. Add your local bank account details to your Payoneer account to start accessing your international earnings locally in just a few clicks.
2. Make business payments using a Payoneer card
Pay for digital ads and other business expenses with high spending limits and acceptance rates using a card that was built to do business. Order a physical card for your wallet or go virtual to help protect the environment.
- Enjoy daily limits of up to $200,000 with no monthly maximum*
- Get cashback rewards on all your business purchases with no limitation on maximum spend**
- Pay for advertising on Amazon, Google, Facebook, and more wherever Mastercard® is accepted
- Streamline expenses across platforms and product lines with multiple virtual cards in the same currency
*Subject to eligibility requirements
**Subject to terms and conditions
3. Make business payments directly from your Payoneer account balance
Pay international contractors, suppliers, and employees quickly and securely, no matter where your recipients are located.
- Pay up to 200 recipients at once with a batch payment using downloadable CSV templates*
- Pay other Payoneer customers
*Subject to eligibility requirements.
4. Pay your VAT
Save on costly currency conversions by paying VAT obligations directly from your Payoneer balance for FREE. Skip the bank withdrawal and wire transfers and leave the stress of paying the correct VAT authorities to us.
5. Manage your currency balances
Transfer funds between your currency balances in minutes so you always have the currency you need*. It’s the easiest way to pay your suppliers in their preferred currency no matter what currency you get paid in.
*Some restrictions apply. For more information, see our FAQs.
Growing your business isn’t just about getting paid
When growing your business, knowing how to invest your earnings is just as important as getting paid for your work. At Payoneer, we give you the tools to flexibly use your funds to make business payments, pay VAT, manage your different currency balances, and more. Because at the end of the day, it’s your business, and you should be able to spend your earnings as you see fit.
To start utilizing the funds in your Payoneer account, sign in to your account by clicking below: