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How Walmart Canada eSellers Can Get More from Their Payoneer Account

Richard ClaytonRichard Clayton
October 19, 2021

Since 2005, Payoneer has helped millions of online sellers around the world simplify the way they get paid by offering a wide range of services that take the stress out of business-related payments.

Here are just some of the ways online sellers like you can benefit from Payoneer’s fast, cost-effective and secure payments solution.

Get paid globally as easily as you do locally

In today’s digital economy, your Payoneer account enables you to get paid from an array of global marketplaces in multiple currencies as though you had a local bank account.

Local Receiving Accounts 

Payoneer’s local receiving accounts enable you to receive local bank transfers from companies and top marketplaces in the US, CA, UK, EU, and more, all directly to your Payoneer account. Basically, your receiving account acts just like a local bank account, so you’re essentially receiving an international payment via a bank transfer.

You’re then able to use your earnings to pay:

  • Your overseas vendors by sending funds directly to their bank account
  • Advertising costs directly from Payoneer
  • Manage your currencies and transfer them between your receiving accounts so you always have the currency you need

Manage Currencies

Earning in one currency but need to make a payment in another? We can help you to transfer funds easily and quickly between different Payoneer balances to ensure that you have the currency you need for your international payments. It’s also affordable! We use the current market rate and we only charge a fee of 0.5% so you’ll know exactly how much you’re going to receive.

Withdraw to Bank

Wave goodbye to expensive international wire transfers and say hello to more global business opportunities. With Payoneer’s Withdraw to Bank service, you can easily withdraw your funds from your Payoneer account to your local bank account in local currency. We support withdrawals to local bank accounts in over 150 countries! Plus, when you withdraw, you’ll see the exact conversion rate, so there are won’t be any unexpected surprises.

Sending Payments Globally

As a seasoned eCommerce merchant, you know that there are multiple costs associated with running your online business. From paying suppliers and contractors to paying local VAT authorities, you’ll need help to run your business smoothly.

Let’s dive into all of our features that can help you with sending payments abroad.

Make a Payment

Need to pay a team member, supplier or contractor? Payoneer’s Make a Payment Service enables you to pay them using your Payoneer balance, whether they have a Payoneer account or not. If not, you can pay them directly into their bank account for a low fee.

If you need to pay a supplier, contractor or business partner that doesn’t have a Payoneer account, don’t worry, it’s simple! Just follow the steps in the video below and you’ll be able to pay them via bank transfer in just a few clicks!

Batch Payments

Need to pay multiple suppliers, contractors or service providers who don’t yet have a Payoneer account? With Payoneer, our mission is to simplify and streamline the payments process by enabling you to make single payments or batch payments of up to 200 payments to your recipients’ bank accounts.

Easily send up to 200 payments and pay from different balances to different currencies, all in one file. We’ll provide you with a template file that you can enter the payment information into and then upload that file and leave the rest to us. That way, you can save time and money by managing your payments in one single place.

Pay VAT

Speaking of the expenses that eCommerce sellers face, anyone selling in Europe or the UK is accustomed to those three letters that represent your tax obligations… VAT. We know that calculating your VAT dues can be a tough task on its own, so that’s why we’re here to make it as simple as can be.

Use our VAT portal to select the country that you need to pay, enter the amount, and hit the “Pay” button.  It’s never fun to pay your VAT but at least it won’t be a headache to worry about making an international transfer with costly fees attached. Did we mention paying VAT from your Payoneer balance is free? It is. It’s totally free.

Pay with the Payoneer Digital Purchasing Mastercard®        

As a cross-border seller, it’s important you have the right tools to make business payments as convenient as possible. The Payoneer Digital Purchasing Mastercard® was built to do business and gives you the freedom and flexibility to make payments with ease.

As a Payoneer customer receiving payments to your Payoneer account, you can use your Digital Card, to enjoy the following:

  • Higher spending limits
    Enjoy daily limits of up to 200,000 USD with no monthly maximum. *
  • Freedom to spend with higher acceptance rates
    Easily pay for advertising and other business services from Amazon, Google, Facebook and more wherever Mastercard® is accepted.
  • Organize how you pay
    Streamline expenses across platforms, and product lines with multiple digital cards in the same currency.

*Depends on eligibility.

The bottom line is that when it comes to eCommerce, Payoneer has you covered and we’re constantly providing our customers with more tools, services, and partners to support their businesses.

So, if you’re looking to get more from your payments solution, look no further. Log in to your Payoneer account today!

Log in to your Payoneer account

The content provided in this article including any information relating to pricing, fees, and other charges is accurate and valid only as of the date it was published. In addition, changes in applicable regulations, policies, market conditions, or other relevant factors may impact the accuracy of the mentioned pricing and fees and other associated details. Accordingly, it is further clarified that any information regarding pricing, fees and other charges is subject to changes, and it is your responsibility to ensure you are viewing the most up to date content applicable to you. Payoneer will provide the most up to date and accurate information relating to pricing and fees as part of the account registration process. Registered customers can view this information via their online account.

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