The simpler way to pay contractors, suppliers, and team members
Do you need to pay a team member, supplier, or contractor? Our Make a Payment service lets you easily make payments to just about anyone, even if they don’t yet have a Payoneer account.
Payoneer offers a unique service which will save you hoards of time and money. You can rack up some pretty hefty sums paying your colleagues via bank transfer or e-wallet services. What’s more, those transfers often take several days as they go through various approval channels. Cross-border bank transfers take even longer, and are at risk of racking up extra fees or even getting lost on the way.
Payoneer’s Make a Payment service allows users to pay any Payoneer customer via a simple account-to-account transfer, and takes only a few hours for payment to arrive in your recipient’s account. If you want to pay someone who isn’t a Payoneer user, you can do so via bank transfer directly from your Payoneer account.
Let’s say you have to send your global shipping company a payment of 10,000 USD. If you pay via bank transfer, the currency exchange fees alone could cost you as much as 5%. That’s an additional $500! But instead, if you make that exact same payment with Payoneer, you pay zero fees. So, why would you lose an extra $500 in bank fees when you don’t have to?
Here’s what you should know paying other Payoneer users:
- It’s simple: You can pay just about anyone, simply by entering their email address, the payment amount, and the reason for the payment.
- It’s available 24/7: You can make a payment any time you want by logging in to your Payoneer account.
- It’s fast: No more waiting 3-7 days for a bank transfer to go through. Once you fill in the payment details, your payee will typically receive the funds to their account within hours.
Watch this video to learn how to add a supplier bank account to your Payoneer account and pay suppliers and other contractors.
Editor’s note: The original post was updated on 15.02.2020 for accuracy and comprehensiveness.