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The simpler way to pay contractors, suppliers, and team members

Itai DishiItai Dishi
February 15, 2020

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.

Questions? See our step-by-step guide to paying other Payoneer users. Does your recipient not use Payoneer? Learn how to pay them with ease.

Watch this video to learn how to add a supplier bank account to your Payoneer account and pay suppliers and other contractors.

Start Making Payments

Editor’s note: The original post was updated on 15.02.2020 for accuracy and comprehensiveness.

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