• Share on Facebook
  • Tweet This Post
  • Share on LinkedIn

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.

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.

SUBSCRIBE to our newsletter

Thank you!