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