How to get a Payoneer MasterCard in Nigeria is the challenge a lot of persons, especially digital marketers and bloggers are facing in Nigeria today.
This article will guide you on how to get a Payoneer MasterCard in Nigeria.
What is Payoneer
A Payoneer is a payment service that enables businesses, professionals, E-commerce, and freelancers, and affiliate marketers to make cash transactions online.
It creates a wide range of possibilities for making payments online, thereby making it easier for brands or business owners to render services and generate income comfortably.
This system of payment is used globally with Nigeria inclusive to generate income from their online services.
See Also: 10 Best ways to make money online in Nigeria.
Examples of brands that make use of this payment service include; Airbnb, Envato, etc.
I know you are wondering if Payoneer is effective in Nigeria…YES! It is greatly effective in Nigeria as well as other countries.
The financial company issues a PAYONEER MASTER CARD that enables withdrawal from any AUTOMATED TELLER MACHINE (ATM) that is on the international master card network in Nigeria.
Also, bank withdrawal that permits payout to your bank account in Nigeria is also another viable option.
How to Use a Payoneer System
This payment system is quite efficient and business owners can check their Payoneer accounts from anywhere in the country.
All you need to do is log in to the dashboard from their website to check your balance and transactions.
Withdrawals can also be made by using the Payoneer master card or to your bank account but only one of these options can be used at a time.
Credibility of Payoneer
Am sure that at this point you are wondering if Payoneer is safe… OF COURSE!!! It is effectively managed and regulated by the European Union alongside the United States Of America.
Payoneer is a registered money service business with FINCEN and as a licensed money transmitter in several American states in August 2019.
It is also an E-money institution licensed by the Financial Service Commission (FSC) in Gibraltar under the Financial Services Electronic money regulations in 2011 and the Financial services Banking Act in 1992.
It is also a registered system in Australia, Canada, and several other countries.
Payoneer account is free to open in Nigeria as well as in any other country but there are minor fees for receiving, sending and withdrawal of funds using the system.
There have been several debates and arguments on the efficiency of the Payoneer system and other payment systems over the years.
They have their differences with respect to the features each offer in various countries. A major determinant of their usefulness is dependent on the location they are been used.
Payoneer generates income from the charges placed on every financial transaction done through their platform and this brings a high level of income because the system is widely used globally.
Several banks and financial institutions have adapted to this unique payment system and it has made payments easier for their customers who use it.
Such financial institutions include INDUSLND BANK FOR LOCAL COMPLIANCE in India.
How to Sign Up For a Payoneer Account
Before I show you how to get a Payoneer MasterCard in Nigeria, let me first show you how to sign up for a Payoneer account for free.
Payoneer provides online money transfer from any company in the world right to your local bank account and it also engages in e-commerce service payments.
The awesome thing about it is the fact that it is free of charge, they offer several services which are too good to pass by or overlook.
To get a Payoneer debit card in Nigeria, you will first need to open a Payoneer free account, if you are yet to do so.
To set up a Payoneer account is quite simple. All you need to do is sign up on the official web page of Payoneer and follow the instructions given there.
To create a Payoneer account for free, follow the steps below.
1. First, you fill in your full name, address and every other detail as it is slated out on the ID card you want to use for verification.
2. Then you set a password that would be known to just you and easy to remember, fill in your Secret Question and Answer and select your ID type e.g drivers license and provide the details of the ID as requested.
3. Complete your Payoneer application process.
After completing the above process, you will need to exercise patience for approval.
When it has been approved, a notification will be sent to you via email. You can then proceed to fund your Payoneer account with at least $30 before you can be eligible to apply for the Payoneer Mastercard.
How to Get A Payoneer MasterCard in Nigeria
Below is how to get a Payoneer MasterCard in Nigeria.
Payoneer requires a minimum of $30 to be in your account before you will be qualified to request for the Payoneer debit Mastercard.
Once you have funded or received a minimum of $30 into your account, you can then proceed to order for your Payoneer prepaid debit card.
To order for your Payoneer MasterCard, on your dashboard, click on Settings, then Payoneer Card.
After this, follow the instructions to successfully order for your card.
Once you have successfully applied for the card, your Payoneer Mastercard will be shipped to the shipping address you provided during the application process.
Although the delivery of the Payoneer Master card to your Nigerian address might take few weeks or months.
If the estimated time has passed and your card was not brought to your home address, it is suggested that you check the nearest Post Office branch in your locality or closest to you, give them your name and the shipping address you used to search it for you.
This is done because it may be delivered to the nearest post office to your address if there was an error in the actual shipping address you filled initially during the signup.
Once you have received the Payoneer master card, you will have to Sign in to the Payoneer website to activate your Payoneer Mastercard.
Once activated, you can start using it to withdraw your funds at any MasterCard supported ATM machine in your own currency or to purchase at online/offline stores.
In addition to the packages that come with signing up to this payment system, as soon as the account is set, You get a free US Bank account with routing number and all.
Which comes with a PAYONEER MasterCard from Payoneer for free that works on your local ATM machines.
Also, you will get a free $25 referral bonus which comes for every person you introduce into the payment system.
A great benefit of using Payoneer Master Card is that you can withdraw your funds from anywhere in the world through MasterCard supported ATM machine.
Payoneer is the best choice to withdraw money from PayPal in unsupported countries like Pakistan, Egypt, Korea North, and Iran and a host of others including Nigeria which PayPal full features are not yet enabled.
Most people also make use of the Payoneer system to verify PayPal account with their US payment service. The Payoneer account can be used to receive payments from affiliates and merchants online.
Payoneer is a very convenient way to get paid online and also make cash transactions.
Payoneer has made it easier for businesses, freelancers and several other online brands to make transactions. It is a reliable and widely accepted means of making payments and carrying out your daily transactions.
That’s all on how to get a Payoneer MasterCard in Nigeria. I hope this article on how to get a Payoneer MasterCard in Nigeria helps?
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