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| Payoneer account |
Payoneer is a popular online payment platform that allows individuals and businesses to send, receive, and manage their cross-border payments easily and securely.
Payoneer offers a convenient solution for freelancers, online sellers, and digital professionals in Nigeria, enabling them to access global marketplaces and withdraw their earnings locally.
Contents of This Article
How to Open a Payoneer Account in Nigeria
1. Visit the Payoneer Website
2. Start the Registration Process
3. Provide Your Personal Information
4. Set Up Your Account Credentials
5. Enter Your Contact Details
6. Select Your Account Type
7. Provide Your Government-Issued Identification
8. Complete the Verification Process
9. Accept Payoneer’s Terms and Conditions
10. Receive Account Approval
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11. Activate Your Payoneer Account
12. Set Up Security Questions
14. Link a Bank Account or Card
Additional Tips and Information on Creating a Payoneer Account
Conclusion
Opening a Payoneer account in Nigeria isn’t difficult, here are the steps to take when opening a Payoneer account in Nigeria:
1. Visit the Payoneer Website
To create a Payoneer account, visit the official Payoneer website.
2. Start the Registration Process
Once you’re on the Payoneer homepage, click on the “Sign Up” button located at the top right corner of the screen. This will direct you to the account registration page.
3. Provide Your Personal Information
On the registration page, you’ll be asked to enter your personal information. This includes your full name, email address, date of birth, and country of residence (which should be Nigeria).
4. Set Up Your Account Credentials
After entering your personal information, you’ll need to create a secure password for your Payoneer account. Make sure to choose a password that is unique and not easily guessable. Additionally, select a security question and provide an answer that you can remember easily.
5. Enter Your Contact Details
Next, you will be required to provide your contact details. This includes your phone number and residential address. Ensure that you enter accurate information as this will be used for verification and future communication.
6. Select Your Account Type
Payoneer offers two account types: “Individual” and “Company.” Choose the option that best suits your needs. If you are a freelancer or a sole proprietor, select the “Individual” account type. If you have a registered business, choose the “Company” account type.
Also See: How to Register a Business Name in Nigeria
7. Provide Your Government-Issued Identification
To comply with regulations, Payoneer requires users to verify their identity. You will need to provide a valid government-issued identification document, such as your national ID card, driver’s license, or international passport. Follow the instructions to upload a scanned copy or a high-quality photo of your identification document.
8. Complete the Verification Process
Once you’ve submitted your identification document, Payoneer will review it for verification. This process usually takes a few business days. You may receive an email from Payoneer requesting additional information or documentation if needed.
9. Accept Payoneer’s Terms and Conditions
Review Payoneer’s terms and conditions carefully and check the box to indicate your acceptance. It’s important to understand the platform’s policies and guidelines to ensure a smooth experience.
10. Receive Account Approval
Once your account has been approved, you will receive a confirmation email from Payoneer. The email will provide instructions on how to access and activate your Payoneer account.
11. Activate Your Payoneer Account
Click on the activation link provided in the confirmation email to activate your Payoneer account. This will redirect you to the Payoneer login page.
12. Set Up Security Questions
To enhance the security of your account, you will be prompted to set up three security questions and provide answers. Choose questions that are memorable to you but not easily guessable.
14. Link a Bank Account or Card
To fully utilize the features of your Payoneer account, you will need to link a bank account or card. Payoneer allows you to withdraw funds directly to your local bank. To link a bank account or card to your Payoneer account, follow these steps; Log in to your Payoneer account using your newly created credentials.
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| Payoneer |
Once logged in, navigate to the “Settings” tab located at the top menu of your account dashboard. Under the “Settings” tab, select “Bank Accounts & Cards” from the drop-down menu. On the Bank Accounts & Cards page, click on the “Add” button to add a new bank account or card. Choose the appropriate option between “Bank Account” or “Card.”
If you choose to link a bank account, provide the required details such as the bank name, account holder’s name, account number, and branch information.
Make sure to double-check the accuracy of the information before proceeding.
If you choose to link a card, enter the card number, cardholder’s name, expiration date, and the CVV (Card Verification Value) number. Again, ensure that the information is correct.
After entering the necessary details, click on the “Continue” button to proceed.
Payoneer will then initiate a verification process to ensure the ownership of the bank account or card. This may involve small deposits or authorization holds, which will be used for verification purposes.
You will need to monitor your bank account or card statement to identify these transactions.
Once the verification process is complete, return to the “Bank Accounts & Cards” page on your Payoneer account.