Overview

• Payoneer is a global fintech platform that provides multi-currency business accounts for freelancers, eCommerce sellers, and companies engaging in cross-border trade. Founded in 2005 and headquartered in New York, Payoneer enables businesses to send, receive, and manage international payments with ease.

  Payoneer’s platform is fully digital, offering fast onboarding, multi-user access, and tools to help businesses manage funds, automate payouts, and scale internationally — all while complying with global regulatory standards.

Services Offered

• Account Types:
  • Business Accounts
  • Freelancer & Individual Accounts
• Currencies Supported:
  • USD, EUR, GBP, JPY, AUD, CAD, CNH, and more
  • Local receiving accounts provided in multiple currencies
• Banking & Payment Services:
  • Multi-currency receiving accounts (e.g., USD account with ACH, EUR account with IBAN, etc.)
  • Send and receive global payments to/from over 200 countries
  • Withdraw funds to local bank accounts in 70+ currencies
  • Mass payout services for marketplaces and large businesses
  • Request a payment tool with secure links for clients to pay by card or bank
  • Prepaid Mastercard cards – virtual & physical, usable online or in-store
  • Working capital & financing options for eligible eCommerce sellers (e.g., Amazon, Walmart)
  • Currency conversion at competitive rates between balances
• Integration & API Services:
  • Integrations with platforms like Amazon, eBay, Fiverr, Upwork, Shopify, Walmart, Airbnb

  • Developer-friendly APIs for automating payouts and fund management

Required Documentation for Bank Account Opening

For Individuals / Freelancers:

1. Government-issued photo ID (e.g., passport, national ID card, or driver’s license)
2. Proof of address (e.g., utility bill or bank statement dated within the last 3 months)
3. Selfie photo (sometimes requested during identity verification)

For Business Accounts / Companies:

1. Government-issued ID of the company’s legal representative
2. Certificate of incorporation / business registration
3. Company address verification (utility bill, lease, etc.)
4. Proof of business bank account (e.g., bank statement or voided check)
5. Ownership & control structure (including UBO documentation if applicable)
6. Website or proof of business activity (e.g., invoices, contracts, or platform profile)

Account Opening Process

1. Online application via Payoneer website – select “Business” and complete personal/company details
   
2. Email verification – confirm your email after sign-up
   
3. Upload documents:

• Government-issued ID (passport, driver’s license, or national ID)
• Proof of personal address (utility bill or bank statement ≤ 3 months old)
• Company documents (Certificate of Incorporation/Registration, business license, UBO questionnaire)
• Company address proof and bank statement for business account
  

1. KYC/compliance review – Payoneer reviews submissions; may follow up in 1–4 days
   
2. Approval & account issuance – you’ll receive confirmation and local-receiving account details (USD, EUR, GBP, etc.)
   
3. Account activation & usage – sign in, add bank, request receiving accounts, and start transacting (receive/pay, request payments, withdraw funds)

Account Opening Summary