How to Receive money from Payoneer in Nigeria 2022
Payoneer is one of the best ways to receive money in Nigeria as a blogger or a freelancer. although there are other ways to receive money, which PayPal is one of them but not currently not supported in Nigeria and which is why most people opt for Payoneer as their best method.
Payoneer is used to accept global payments and can be linked to Amazon, Adsense fiver, and any other AdSense alternative publishers like propeller and Adsterra. opening a Payoneer account is very easy and it only requires a few documents for approval. To open an account with them just visit the site
Document needed to open a working Payoneer account in Nigeria.
- National identity card or any valid ID card
- Residential utility bill
- Working Domiciliary account or USD account
After you have successfully opened an account, an approval mail would be sent to your box which means your credentials have been validated and this should take more than 72hrs. The next step is to link your bank account which must be approved before any transaction could be made. although if the document is still showing under review but the bank linked to the account is approved, you can go ahead and receive payment.
Can a normal Bank account work with Payoneer in Nigeria?
It is always advisable to use a Domicilary with your Payoneer account majorly because of the exchange rate, using a normal naira account is not good when it comes to the exchange rate as Payoneer uses the normal bank rate to send money and not the black market rate but using a domiciliary account, will give the advantage of getting your money in USD while you withdraw and exchange using the black-market rate. You can also open a Virtual USD account with grey or geegpay
Steps on how to Receive money from Payoneer
- Connect your USD or Domiciliary account
- wait for approval mail
- Click on withdraw
- select the funded currency or swap if needed
- Click on Transfer
- wait for 24-48hrs for fund to reflect after withdrawl approval