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Payoneer is a digital payment service for online money transfers. It was created with the aim of managing international payments between business entities from different countries. It offers a variety of services.
It is used by thousands of employees who get paid in over 65 currencies and 180 countries around the world. Some of its main customers include Uber, Airbnb, Linked In, Pinterest etc., thanks to partnerships with companies such as Klarna, Stripe, and Paypal.
How to Open a Payoneer Account in Kenya
Learning how to create a Payoneer account in Kenya is fairly easy, but note that its account is for business only. That’s why it is quite a hassle to get it right
You can get started with Payoneer by heading to the Payoneer sites.
i. Click on the Register button.
ii. Fill in the details correctly, starting with your email address. A verification code will be sent. Input it before you proceed.
iii. You will then be prompted to enter your password for the new account as well as confirm it.
iv. After entering your password twice tap continue to move forward.
v. On this same page is where you set up an additional security question and answer for added security purposes.
vi. Once you’ve done so, tap the “Create an Account” button. Once you do that your account will be created and you’ll officially have a Payoneer account!
Passing Payoneer KYC Verification in Kenya
Creating a Payoneer account is just the first step—before you can start transacting, you’ll need to pass KYC (Know Your Customer) verification. This process ensures security and compliance, so it’s important to get it right.
ID Verification – Quick & Easy
Payoneer requires clear front and back photos of your ID for verification. Simply upload the images, and the process shouldn’t take long.
Proof of Address – The Tricky Part
This is where most people face challenges. Payoneer accepts utility bills (e.g., Kenya Power electricity bills) and bank statements issued within the last three months. To improve your chances of approval:
✔️ Print the document and scan it before uploading (digital screenshots may be rejected).
✔️ Ensure the name and address match what you provided during registration.
Avoid Rejections & Account Blocks
Be extra careful when submitting documents—multiple rejections can lead to your account being blocked. Double-check all details to ensure a smooth approval process.
Linking Your Payoneer Account withYour Ebay Account
Most Kenyan Payoneer account holders create their accounts to sell and transact on eBay, as Payoneer is the primary payout method for eBay sellers. If you’re looking to receive your earnings smoothly, follow these steps to link your Payoneer account to eBay.
Access eBay’s Payment Settings
– Log in to your eBay seller account.
– Go to Account Settings > Payments.
– Click Add a Payment Method and select Payoneer.
-Ensure your bank details in Payoneer match your eBay seller information to avoid issues.
Link Your Payoneer Account
– eBay will redirect you to Payoneer’s login page.
– Sign in and authorize eBay to connect to your Payoneer account.
– Once linked, your Payoneer details will be saved in eBay’s payment settings.
Set Up Payouts
– Choose Payoneer as your default payout method.
– eBay will send payments to your Payoneer account based on your sales schedule.
– You can withdraw funds to your local bank account via MPesa, bank transfer, or use the Payoneer Mastercard.
Tips:
✔ Ensure your Payoneer details match your eBay seller account details to prevent verification issues.
✔ Keep your Payoneer account active and verified for smooth transactions.
✔ Stay updated on eBay’s policies to avoid payout delays.
✔ Have your email account active. Payoneer requests email verifications quite frequently.
How to Deposit Money in Payoneer
If you’ve been wondering how to deposit money in Payoneer, just follow the following steps:
a. Log on to your Payoneer account and look for the “Balance” button on the homepage.
b. Once on the Balance tab, click on the top left corner to go to your Profile Account page.
c. Select the option “Deposit Funds” from the drop-down menu and follow further instructions.
Note: If this is your first time depositing funds through a Payoneer account you will have to allow it some days before proceeding with the deposit because by default there is a transaction limit of $1,000 daily for New Accounts.
How to Withdraw Funds from Your Payoneer Account
To withdraw funds from your Payoneer account all you have to do is follow this few simple steps:
a. Log in to your account and choose Withdrawal.
b. Then select the type of currency you want to transfer if it is not yet loaded you can use others currencies that other members have deposited in your Payoneer account. However, this shouldn’t be a problem as it is updated very often.
c. Once selected just enter an amount of money and press submit!
It’s that easy!! Using Payoneer comes with a few steps that make using the platform for both beginners and people used to it.
How to Apply for a Card for Payoneer?
Knowing how to open a Payoneer account in Kenya serves will serve you well if you could take advantage of all its features, like having a Payoneer card. Having a card will make things a lot easier for transactions and other payments that you have to make all over the globe.
The Payoneer card must be topped up with at least $10.00, in order to send money from it. Another cost that comes with a Payoneer card is that you will be charged if you use it for in-store purchases such as at a coffee shop or even grocery store.
To get your Payoneer card, follow the following steps:
a. Fill in your credit card information and verify it. This is vital since it proves you are a real person as opposed to someone who just made an account for fun.
b. Confirm your email address by clicking the link that was sent.
c. After verifying your details, you will also be prompted for Tax ID credentials.
d. After going through the above process, the account will be verified and a pin number will be sent to you in the mail within 3 days of signing up!
This can be done in less than 5 minutes just with your name, email ID, and other details that they require to create an account. After creating an account on Payoneer, just click on ‘get paid’
How to activate your Payoneer Master Card in Kenya
Having learned how to open a Payoneer account in Kenya and now you want to activate your Payoneer master card in Kenya, just follow these steps;
a. Log into your account on the Payoneer website.
b. Now, click on ‘Activate’ to receive a PIN number via email.
c. After you have received the pin number in your mail, enter it in the box provided and click continue
d. You will now be asked for details such as the name of Issuer Bank
e. Next, just fill out all other necessary information such as a full physical address, phone numbers (home/cellular), date of birth, and others.
f. Finally, click on verify to complete activation of your card!
Why Get a Payoneer MasterCard
The Payoneer master card is vital for several reasons.
1. You can easily pay for goods or services within Kenya, without the need to supply your card details. Just remember that all these need to be used together for optimum performance!
2. You can now have 2 bank accounts, one local and the other a worldwide account you can access from anywhere in Kenya.
3. Also, the Payoneer master card is accepted by hundreds of online retailers and businesses, making it an unbeatable e-commerce card.
4. Payoneer master cards are just like Visa or MasterCard. You can use them online to make purchases or in shops and ATMs around the world for physical goods and services.
5. If you register for Payoneer WebMoney international money transfer you’ll receive your card almost instantly! Depending on your country.
Pros and Cons of Payoneer
Pros of Payoneer
1. Payoneer MasterCard works in 155 countries and it has been used by over 2 million people worldwide.
2. Payoneer allows you to transfer money to your local bank account or a Payoneer card and withdraw from ATMs around the world, which means you can get cash at ATM machines all over the world without having to worry about exchanging currencies and paying fees.
3. You will be able to receive payments globally through different online platforms like PayPal, Skrill (Moneybookers), Amazon Payments, Google Checkout, and more! You’ll also be able to use wire transfers.
4. If you are one of those who likes getting paid with checks, Payoneer won’t let you down as they have an option for that too!
5. Payoneer account allows you to receive money from any of the 46 countries that are part of their network. The only exception here is American Express which can be used in 29 countries throughout Europe, Asia, and Canada.
6. Payoneer is a preferred choice for freelancers around the world as it provides payments options in local currencies to customers who prefer not to get paid with PayPal or credit cards.
7. It also offers fast gateway services and efficient customer support. They’re definitely there to help you so take advantage!
Cons of Payoneer
1. Payoneer does not provide a debit card unless you’re an online business and can produce $100,000 in sales.
2. But if you ask me, this is not really a problem as there are other services out there that offer free Payoneer cards including CryptoPay and Mistertango. Just make sure to research first on the fees they charge for withdrawing money from ATMs before signing up, as well as Mistertango card limits.
3. Another con I noticed was that Payoneer does not have any affiliate program. I guess this made it difficult for people who want to earn some extra income by recommending their service to others.
4. Payoneer is known to block accounts quite easily and the action is irreversible. So transact carefully
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FAQs
Does Payoneer Work with M-Pesa?
No. Payoneer is a payment service that enables users to receive international payments and transfer funds to local bank accounts, while M-Pesa is a mobile wallet service widely used for everyday transactions. Although there isn’t a direct method to withdraw funds from Payoneer to M-Pesa, users can still access their money by using a Payoneer card combined with an e-pay account, which allows them to ultimately withdraw funds into their M-Pesa wallet.
Can You Earn with Payoneer?
You can earn with Payoneer by inviting your friends to join Payoneer. You will get an additional $5 when they activate their card with a minimum of $10 in it. This sign-up bonus is for a lifetime and can be withdrawn as soon as you’ve added funds to your MasterCard (Payoneer’s online currency).
Mistertango Card Limits
Mistertango card limits are as follows: The maximum card load limit per day is 10,000 Euros. Maximum balance at any time and maximum monthly amount is 10,000 Euros. These mistertango card limits apply for the light account.
Which companies Work with Payoneer?
Some of the companies that work with Payoneer include Amazon Associates, Apple, Burger King, eBay, Groupon, and Uber.
If you are just starting out online and work with any of these companies or platforms as a buyer/seller or merchant, I highly recommend getting a Payoneer account.
This means that you can withdraw your earnings legitimately without worrying about transfer limits and other restrictions depending on the country you are in. You’ll also get extra cash for setting up a Payoneer card (up to $5).
Final Take
Payoneer can be rated as being among the best digital payment in existence for several reasons obviously. The company has grown and has been among the most dominant forces in the world right now.
Overall, Payoneer is not only fast and effective but it is also safe. With its 24/7 customer support then you know that nothing can go wrong with it. It’s a great way to keep your money safe while allowing you to use it locally and internationally.
