Payoneer 2018: How To Open And Fund A Payoneer Account In Nigeria 2018

Victor Aaron July 23, 2018
Once you become a Payoneer account holder, you will be able to open a virtual USA bank account in Nigeria for receiving payments and also apply for Payoneer Mastercard in Nigeria for online payments. You can use the Payoneer debit card for withdrawal of your Payoneer funds via ATMs worldwide and you can easily load Payoneer card via Payoneer exchangers in Nigeria.




Benefits of Opening Payoneer Account In Nigeria

You can open Payoneer account in Nigeria Free of charge
You can create virtual bank accounts to receive payments from american and european companies
You can apply for a debit card which you can use for online payments and for funds withdrawal at ATMs.
You don’t need to change your IP address or use VPN to access Payoneer website in Nigeria.
You don’t need to use fake information to get a Payoneer account in Nigeria.
Payoneer is safe and trusted in over 150 countries.
Once you receive $1000 in payments into your Payoneer account, you will receive a $25 reward from Payoneer.
You can use Payoneer account to receive payments from freelancing marketplaces like fiverr, Upwork and other websites that accept Payoneer as payment method 

Requirements for Opening Payoneer Account In Nigeria

Here are the things you need if you want to open Payoneer account in Nigeria :

Valid email address.
Valid postal, office or home address for delivery of your Payoneer Mastercard.
Valid photo ID eg Nigeria drivers licence, international passport, National ID card etc

How To Apply For Payoneer Account In Nigeria

Fill in your name, address etc as it is in the ID card you want to use for verification.
Set password, Secret Question and Answer and select your ID type. Provide the details of the ID as required.
Provide your bank account details if required. You can google the SWIFT/BIC for your bank. GTBank SWIFT/BIC is GTBINGLA.

Once you are done filling the application form, wait for email notification from Payoneer about the status of your application.

If approved, go ahead to fund your Payoneer account so you can be eligible to request for the Payoneer Mastercard. You need to have at least $30 in your Payoneer account before you can apply for Payoneer MasterCard in Nigeria.

After you open a Payoneer account in Nigeria, you will need to fund Payoneer card issued to you before you can use it for online payments and after you fund Payoneer account, you can sell the fund to other holders of the Payoneer Mastercard.
Incase you don’t already know, Payoneer is a US company that helps you pay, as well as get paid globally as you would locally.
Since the rise in dollar rate, and subsequent ban of Naira cards for dollar transactions abroad by CBN & virtually all Nigerian banks, Payoneer Mastercard has been a safe haven – and has served as the perfect alternative to both GTBank and Access bank Naira cards which used to work.

Uses Of Payoneer Card In Nigeria

Below are the list of things you can do using your payoneer card, to avoid limiting yourself out of ignorance.
  1. Buying goods online from abroad (i.e importation business). See below, a screenshot of a buyer who used his payoneer card for purchase at aliexpress.
  2. For making payments online (e.g school fees, Visa application fees, buying/renewal of domain and hosting plans etc.)
  3. Payoneer card can be used to withdraw cash from the ATM
  4. Funding of Facebook advert account.
If you are having issues getting your PayoneerMastercard delivered using the free delivery method, you can fund your account with $50 to enable you request for it via expedite shipping (DHL or FedEX) which takes just 3 to 7 days to get to your doorstep.
If you happen to be an importer, since getting dollars in Nigeria is now as tough as fetching water with a basket, Payoneer dollars and card is the way to go. You can now fund your Payoneer card to the tune of whatever your demand might be. And at rates slightly cheaper than that of the parallel market, to enable you import your items easily and make extra profit.

How To Fund Your Payoneer Card In Nigeria

To fund your Payoneer card in Nigeria, you will have to find Payoneer account holders that are willing to sell their Payoneer fund in exchange for Naira. Alternatively, you will have to sign up with websites that pay into Payoneer account. You cannot fund payoneer can by doing bank transfer from your Nigerian bank account to your Payoneer card.

If you don’t know anyone you can contact to fund your Payoneer account, you can contact Blogger Uche Francis. All you have to do is follow the 3 steps given below :
  • Contact him on WhatsApp using this number 09061958534 or on facebook using this username: @winnercoz1 
  • Tell him the amount you need. He will tell you his current Payoneer dollars to Naira exchange rate and you pay the equivalent.
  • After payment is confirmed, he will credit your Payoneer account with the agreed amount of Payoneer dollars.

How To Sell Your Payoneer Dollars In Nigeria

Apart from funding of Payoneer cards with dollars here in Nigeria, he can also buy Payoneer funds at a very good rate in Naira.
So if you work online and earn money through Payoneer, here is your chance to sell those hard earned dollars at a very good rate compared to what you get from bank ATM machines.
Now to sell, contact him and he will credit your Naira bank account with the equivalent.

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