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13 Dec 2022

How to Withdraw from Payoneer in Nigeria

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  1. Payoneer is one of the world’s leading e-commerce financial service platforms, used by millions of freelancers and small businesses around the world to invoice customers, pay suppliers, and withdraw business profits. If you serve clients outside of Nigeria, then chances are that you will be receiving money in various kinds of international currencies.

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  1. How To Withdraw Payoneer in Nigeria

    As a Nigerian business owner using Payoneer, you will likely be getting payments from customers in many kinds of foreign currencies. In fact, Payoneer gives you local bank account details of eight countries* including US dollars, British pounds, and Euros.

In other words, using Payoneer means that you can get paid like a local in eight currencies and spend like a local (i.e. spend Canadian dollars in Canada without foreign transaction fees). If you want to withdraw money in naira, however, then you may face some exchange rate costs.

  1.  1.Sign in to Payoneer.
  2.   2.Go to Withdraw&transfer and then choose Withdraw to bank.
  3.   3.If you have not yet added bank account for withdrawal, please click on the Add new button and proceed to the bank account registration. If your bank account is pending approval, we'll let you know.
  4.   4.If you already added bank account and it's approved by Payoneer - select the card/currency balance that you want to withdraw from
  5.   5.Choose the bank account you want to withdraw funds to and enter the requested the amount.
  6.   6.Click Review, review the details you entered.
  7.   7.Click Withdraw to submit the withdrawal request. You may be asked to verify your identity using a code (if two-step verification is turned on in your account).
  8. Note: If you are making a withdrawal involving currency conversion, after clicking Withdraw you may receive a message that the exchange rate has changed. You’ll have the opportunity to review the updated amounts and submit the withdrawal again.
  9.   8.A confirmation email containing your withdrawal information will be sent to you.

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