How to Add Money to Payoneer Account in the UK

Thinking of using Payoneer for your UK business? If you’ve just signed up or are about to, one of the first things you’ll need to know is how to add money to your account.

We’re here to help, with a step-by-step guide to the process. We’ll run through everything you need to know, from payment methods right through to fees for topping up your Payoneer account.

Remember though that Payoneer isn’t the only option for global businesses. Wise Business is a fantastic alternative, offering a full-feature account, cards, invoicing, bulk payments and secure transfer services worldwide.

💡 Learn more about Wise Business

How does a Payoneer account work?

Payoneer is a financial service which offers global accounts for businesses and freelancers based in the UK and other countries.

Aimed at small-to-medium sized companies (SMEs), ecommerce businesses and freelancers, it enables companies to make and receive payments across international borders.

Payoneer account features include:

• International payments, including bulk payments and a feature to request and receive payments from customers and clients.
• Local receiving accounts.
• Client billing.
• Purchasing.
• Bank withdrawals.
• Multi-currency conversions so you can convert between your account balances.
• Connect to Marketplaces like Amazon and eBay
• Website payments with Payoneer Checkout.
• Payment cards to cover business expenses.

If your business buys or sells internationally, or has any dealings with overseas clients and partners, a Payoneer account could be useful for you.

How to add money to Payoneer - step by step

Once you’ve signed up for a Payoneer account, you’ll need to add money to it before you can start using it in earnest.

You can add a payment method when you set up your first payment, choosing from the following:¹

• Debit or credit card
• Local or international bank transfer
• eWallet

Alternatively, you can add funds to your Payoneer balance directly from your bank account. Here’s how to do it:²

1. Sign into your Payoneer account online
2. On the home page, select ‘Add funds’ to the balance you want to top up (if this option isn’t available, it may mean you’re not eligible to use the ‘Add funds’ feature)
3. Select ‘I want to add funds’ and then ‘Get started’
4. Provide identity and/or business details if requested - this may be needed for verification purposes
5. Wait for approval to add funds - this may take up to 3 working days.
6. Once approved, you can log into your online banking and provide your Payoneer receiving account details to transfer money - just like making any other kind of payment. You can find these details in your Payoneer account, on the ‘Receiving accounts’ page.

Costs of adding money to Payoneer

When you add funds to your Payoneer account, the same receiving account fees apply as if you’d received a payment from a client or customer.

The good news is that it’s fee-free if you’re paying money into a receiving account in the same currency as your bank.³ For example, if sending funds from your UK bank account to your GBP Payoneer receiving account.

But if the currencies don’t match, a currency conversion fee of 0.5% will apply.³

How to add money to Payoneer card

The Payoneer card is designed for spending your Payoneer balances, so you can’t necessarily top it up like you can with a prepaid card.

Instead, you’ll just need to make sure you have enough money in your chosen currency balance - either through receiving payments from clients and customers, or topping up your account using the steps above.

FAQs - add money to Payoneer

How do I add money to Payoneer with Paypal?

You can't directly transfer money from Payoneer to PayPal. Instead, you’ll need to withdraw PayPal funds to your bank account, and then use the steps we covered earlier in this guide to top up your Payoneer balance with a bank transfer.

Can someone pay into my Payoneer account?

Yes, Payoneer receiving accounts are designed for receiving payments from clients and customers all over the world. It’s then your choice what you do with the funds, whether you withdraw to your business bank account or use the money to cover future payments out of your Payoneer account.

How can I add my bank account in Payoneer?

Follow these steps to add your bank account to Payoneer:

1. Sign into your Payoneer account online
2. Go to the main menu and select ‘Bank accounts’
3. Add a new bank account, entering the account number, sort code and any other details when requested.
4. Check the details and confirm.

Alternative to Payoneer: Wise Business account

If you are looking for an alternative to Payoneer Wise Business account is the perfect option. It’s quick and easy to open online, and gives you a powerful platform for sending, receiving and managing your business finances in over 40+ currencies.

You can easily pay suppliers and employees all over the world, for low fees and the mid-market exchange rate. And best of all, you can get paid for your products or services quickly and easily, accepting payments in 8+ major currencies.

You can also link your Wise Business account with your favourite accounting tools, such as Xero or Quickbooks. This makes keeping track of your company’s finances a breeze.

Get started with Wise Business 🚀

And that’s it - everything you need to know about adding money to your Payoneer account in the UK. We’ve covered the steps to add funds, what fees you may have to pay and whether you can add funds to the Payoneer card.

So, you should be all set to add money to your Payoneer account and start using it.

Sources used:

Sources last checked on date: 26-Mar-2025