How to Deposit Money in Payoneer | US Business Guide

Payoneer is a trusted gateway for freelancers and global businesses to move money across borders. It connects people with clients, marketplaces and partners in a way that removes old barriers of geography and banking limitations. However, for many users, there’s a common query: how to deposit money in Payoneer?

The process depends on your needs. You might be receiving client payments, topping up funds directly, or routing money through banks and partner platforms. Each pathway has its own steps and requirements.

In this guide, we’ll discuss all the ways to deposit money into your Payoneer account. We also highlight important details that keep transactions smooth. We'll also discuss the Wise Business account. The global account that can help your company with all things cross-border.

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How to Deposit Money in Payoneer From Your Bank

Payoneer now makes it possible for you to add funds directly to your account from your bank if you have an eligible company account. Here are the steps for this process:

Step 1: Confirm Eligibility

You must have registered your Payoneer account as a company to be able to avail this feature. Plus, your business address cannot be based in China, Singapore, Japan, Mexico, South Korea, Hong Kong, Taiwan, Thailand or Malaysia.¹

Also, at least one of your receiving accounts must be issued by Citibank in USD, GBP, EUR or AUD.

Step 2: Request Approval to Add Funds

Sign in to your Payoneer account and click “Add Funds” on the balance page. Select “I want to add funds” and follow the prompts. You may be asked to provide identity and business documents. Approval usually takes up to three business days.

Step 3: Access Receiving Account Details

After you’re approved, go to “Get Paid” and then “Receiving Accounts.” Here, turn on the “Only accounts for adding funds” filter.

Choose the account you want to use and click “View Details.” Copy the bank account information carefully, including the beneficiary name exactly as shown.

Step 4: Make the Bank Transfer

Log in to your online banking portal or visit your bank branch and enter the receiving account details from Payoneer. Double-check that the beneficiary name matches the company name on your Payoneer profile to avoid transfer issues. Then, complete the transfer in your chosen currency.

Step 5: Track Fees and Transfer Times

The same fees apply as with standard incoming payments to receiving accounts. For ACH bank debits in the U.S., the fee is a standard 1% of the received amount. If you’re using PayPal, the fee is 3.99% + $0.49.²

Transfer times typically range from three to five business days.³ The actual duration will depend on your bank and currency.

Other Ways to Deposit Money in Your Payoneer Account

Bank transfers are not the only way to move money into Payoneer. Depending on how you work with clients and platforms, there are several other reliable options.

Receiving Accounts

Payoneer provides virtual bank details in major currencies like USD, GBP, EUR, AUD, CAD and more. You can share these details with clients or marketplaces, and they send payments similar to making a local bank transfer.

Payment Requests

You can also send a digital invoice to clients through your Payoneer dashboard. Clients receive the request by email and can pay using their preferred method, such as a card or bank transfer. You can monitor the status of each request and know exactly when the money reaches your account.

Marketplaces and Platforms

Global platforms such as Amazon, eBay, Fiverr and Upwork integrate with Payoneer. When you choose Payoneer as your payout method, funds from completed sales or projects are deposited automatically.

Payments from Other Payoneer Users

If your client or employer also uses Payoneer, they can send money to your account instantly. The transfer usually arrives within hours, so it’s one of the fastest options.

How to Deposit Money in Your Payoneer Card?

The Payoneer card isn’t designed for manual top-ups like a prepaid card. Instead, it connects directly to your Payoneer balance.

So, you’ll need to maintain funds in the currency linked to the card to be able to use it. You can do this by receiving payments from clients or moving funds to Payoneer from your bank account. Once the balance is funded, you can use the card for everyday spending and online purchases.

In simple words, the card gives you instant access to the money already sitting in your Payoneer account. There’s no separate loading process.

Save Time and Money On Overseas Payments With Wise Business

Wise Business can help you save big time on international payments.

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies.

Signing up to Wise Business allows access to BatchTransfer which you can use to pay up to 1000 invoices in one go. This is perfect for small businesses that are managing a global team, saving a ton of time and hassle when making payments.

Some key features of Wise Business include:

• Mid-market rate: Get the mid-market exchange rate with no hidden fees on international transfers

• Global Account: Send money to countries and hold multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local

• Access to BatchTransfer: Pay up to 1000 invoices in one click. Save time, money, and stress when you make 1000 payments in one click with BatchTransfer payments. Access to BatchTransfer is free with a Wise Business account

• Auto-conversions: Don't like the current currency exchange rate? Set your desired rate, and Wise sends the transfer the moment the rate is met

• Free invoicing tool: Generate and send professional invoices

• No minimum balance requirements or monthly fees: US-based businesses can open an account for free. Learn more about fees here

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Frequently Asked Questions

Can multiple currencies be deposited into Payoneer?

Payoneer supports balances in several currencies, including USD, EUR, GBP and CAD. However, it’s important to deposit in the right currency, since the Payoneer card and withdrawal options are tied to specific currency balances.

Do deposits to Payoneer carry fees?

Payoneer applies fees similar to those charged for incoming payments through receiving accounts. The exact fee depends on the payment method and the source of the transfer.

Is it possible to add funds to Payoneer from the mobile app?

Yes, the home page of the app has the option to add funds. You can tap it to access the account details to provide to your bank for the transfer.

Why am I not seeing the “I want to add funds” option in my Payoneer account?

If you don’t see the option to add funds, you’re no longer eligible to avail this feature. You should contact Payoneer’s support team for more clarification. They will be able to explain the reason behind your ineligibility and how you can fix it.

What should I do if I made a bank transfer but the funds didn’t arrive in my Payoneer account?

Start by checking how many business days have passed since the transfer. Most funds arrive within a week, but weekends and public holidays can slow things down. Confirm with your bank that the payment actually left your account without any errors. Next, sign in to Payoneer and look at the Verification Center, as sometimes, extra documents are required before money is released. If everything is in order but the transfer still hasn’t shown up, reach out to Payoneer’s support team.