Positive and negative effect of using Payoneer for your business in Nigeria.

•What is Payoneer?

           Payoneer   is  an  United State of  American (USA)   and United Kingdom (UK)  ecommerce technologie   company   powering payment   and  growth  for  the  new global  economy,  Payoneer  is  an global  mobile  wallet  that  can  store your  funds  into  dollars,  in  eny  local currency  world  wide,  you  can operate  Payoneer  account  in  Nigeria  and  accept  payment  in currency  of  your  choice,  Dollars (USD),  Euro(EUR),  GBP, Japanese yen (¥) etc.

  and withdraw  your  cash  into  your  local bank  account  that  link  to  your Payoneer  account,  in  exchange  of naira  or  your  local  currency,  base on  your  location  and  the  exchange rate;  if   your   buying  and   selling   online,  or   you   work   with  a  company   that  accept   Payoneer   as  a  payment  options,  company  like  Amazon, Ebay, and the other websites  that  accept Payoneer,   it's a  good idea   for  you   to   choose   Payoneer  global mobile wallet   than  PayPal   in  Nigeria;  the reason  why  i   should   advice   you to  use Payoneer   in  Nigeria  than   PayPal is:  Payoneer   give  you  free   bank account  that  can  accept  all currency,  world  wide;  Payoneer  does  not restricte  rechiving or sent payment   in  Nigeria both  individual and business account   like   those   of   PayPal   in   West Africa  or  Nigeria;  but  for you to have   Payoneer   account in Nigeria  is,  you  need  to work  with  the  companies   outside Nigeria  such as   UK or USA   as  freelancer or   affiliates  marketer,  online seller  you  can  also use Payoneer in Nigeria,  as an   individual; Just download their mobile  app  and  sing  up  or  login,   if   you don't  want  to  use  app,   you  can   sign up  in  www.payoneer.com, make sure that  you  have  all  the  information  required,   example  if  your  in  Nigeria,  you can   provide  your  name, as it appears  on your  I'd  document,   your   email address,  address, line one and  line 2; address  line  one  means   your  Treet  address most  contain  numbers,  example: no 27 ajik venue;   address line 2,  is your city, most also contain  numbers  which   is  your  postal   code  six or  5 digit  code, Example: Adamawa which is 640001,  then  your  zip code,  which  is  23401 Nigeria;  your  strong  alphanumeric  password;  put your  11  digit  Nim or I'd  numbers in the field  required,   after  that  input  your  10,  local   bank. account  number;   then   click   submit;  you  will   receive   some  message  in  your  phone number  or email  that  says  your  Payoneer account  was  successful  created,   please  we will verify  your  information for the  account  approval after 3 days;  we will notify you when your  Payoneer account  was  approved; thank you for  choosing  Payoneer  as  your  favorite  global  payments  platform; when you    finish  setting  up   your   global  wallet;  your   wallet  comes   with   master card   or  visa  card,   in  your  dashboard;

  you  can  use  your  Payoneer   master  card  or  visa  card  world  wide,  then  you  can  now,   link  your   Payoneer  account  in  eny website   that  arks,  'do  you have.  Payoneer  account? Sing in, to accept payment and  withdraw  into your  local  bank  account   world wide.

                 •Haw legit is Payoneer ? Payoneer   is  an  American  Base  legitimate global  financial   company   under  the  law   by   the   central   bank   of  America,   in  other  to   promote businesses,  both   border  and  borderless,  to   also   removed  financial   barials   within  the  globe,   Payoneer   was   partner   with   First Century  Bank,  in  America,  and Barclay  Bank  in  UK;  hawever  in  Nigeria   with  Kuda  bank. 

              The  bad  and  the  good  of using  Payoneer  in  Nigeria!  Payoneer  is  good  for  people  who own  online  business  to  accept payment,  but  in  Nigeria  it  quite little  bit  difficult  and  risky  to  use Payoneer,  because  it  as  both disadvantages  and  Advantage;  in  Nigeria,  now  if  your reading  or  your  in  my  website,  today  i prepared  to  tell  you, about the hiding  disadvantages  of  using  Payoneer  in  Nigeria.

         Good

Payoneer  is  good,  to  use   than PayPal   because   it   offer   free international   bank   account,   your wallet   comes   with    3 or 2 International   bank   account,    and the   master   card   or   visa  card, that   accept   payment   world   wide, that   can   receive   direct   deposit into   your   Payoneer   account;.  to see   your   international   bank account   numbers   and   routing numbers  with   first  century   bank, and  Barclay   Bank:

        Step 1,  login  to  your  Payoneer account.

         Step 2, After  you  login  to  your dashboard,   you   will  see   things like,   Request  payment,  Rechive payment, Send payment, Global services, Account setting.

          Step 3 After all this option have been display in your dashboard, select in-between request payment, or global services, it will take you to where you can, see your international bank account details, Banks names, account numbers, address and routing number; at the last bottom of the account details you can see your full name.

       Step 4, After you see all the necessary information about your new international bank account, then drop down, until you see the, option that says click here to download your information, then click on the bottom, it will transfer the information to your device, you can get that filled in your device storage.

           Step 5 Carry that informations to eny one who use Payoneer in your region or outside country to send you money in eny currency of their choice, Note if in Nigeria that person needs to have an domicile account with a bank before receiving payment in Nigeria, charges may apply vary to the exchange rate.

              Bad

The bad side of Payoneer in Nigeria is that:

1.You can not deposit money, in your Nigeria bank or card to your Payoneer account directly.

2.You can not, use the global payments service to accept wire transfer, in Nigeria directly to your Payoneer account, your payment will be decline.

3.You can not, Rechive or send payment with 0 balance in your Payoneer account. 

4.To rechive and send money in Nigeria, you need to get, at list 500 € or us dollars in your wallet.

5.You can not order a Payoneer débit card with 0 balance, to colify for that, you most have at least 500 us dollars in your Payoneer account.

6.You can not own 2 Payoneer account, is only one account per individual. Unless you want to have an business account.

7.If you have funds in your Payoneer account, and you didn't use your account for the pass 2 years, Payoneer have right to charge you a fee in your account.

8.In Nigeria the colification of rechive and send, depends on the use of your Payoneer account, and the amount of fund you have in your Payoneer account, the higher you deposit, the higher the the account access.