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Payoneer South Africa: How To Set Up

Payoneer is one of the major global payments methods available in South Africa. You can use it to withdraw money into your local bank account, to an e-wallet, or to a debit card that you can order from Payoneer that you can use at ATMs or Point-of-Sale tills

Payoneer is fast becoming a contender on the world of online global payments. It was created in 2005 with a focus on opening US sites to vendors in developing nations. It is available in a lot of developing countries where PayPal is not available. You can use Payoneer to send and receive money from aboard.

Sign Up To Payoneer In South Africa

To sign up for Payoneer, head over to their website and click the sign up button. First decision is whether you will be opening an account as an individual or a company. If you are an individual you wil input your personal details such as your name and surname, email address and date of birth. In order to sign up for Payoneer you will need to be at least 18 years old.

Payoneer Landing Page

Personal Details

In the next step you will have to fill in your address details and phone number. You must use a phone number that you will remember because it will be used for verification in later stages.

Security Details

Next up you will need to set up security details. These are your passwords and security questions that you will have to answer to access your account in case you forget your details or are locked out. These questions are very important and they must be questions you can answer even in your sleep.

If you do business online business you can have thousands of dollars in your account and you must always ensure that you are able to access your account. It might even be a good idea to write the answers down and to put in a physical safe that you can access in case you forget. In the sign up process, you will only be requested to create one security question, but you will need three in total to start using Payoneer.

Setting Up Banking Details

The final step will be to set up your account details. This will serve to link your Payoneer account to the local bank account that you will draw your money to. Your personal details you should naturally have access to. If you are new to global payments you might be unfamiliar with SWIFT code which is always necessary for direct deposits from abroad.

Each of the different banks have a SWIFT code that all the users use. You can simply google the SWIFT account of your bank accordingly. At this time, the SWIFT codes for the different South African banks are as follows.

  • FNB: FIRNZAJJ
  • Nedbank: NEDSZAJJ
  • Absa: ABSAZAJJ
  • Standard Bank: SBZAZAJJ
  • Capitec: CABLZAJJ

Once you have input your banking information, your application is completed and will undergo a review process. You will receive notification to tell you that you have completed the application successfully. You will also receive an email for account verification.

How To Start An Online Business

Account Verification

To verify your Payoneer account, all you have to do is open the email and then click the link, and your account is verified.

You can now login to Payoneer. On your first login, you will be required to create two additional security questions, as mentioned earlier. Once this is done, you can access Payoneer and when is your account is reviewed (which takes a few business days) you will receive an update and be able to transact.

Payoneer Interface

Withdrawing Money Locally

Most online business owners and freelancers will be interested in how to withdraw money from Payoneer. Once you have received money from an overseas benefactor, you can either have it paid to your bank account or to a Payoneer debit card.

Can I Use The Payoneer Card In South Africa?

The Payoneer card is a MasterCard Debit Card which means that it can be used at local ATMs or tills. Once you have set up your Payoneer account you can order the debit card, which will take about two weeks to be delivered to you.

Why Do I Need Payoneer?

Online earning is diverse and you will often earn money from different sources such as affiliate marketing programmes and freelancing gigs. Different sources will offer different payment methods so you are likely to run into the need for each one of the major payment platforms.

The biggest affiliate programme in the world is Amazon. If you want to make money through amazon affiliate marketing from outside of the US in countries such as South Africa, you will be payed out through Payoneer.  That is if want to use a global payment system rather than a mailed cheque. ClickBank, which is one of the biggest affiliate networks in the world, pays through Payooner. One of the biggest paid survey platforms, ClixSense, also uses Payoneer as the main payment method for people outside of the US.

44 thoughts on “Payoneer South Africa: How To Set Up

  1. hi i received my payoneer card . now i want to know how i can deposit money/link my card with my bank in order to pay online. please reply its urgent. im in south africa

    1. Hi Leonle. Were you trying to type the date in?
      There is a calendar on the right that you must click, then it will allow you to choose the date. Let me know if that solves your problem.

    1. Hi Mohamed. Payoneer is a great alternative to PayPal. It’s great because you don’t necessarily have to create a FNB Profile and you also don’t have to wait more than a week like when you withdraw from PayPal. I highly recommend signing up. The process is covered pretty well in this article but let me know if you have any point you’re stuck on.

  2. Does Payoneer offer an online payment method if I need to refund a customer overseas, that does not have a Payoneer account?

    1. Hello Stan,

      You can’t do direct transfers with Payoneer. You can only send the money from one Payoneer account to another, or withdraw the money to a bank account that is linked to your Payoneer account.
      It’s the same with other global payment systems like PayPal.

  3. Hey, I am trying to use Payoneer to set up my Kindle Direct Publishing account but I am having difficulties with the process. I have my FNB account approved. How do I continue? Thank You

      1. I have been requesting a letter of confirmation from Payoneer for weeks. No response. Clickbank needs this to register on their system. There is no alternative to contact them. All I have is a customer number and I have complied wity all the requirements. Help please.

  4. Hey Greg , I have my account set up but stuck on the payment detail doesn’t seem to accept the capitec routing no.? What’s wrong?

    1. Hi Sisa. Do you mean that your account is set up and you have received payments into your Payment account and want to withdraw now?

  5. Hey guys,

    Does anyone have a direct contact number for a South African office or individual?
    I have been waiting for close on two weeks and just get their automated responses via email and messaging services.

    I have stalled my rollout as they originally said 3 working days for account details. (Its been close to 10 days now) I have no outstanding document submissions etc

    Any assistance would be greatly appreciated.
    Regards
    Duncan

    1. Hi Duncan. There is no South African office. If you already tried contacting support through the messaging function, your only other option I can see is to call the “Outside the U.S.” phone number under “Contact Us”.

      1. Hi Greg, I’m surprised that you haven’t mentioned the higher charges that Payoneer has compared to others. $3 set rate for every transactional fee.

        The amount you can withdraw seems to vary between users though.

        “The amount you can withdraw depends on the following:
        Your available balance
        Your minimum withdrawal amount per transaction
        These details are unique to each Payoneer user and are clearly displayed beneath the withdrawal amount field.”

        From their, FAQ…this is a non-answer to me, because I want to know beforehand, all the information.

        Also, they have the right to charge you for inactivity or “maintaining a zero balance” in your account. Some people like me might not cash out like Ysense for instance only allows you to cashout to Payoneer once you have accumulated $50. For a new person, they will not really to get $50 within a month doing surveys.

        Payoneer seems worthwhile for a business or a big team with a much bigger amount of money, not an individual who is freelancing.

        1. Hi Ryan. Thanks a lot for the comments. A lot of good points too.

          I wrote this post over 2 years ago and a lot of things have changed since then. Since things change often, I don’t delve into those specifics as I would have to keep updating the post in perpetuity. This post is mainly to help people to get set up, and help with things I struggled a bit with since there were no local sources available when I was looking. I do however, always respond to questions and link to relevant sources to help when someone gets stuck (which always requires me to redo the research), as you can see above.

          I totally agree with you about Payoneer not being worthwhile in many instances. It is just an option to add to your bag. With regard to YSense, when I wrote the post (it was still called ClixSense then), it was the only option for getting paid so there was no room for comparison. With Airbnb and Amazon Associates, it’s still the only way to get paid so it’s good that we have that option.

          1. Thanks for replying back bud, I appreciate it. I do understand that it was a few years ago that the article was written. Would you consider writing an updated article for work from home sites for 2020? I am unemployed and really need the cash. Thanks to one of your articles I am trying to find various ways to make some but want to delve in the wealthy affiliate program when I can afford it.

    1. So, for what it’s worth, I just came across the $5000 requirement in Payoneer. This is for requesting a payment, which is a different transaction to withdrawing. Requesting a payment sound like a pull transaction. So if you are a merchant and need to execute one, you need to first receive $5000.

      But if someone is sending you money (like Amazon or AirBnB), there shouldn’t be any issue. I started receiving money from Amazon with $0 in my account.

  6. What does the payoneer debit card cost in South Africa and can i transfer money from paypall to payoneer in order to transfer from payoneer to my capitec account? I want to avoid the whole FNB online profile thing?

    Thank you.

    1. Hello Shané
      I signed up for payoneer quite a long time ago so I couldn’t tell you what the cost is now.
      For the record, Payoneer doesn’t use FNB for withdrawal so what you mention above isn’t an issue. You can withdraw from Payoneer to your Capitec account. The article above has a link to my article on how to withdraw. Just check what the fees are before you withdraw. I limit the number of time I withdraw and only make large withdrawals to avoid fees.
      Lastly, there you can’t send money between PayPal and Payoneer.

      Does that answer all your questions?

  7. Hi guys
    I’ve opened an individual Payoneer account and it’s approved but the problem now is in order for Payoneer to process my payments successfully I need to provide more information about my business … I’m confused

    Please assist

  8. Hi Greg
    I have locked myself out of my account which had the final set up to do i.e banking details. I am an Indie author and go through Amazon. I found out that FNB is not accepted by payoneer so would you suggest I open an account at Nedbank or Standard in South Africa. It has been so frustrating as my books are just about ready to go to Amazon I have someone helping me do this. I sent an email to tell them I was locked and I needed to reset my password but I have heard nothing

    1. Hi D’Leane. Please forgive the late response. I’m not getting notifications for comments for some reason so I only saw this now. Where did you hear that FNB is not accepted by Payoneer? I am signed up to Payoneer with an FNB account. If you are locked out, have you tried the “Forgot Password” link? That should allow you to reset your password and you only need your email address for them to send you the reset link.

    1. Yes Victor. You can withdraw from Payoneer from basically anywhere in the world. There is also the option of ordering a Payoneer card and using it at any MasterCard compatible ATM.

  9. Hi Greg. I just wanted to commend you for your selflessness in assisting so many people with their Payoneer questions. I don’t have a question for you (am just researching alternatives to CrapPal 😂) but I just want to you to know that your assistance and dedication is greatly appreciated. If only more people on the world would be so kind, the world would really be a much better place. Keep paying it forward (I know I will).

    1. Hi Pam. Thank you so much for the kind words and I’m glad you found this helpful. To be honest, it’s not all altruistic. The website is part of my business and I do derive material benefit from it. I do, however, strive to be as helpful as I can on all my online channels and comments like yours are their own reward.

  10. Hi, I have recently signed up for a Payoneer account, I would like to find out when I withdraw money from my USD Payoneer account to my local bank which is Capitec bank, will the funds be converted and paid to me in my currency which is ZAR?

  11. I have been battling for weeks to get a letter of confirmation from Payoneer to say that I have opened my account. Clickbank needs this in order for me to start trading.
    It shows my account number etc. on the letter
    All I can get when I open my account is my customer number.
    Please help.
    Desperate.
    Keith Munnik
    Payneer does nit even reply to me several requsests,#.

  12. Hello Greg,
    please i want to know the cost of the debit card for the payoneer account because i intent withdrawing my money from an ATM or sale till. secondly how long does it take to receive the debit card?

  13. Hi i am trying to register on the sa amazon but dont seem to get it right. I also tried to place an order foe a poly gel nail kit but it told me there is a problem with either my order or delivery adress. Can you assist

    1. Hi Engela. As I responded in the previous comment, there is no SA Amazon store. You have to use Aramex and their address. It’s all explained in the article.

    1. Help me understand something. Is this for the setup process of for withdrawal? For the setup I don’t think there was a requirement for a routing number, just a SWIFT code.

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