Opening an Account in the Payoneer Payment System
How to open a Payoneer account
Payoneer is a payment system that offers clients financial services and online money transfers. The company is a registered provider of the international Mastercard payment network.
Payoneer opens personal and corporate accounts for clients from any jurisdiction except those under U.S. sanctions.
Account holders receive bank details for incoming transfers and outgoing payments. The accounts sit in U.S., European, and several other banks, and at registration the client chooses the currency: USD, EUR, GBP, and others.
| Type | Payment system, registered Mastercard provider |
| Coverage | Any jurisdiction not under U.S. sanctions |
| Opening fee | None |
| Procedure | Fully remote, online |
| Main review stage | Up to 5 business days after full data submission |
| Total timeline | 1-3 weeks |
What the registration procedure looks like
Payoneer has no physical branches, and the whole registration runs remotely, online. Neither individuals nor legal entities pay a fee for opening an account.
Registration consists of two stages:
- Preparation. Before the actual registration you collect the information and documents the application needs. How long this takes depends on the applicant; with our specialists handling it, the stage gets shorter.
- Main stage. Up to 5 business days from the moment all client data is submitted. Payoneer may request additional information or documents under Know Your Customer (KYC) requirements, which can extend the timeline.
If questions come up while you manage the account, Payoneer's support service works in Russian and English, so issues get resolved quickly.
Where Payoneer applications fail
During verification Payoneer checks every document and detail the user submits. If the data does not meet the requirements, registration is refused, no follow-up data is requested, and future attempts to register an account are rejected as well.
That is why it pays to prepare before applying. Our specialists prepare the full document set for the company, the account manager, and the director, and open a Payoneer account for you with minimal risk of rejection.
Free initial consultation on legal issues related to the daily activities of the business
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learn moreOpen an Account in a Payment System
Our team will handle all legal formalities, prepare the required documents, and open a payment system account for you. We work with payment systems from the EU, USA, Hong Kong, Singapore, and other countries.
learn moreFrequently Asked Questions:
To open an account in the Payoneer payment system, you need to fill out an online form, upload personal documents of the director and beneficiary, and answer additional questions. Each company is reviewed individually. To ensure your application is submitted correctly, it is best to consult specialists.
The final cost of opening a Payoneer account depends on the company’s residency, its participants, the nature of the company’s activities, and other factors. You can find out the exact cost of opening a Payoneer account for your company by contacting our specialists.
Opening a Payoneer account takes 1-3 weeks.
Yes, a Payoneer account can be opened online by completing electronic forms and uploading the required documents.
