How to Deposit Money into Your Payoneer Account [FASTEST METHOD 2024]

  • October 2, 2023

Are you scratching your head about how to deposit money into your Payoneer account from Nigeria?

Look no further! You’re about to explore a comprehensive guide to understanding and navigating the world of Payoneer, with a keen focus on how to deposit money into this globally recognized financial platform.

Payoneer is the gateway to limitless possibilities for businesses, freelancers, and everyday Nigerians wanting to make international transactions.

By the time you’re done reading, the main question, “how to deposit money in Payoneer account,” won’t be a puzzle anymore.

So, are you ready to take a deep dive? Let’s get started.

Understanding Payoneer

Payoneer is an innovative financial services company that enables users to transfer money online, across borders and currencies.

It has become a preferred choice for many Nigerians, especially those who engage in international transactions, primarily due to its speed, security, and cost-effective fees.

Check Out: How to Open a Payoneer Account

Setting Up a Payoneer Account

Before you explore how to deposit money into your Payoneer account, you need to own one. The process is quite straightforward:

  • Visit Payoneer’s official website.
  • Click on “Register” and fill out the required information.
  • You will have to verify your email, so ensure to provide an active email address.
  • After your account is set up, you’ll need to link your Nigerian bank account.

Remember, to successfully set up your Payoneer account, you’ll need to have your personal details handy, including your Nigerian bank account information, and a means of identification.

Related: Best Online Bank in Nigeria

Linking Your Local Bank Account with Payoneer

Now that you’ve set up your Payoneer account, the next step before you can deposit money into your Payoneer account is to link your local bank account. Here’s how to do it:

  • Log in to your Payoneer account.
  • Click on the “Settings” tab, then “Bank Accounts.”
  • Follow the prompts to add your Nigerian bank account details.
  • Click “Submit” to send your details for verification.

Once your bank account is verified and linked, you’re a step closer to understanding how to fund your Payoneer account.

How to Deposit Money into Your Payoneer Account

Depositing money into your Payoneer account is as easy as 1, 2, 3, and below are the simple steps to follow:

  • Visit the official Payoneer website. That’s the starting point.
  • Log into your Payoneer account
  • Once signed in, link your bank account to your Payoneer account, if they haven’t done so already.
  • Next, look for the “Make a Payment” option and click on it.
  • Now, select the currency and the amount they want to send
  • After you’ve carefully entered all the necessary details, it’s time to hit that “Transfer” button and that’s all.

In no time, you should receive a confirmation email that your deposit is successful. That’s how simple it is to deposit money into your Payoneer account from Nigeria.

See Also: How to Make Money Online as a Freelancer

Depositing Money to Payoneer in Different Currencies

An important aspect of how to add money to your Payoneer account is understanding the currency dynamics.

Payoneer supports various currencies such as USD, EUR, GBP, and more. Here’s how to deposit in different currencies:

  • After clicking on “Deposit,” you’ll see an option to select the currency you want to deposit.
  • Choose your preferred currency.
  • Complete the process as previously explained.

Keep in mind that Payoneer will automatically handle the currency conversion based on the prevailing exchange rate.

How Long Does Payoneer Deposit Take?

Now that you know how to send money to your Payoneer account, you might wonder, “How long before it reflects in my account?”

Typically, it takes 2-5 business days for the deposit to show up in your account. If it doesn’t appear within this timeframe, you should contact Payoneer’s customer support.

Payoneer Deposit Charges and Fees

Before you deposit money into your Payoneer account, it’s essential to understand the associated fees.

Payoneer charges a small fee for transactions, which varies based on the deposit method. However, compared to other platforms, these fees are quite competitive, making Payoneer a cost-effective option.

Troubleshooting Common Payoneer account Funding Issues

While understanding how to deposit funds into your Payoneer account, you might encounter some common issues.

These could range from failed transactions, delays, or discrepancies in deposited amounts.

Should any of these happen, ensure to contact Payoneer’s support via their help center. They’re swift, efficient, and always ready to assist.


By now, I believe the question, “how to deposit money in Payoneer account,” is no longer a mystery. From setting up your Payoneer account to linking your bank account, selecting your preferred currency, and finally making the deposit, you’re now equipped to navigate the Payoneer waters with confidence.

Remember, each step is vital, so ensure you follow through meticulously. The world of seamless and efficient international transactions awaits you with Payoneer!