Payoneer Nigeria Sign Up: How to Open an Account and Get Paid 2024

  • October 2, 2023

Ever wondered, “How can I effortlessly conduct international transactions from the comfort of my home in Nigeria?” Well, you’re about to unlock the power of Payoneer Nigeria!

In our increasingly digital and interconnected world, managing payments, especially cross-border ones, has become a necessity for businesses and individuals alike.

Payoneer offers an exceptional solution, serving as a reliable and efficient global payment system.

If you’re yet to sign up, don’t worry! Nairarush got you covered with our in-depth guide on how to open a Payoneer account in Nigeria.

So, without any waste of time, let’s go!

What is Payoneer?

First things first, what’s Payoneer all about?

Payoneer is a financial services company that provides online money transfer and digital payment services.

Think of it as your virtual wallet, allowing you to send and receive funds internationally. With a Payoneer account, you can also get paid directly by numerous freelance marketplaces, affiliate programs, and more.

Now you might be asking, “Is Payoneer legit?”

Absolutely! Payoneer operates in over 200 countries, Nigeria included. It stands tall among its competitors, making it a top choice for international monetary transactions. 

Let’s dig deeper into how people make use of Payoneer in Nigeria.

Related: How to Open Grey Account in Nigeria

How Does Payoneer Work in Nigeria?

Payoneer Nigeria

Many of you might still be wondering, “How does Payoneer work in Nigeria?” Well, let’s demystify this together!

Payoneer operates in Nigeria just like it does anywhere else in the world, creating a bridge for individuals and businesses to perform global transactions with ease.

Once your Payoneer account is activated, you can begin to use it for various financial operations. From receiving payments from freelance clients across the globe to paying suppliers in different countries, Payoneer Nigeria simplifies these processes.

Think of Payoneer as your electronic wallet. Once you receive funds in your Payoneer account, you can choose to transfer them to your local bank account or use the Payoneer Mastercard to withdraw at ATMs or pay for goods and services.

It’s as easy as using your regular bank account, but with added benefits like the ability to transact in multiple currencies and reduced fees on international transactions.

Check Out: How to Open Opay Account in Nigeria

Why Payoneer is a great choice for Nigerians

Nigeria, with its booming freelance and e-commerce sectors, has a growing need for secure and efficient international money transfer solutions. Here’s where Payoneer Nigeria shines, stepping up to meet this demand.

Compared to other platforms like PayPal and Skrill, Payoneer offers competitive fees, a user-friendly interface, and the ease of transacting in numerous currencies.

Hearing from users themselves, John, a friend, and a freelance graphic designer in Lagos shares his Payoneer review: “Since I started using Payoneer, I’ve been able to effortlessly receive payments from my clients worldwide. It’s truly a game-changer.”

Read Also: Best Online Banks in Nigeria

How to Open a Payoneer Account in Nigeria: Step-by-Step Guide

Now let’s get to the meat of the matter – the Payoneer sign-up process. This might sound daunting, but fear not!

We’re here to guide you every step of the way. So, let’s start the process of “how to open a Payoneer account in Nigeria” together with the following steps:

1. Visit the Payoneer Website or Download the Payoneer App

Your Payoneer account creation journey begins at the Payoneer website or on the Payoneer app, available for download from Google Play Store or the Apple App Store.

2. Begin the Payoneer Sign Up Process

On the Payoneer website or inside the Payoneer app, you’ll find a ‘Register’ or ‘Sign Up’ button, usually at the top right corner.

Click on this to begin the process of Payoneer account creation.

3. Fill in Your Personal Details

Payoneer Account

This step is crucial in your journey to create a Payoneer account. You’ll need to provide accurate personal details, including your name, date of birth, and email address.

This is similar to opening a bank account, so ensure all details are accurate.

4. Provide Your Contact Details

Next, you’ll be required to input your contact information. This will include your country (Nigeria, in this case), your address, city, postal code, and phone number.

Providing accurate information is vital, as Payoneer may use these details to contact you.

5. Secure Your Payoneer Account

Now it’s time to set up your security details. These will be the keys to your Payoneer sign in.

You’ll need to choose a strong password and a security question. Remember to choose a question with an answer you won’t forget!

6. Provide Your Bank Account Details

To successfully create your Payoneer account, you’ll need to provide your Nigerian bank account details. “But is Payoneer legit?” you might ask.

Rest assured, Payoneer employs top-tier security measures to protect your data and your funds. So, go ahead and provide your bank name, account name, account number, and the SWIFT/BIC code of your bank.

7. Verify Your Identity

Payoneer takes security seriously, and this step proves it. You’ll be asked to verify your identity using a government-issued ID (International Passport, National ID card, or Driver’s License).

This step is vital to protect your account and ensure that it meets international financial regulations.

8. Review and Submit

Before you click that ‘Submit’ button, review all the information you’ve entered. Make sure everything is correct to avoid any issues with your Payoneer account in the future. Once you’re sure, go ahead and hit ‘Submit’.

After you complete these steps, you’ll receive a confirmation email. Verify your email address by clicking on the link provided.

Congratulations! You’ve just completed your Payoneer sign up.

Navigating the Payoneer Platform

After creating your Payoneer account, you might feel overwhelmed with the various features. Let’s break it down.

First, signing in is simple. Use your Payoneer sign in details on the website or app, and you’ll be directed to your dashboard. Here, you can monitor your balance, view transactions, and much more.

To send funds, click on “Pay” or “Send,” select the amount, input the receiver’s details, and hit “Send.” For receiving funds, simply provide your Payoneer email address to the sender.

See Also: Best Fintech Apps in Nigeria

How to Receive Money Through Payoneer in Nigeria

Moving on, you’re probably curious about “how to receive money through Payoneer in Nigeria?”

There are three ways this can be done, although all is quite straightforward, and here’s how you do it:

Direct Payment

When a client or anyone needs to send you money, simply provide them with the email address associated with your Payoneer account.

This method works globally, allowing you to receive funds from anywhere in the world.

Request a Payment

Another way to receive money through Payoneer in Nigeria is by requesting a payment. This is especially useful for business transactions.

You can create a payment request from your Payoneer account and send it to your client’s email. Once they complete the payment, the funds will be deposited into your Payoneer account.

Receive from Marketplaces

If you work on freelance marketplaces like Upwork or Fiverr, or sell on e-commerce platforms like Amazon, you can get paid directly into your Payoneer account. Simply link your Payoneer account to your profile on these platforms.

Once the funds are in your Payoneer account, you can either use them directly for other transactions or withdraw them to your local bank account in Nigeria.

Remember, with Payoneer, you’re always in control of your funds.

Check Out: How to Become a Profitable Freelancer in Nigeria

Common Issues and Troubleshooting

In your journey with Payoneer Nigeria, you might face some common issues. Here, we address a few and provide solutions.

Account Verification

If you’re facing difficulties verifying your account, ensure that the government-issued ID you provided during the Payoneer account creation is clear and visible.

Payment Delays

If you experience delayed payments, check if the sender has completed all necessary steps. You can also contact Payoneer’s support team for assistance.

Related: List of Commercial Banks in Nigeria

Tips to Use Payoneer to Your Advantage

You now know how to open a Payoneer account in Nigeria, but are you aware of how to maximize it? Let’s explore some tips.

  • Business Transactions: Use your Payoneer account for your business transactions. This makes it easy to separate personal and business finances.
  • Avoid Fees: Always monitor your transactions to avoid unexpected fees. Keep an eye out for notifications about changes in fee structures.
  • Secure your account: Lastly, ensure that your Payoneer sign-in details are kept secure. This way, your hard-earned money stays safe.

Payoneer Nigeria – FAQs

Is Payoneer available in Nigeria?

Yes, Payoneer is available and fully functional in Nigeria.

How does Payoneer work in Nigeria?

Payoneer allows you to send and receive international payments directly from your account.

How to receive money through Payoneer in Nigeria?

After your account is set up, simply provide your Payoneer email address to the sender to receive money.

Which banks support Payoneer?

Most Nigerian banks support Payoneer, including GTBank, Access Bank, Zenith Bank, and First Bank, among others.

Does GTBank accept Payoneer?

Yes, GTBank accepts Payoneer. You can link your GTBank account to your Payoneer for seamless transactions.

Which Nigerian bank is best for Payoneer?

All major Nigerian banks work well with Payoneer. Your choice depends on your personal banking preference and convenience.

Can I use my NIN to verify my Payoneer account?

No, Payoneer requires a government-issued ID like International Passport, Driver’s License, or National ID card for verification.

Can I open Payoneer without a bank account?

Yes, but to fully utilize Payoneer’s features in Nigeria, linking to a local bank account is recommended.

How long does it take for Payoneer to receive money?

It typically takes 2-5 business days for funds to reflect in your Payoneer account, depending on the transaction source.

How long does it take to get a Payoneer card in Nigeria?

Once requested, it may take 2-4 weeks for your Payoneer card to arrive in Nigeria.


So, does Payoneer work in Nigeria? The answer is a resounding yes! With Payoneer Nigeria, you can seamlessly handle international transactions.

Our guide has walked you through how to create a Payoneer account, navigate the platform, troubleshoot common issues, and maximize your account.