In case you didn’t know, you have the ability to set up and use a Payoneer account for withdrawals on our marketplaces. Also, Payoneer has recently added more countries where you can pay direct to your local bank. Here’s some info on how it works and how you can use it get at your cash!
What is Payoneer?
Payoneer at its core is a online payment system. It allows you another way to get your hard earned cash from our marketplaces into your hands. In addition, Payoneer can be used as an international payment distribution solution that can pay directly to an Envato Prepaid MasterCard®.
Here are some features of the Envato Prepaid MasterCard®:
- Use your card anywhere Debit MasterCard is accepted worldwide or online.
- Get cash at ATM ’s worldwide.
- Online access to your card account allows you to easily check your balance and transaction history.
In addition to the Prepaid MasterCard® cards, Payoneer is now offering Local Bank Transfers.
The Payoneer Local Bank Transfer Service allows you to receive payments directly to your local bank accounts in your local currencies at a very competitive fee.
Envato has setup a Local Bank Transfer with Payoneer to reach to over 200 countries currently. These countries are now listed on the Local Bank Transfer drop down list on the Envato registration page.
The following PDF contains the full list of countries we currently serve through Payoneer as well as the transaction fees for each country:
For more information on the Local Bank Transfer Service check out the Payoneer website.
How to set up a Payoneer account?
Visit your, scroll down and select Envato Prepaid MasterCard® (Payoneer) and you’ll be presented with link to signup with Payoneer.
Important Please ensure you follow this link via your withdrawal page when signing up as this links Payoneer to your Marketplace account.
On the Payoneer Sign Up page look for the Worldwide Bank Transfer Service that is located under the prepaid card sign up. Select your country and you will be directed to the Local Bank transfers service sign up.
Account holders can sign up for a Payoneer prepaid debit MasterCard OR Local Bank Transfers.
Already have a Payoneer Account?
If you already have a Payoneer account following the same process via the withdrawal page link and you can then link the accounts together (top right of the Payoneer/Envato landing page).
Benefits of Local Bank Transfers Service
There are several benefits for setting up a Local Bank Transfer:
- Faster than wire transfers and checks
- Funds are loaded directly to your local bank account in your local currency
- Cheaper than wires
- No maintenance fees
Minimum Transfer Amounts
The minimum transfer amount is $50. Any smaller payments will be aggregated and once the total reaches the threshold of $50, the funds will be transferred to your bank account.