Payoneer: What It Is and Its Importance for Your Personal and Professional Development

Online Business Made Simple with Payoneer

24^th April 2023

In this article, we are going to look at what Payoneer is and how it works, how to register for their outstanding MasterCard cards, how important their cards are, how this relates to a personality type, and your take on this business. If you write and publish books on Amazon while living in Africa, Payoneer is your only payment option. Besides, you can earn up to $25.00 per a referral you made. With that said, let’s get started.

What Is Payoneer?

This is the only available payment option for African authors on Amazon. This is because there is no any other option to get paid. Amazon doesn’t support PayPal or African banks. But with Payoneer, you can be able to create your virtual bank accounts in the US and you will use those details on your Amazon account.

“Payoneer is a payment platform that allows merchants to send and receive payments without requiring a merchant account. Payoneer does not let merchants directly bill customers. Instead, businesses request payment through the platform and wait for customers to remit funds.” ~ nerdwallet.com.

Amazon will then use your bank account details to pay you your author royalties every month. Since I have started to use this tool in November 2012 to the time of this writing, I have no issues with them at all except for residential address issues, which were all taken care of. This means I still recommend them to all African authors on Amazon.

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You will first need to apply for a free account, and then apply for a free MasterCard, which they will then mail to you for free. You only pay what they call maintenance fee each year, and that’s very little in my case compared to other bank charges. They also have different types of cards you may have to choose from.

As for me, I love the MasterCard card. It works like a charm. It serves the purpose for me. I use it mostly to receive author royalties from the Amazon US store. All other Amazon sales are calculated and paid into my USD account. This means I also have accounts in different currencies based on where I sell books on Amazon. You can also use the card online, but we are going to say more on this later on in the article.

How Does Payoneer Work?

Payoneer works as a bank, a virtual bank for us who live in Africa. However, that bank account is real and it’s working. It has all the features you need for online banking, including a credit card. You then need the account number and other numbers so that you can use them to get paid. Their card also works independently from the bank account. This means you can use the card to buy things online. You can use it to purchase online courses, digital services, and digital products such as antivirus software and much more.

As you are going to see shortly, the process is simple. You only apply or register for a free account on their website and soon they will approve your account (I hope so), and then they will freely ship to you your card. These days, they also require a bank account besides your legal details in order for you to open an account.

This also makes it easier for you to withdraw money from your virtual Payoneer account online to your local bank in about 3 business days, if you link your banks. Then you can now withdraw cash from your bank if you need it. You can also use your card to withdraw money from any ATMs that accept it. In Kenya, only Ecobank Kenya accepts their MasterCard cards. The same may be true with Ecobank South Sudan as well, just give it a try.

How Do I Register With Payoneer?

Ah, now, how do you even register for an account? It’s much easier to register than you have actually anticipated, and this section of the article will show you how to go about it, in simple steps. As mentioned earlier in this article, the process is always smooth.

First: Prepare Personal Information. This information is your full name in the order it appears on your legal documents, such as national ID, driver’s license, passport, and others. This is because your account name must be identical with your actual name, not something fictitious or made up for the sake of signing up for an account.

It will also make it possible for you to link your bank account at home with that of Payoneer if the legal names are the same. Even if you are applying for a business or an institution, you need to use the exact name of the institution or business in the appropriate case at hand.

If you are applying for a business, use that business name. if it’s a personal account, then use your name as explained above.

Second: Enter Your Personal Data. You need to click here now to visit Payoneer website and fill in your details online. This will take a minute or less if you already have your information as explained above. The good news is that there are always fields to enter your data into, and this can help you avoid unnecessary errors. When done, let’s move on to the next step.

Third: Confirm Your Account. A link will be sent your email address and you simply have to check it and click on a link to confirm you are human. When done, the account confirmation process begins right there. Now, a human being will have to review your application and it will take about three (3) business days for them to get back to you mostly by email. The confirmation email actually tells you which steps you are in so that you know what they are working on at the moment.

Fourth: Wait for Your Card. When your account is approved, the next thing is to request for a card and then wait for it. The card request is done on the website on your account section. This is where you will find your cards and bank account details. They will send you the card using your mailing address on file. This is why you must enter the correct details including your address.

Fifth: Activate Your Card. After you have received your card from Payoneer, you will have to activate it before it should work. To do this, go to their website and click on a link that tells you to activate your card. They even expect when the card should arrive to your destination, thus, they know you need to activate it now. Follow the on-screen instructions and your card will soon be active.

You can then use the card as explained earlier. That means you can now use it to pay or purchase things online and in stores and restaurants that accept it. You can even use it as a payment method and people will pay you using it. In my case, the latter is true. I use it to receive my author royalties from Amazon.

Disclaimer: We will both get a small commission of $25 each if you get your first $100 payment through the card. But, the very first reason I want to share this opportunity with you is because it works for me and for many other Amazon authors from Africa.

The Importance of Payoneer

Ah, for me, there is no question at all. Payoneer is the best option for me in Africa, maybe until later on when I move to the Western world where I will have other options to choose from. But for now, they are the real deal for me. At least their account numbers, routing numbers, and cards are doing the job for me.

If you are an author, publishing books on Amazon or you wish to do just that, they are the best option for you, if you live in Africa or in other parts of the world. What if you don’t publish books on Amazon? Do you still need this MasterCard? It all depends on what you want to do with it.

As mentioned earlier, you can use the card not only on Amazon but on many other sites, either to shop with it online and offline, or use it to get paid. It all depends on you. It all depends on your need.

You might need to do some research to find out more about what you can do with a Paynneer MasterCard card. There are many online and offline businesses that accept this card as a payment method. That’s how important it is. It works!

Payoneer and Personality Types

Now, how does this relate to your personality type? First, let’s remember that a personality is what identifies a person. It’s what makes one unique and different from the rest of the family members. For that reason, a personality type determines whether one will use tools such as these.

What is your personality type? Maybe you need to take some time to discover and then gradually improve both yourself and your career. This is because I can’t recommend the tools I personally use and love to everyone I know. Why not? It’s because not all of them will love to use them.

I am sure not everyone in the 1^st World enjoys every tool available to her. This again depends not only on choices but on her personality. Personality determines her choices, and there is no judgment about this at all. I am not here saying that if you don’t like it then you have a problem.

Again, I recommend you do a self-assessment test. This test is simple. You don’t any complicated tools to do this. You already know the main thing about yourself. This is because you don’t become; you are. However, you can surely discover that personality in you and then gradually improve it, over time.

Summary

In short, we have discussed much about what Payoneer is and how it works, how to register for their card, how and what to use the card for, your personality type in relation to this business, and finally, how important it is to use these tools.

Did you know about Payoneer before reading article? Did you learn anything new after reading this article? What was it that you knew before? What is it that you learned after reading? Would you like to recommend this article for others? I would love to hear from you in the comments below. Other readers will also love to hear from you.

Thank you very much for your time!

Hastags: #digitalmarketing #lifecoaching #selfpublishing #technology