Disclosure: this guide contains a Payoneer referral link. If you sign up through it, Froshvibes.com may receive a reward at no extra cost to you. Payoneer sets the referral reward amount and conditions, and they can change.
If you are a freelancer, remote worker or online seller, getting paid by international clients is often the hardest part. Payoneer solves that problem by giving you account details in major currencies and letting you withdraw to your local bank. This guide explains how to open a Payoneer account, how to receive payments and how to withdraw your money in Nigeria.
What is Payoneer?
Payoneer is an international payments company used by freelancers and businesses in more than 200 countries and territories. It lets you receive money from clients and from marketplaces such as Fiverr, Upwork and Amazon, hold balances in several currencies and withdraw to a local bank account.
Who should use Payoneer?
- Freelancers on platforms like Fiverr and Upwork
- Remote workers paid by foreign companies
- E-commerce sellers on international marketplaces
- Agencies, affiliate marketers and content creators earning in foreign currency
Key Payoneer features
- Receiving accounts: get local account details for currencies such as USD, EUR, GBP and others, so clients can pay you as if you had a local account in their country.
- Marketplace payouts: many freelance and e-commerce platforms pay directly into Payoneer.
- Withdrawals to local banks: withdraw to your bank account in many countries, including Nigeria.
- Request a payment: send clients a payment request they can pay by bank transfer or card.
How to open a Payoneer account (step by step)
- Sign up using the link below and choose the account type that matches you (freelancer, online seller, etc.).
- Enter your details exactly as they appear on your ID, including your full name and date of birth.
- Add your contact and address details, and set up security questions.
- Add your local bank account for withdrawals; the account name must match your Payoneer name.
- Verify your identity by uploading a valid ID (such as an international passport, national ID or driver’s licence) when asked.
- Wait for approval, usually within a few business days, then share your receiving account details with clients or connect Payoneer to your marketplace account.
How to withdraw from Payoneer in Nigeria
- Log in and go to Withdraw › To bank account.
- Choose the balance (for example USD) and your Nigerian bank account.
- Enter the amount, review the exchange rate and fee shown, and confirm.
Withdrawals typically arrive within a few business days. Always check the exchange rate and fees displayed before confirming, as they vary.
Payoneer fees: what to check
Payoneer’s fees depend on how you are paid and how you withdraw: receiving from some marketplaces is free, while receiving from a direct client, converting currency and withdrawing can carry fees. Fees change over time, so check Payoneer’s current pricing page before you start using it heavily.
Tips to avoid problems
- Use your real, verifiable identity; mismatched names are the most common reason applications fail.
- Only receive payments for genuine work. Payoneer may ask for invoices or contracts.
- Turn on two-step verification to protect your account.
- Never share your login details or one-time codes with anyone.
Payoneer alternatives
Many Nigerian freelancers also use apps like Grey to receive USD, GBP and EUR. Read our Grey app review to compare.
Sign up for Payoneer
Create your account here: Open a Payoneer account. Payoneer runs a refer-a-friend programme that can reward new users who meet its conditions, such as receiving a minimum amount within a set time. Check the current reward and terms on the sign-up page.
Frequently asked questions
Is Payoneer available in Nigeria?
Yes. Nigerians can open Payoneer accounts and withdraw to Nigerian bank accounts.
Is Payoneer free?
Opening an account is free. Some ways of receiving, converting and withdrawing money carry fees, shown before you confirm a transaction.
How long does Payoneer approval take?
Usually a few business days, but it can take longer if more documents are needed.
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