Yesterday, a friend told me that Payoneer had disabled the 'Make A Payment' option on his account. I thought it was unique to his account until I checked mine and it was disabled too.
I think they disabled it on the accounts of most Nigerians. With the new development, how do we withdraw our money out through payoneer? I currently have $1k+ in my account and I can't be withdrawing it through ATM.
Does anybody have an idea on an alternative way of getting out payoneer dollars in Nigeria apart from using the ATM option?

As it is now, you can only withdraw via your bank account linked to the Payoneer card.

If you have up to 1k, you can withdraw directly to your Nigerian savings account or domiciliary account. That's pretty straightforward.

Subudu:
Yesterday, a friend told me that Payoneer had disabled the 'Make A Payment' option on his account. I thought it was unique to his account until I checked mine and it was disabled too.
I think they disabled it on the accounts of most Nigerians. With the new development, how do we withdraw our money out through payoneer? I currently have $1k+ in my account and I can't be withdrawing it through ATM.
Does anybody have an idea on an alternative way of getting out payoneer dollars in Nigeria apart from using the ATM option?

I can buy the account with the fund inside. My WhatsApp link is in my signature. Chat with me

Slimdoug:
If you have up to 1k, you can withdraw directly to your Nigerian savings account or domiciliary account. That's pretty straightforward.

What is the exchange rate sending to the bank directly?

1x2x3:


What is the exchange rate sending to the bank directly?

The bank rate is usually not favorable. Around 332/$

Slimdoug:


The bank rate is usually not favorable. Around 332/$

I have a payoneer account but I've never used it and I want to start doing so.

I have linked my GTB naira account to it, but my question is, since my GTB account is in NGN can dollars in my payoneer be transferred directly to my naira account for onword withdraw via naira ATM?

Pardon my ignorance, I've not used payoneer to withdraw before.

FESTAC101:


I have a payoneer account but I've never used it and I want to start doing so.

I have linked my GTB naira account to it, but my question is, since my GTB account is in NGN can dollars in my payoneer be transferred directly to my naira account for onword withdraw via naira ATM?

Pardon my ignorance, I've not used payoneer to withdraw before.

Sure. You can withdraw straight to your Nigerian bank account. But the catch is, you can't withdraw less than $1,000. They will also charge you $30 or so per withdrawal. Again, if you withdraw to your Naira savings account, your bank will do the exchange on your behalf for about 332/$ instead of 360/$. So, the best option will be to get a domiciliary dollar account from your Nigerian bank which you can receive your funds into, and then exchange for $360/$ with a local exchanger.

Slimdoug:


Sure. You can withdraw straight to your Nigerian bank account. But the catch is, you can't withdraw less than $1,000. They will also charge you $30 or so per withdrawal. Again, if you withdraw to your Naira savings account, your bank will do the exchange on your behalf for about 332/$ instead of 360/$. So, the best option will be to get a domiciliary dollar account from your Nigerian bank which you can receive your funds into, and then exchange for $360/$ with a local exchanger.

Many thanks for this valuable response,it is well appreciated.

Slimdoug:


The bank rate is usually not favorable. Around 332/$

Which bank? Atm rate pays lesser

ATM pays me 20k for $61 fees inclusive.

20,000 ÷ 61 = 327

Slimdoug:


Sure. You can withdraw straight to your Nigerian bank account. But the catch is, you can't withdraw less than $1,000. They will also charge you $30 or so per withdrawal. Again, if you withdraw to your Naira savings account, your bank will do the exchange on your behalf for about 332/$ instead of 360/$. So, the best option will be to get a domiciliary dollar account from your Nigerian bank which you can receive your funds into, and then exchange for $360/$ with a local exchanger.

Does payoneer still give the free USA bank account when one do registration as of today?
Is it possible to withdraw from ATMs using payoneer master card if my balance is below this $1000?
Please, what is the new process and also the requirements for oppening a payoneer account today? I ask because it's like it is different now.
Thank you so much bros. I really need your response to help me clear my confusion.

1x2x3:


Which bank? Atm rate pays lesser

ATM pays me 20k for $61 fees inclusive.

20,000 ÷ 61 = 327

Diamond Bank.

timiyoyo55:

Does payoneer still give the free USA bank account when one do registration as of today?
Is it possible to withdraw from ATMs using payoneer master card if my balance is below this $1000?
Please, what is the new process and also the requirements for oppening a payoneer account today? I ask because it's like it is different now.
Thank you so much bros. I really need your response to help me clear my confusion.

Yes. You can still receive ACH transfer with your designated US account number with payoneer. Once you have a balance, even less than $1000, you can do ATM withdrawals with your card.

You can withdraw your payoneer funds by using the services of sendvalu or transferwise.
Google search them and make sure you have a valid means of ID eg PVC or Drivers license

Your assertion that they disabled most Nigerians make a payment option is also wrong.
Millions of Nigerians like myself still have functioning MAP. they disable the feature randomly

Hello Taiwoakin how does this Sandvalu work?

A vendor pays into my Payoneer account,them how do I take it from there.
Also,what's the exchange rate like?


Many thanks.

Subudu:
Yesterday, a friend told me that Payoneer had disabled the 'Make A Payment' option on his account. I thought it was unique to his account until I checked mine and it was disabled too.
I think they disabled it on the accounts of most Nigerians. With the new development, how do we withdraw our money out through payoneer? I currently have $1k+ in my account and I can't be withdrawing it through ATM.
Does anybody have an idea on an alternative way of getting out payoneer dollars in Nigeria apart from using the ATM option?

Just checked this morning. The "make a payment" option is still available on my account and is working perfectly. Maybe your account has been restricted due to suspicious transfers.

taiwoakin:
You can withdraw your payoneer funds by using the services of sendvalu or transferwise.
Google search them and make sure you have a valid means of ID eg PVC or Drivers license

Pls how do I use Transferwise to get money from Payoneer to my bank account.

taiwoakin:
You can withdraw your payoneer funds by using the services of sendvalu or transferwise.
Google search them and make sure you have a valid means of ID eg PVC or Drivers license

Please what did you use? Sendvalu or TransferWise?

Slimdoug:


Sure. You can withdraw straight to your Nigerian bank account. But the catch is, you can't withdraw less than $1,000. They will also charge you $30 or so per withdrawal. Again, if you withdraw to your Naira savings account, your bank will do the exchange on your behalf for about 332/$ instead of 360/$. So, the best option will be to get a domiciliary dollar account from your Nigerian bank which you can receive your funds into, and then exchange for $360/$ with a local exchanger.

Hi Slimdoug, thanks for this response. I have a question please. I have $317 in my Payoneer account and would love to withdraw $300. I don't have a dorm account but my in law has. My question is, can I add my in laws dorm account to my payoneer account and send the money to him?

And will he be paid in dollars? If yes, since it's not up to $1k, will his bank in Nigeria pay him the $300 in dollars? I would really appreciate your response. God bless you.

whyworryPH:


Hi Slimdoug, thanks for this response. I have a question please. I have $317 in my Payoneer account and would love to withdraw $300. I don't have a dorm account but my in law has. My question is, can I add my in laws dorm account to my payoneer account and send the money to him?

And will he be paid in dollars? If yes, since it's not up to $1k, will his bank in Nigeria pay him the $300 in dollars? I would really appreciate your response. God bless you.

You can't withdraw less than 1k directly to a domiciliary account.

Slimdoug:


You can't withdraw less than 1k directly to a domiciliary account.

Thanks

Where did you see that you can't withdraw less than $1k? Can you please share the link. My account only shows that it will cost $15 per transaction to withdraw to bank account has my send option was also disabled.

Slimdoug:


You can't withdraw less than 1k directly to a domiciliary account.