Payoneer sends Anying to obtain collection accounts in foreign banks such as Japan/UK/US etc.

What is Payoneer?

Payoneer is a cross-border payment collection company. Around 2012, we began to provide payment collection assistance for various projects such as cross-border e-commerce trade and foreign advertising fees. Amazon's Chinese merchants should currently be a relatively large customer group for him. In addition to this type of e-commerce industry, U.S. dollars and other currencies earned by our individual users abroad can also be collected through Payoneer. There are also some developers such as Google and Apple. Most of the dollars they earn from selling software in stores are transferred to mainland China through Payoneer.

In addition to providing collection accounts, Payoneer also provides physical bank cards for use, which can be used for direct ATM withdrawal operations in mainland China. Details can be found on Payoneer’s official website.

Why should you consider using Payoneer?

The U.S. dollars and other currencies collected by Payoneer will not occupy our foreign exchange quota of 50,000 yuan per person per year. And the most important thing is that the money collected by Payoneer can be converted into RMB and then deposited into your bank account in mainland China, which eliminates a lot of trouble that banks in mainland China have to provide proof of information.

Normally, if you wire transfer directly from abroad to a bank account in mainland China, the bank will ask you to provide various certificates, cooperation or employment contracts with the remitter, etc. .

If only merchants like Amazon could earn some advertising commissions like us, or if they were APP developers, they could have a shitty contract. If you cannot provide these information, the bank will return the money to you.

Is Payoneer safe and reliable?

Nothing is absolutely safe and reliable. The blogger’s suggestion is that if you have never heard of Payoneer, I don’t recommend you use it.

Payoneer is just a company, not a world-renowned institution or organization. There is a risk that he will swallow money or go bankrupt.

If you are a corporate organization and need to consider compliance issues, you can see Payoneer's financial licenses and other information in various regions around the world at the bottom of Payoneer's official website.

What is Payoneer’s payment collection rate?

The deposit fee is 1%, and it is free after accumulating US$200,000.

The handling fee for withdrawing cash to RMB (exchange settlement) is 2%.

Detailed fees can be viewed on the official website.

What regions and currencies does Payoneer provide accounts in?

Currently, newly registered accounts by bloggers can provide accounts in multiple regional currencies.

1. US account, USD currency
2. Japanese account, JPY Japanese yen currency
3. UK Account, GBP Pound Currency
4. Singapore account, SGD Singapore dollar currency
5. Canadian Account, CAD Canadian Dollar Currency
6. Eurozone Account, EUR Euro Currency

Generally, the first US dollar account is the one we commonly use, but you can apply for multiple bank accounts in Payoneer.

What are the precautions for Payoneer to send Anying?

Some accounts cannot accept payments from certain sources. For example, a U.S. dollar account has the following requirements:

For receiving local bank transfers in U.S. dollars via the ACH network
Support online and offline payment collection for cross-border trade and related services
Only payments from business bank accounts will be accepted; payments from individuals will be declined
You or your company are not allowed to transfer funds to this account
Not supported for receiving wire transfers

Give me an example:

If we are doing Google Adsense, Google Adsense is also divided into accounts in multiple regions. For example, Google Adsense accounts in mainland China can only handle Western Union and wire transfers. You cannot use Payoneer to collect payments.

If you have a US account, there will be no problem. You can directly fill in the US dollar account Payoneer gives you to collect payment.

Google Adsense’s requirements for mainland China accounts are as follows:

The bank account must be opened in China and the currency must be US dollars.

Which page is the account list of Payoneer?

This is in the "Collection" - "Global Payment Service" option in the upper navigation of the background. Click to enter the account list page.

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