After several weeks of trying to create a Payoneer account, I finally figured out the necessary steps, documents, and requirements needed to open one in Nigeria successfully. If you’ve been struggling with this too, don’t worry—this guide will walk you through everything you need to know.
What is a Payoneer Account?
A Payoneer account is essentially the best replacement for PayPal in Nigeria. With Payoneer, you can receive international payments easily—just by providing your email. Payments are usually received in foreign currency and can be transferred directly to your Nigerian domiciliary account or withdrawn in Naira. If you’re a freelancer, remote worker, or business owner trying to receive payments from clients outside Nigeria, Payoneer is one of the best and most effective options available.
The process is simple, and unlike many other payment platforms, it doesn’t require extensive documentation or excessive verification steps. Below, I outline the four key steps to follow if you want to create a Payoneer account in Nigeria.
Step-by-Step Guide to Opening a Payoneer Account in Nigeria
Step 1: Visit the Payoneer Website
Go to the official Payoneer website and click on Sign Up & Earn $25 to begin the registration process.
Step 2: Select Your Account Type
Choose the type of account you need:
- Freelancer – If you work online and want to receive payments from international clients. do you know you can start your career as a freelance writer in Nigeria? well check out our remote work page and join our team of writers to begin.
- Online Seller – If you own an eCommerce store and need a payment solution.
- Affiliate Marketer – If you earn commissions from affiliate programs like Amazon Associates.
- Business Owner – If you run a company that deals with global transactions.
Step 3: Fill Out Your Personal Information
Provide accurate details, including:
- Full Name (as it appears on your government-issued ID)
- Email Address
- Date of Birth
- Contact Information (Phone Number and Residential Address)
Step 4: Enter Your Bank Account Details
You need a valid Nigerian bank account to link to your Payoneer account. Ensure your name matches the one on your bank account to avoid verification issues.
Step 5: Submit Your Application & Verify Your Identity
Payoneer may ask you to verify your identity by submitting a scanned copy of your national ID card, international passport, or driver’s license.
Step 6: Wait for Approval
Once your account is reviewed and approved (usually within a few days), you can start receiving payments.
What Are the Documents Required to Create a Payoneer Account?
To successfully register, you will need:
- A valid government-issued ID (NIN, International Passport, or Driver’s License)
- A Nigerian bank account (preferably a domiciliary account for USD withdrawals)
- A valid email address
- A phone number for verification
- Proofing your residential address, with documents such such as bills, and bank statements containing your residential address and even a tenancy agreement is also and essential document required to open a payoneer account in Nigeria. (This was the most difficult part for me).
Frequently Asked Questions (FAQs)
Can I Open a Payoneer Account in Nigeria?
Yes, you can. Simply visit the registration page and sign up.
Can Nigerians Use Payoneer?
Yes. It is open to users in Nigeria.
How Much Does Payoneer Charge for Receiving $100?
Payoneer typically charges a fee for receiving payments, which depends on the method used. The exact fee can be found on their official pricing page.
Which Nigerian Banks Work with Payoneer?
Most Nigerian banks allow Payoneer withdrawals, especially if you have a domiciliary account. Popular banks include:
- First Bank
- GTBank
- Access Bank
- UBA
Does Payoneer Accept NIN?
Yes, Payoneer accepts the National Identification Number (NIN) as a valid form of ID for verification.
How Much is 1 Dollar on Payoneer in Nigeria?
The exchange rate fluctuates based on market conditions. Please check Payoneer’s platform for the latest exchange rate before making transactions.
Which is Better: PayPal or Payoneer?
Payoneer is better for receiving international payments in Nigeria, as PayPal does not allow Nigerians to receive funds. With Payoneer, you can receive payments globally and withdraw in foreign currency or Naira.
Final Thoughts
Opening a Payoneer account in Nigeria is straightforward and greatly benefits freelancers, business owners, and online entrepreneurs. With easy withdrawals, low fees, and a $25 sign-up bonus, it’s an excellent financial tool for global transactions.
Get started today by signing up and enjoying seamless international payments!
Need further assistance? Drop your questions in the comments!
Hi, I am a writer for revampNG