- Payoneer in India – FAQs
- What is Payoneer?
Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Google, Airbnb, Upwork and Getty Images rely on Payoneer’s mass payout services. With Payoneer’s fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally.
- What are we offering professionals in India?
Payoneer offers freelancers, professionals and business-owners in India a service which you can use to receive payments from US or EU companies. Payoneer’s US and EU Payment Service allows you to receive transfers from international companies directly to Payoneer – as easily as if you had a US or EU bank account (This transfer may result in a landing fee charged by your bank). The funds are then transferred automatically from Payoneer to your local Indian bank account in INR on a daily basis so that you receive your funds quickly and at low cost.
- How has the Payoneer product changed for Indian customers?
We are now delighted to be offering our Indian customers a payment service that does not require a prepaid card. This new service automatically transfers any balance to your local bank account in INR on a daily basis (This transfer may result in a landing fee charged by your bank).
- Are there any limitations on the size of payments I can receive to Payoneer?
We are now delighted to be offering our Indian customers a payment service that does not require a prepaid card. This new service automatically transfers any balance to your local bank account in INR on a daily basis.
This is a limit of INR 5,00,000 per single transaction and the total INR amount of transfers to Your Bank Account shall be limited to INR 500,000 per Business Day and INR 2,500,000 per calendar month. All payments received in USD or EUR will be converted and transferred to your local bank account in INR. Any payments that exceeds those limits will have to be rejected.
- What is the US and EU Payment Service?
Our US/EU Payment Service empowers you to grow your business and work with international clients, without having to worry about how to get paid. You’ll receive US and EU Payment Service bank details, which enable you to receive bank transfers from companies directly to Payoneer (This transfer may result in a landing fee charged by your bank). Whether it is ACH transfers in the US or SEPA transfers in the EU, you are provided with the tools to do business globally as easily as you do locally.
- Can I get paid from any company using the US and EU Payment Service?
Payees in India can get paid by any company that has undergone our review process. Payments from other companies, as well as Paypal and other e-wallets, will be rejected. If you wish to get paid by a company that has not been reviewed, please contact us with the details of the company and we will consider your request.
- Can I use Payoneer to withdraw funds from Paypal or other e-wallets?
You are unable to withdraw funds to Payoneer from Paypal and other e-wallets.
- What happens in case the payment I received is over the limit?
If the payment was received through the US or EU Payment Service, unfortunately we will be unable to accept the payment and it will be returned to the sender. If the payment was sent by a company that offers Payoneer as a direct payout option, the funds will be sent.
- How can I view my payments history?
- How will a payment via the US and EUR Payment Service be transferred from the company to my bank account?
When you register to Payoneer, you will be asked to enter your local bank account details. After receiving a payment, it will be transferred automatically within 24 hours to your bank account.
- What is Payoneer?