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How to send or schedule payments to your recipient’s bank account

At Payoneer, our focus is always on helping you pay and get paid quicker and easier than ever – wherever your team is based. We understand that speed and certainty are crucial for any business. That’s why we make it easy to pay your contractors, employees, or suppliers straight to their bank account. By sending…

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Payoneer Team

At Payoneer, our focus is always on helping you pay and get paid quicker and easier than ever – wherever your team is based. We understand that speed and certainty are crucial for any business. That’s why we make it easy to pay your contractors, employees, or suppliers straight to their bank account. By sending or scheduling payments directly to your recipient’s bank account, you get complete control over all your outgoing payments. This capability has long been enjoyed by Payoneer users because:
  • Paying international contractors, suppliers, and employees is made simple, quick, and secure. In just a few clicks, you can send payments globally from the funds held in your account.
  • Scheduling payments means you’ll never miss or forget another payment. Whenever it’s convenient for you, simply schedule all your outgoing payments and free yourself from having to sign in on the specific payment dates.
  • Batch payments allow you to send up to 1,000 payments worldwide at the click of a button, saving you time and energy when paying recurring invoices or making multiple payments at the same time.*­­­
To start paying your contractors, suppliers, and employees directly to their bank accounts, simply follow these steps:
  1. Click Pay in the main menu and then select Pay to a recipient’s bank account.
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  1. If you want to schedule your payment, toggle the slider and input your chosen payment date. For immediate payments, simply add your payment details (select the balance you want to use, choose the bank account you want to transfer funds to, enter the amount you want to transfer, and add an optional reference number and description). Once you’re ready to make your payment, click Review.
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  1. Make a final check of the payment details and either click Pay or Schedule payment.
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  1. You’ll then see a confirmation screen containing your transaction ID (and a payment date for any scheduled payments).
Sending or scheduling payments to your recipient’s bank account makes processing payments quick, easy, and gives you complete control over your outgoings. Try it today! Note: If this is your first time paying to a recipient’s bank account, at step 2 click Add bank details and then select Add bank account. Once you’ve entered the necessary details, we’ll review your instruction and send it for bank approval – making your entire payment process speedy and smooth.    

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Disclaimer 

Nothing herein should be construed as if Payoneer Inc. or its affiliates are soliciting or inviting any person outside the jurisdiction where it operates/is licensed to engage in payment services provided by Payoneer Inc. or its affiliates, unless permitted by applicable laws. Any products/services availability are subject to customer’s eligibility. Not all products/services are available in all jurisdictions in the same manner. Depending on your eligibility, you may be offered with the Corporate Purchasing Mastercard, issued by First Century Bank, N.A., under a license by Mastercard® and provided to you by Payoneer Inc., or the Payoneer Business Premium Debit Mastercard®, issued and provided from Ireland by Payoneer Europe Limited under a license by Mastercard. The Payoneer Business Premium Debit Mastercard® cannot be used at merchants or ATMs in Hong Kong or for HKD payments. If you are located in the EEA, all Payoneer Services will be provided to you by Payoneer Europe Limited, trading as Payoneer and regulated by the Central Bank of Ireland.

The information in this document is intended to be of a general nature and does not constitute legal advice. While we have endeavored to ensure that the information is up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability or suitability of the information. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever incurred in connection with the information provided.

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