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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
The information in this article/on this page is intended for marketing and informational purposes only and does not constitute legal, financial, tax, or professional advice in any context. Payoneer and Payoneer Workforce Management are not liable for the accuracy, completeness or reliability of the information provided herein. Any opinions expressed are those of the individual author and may not reflect the views of Payoneer or Payoneer Workforce Management. All representations and warranties regarding the information presented are disclaimed. The information in this article/on this page reflects the details available at the time of publication. For the most up-to-date information, please consult a Payoneer and/or Payoneer Workforce Management representative or account executive.
Availability of cards and other products is subject to customer’s eligibility. Not all products are available in all jurisdictions in the same manner. Nothing herein should be understood as solicitation outside the jurisdiction where Payoneer Inc. or its affiliates is licensed to engage in payment services, unless permitted by applicable laws. Depending on or your eligibility, you may be offered 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®.
Skuad Pte Limited (a Payoneer group company) and its affiliates & subsidiaries provide EoR, AoR, and contractor management services.

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