PAYONEER

Open an account with the PAYONEER payment system (USA)

Cost for the private persons from 0€

Cost for the legal entities from 500€

Opening Term: 3 business days

Remotely: yes

How to open an account with Payoneer?

Payoneer - is an American financial organization that offers account opening for IT companies, freelancers, and startups involved in software development and innovation. In 2023, we opened accounts for charitable organizations and trading companies. Today, it is also possible to open a Payoneer account for agricultural companies. You can open a Payoneer account independently and free of charge.

You can open a personal or corporate account with Payoneer yourself.

When registering an account with Payoneer, you need to complete the following steps:

Follow the link to the official Payoneer website.

The Payoneer page opens in your browser, where you can start the free process of opening a Payoneer account for business.

  1. Fill in the required personal details (date of birth, contact phone number, email, for an individual, or enter the company name, company form, and website, for a legal entity).

  2. The next step is to enter the individual's residential address or the company's business address (Company business address), select the type of activity, and provide information about the countries you plan to work with and the approximate account turnover.

  3. Complete simple identification and upload your passport to the system. We recommend uploading a high-quality photo of the document so the system can recognize it. Answer the secret questions.

  4. Enter your personal account number or the company's corporate account number for verification in the system.

Detailed instructions on how to open a Payoneer account can be found in our article Free Payoneer for Business: How to Register a Business Account Yourself.

Open a Payoneer account yourself. With no commission. Payoneer is a payment system that opens accounts for both individuals and legal entities and provides the full functionality for running your business. Please note that opening a company account with Payoneer requires entering a corporate account number. And if the company does not yet have an account, in that case you need to use the personal account number or the beneficiary's card number and register the account via the special link mentioned above.

If you need help opening a corporate account with Payoneer, the cost of our services starts from EUR 400.

Payoneer began operating in 2005 as the first international payment processing company. Payoneer is a unique partner for receiving payouts from the following platforms: Google, Amazon, Airbnb, Fiverr, Freelancer. Payoneer users receive unique virtual bank account details in the following currencies: USD, EUR, GBP, AUD, CAD, opened at banks corresponding to the countries of these currencies. These details make it possible to receive bank transfers from clients all over the world faster and cheaper than through SWIFT. In addition, Payoneer users can use these details to accept payment by bank card, as well as pay out funds received on Payoneer to subcontractors' Payoneer accounts or bank accounts. A company account with Payoneer can be opened within 3 to 5 business days.

For any questions related to opening a Payoneer account, please contact the specialists at Maira Consult.

PAYONEER advantages

1

Free account maintenance, fees apply only for withdrawal

2

Local details in USD, EUR, GBP, CAD, AUD

3

Remote account opening

4

Account for a company, sole proprietor, or individual

5

Payouts from Amazon, Upwork, Fiverr, Google, Airbnb, Interactive Brokers

General Information

Types of accounts

Personal (for freelancers), for sole proprietors, corporate (LLC, LTD, and other forms). A corporate account requires a registered company with confirmed operations.

Personal visit

No personal visit required, online identification procedure.

Service rates

Opening and maintenance are free. Incoming ACH/SEPA: 0%, card payment: 3%, withdrawal to a bank account: up to 2% (the fee decreases depending on turnover), conversion: 0.5% above the interbank rate.

Useful information

Official website: www.payoneer.com

Stages of account opening

01

Preparation of documents

To open a Payoneer account, you fill out our questionnaire and provide us with full information about your business and counterparties. Along with the questionnaire, you need to submit the company's corporate documents (for a legal entity) and personal identification documents (for an individual and a sole proprietor).

02

Analysis of documents

Our specialists analyze the information and documents provided and create a preliminary client record in the Payoneer system.

03

Submission of documents

We upload the completed set of documents to the Payoneer system for preliminary review and arrange an online call with a Payoneer manager to agree on the terms of cooperation.

04

Passing verification

The director and beneficiary (for a legal entity) or the individual undergo online verification through the Payoneer system.

05

Compliance Check

At this stage, Payoneer checks the client and may request additional information about the business activity and the source of funds. We prepare responses to Payoneer's requests and provide support until a decision is made.

06

Account opening

After the account is opened, the Payoneer manager sends the account details.

Answers to the Most Common Questions:

Yes, Payoneer opens accounts for Ukrainian sole proprietors. You need a passport, a tax ID, an extract from the Unified State Register, and a foreign currency account at a Ukrainian bank. If the sole proprietor has several activity codes, an unusual line of business, or has already been refused once, Maira Consult prepares the questionnaire and documents and supports the registration through to account opening.
The company submits its registration documents, details of the director and beneficiaries, a description of its activities, and proof of business operations. Payoneer checks the company's structure and the source of funds. Maira Consult prepares the document package, submits the application, and responds to compliance requests through to account opening.
Payoneer does not charge a fee for registration or maintenance. The annual fee of 29.95 USD applies only if you receive less than 2,000 USD per year. Maira Consult's support for opening a corporate account for a company or sole proprietor costs from 500 EUR turnkey, including work with compliance.
A sole proprietor's or individual's account is activated within 1 to 3 business days. A corporate account is opened within 3 to 5 business days after submitting the complete set of documents. If compliance raises additional requests, the process can take up to 2 weeks. We prepare an expanded set of documents in advance to shorten the review period.
Receiving SEPA and GBP transfers is free, ACH in USD costs 1%, and card payment costs up to 3.99%. Withdrawing USD, EUR, or GBP to an account in the same currency costs 1.50 USD per transaction, and with conversion, up to 3%. We help set up your scheme for receiving and withdrawing funds in a way that minimizes fees.
Payoneer does not work with residents and companies from Russia, Belarus, Iran, Syria, North Korea, Cuba, and the occupied territories, and it also checks the citizenship of beneficiaries. If your jurisdiction is not suitable, Maira Consult can register a company in the USA, the United Kingdom, or the EU and open an account for it.
Payoneer does not service gambling, forex, cryptocurrency, adult content, MLM, weapons, tobacco, or financial services without the appropriate license. If your business activity falls under these restrictions, we select a payment system with the appropriate license, such as Wise, Airwallex, 3S Money, or Nebeus, and open an account there.
Payoneer does not disclose the reason for a refusal. The most common causes are discrepancies in data, an incomplete set of documents, or an insufficiently clear description of the business activity. Reapplying without fixing the shortcomings can lead to another refusal. Maira Consult analyzes the situation, prepares a corrected set of documents, and resubmits the application through a partner channel.
A block is usually related to a change in the nature of transactions, a scheduled KYC check, or payments from unusual counterparties. Payoneer requests documents and explanations. We prepare the response for compliance, handle the correspondence, and, if necessary, open a backup account with another payment system.
An individual and a sole proprietor need a passport, a tax ID, proof of address, and an extract from the Unified State Register. For a company: registration documents, beneficiary details, and proof of address and business activity. All documents are submitted online, without an apostille. Maira Consult checks the documents and assembles the package before submission.
Payoneer provides local details in USD, EUR, GBP, CAD, AUD, and on request, also in JPY, CNH, HKD, and other currencies. Clients can make payments to local details without SWIFT fees. We help open the account and activate the currency details you need based on where your counterparties are located.

Our Contacts

Phone

+380 97 527-66-30

Client Relations Department

+380 73 427-66-30

Email

[email protected]

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Legal information

MAIRA LLC

EDRPOU code: 38202700

Jurisdiction: Ukraine

Working hours

Monday – Friday: 09:00 – 18:00

Saturday – Sunday: closed

We respond to inquiries within 15–30 minutes during working hours

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International Law Company Maira Consult