Not long ago, i talked about linking your payoneer bank with your PayPal account and after then i have been receiving so many queries bidding me to write about how to withdraw from payoneer in nigeria since it’s necessary to get your funds out after accumulation.
We aren’t writing this article for the help of those who linked payoneer to PayPal alone but to other affiliate markers and freelancers who equally accumulated some payoneer funds looking forward to get them in real cash.
In this article i will be sharing a video guide with you regarding how to withdraw from payoneer in nigeria but before then you need to learn some factors to consider.(terms and Conditions)
Withdrawing from payoneer to your local bank in Nigeria
Some folks keep complaining: I can’t see the withdrawal button, I can see option to send out payoneer funds and lot’s more forgetting the rules and regulations guiding payoneer users. let’s see the essential ones.
You need to Reach 50-200$
As soon as you create your payoneer account and it get approved, you can neither send out funds nor withdraw since you have Zero balance.
And even when you manage to received some funds, you can’t still get the transfer button unless you reach 50-200$ or above sent from some affiliate companies. In that case you will make sure you have at least 50- 200$ before you will be able to transfer from one payoneer account to another. Anything less than that won’t work as you won’t see the sending button in your payoneer dashboard.
It might also please you to Keep that while some people are able to send out $200 as minimum, others are able to send as low as $50 as their minimum which means it varies from one country to another (or the 200 is just old setup which is probably still affecting some old accounts).
You Need 50-1000$
I said 50 to 1000 because some people are able to withdraw 50$ while some cannot withdraw to local bank unless they reach $1k
Another reason why so many payoneer users are unable to transfer to their local bank as because they haven’t reached the payoneer transfer threshold.
Just as you’re searching how to withdraw from payoneer in Nigeria, you should also know that without reaching 50 to 1000Dollars you cannot transfer from payoneer to your local nigeria bank account.
If your earning is slow that you won’t reach that amount easily then you should be thinking of how to sell your payoneer funds and not withdrawing. You can transfer anything Between 50 to 900$. Depending on the status of your payoneer account.
Though payoneer specified 50$ But some persons still have higher limits that’s why i stated above that “Maybe the higher limits are fixed in old accounts based on old terms” however, You can check yours and also contact payoneer to see what they can do about it.
Charges are applied
Wither you transfer to your local bank or you withdraw with payoneer card via ATM machines, you will always be charged for such transactions.
One question that will always come your mind when you’re ready to receive money from payoneer to Nigeria bank is “What are the transaction charges?” How much will your Bank and payoneer charge you.
I have a good article online which talked about payoneer charges here you can read and learn how much payoneer do charge for every successful transaction.
When you have Payoneer Card:
When you have Payoneer Card you can use it to withdraw any amount using Nigeria ATM machines. There’s no limit to the amount you need to carry out this transaction as far as you have money in your payoneer account.
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Though it has been confirmed that this payoneer card don’t work on all Banks ATM machines so when you got your Card you gat to try some banks around you to see which one works for you. To request Card from new payoneer accounts you may need to reach at least $30 in your balance as payoneer do charge for card provision unless you’re a regular customer they can now give you free shipping without cost.
Note: Payoneer Charges and Bank Charges are always applied in every ATM withdraw you make.
Having learnt the above, let me share with you the video on how to withdraw from payoneer in nigeria
Best bank to withdraw payoneer in nigeria
There’s no special bank made for payoneer withdrawal in Nigeria, There’s best bank to withdraw payoneer in Nigeria.
Wither you are using Savings or Current account from any Nigeria bank, you will be able to withdraw…
Am not sure if conversion rates varies from one bank to another so i won’t talk about that.
How to withdraw from payoneer in Nigeria
This is an official video by payoneer showing the step by step guide on how to get your money from payoneer to your local bank account anywhere around the globe.
Have you watched the above video but still have some questions in kind regarding how to withdraw from payoneer in Nigeria? You can use the below comment box to ask your questions. Also remember to Subscribe for our next update.
Loading:…. how payoneer works in nigeria
All you need to do is try withdraw or send out and let payoneer tell you the minimum you need to transact. It will show up in your account
In my next article about payoneer, i will be explaining in details how payoneer works in Nigeria in favour of those who knows nothing about payoneer and their services.
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