How to Use Payoneer for Invoicing: Everything You Need to Know

What is Payoneer all about?

Payoneer is a payment platform that helps individuals and businesses send and receive payments internationally. It features an invoicing system that allows users to create and send invoices directly, making the payment process easier. For businesses and freelancers alike, it's a tool that can simplify international transactions.

How do you set up Payoneer for invoicing?

You can easily set up a Payoneer account. Just sign up, provide necessary details, and wait for verification. This initial step is crucial as it sets the stage for receiving payments.

What does the Payoneer invoicing process involve?

To send an invoice via Payoneer, you first log into your account. Navigate to "Get Paid", then select "Request a Payment." You’ll have to choose or add the client you’re invoicing. Provide payment details, and attach an invoice. This could be a PDF from Payoneer's Free Invoice Builder or a document you've created.

What payment methods does Payoneer support?

The platform supports various payment methods, including credit cards, ACH bank debit (for U.S. clients), local bank transfers, or payments via Payoneer accounts. While the fees can vary, they usually include a standard credit card fee of 3%, which is common across many platforms.

How does Payoneer ensure security?

Payoneer takes security seriously. The platform uses strong encryption and complies with several global regulations to protect transactions.

What are the hidden costs of using Payoneer?

There can be hidden costs, such as an annual fee if you don't breach a certain payment threshold or transaction fees based on the methods used.

How does Payoneer compare to other platforms?

Compared to platforms like NOWPayments or Stripe, Payoneer's fees may be higher.

What tips should I follow?

Always include detailed pricing and payment terms in your invoice. Don't forget to monitor payments and follow up if needed.