Founded in 2005, Payoneer is a leading global payout company accelerating growth for its customers by improving the way they pay partners, affiliates and independent workers in more than 200 countries. Payoneer’s complete solution includes: prepaid debit cards, global bank transfers, mobile payments, and local e-wallets.
Genero pays creators using the Payoneer. Payoneer is free to join, and you can sign up with a Global Bank Transfer (GBT) account (receive payments directly into your personal bank account) or a prepaid Credit Card account (Payoneer will send you a prepaid Credit Card and you can accept your payment as prepaid credit).
Payoneer charges a small transfer fee for you to receive payments (usually no more than a couple of dollars) but these fees vary depending on your location, so please ensure you check your fee details during sign up.
Find out more about how payments work on Genero here.
What is the Payoneer Global Bank Transfer service (GBT) and how does it work?
The GBT service allows users to receive payments directly to their local bank account in more than 200 countries and over 50 currencies:
- Withdraw funds from your (partner) account directly to your local bank account
- Localized in over 80 countries – payments sent from a local bank in your country, in your local currency
- Easy to use – one time setup of account details
- No maintenance fees
Can I select the currency for my GBT payment?
Yes, the GBT service supports over 50 currencies. You will be able to choose your currency during the one-time registration process. Foreign exchange conversion rates are determined at the time of transfer, using rates of up to 3% above the official mid-market rates.
For a list of available countries and currencies, click here.
What is the Payoneer card?
Payoneer provides a Prepaid Debit MasterCard® card which can be used to make purchases online, in stores, and at ATMs. Like any other MasterCard® card it can be used worldwide where ever MasterCard® is accepted.
What benefits does the Payoneer card offer you?
The card will be connected directly to your (partner) account so that your affiliate payments can be sent directly to the card. The other main benefits of the card include:
- The account does not require a bank account
- Is an extremely flexible and easy to use payment method
- Direct payments from (partner) to the card also help to avoid the high costs and delays associated with traditional payment methods such as wire transfers.