Payment system Payoneer (USA)

Personal, corporate.

The payment system offers users virtual bank account details to receive incoming bank transfers. These accounts are opened in American, European and other banks. At the moment, it is possible to provide details in USD, EUR, GBP, CNY, JPY, CAD and AUD. Details are unique and permanent, with their help you can make payments through interbank systems with minimal fees (for example, for SEPA - a fee of about 1 EUR). At the same time, counterparties will see only the indicated details of the local bank account, not the payment system.

Accounts are open to all jurisdictions except those under US sanctions.

The cost of opening an account for individuals and legal entities - no commission is charged.

None.

 Through a personal online account Payoneer.

Monthly maintenance of accounts of individuals and legal entities - no commission is charged.

Incoming payments:

 - crediting transfers to all accounts except USD - no commission is charged;

- crediting in USD (transfers to a dollar account or eCheck) - 1%;

- crediting a transfer from a bank card - 3% of the amount;

- crediting transfers from other Payoneer accounts - no commission is charged.

Outgoing payments:

- to your bank account (withdrawal of funds) - 3% of the transaction amount;

- to the recipient's bank accounts by bank transfer - 3% of the transaction amount;

- Payments or cash withdrawals from Payoneer cards – 3,5%;

- Payments to other Payoneer accounts - no fee.

Take your business account to the next level with our partner VIP status (available only to customers with a turnover of more than 30,000 USD per month), which opens access to exclusive privileges:

1. Accelerated onboarding, verification and processing of requests thanks to a personal VIP manager who will always be there to help.

2. Reduced commissions:

• fees for incoming ACH payments in USD – 0% (instead of 1%);
• commission for outgoing payments to other banks - 2% (instead of 3%). This fee can be even lower if the income is higher (30-50-100K-1M USD per month).

Permanent discounts on all tariffs from 50% on their cost are applied to VIP accounts.

The procedure of opening the account consists of two stages: the preliminary stage and final stage of opening an account.

The preliminary stage includes the process of collecting and filing your documents which are required for opening an account. The terms of preliminary stage depends wholly on you.

The account is opened within 5 working days from the date of submission of all necessary documents in the payment system.

Payoneer follows KYC policy and reserves the right to require additional documents what may lead to account opening term exceeding, as well as refusing of account opening without reasons explanation.

Working languages: Russian, English.

MasterCard. You can have several cards, both plastic and virtual, on one balance (USD, EUR, CAD, GBP).

Company’s documents – originals of all company’s statutory documents shall be provided. In addition, it is also necessary to provide the details of the bank account of the company or beneficiary, to which transfers from Payoneer can be carried out.

Documents for the account manager:

- identity document;

- a copy of the document confirming the address of residence (an invoice for utility bills not older than 3 months or a bank statement not older than 3 months).

Documents for the company director:

- identity document;

- a copy of the document confirming the address of residence (an invoice for utility bills not older than 3 months or a bank statement not older than 3 months);

- if the director of the company is a legal entity - copies of the charter documents for the legal entity, copies of passports and utility bills for directors and shareholders of this legal entity.

You must visit our office to fill out questionnaires, as well as certification of documents for the company and director. Further, the documents are sent to the payment system and, after approval, an account is opened.

www.payoneer.com