Heads up: This article outlines the legacy payout system. We're rolling out a new system from July 2023. If you have received an email directing you to enrol in our new system, please go to the dedicated Help Center article here.
Payoneer is a payout destination available for Envato Authors. You can use it to receive earnings of $50 and over, via Global Bank Transfer, Payoneer Prepaid Mastercard, or USD Swift. Read on for some common questions about using Payoneer.
How do I set up a Payoneer account?
To access the Payoneer registration page:
- Login to your Envato Market account and hover over your username in the top right corner.
- Select Payouts from the dropdown menu.
- Click on Set account, or Change account if you already have a different payout method set.
- Select Payoneer as the payment method and select Click here to register. You will then be taken to the Payoneer sign up page.
To complete your Payoneer registration:
First, select whether you would like to link your bank account or apply for a Payoneer Prepaid Mastercard. Then follow the prompts to register for your Payoneer account. During the Payoneer sign up process, you will need to provide personal details such as the following so it is recommended to have the information ready:
- Full name
- Email address
- Date of birth
- Full residential address
- Phone number (used for verification purposes)
- Bank account details (if applicable)
Once you have completed the 4-step registration, Payoneer will review your application and send you a confirmation email with further details. You can check the status of your account by logging into your Payoneer account.
It may take a few days for Payoneer to review your application, so make sure you leave enough time for the approval process.
What is a Global Bank Transfer?
This option allows you to receive your earnings directly to your existing local bank account, in your chosen currency. Payoneer offers payments in over 200 countries and more than 150 currencies. Currency conversions take place from USD and cost $1.50 per transfer, plus 2% Foreign Exchange (FX) conversion fee on top of the daily mid-market rate.
Global Bank Transfer is a popular payment method due to our competitive FX rates. Below are examples of the fees that would be applicable from USD to a local currency at different transaction amounts. The final transfer amount will be the equivalent in your local currency.
Use the table below to compare your current fees with Payoneer fees.
*2% above mid-market rate.
** The final amount will be in your local currency via a localized payment.
Available country and currency are provided during the registration process.
What is a USD SWIFT Via Payoneer?
Payments sent via USD SWIFT transfers to your bank account via Payoneer will incur a flat fee of $15.00. Any FX conversion costs thereafter to local currency will be applied by your bank. Please consider the various costs associated with USD SWIFT once local conversion takes place and compare the best option for you via the fee table above.
What is a Payoneer Prepaid Mastercard?
Registering for a Payoneer Prepaid Mastercard allows you to transfer earnings to your card and check your balance and transaction history online.
Once registered, your card will be sent to you in the mail and can be used anywhere a Debit Mastercard is accepted, worldwide or online.
The transfer fee to your Prepaid Mastercard is $1.50.
Please note: Payoneer Prepaid Mastercard is not available for Authors located in Russia. You can learn more about this here.
Can I add my Envato account to my existing Payoneer account?
Yes. To add an Envato account (or an additional Envato account) to an existing Payoneer account, sign in to your Envato account, proceed to your Payouts page and select the Payoneer option.
Hit Click here to register and then follow the prompts under the Already have a Payoneer account? heading.