Are you a freelancer, online seller or business person in Nepal? Do you want an easy way to receive payments from abroad and access money? Then create a Payoneer account and get their Mastercard.
Payoneer lets people in Nepal receive payments from other countries easily. Since PayPal does not work here, Payoneer is the best option.
Reasons to open a Payoneer account:
- 1. You get a US bank account to easily receive international payments
- 2. They will deliver a free Mastercard to your home
- 3. You can transfer money from Payoneer to your card and withdraw cash from local ATMs
- 4. Many sites like Upwork, Rakuten etc can send you payments to Payoneer
- 5. Sending money from one Payoneer account to another is free
Fees you need to pay:
- 1. $29.95 per year to maintain an account and renew the card
- 2. $12.95 to get a new card if the old one is lost, stolen or expired
- 3. $3.15 fee when you withdraw cash from ATMs
- 4. $1 for each ATM balance inquiry
- 5. No fees for shopping online or in stores with a card
I hope this simplified overview helps explain the benefits of using Payoneer in Nepal. Let me know if you need any clarification!
How to Create a Payoneer Account in Nepal and Get a Mastercard?
There is a very easy and simple way to create a Payoneer account in Nepal and get a Mastercard. You need to create a Payoneer account before you can get a Payoneer MasterCard in Nepal. It is a very simple task as you can create a Payoneer account from their website. To do so, follow the steps given below:
- Open the Payoneer website and tap on ‘Register’.
- Choose the option that suits you the best.
- Select the most suitable option for you.
- Click on ‘Register’ to continue.
- Select the business type, enter the required information, and click on ‘Next’.
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- Enter all the information and click on ‘Send Code’ to receive the verification code on your phone.
- Type the OTP code and tap on ‘Next’.
- Enter all the required information and click on ‘Next’.
- Type your bank details, agree to terms and conditions, pricing, and fees, and tap on ‘SUBMIT’.
After you click on Submit, the verification process will take place. Then to get Payoneer Mastercard in Nepal, log into your account and go to the ‘Payoneer Cards’ section. To order a new card, just click on the ‘Order a new card’ button and fill in your shipping address. Once you’ve submitted the form, your card will be on its way.
Once you receive your Payoneer Mastercard, you’ll need to activate it before using it. To do this, log in to your Payoneer account and go to the ‘Cards’ section. There, you’ll see the option to activate your card. Just click on that button and follow the instructions. Once your card is activated, you can start using it right away.
Things to Remember While Creating Payoneer Account
- When you are receiving money from abroad, Payoneer will convert that money into your home currency.
- You can transfer up to $1000 from one Payoneer account to another free of charge. The minimum amount of transaction is $20.
- There is no limitation to receiving money from US payment service providers.
- You can perform a maximum of 10 transactions while you will be able to withdraw $5000 per day.
- You will be able to withdraw the money from your Payoneer account after you have at least $1000 in the account.
Conclusion
Creating a Payoneer account in Nepal and getting a Mastercard is a game-changer for anyone engaged in international transactions. Setting up your Payoneer account and getting your Mastercard is a straightforward process that opens doors to global financial opportunities. Do comment down below if you have any queries or confusion regarding the topic.
Frequently Asked Questions (FAQs)
Can I use Payoneer without MasterCard?
You can receive money in your Payoneer account even if you don’t have a Mastercard. You only need the Mastercard if you want to use it to withdraw cash from ATMs.
How Long Does It Take to Get Mastercard from Payoneer?
It takes around 15 to 20 days to receive the Mastercard after you have signed up and your application is approved.
Why am I Not Able to Get a Mastercard from Payoneer?
If you have not received the option to order the Mastercard, it might be because you have not received payments of at least 100.00 USD to your account in 6 months.
How To Open Payoneer?
Here is a rewritten version using easy common words:
It is very simple to open a Payoneer account in Nepal and receive a Mastercard.
First, you need to sign up for a Payoneer account on their website. Then only you can get the Payoneer card sent to Nepal.
Here are the steps to open the account:
- Go to www.payoneer.com
- Click on “Register Now”. Then select the “Freelancer/Professional” option.
- Enter your basic personal details like name, email, phone number, etc.
- Verify your email address by clicking on the link sent to your email.
- Complete profile details like address, date of birth, language known, etc.
- Upload ID proof like a citizenship card and a selfie photo.
- Fill out bank account details to withdraw funds later.
- Accept their terms and conditions to finish signup.
Once your Payoneer account is approved, they will mail your Mastercard for free to your Nepali address within 2 weeks.
You can then use this card to withdraw funds from the Payoneer account at ATMs or for shopping.
I hope this step-by-step guide using simple words makes the process of getting a Payoneer account and card very clear. Let me know if you need any help!
