Home Technology PAYONEER; How to withdraw monies made online in Nigeria

PAYONEER; How to withdraw monies made online in Nigeria

by Gerald Umeh

payoneerAs a young man , zealous about making money on the internet, one of the greatest challenges I had was converting the money that is earned online to Raw cash hence it is not surprising that I get that question a lot.
Working online can be very frustrating when you have made all the money online, you see your credit balance but somehow you cannot convert the money to raw cash in your hand. It is tantamount to wasting your time and believe me, nobody wastes their time if the money can’t get to them and that is why a lot of persons keep giving up on this online money making stunt, but I got good news for you, there is a number of systems that you can use to get your money like Moneybookers, Paypal, Direct Deposit, Wire Transfer and so on but in a country like our beloved country Nigeria, all these systems can be very frustrating which is why I will be introducing you to the best option PAYONEER.

The Payment industry has clearly been technologically driven – from within and without and we all agree that these feat would certainly not be a possibility without the formidable computing and networking achievements in the past 30 years. This reminds me of the story of the Chicken and the egg, and one can reasonably argue that they both came at the same time, or at least they travelled together. We are witnessing an inevitable transition from a paper-based economy to a global electronic payments economy. This revolution is simply great, and a host of alternative payments providers are taking advantage of this and payoneer is in the league of these extraordinary gentlemen.

Payoneer was founded by Yuval Tal after he saw an increasing trend towards globalized outsourcing in the Information Technology industry. In particular, he saw that many companies were outsourcing small jobs to freelancers and Online Hustlers like me and you. Basically, Payoneer was created to solve the question of the difficulty we face in cashing out our earnings on the internet. Sending checks, for instance, took a long time — and an even a lot longer time to clear. Cash was definitely out of the question, and wire transfers were very expensive and then comes the question of trust. Payoneer is a system that caters to this marketplace and “payout processing” was born. Online Huslers could now be get their monies quickly in their local currency through local ATMs. Freelance staffing companies like Fiverr, Elance, oDesk and others now use Payoneer to make payments to workers worldwide.

Basically, you sign up on payoneer and they send you an ATM card in Nigeria plus a virtual United States of America virtual bank account and yes, it is completely free. Move your earnings on fiverr to this bank account and you can withdraw your money from any ATM anywhere in the world and this includes Nigeria.

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Ajayi Adebayo September 5, 2016 - 7:23 am

Nice one brother making more sense.

Ukeme Etim September 5, 2016 - 11:06 am

Here comes the relief. Nice one

Elvis September 8, 2016 - 11:10 am

This is very informative.
Thanks man.
I had just tried signing up with PAYONEER minutes ago, but couldn’t find Nigeria as an option in the list that I was asked to select my country from.

Gerald Umeh September 8, 2016 - 10:46 pm

Dear Elvis,
i just looked up your IP and it is a US IP, kindly try another device, maybe your IP is being masked by a software

Adaeze R Nwosu September 9, 2016 - 3:00 am

Can’t wait to get started.

Unegbu Nzube September 11, 2016 - 9:32 am

Thanks a lot Gerald for making this known to me…..I’m grateful…I’m signing up immediately.

fredo September 11, 2016 - 1:21 pm

thanks bro more grease to ur elbow. Unselfish effort thumbsup

Gerald Umeh September 12, 2016 - 10:12 pm

Encouragement from people like you motivate us to do more. Thank you

isaac September 12, 2016 - 6:52 pm

Yea that is what we have been waiting for thanks Bro I have sign up already

Gerald Umeh September 12, 2016 - 10:11 pm

I am glad i could provide valuable info. Thanks

Johnson Victoria August 30, 2019 - 10:40 am


Gerald Umeh August 30, 2019 - 11:28 am

What bank do you use?

Johnson Victoria August 30, 2019 - 10:42 am

Hello online hustle. please how do i get the bic of the bank. it was one of the requirements in the field

Gerald Umeh August 30, 2019 - 11:26 am

Which bank is this?


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