Please write a letter to your bank, requesting a Proceeds Realisation Certificate(PRC) for the transaction mentioned. The bank will check with the counter bank and confirm was indeed an incoming foreign exchange transaction and paid out from the local pre-funded account. The PRC will suffice for tax purposes to treat this as a remittance (if the […]
Yes, you can. Within Payoneer, there is a system to make payment to any other Payoneer user. You have to know the email address of the Payoneer user – the one to which their account is tied into. Simply ask the other party to go to the “Pay” option and select “Make a Payment” option […]
I can receive money direct to my bank account from my international clients. Why should I use Payoneer?
Use cases differ from person to person. In many cases, Payoneer users are from abroad, outside the EU/UK and outside US/Canada. Making payment to an account in Pakistan or Bangladesh to the Philippines is not always easily understood. It is also not cheap either. Payoneer allows businesses to make local payments that they are already used to. […]
Can I verify my second PayPal account with Payoneer US bank account info? I have verified my first PayPal account with my Payoneer US bank account info.
At present, PayPal is not recognizing virtual accounts that Payoneer offers. As they are more or less pseudo bank accounts (virtual bank accounts) than real bank accounts. You might have gotten lucky the first time around.
You can receive money from another Payoneer account holder, that would be an individual. That is the only known way at present, to load a Payoneer account with money from an individual. Otherwise, Payoneer does not allow external P2P (person-to-person) loads.
What payment solution/gateway is recommended besides Paypal? Is Xoom working in Pakistan? I need to receive funds from the US.
Xoom works in Pakistan, but the sender has to set up an account on Xoom and use it. If the payment is originating from a US Business account, then the best method is to ask them to do an ACH to your account, (if you subscribe to Payoneer‘s US Payment Service). In this manner, you […]