How to manage currencies to simplify your global payments

How to manage currencies to simplify your global payments


Meet Li. Li is an Amazon seller with online stores
on Amazon UK and Amazon Germany. Li is about to pay one of his suppliers using
Payoneer’s free Make a Payment service. However, this supplier only accepts payments
in US dollars, and Li doesn’t have enough funds in his USD balance. Luckily, Li knows that he can use Manage Currencies
to transfer funds from his British pound balance to his US dollar balance. At a cost of only 0.5% of the transfer amount
, Li can’t think of a faster, easier, and more economical way to get the currency he
needs to pay his supplier. Let’s see how Li does it. After signing in to Payoneer and opening the
Manage Currencies page, Li selects his GBP balance to transfer from and his USD balance
to transfer to. He knows he needs at least one thousand US
dollars in his US dollar balance to be able to cover the payment to his supplier, so he
selects Amount to receive and enters 600 dollars. He clicks Get Rate and sees the amount of
British pounds to transfer, the current mid-market rate to be used for the conversion, and the
amount that is deducted for the fee. After reviewing the details, Li clicks SUBMIT
to make the transfer. He’s notified that the funds will be transferred
within a few minutes. He’ll soon have enough money in his USD
balance to pay his supplier. Li has one more order of business today — to
make a VAT payment to the German tax authority using Payoneer’s Pay Your VAT service, which
lets him pay his VAT for free. But Li doesn’t have enough Euros to cover
his payment. So he quickly transfers another 500 British
pounds — this time to his EUR balance. Now, he’ll have enough Euros to make his
VAT payment. That’s it! Li can call it a day, knowing that Payoneer
is committed to helping him run his international business. For additional assistance, or if you have
any questions, click Help on our homepage — payoneer.com — to visit our Support
Center.

4 thoughts on “How to manage currencies to simplify your global payments

  1. Hello i need to close my account but i forgetten my date of birth i think i put the wrong date how can i know my date of birth without change the date

  2. Hello, can the funds that have been withdrawn to the bank be returned to the Payoneer account?
    The problem is that I entered my account number incorrectly.
    I request the details of the withdrawal transaction which date is 09-09-2018 which account will be sent?
    Please reply

  3. THE PAYONEER SERVICE IS A LIE, YOU ARE SAYING YOU MUST RECEIVE MANY PAYMENTS TO BE ABLE TO MAKE PAYMENTS TO OTHER USERS. I RECEIVED A PAYMENT FOR A SERVICE AND I CAN NOT PAY A PROVIDER WITH MY ACCOUNT. I HAVE TWO WEEKS LOST AND THE CLIENT NO LONGER WANTS THE SERVICE. NOW LOSE THE DOUBLE MONEY BACK TO THE CLIENT AND WHAT HAS PAYONEER IN MY ACCOUNT.

  4. hi dear

    in Activity > Manage Currencies. The Manage Currencies page opens.

    i find it but!! there is a blank and i can't select anything

    and it say contact us!!!!!!!!!

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