Bookshelf | Reports | Community | KDP Select

Home » Amazon KDP Support » Publisher Support » Payment Issues

Thread: How to Correctly Set up EFT payment with Payoneer


Reply to this Thread Reply to this Thread Search Forum Search Forum Back to Thread List Back to Thread List

Permlink Replies: 18 - Pages: 2 [ 1 2 | Next ] - Last Post: Nov 1, 2017 2:24 AM Last Post By: Jowhari Threads: [ Previous | Next ]
usbankcard

Posts: 73
Registered: 07/15/11
How to Correctly Set up EFT payment with Payoneer
Posted: Jan 24, 2017 1:40 AM
Click to report abuse...   Click to reply to this thread Reply
This post is not really a question but rather a How-to sort of. I read so many post here about people confused with the Payoneer card which is a great card for people outside of the countries where Amazon makes Direct payments.

I will take my case as a point for illustration. I live in Ghana. When I signed up with Amazon, my country was not even listed in the banking section, so I could not add my bank details. The only option was for me to get a US bank account which Payoneer offered me. Once I got that and entered the info into Amazon, the whole issue was sorted out. Every month I have been getting my royalty from Amazon and cashing out via MasterCard ATMs here in Ghana.

So let me explain how the Payonner acct works.

First you apply for the account. When approved, Payoneer will send you a MasterCard plastic card for use online and at ATMs.

Having been approved by Payoneer, you have to let them know that you wish to be receiving money via Amazon and other companies in the US, so you need to be approved for their US Payment Service. You will need to complete a short questionnaire which will be in the link to apply for the US service as found in your payoneer online acct platform. Along with the questionnaire, you are to submit a govt issued ID copy via email.

The support of Payoneer will go through your questionnaire and approve you for the US payment service. This takes 24-48 hours during weekdays only. They don't work on Weekends.

Once approved for the US payment service, you will get a unique US BANK account info solely for the purpose of receiving payments from the US companies including Amazon. This is not a full fledged bank account but it is enough for what we want. It is more of a payment collection account and you can only be paid by companies in the US and not individuals. This is to avoid fraud or money laundry.

Having obtained this info, just log into your KDP account, under payment section. Select USA as your bank country, then enter your US bank Name, Routing and Account numbers. The acct type is CHECKING. Then submit by hitting the submit button. Amazon will accept this and that is it.

when next you are due for royalty payment (usually 60 days after sales), Amazon will send whatever amount you have to your US bank acct. This will appear in your payoneer acct and you can withdraw the cash via ATM or use card for online payment. This is how to correctly use the card. You will be paid to this acct so far you have just $10 as royalty and it is almost free to receive this at payoneer. the charge is just 1% and that is why i say it is almost free. But you pay ATM fee when you cash out via ATM.

One important thing which many people do not know. Payoneer does not just help with a US bank acct. they can offer you collection bank accounts in the Following additional countries namely: UK, Euro, China and Japan.

One card can only be linked to one bank account. So if you have a card linked to a US bank acct, you will need another card to be linked to a collection UK bank account. So Payoneer will issue you extra card if you want this. For me I only use payoneeer for US accounts collections and so far it has been great. Payoneer has a great support team.

In case there is any problem with your payoneer account or card, you can contact them via email, live chat or telephone. They always respond positively but this is only during week days.

I wrote a free guide which i share with my Subscribers on how to correctly apply for a Payoneer account. I am so happy to share this with anyone here who may want to sign up for a Payoneer account either now or in future. My guide is 100% free and can be downloaded by just clicking on the link below. No sign up or email required. Just a direct download.. See link below: Right-hand click, select save as and save to your PC.

How to Set Up an Easy US Bank Account as a Non Resident.

Hope this helps. .

Edited by: usbankcard on Jan 24, 2017 1:46 AM

Edited by: usbankcard on Jan 24, 2017 1:47 AM
Emmanuel

Posts: 1
Registered: 03/04/17
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Mar 4, 2017 7:30 AM   in response to: usbankcard in response to: usbankcard
Click to report abuse...   Click to reply to this thread Reply
So, if I choose the option "CHECKING", that will set it up for me to be paid in EFT?

Sorry, I'm new to this and I have been searching a lot for a clear answer, but failed to find it.
usbankcard

Posts: 73
Registered: 07/15/11
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Mar 4, 2017 11:57 PM   in response to: Emmanuel in response to: Emmanuel
Click to report abuse...   Click to reply to this thread Reply
Yes the Payoneer bank account is a checking account. So select Checking and submit.

Edited by: usbankcard on Mar 4, 2017 11:57 PM
Bishoy Boshra

Posts: 1
Registered: 03/03/17
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Mar 6, 2017 7:28 AM   in response to: usbankcard in response to: usbankcard
Click to report abuse...   Click to reply to this thread Reply
Hello,
Thank you so much for your detailed instruction,
I have an issue with small amount of royalties, after deducting the 1% fee a get nothing in my Payoneer account.
What to do to solve this issue? Is there any method to group royalties together?
Look forward to hearing from you
usbankcard

Posts: 73
Registered: 07/15/11
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Mar 7, 2017 1:33 AM   in response to: Bishoy Boshra in response to: Bishoy Boshra
Click to report abuse...   Click to reply to this thread Reply
The way you will solve this problem is to publish more ebooks so that your sales / royalties will increase.
neisha.asher@ya...

Posts: 4
Registered: 04/23/16
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Mar 13, 2017 3:06 PM   in response to: usbankcard in response to: usbankcard
Click to report abuse...   Click to reply to this thread Reply
I am trying to set up mines and they won't add it. I live in Jamaica and I don't know what to do, it's frustrating.
Kegesa Danvas

Posts: 1
Registered: 03/02/17
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Mar 15, 2017 1:09 AM   in response to: usbankcard in response to: usbankcard
Click to report abuse...   Click to reply to this thread Reply
Thank you so much. I found this information so helpful
usbankcard

Posts: 73
Registered: 07/15/11
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Mar 23, 2017 1:14 AM   in response to: neisha.asher@ya... in response to: neisha.asher@ya...
Click to report abuse...   Click to reply to this thread Reply
@neisha.asher I don't know exactly what you are doing wrong that made them not accept your info. I want you to follow correctly the info on the free guide I gave out on this thread. The link is at above. Didi you download it? If not make sure you do and follow the instruction there carefully. If any other problem you can post it here and be specific about the exact problem that you have. I will respond here for the benefit of everyone on this forum.

Thanks.
usbankcard

Posts: 73
Registered: 07/15/11
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Mar 23, 2017 1:18 AM   in response to: Kegesa Danvas in response to: Kegesa Danvas
Click to report abuse...   Click to reply to this thread Reply
Kegesa Danvas wrote:
Thank you so much. I found this information so helpful

@ Kegesa Danvas

Thanks, you just made my day. It is this that makes me feel the time I spent creating this thread was not in vain; it helped someone here.

Cheers.
Joachim Sebastian

Posts: 3
Registered: 04/18/17
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Apr 18, 2017 7:40 AM   in response to: usbankcard in response to: usbankcard
Click to report abuse...   Click to reply to this thread Reply
I saw this thread and hope I can help point you in the right direction.
I have been an Amazon seller for the last few years and have a lot of experience with using Payoneer services to receive my payments.
Adding to what usbankcard said, Payoneer’s customer care team are the best point of contact to help when it comes to finding out specifically about how they can help support your receiving of payments to specific countries.
It is different for every seller, especially when it comes to where you are located and how you want to be paid.
Hope this helps
neisha.asher@ya...

Posts: 4
Registered: 04/23/16
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Apr 30, 2017 9:43 PM   in response to: usbankcard in response to: usbankcard
Click to report abuse...   Click to reply to this thread Reply
Thanks I got through, had to change my address (US address) before it was added. I still don't get why we have to wait 60 days same way though.
Michael

Posts: 4
Registered: 07/14/16
Re: How to Correctly Set up EFT payment with Payoneer
Posted: May 1, 2017 6:02 PM   in response to: usbankcard in response to: usbankcard
Click to report abuse...   Click to reply to this thread Reply
Thanks for this tread. So helpful. I will also want to add here that Payoneer DO deduct annual fees about 30 dollars. They are great really.
Nkunimdini

Posts: 1
Registered: 06/12/17
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Jun 12, 2017 6:18 AM   in response to: usbankcard in response to: usbankcard
Click to report abuse...   Click to reply to this thread Reply
Thank you for this info. Very helpful. One question:

Can the Payoneer account be also used as collection account for say, crowdfunding platforms such as gofundme.org which requires account in the US or UK? Am in Ghana.
usbankcard

Posts: 73
Registered: 07/15/11
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Aug 23, 2017 3:21 AM   in response to: Nkunimdini in response to: Nkunimdini
Click to report abuse...   Click to reply to this thread Reply
@Nkunimdini Sorry for this late response. I have been away from here for sometime.

Yes you can be paid by any company which pays to a US bank account. Please note that you can not be paid by an individual (payoneer will return the payment). They accept payments from only companies. Just bear this in mind.
Sankua

Posts: 3
Registered: 05/26/17
Re: How to Correctly Set up EFT payment with Payoneer
Posted: Aug 27, 2017 2:58 AM   in response to: usbankcard in response to: usbankcard
Click to report abuse...   Click to reply to this thread Reply
Legend
Helpful Answer
Correct Answer

Point your RSS reader here for a feed of the latest messages in all forums