In this guide, I will show you how to open a Payoneer account in Nigeria and also how to get your Payoneer Mastercard free in Nigeria.

If the above objective is your desire, then this step-by-step guide will be a valuable piece for you.

If you are reading this article, chances are that you are either already making money online in Nigeria or you receive money regularly from your foreign business associates or friends.

Online opportunities for making money keeps increasing every day, the same way more and more Nigerians are getting involved in one form of business or the other online.


Regrettably, most of these online money making platforms tend to have a disdain for Nigerians and or their preferred method of payments are not quite favorable for Nigerians.

PayPal, which is arguably the most popular online payment method today does not accept Nigerians.

But all that changed with the advent of PAYONEER online payment system which has become a close alternative to PayPal and Checks as a means of receiving your earnings from online jobs here in Nigeria.

It is against this background that this article seeks to introduce you to the Payoneer payment system, how you can use Payoneer to receive funds globally from Nigeria, and how you can cash out your money with Payoneer Mastercard in any Nigerian ATM machine.

What Is Payoneer?

payoneer nigeria an introduction is an online payment solution company that offers a wide range of financial services to its customers in all the continents of the world.

Unlike PayPal that does not accept certain countries like Nigeria, Payoneer accepts every country including Nigeria.

Unlike PayPal, Payoneer issues you a Virtual US Bank Account number alongside a Mastercard that you can use to make withdrawals from any ATM anywhere in the world.

Hence, the Payoneer account can be used by Nigerians to receive their earnings from several online job platforms directly without any troubles!

Be it,,, Clickbank, markethealth, infolinks; just mention it- you can receive your earnings directly and make withdrawals at most ATM’s here in Nigeria with your Payoneer Mastercard.

With this however, we can easily say the Payoneer is the best PayPal alternative in Nigeria 2020.

Also Read: Best PayPal alternatives for Nigerians in 2020

How To Create A Payoneer Account In Nigeria In Easy Steps

Before showing you how to request for and get a free Payoneer Mastercard here in Nigeria, its pertinent that i first show you how to create a free Payoneer account.

Just like we said earlier, having a Payoneer account as a Nigerian entrepreneur or a webmaster is indispensable given the fact that Nigerians are not permitted to use PayPal in cashing out money abroad.

As the closest alternative to PayPal, signing up for a Payoneer account is quite easy and free as well.

To create a Payoneer account free in Nigeria, simply visit the official Payoneer site here and click on SignUp in the top right corner of the homepage.

pics of Payoneer signup page for beginners

On the Payoneer signup page, you will be given the option to input your data like the type of ID card that you have, your shipping address, official names (on your ID card), home address, email address and other personal information about yourself.

After this, create a highly personal Password that only you can guess and click on the signup button to sign up for a free Payoneer account.

Once the application process is complete, it doesn’t get instant approval, so you should wait for like 3 working days or more.

Once your account is approved, you should get an email from Payoneer notifying you that your Payoneer account has been successfully created.

This email comes with your Payoneer login details and a link to sign in to your Payoneer Nigeria account fast.

How To Get A Payoneer Mastercard Free In Nigeria

steps to get a payoneer mastercard free in nigeria

Hey, I know that you really want to quickly order for your Payoneer MasterCard. I know also that Payoneer MasterCard is free for all Nigerians and the rest of the world.

However, before you proceed to order for one, you must have funded your Payoneer account or received a minimum of $30 into your account.

Note that the $30 will not be torched by the company. It’s only a sign that you are ready for business.

Once you have $30 in your Payoneer account, then you are good to start the application process for your MasterCard.

To order for Payoneer MasterCard free in Nigeria, simply sign into your Payoneer account.

On the homepage, locate and click on Settings. On the Settings page, click on MasterCard, and finally click on the Order Button.

A confirmation message will appear notifying you whether your application has been successfully accepted or not.

Once your application is accepted, you will receive a mail within 3-5 working days notifying you that your card has been shipped.

If your card is shipped, it will be delivered to you here in Nigeria at the address you chose while applying for the card.

It could take some times to be delivered to the nearest NIPOST office (post office) to you.

Payoneer MasterCard takes about 25-30 days to be delivered to you here in Nigeria. But if you fail to receive your card within this time frame, visit the nearest post office to check for it.

All things being equal, your Payoneer Mastercard should be delivered to you within that time frame (provided your address is clear and traceable) without any wahala. And the good news is, Payoneer exchange rate in Nigeria is quite friendly.

So you see, Payoneer MasterCard order is easy and direct, and above all it’s completely free with no shipping charges.

So after receiving your card, the next thing is to activate it following the instructions enumerated in the package that accompanied the card.

How To Link US Virtual Bank Account To Payoneer MasterCard

I believe before getting to this point, you must have activated your Payoneer Mastercard. If your answer is in the affirmative, you are good to go!


To get and link your US bank account to your Payoneer Mastercard, you will have to log on to and sign in to your account. (I believe you have forgotten your login details?)

Click on the Menu Bar and select “Receive”. From the options that will come up, select “US Virtual Bank Account”.

After providing the required information and completing the request process. You will be sent a notification as soon as possible. This could however take some few working days; so be patient.


Once that is done, you are good to go. Start submitting your virtual bank account number for your online transactions and begin to withdraw your money here in Nigeria with ease.

I believe the whole process (from the beginning to the end) is simpler than you have imagined. That’s why is here for you- we simplify all complex (money making tips) for our esteemed readers.

Quick Tips

  • While filling your personal information on Payoneer website, ensure that the name and address on your documents are the same with the ones you have submitted because you will be asked to scan and submit the document (Your means of identification) for confirmation.
  • For your shipping address, you can use a different address if you don’t want the card to be delivered to the address on your document.
  • Avoid using ambiguous address for this might lead to you being unable to get your card delivered to you.
  • If your card is lost, stolen or not delivered, you can request for another one. However, after requesting for the second time, you will be required to pay $50 subsequently.


What is the best bank to withdraw Payoneer in Nigeria?

There are many Nigerian banks that accepts Payoneer MasterCard. With these banks, you can easily slot in your Payoneer Mastercard in their ATMs and withdraw your cash.

However, the best Nigerian banks to withdraw your Payoneer funds includes:

  1. Guarantee Trust Bank GTB
  2. Zenith Bank of Nigeria
  3. First Bank Of Nigeria

Other great Nigerian banks to withdraw your Payoneer funds includes:

  1. UBA
  2. FCMB
  3. Access Bank
  4. Fidelity Bank

Where Can I Use Payoneer MasterCard?

Payoneer Mastercard is a multipurpose card that can be used in almost all the countries of the world including Nigeria.

The card is accepted in almost all the leading e-commerce websites in the world like Fivver, Upwork, Jumia etc.

Also, you can still use your Payoneer MasterCard to withdraw money in Nigerian ATMs and around the world as well.

Can I Withdraw From Payoneer In Nigeria?

Any person can withdraw from his Payoneer account in Nigeria and any other country you may find yourself in.

The main reason Nigerians go for Payoneer is the fact that it gives us access to receive money abroad and withdraw it locally using our Payoneer Mastercard.

Thanks for reading our guide on how to get Payoneer Mastercard free in Nigeria. We hope that the article has helped you as much as it has helped a lot of other persons before you>

Do you have any question? Feel free to drop it in the comment box below.

Eze Elekwachi

Hi, Eze Elekwachi holds an M.Sc. in Public Administration and a PhD in view. He is the brainchild behind People see him as a programmer, web developer, content developer and a seasoned e-marketer probably because he's good at what he does...

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