Payoneer sign up: How it works and what South Asian businesses should consider

Payoneer lets businesses and individuals receive international payments from clients and marketplaces. Take a closer look at the Payoneer sign up process in this guide

Key takeaways

• Payoneer allows businesses and freelancers to receive international payments through receiving accounts, payment requests and supported marketplaces
• Payoneer sign up costs zero, but receiving, withdrawal, currency conversion and card fees can apply
• A World Account provides local receiving accounts in 15+ currencies and links to a virtual business payment card

What is a Payoneer account?

A Payoneer account is a global business payment account that allows freelancers, businesses and e-commerce sellers to receive payments from clients, marketplaces and platforms.¹ Payoneer supports receiving payments through 10 local receiving accounts, payment requests and other supported payment methods.^1,2  Funds can then be withdrawn to a local bank account, subject to the currencies, countries and services available to the account.¹

Payoneer also offers business cards that can be used for eligible business payments.³ The platform supports payments and transfers across 190+ countries and 70+ currencies, although specific receiving, holding and card services vary by location and account type.¹

→ Go through this Payoneer review to know more in detail

How much does it cost to sign up for a Payoneer account in South Asia?

Payoneer does not generally charge an account setup fee.^1,4 But, using the account can involve fees depending on how funds are received, converted, withdrawn or spent.

*Fees checked in September 2026. Fees vary by region, account type and payment method

→ Looking for Payoneer alternatives? Compare your options

How to sign up for Payoneer: step-by-step process

The Payoneer account sign up process is completed online. Pakistani and Bangladeshi applicants generally need to provide personal or business information, banking details and verification documents.

1. Open the Payoneer website

Go to Payoneer’s official website and select the registration option.¹

2. Choose the account type

Select the account type that fits the business structure, such as an individual, or business account.⁵

• Individual: Registered in an individual’s name and intended for freelancers or independent professionals receiving payments for their work
• Corporate (Business): Registered under the legal name of a formal company or other registered business entity

3. Enter personal or business details

Provide the legal name, email address, residential or business address, mobile number and other requested information. Business applicants may also need to provide company registration details.

4. Create login credentials

Set a password and complete the required security information to create the account.

5. Add a local bank account

A bank account is required for withdrawals in Pakistan.^6,7 The bank account holder’s name should match the name used during registration. Applicants may need to provide the bank name, account number and other banking information.⁷

The same principle applies to applicants in Bangladesh using a Bangladeshi bank account for withdrawals.

6. Submit identity and address documents

Applicants may need to provide a government-issued identity document and proof of address.^6,7  For Pakistan, accepted identity documents can include a National ID card, passport or driving licence. Payoneer may request additional documentation during verification.^6,7

Bangladeshi applicants may similarly be asked for a National ID card or passport and proof of address.

7. Provide tax or business information

Depending on the account type, Payoneer may request tax or business registration information. Pakistani businesses may need FBR or NTN details, while formally registered companies may need SECP documentation. Requirements for Bangladeshi businesses can vary according to their structure.

8. Complete verification

Payoneer reviews the submitted information and may request additional documents before approving the account. Verification timing varies depending on the account and whether further information is required.

The World Account: Built for global businesses

The World Account from WorldFirst is a multi-currency account designed for businesses receiving, holding, converting, and sending. It provides local receiving account details across 15+ currencies, allowing eligible businesses to receive funds from overseas customers, marketplaces and payment platforms.

The World Account can hold balances in supported currencies, which can then be used to make international payments or fund the linked World Card. This card is a Mastercard-powered virtual business payment card connected to the World Account, allowing businesses to make online payments using available account balances. Users can get up to 20 such virtual cards at no additional cost.

Here are the key features of the World Account

• Receive business payments through local account details across 15+ currencies, including USD, GBP, EUR, CNH and AUD
• Send payments across 200+ countries and regions
• Receive funds from 130+ marketplaces and payment gateways, including Amazon, Shopify, Stripe and Etsy
• Transfer funds between World Account holders with zero fees and instant processing
• Use the Mastercard-powered multi-currency card for making payments in 150+ currencies. Payments in 15 supported currencies carry zero fees when sufficient funds are held in the relevant currency
• Pay 1688 suppliers in China via World Pay, the authorised international payment provider for 1688.com
• Connect the World Account with accounting platforms such as Xero and NetSuite

→ Looking to source from China? Go through this sourcing guide for 1688.com

Pricing for the World Account

*Fees checked in September 2026

FAQs

1. Is Payoneer sign up free?

Payoneer does not generally charge an account setup fee.⁴ But, receiving, currency conversion, withdrawal, card and other international transaction fees may apply depending on how the account is used.⁴

2. What are the requirements to sign up for Payoneer?

Payoneer sign up requirements include personal or business information, a valid email address and mobile number, identity verification, proof of address and bank account details. Businesses may also need to provide tax or company registration documents.

3. Can I sign up for Payoneer without a bank account?

You can begin the Payoneer registration process without providing bank details. But, a personal bank account needs to be added and verified before funds can be withdrawn to a local bank account.

Sources

1. https://www.payoneer.com/
2. https://www.payoneer.com/resources/general-payments/the-ins-and-outs-of-receiving-accounts-how-payoneers-multicurrency-account-can-help-smbs-expand-globally/
3. https://payoneer.custhelp.com/app/answers/detail/a_id/18226/~/account-with-card—faq
4. https://www.payoneer.com/about/pricing/
5. https://www.payoneer.com/resources/how-open-a-payoneer-account-how-much-does-it-cost/
6. https://payoneer.custhelp.com/app/answers/detail/a_id/30809/
7. https://www.payoneer.com/resources/country-guides/payoneer-individual-account-in-pakistan/

This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.