There are two options in Payoneer account, ‘Make a Payment’ under ‘Pay’ link and ‘Request a Payment’ under ‘Receive’ link. Make a Payment option is available for selected Payoneer accounts only and I got it enabled for my account by contacting Payoneer support.
The second option Request a Payment is intended to send invoices to clients and previously this option was requiring the client to use a credit/debit card or ACH to make the payment. But now things are changed a little at Payoneer’s end and money can be transferred between Payoneer accounts easily and for zero fees.
Now the Request Payment allows the payer to use their Payoneer account balance in order to make the payment. Here is how you can use this new feature of Payoneer to make or receive payments easily.
To receive a Payment, send a payment request. To do so, go to Request a Payment option under Receive link, fill in the required details and send the request. Be sure to provide the Payoneer account’s email of the target user. Using this feature, you can request payments from non-Payoneer users as well and in that case, they will be able to use credit or debit card to make the payment.
To send or transfer money to another Payoneer user, ask the user to request a payment from you following the instructions I mentioned above. Once the user sends the payment request, you will be able to make the payment using your Payoneer balance.
So this process now makes it extremely easy for Payoneer users to move funds between their accounts. The good thing is that this option is available for all Payoneer users as well as there is zero processing fees.
I hope you enjoy this new feature from Payoneer. If you have any question regarding this, you can share in comments below.