Technology

How to create a Payoneer account in Ghana in 2023.

Published on 1st August 2023

When we buy things online, we usually need a valid MasterCard, Visa Card, or Credit card to make the payment.

In Ghana, Fintech has made it easier for people to apply for a Visa card from legal banks regulated by the Bank of Ghana.

You can also apply for a Visa prepaid card from banks like First Atlantic Bank, United Bank For Africa, Access Bank Plc, Ecobank Ghana, etc. to use for online transactions.

Sometimes, when trying to buy things from certain places, Ghanaian Visa cards may not be accepted, so we might need a foreign MasterCard to make those purchases from Ghana.

That’s where Payoneer comes in. Payoneer is a fintech solution that allows many digital marketers to conduct foreign transactions. You can apply for a MasterCard with a Payoneer account and have it delivered to you in Ghana. This card can be used for online purchases and receiving funds.

In my latest article, I will show you how to open a Payoneer account in Ghana in 2023.

What is Payoneer Account?

A Payoneer account is an online account that we can use from our room. It’s a great way to receive money from other countries when we live in Ghana.

It’s the best payment gateway for freelancers, online business owners, and bloggers to send and receive money worldwide.

Payoneer In Ghana

If you do internet marketing, having a Payoneer account in Ghana is essential for your online transactions.

Any Ghanaian internet entrepreneur above 18 years can get a free Payoneer account.

The account comes with a card that will be delivered to your address in Ghana.

The Payoneer MasterCard can be used on any ATM in Ghana that accepts Visa Card, MasterCard, Credit Card, and Debit Card. Many banks, like Ecobank Ghana, Ghana Commercial Bank, Stanbic Bank, UBA Ghana, accept Payoneer MasterCard.

In my latest article, I will show you how to open a Payoneer account in Ghana in 2023 easily, without any local hassles.

How to open a payoneer account in Ghana

Here are the steps to get a Payoneer account:

Go to the Payoneer website: https://www.payoneer.com/
Sign up and register for your Payoneer account.
Provide your personal information.
Enter your contact details for the Payoneer account.
Add your local bank account information.
Verify your Payoneer account.
Payoneer will give you a bank account.

You will receive a Payoneer MasterCard, and it will be sent to your address without any additional fees.

Once you have your Payoneer account and MasterCard, you can use it for online transactions that need a bank account. And when you get your MasterCard in Ghana, you can use it too.

Payoneer Transaction Fees and Rates in Ghana

Similar to how banks in Ghana charge individuals for using their accounts, Payoneer also has an annual fee of $29.90. Additionally, there’s a $1 fee for each ATM withdrawal transaction in Ghana. Local bank ATMs may also have their own fees for withdrawals.

Below, you can find the withdrawal transaction fees for each bank in Ghana.

Payoneer ATM Cash Withdrawal Fees in Ghana

When you use an ATM from these banks in Ghana, they will charge you a fee for each withdrawal:

Stanbic Bank ATM – GH₵25
Ecobank Ghana ATM – GH₵15
Ghana Commercial Bank ATM – GH₵15

The fees for cash withdrawals can be between GH₵15 to GH₵50, depending on the bank you use.

Payoneer Cash Withdrawal Limit in Ghana

ayoneer sets a limit on how much you can withdraw in a day using their MasterCard.

For new users, the withdrawal limit might be up to GH₵400 per day.

For most users in Ghana, the default withdrawal limit is GH₵3000 per day.

Getting a Visa or MasterCard to receive money from around the world shouldn’t be difficult. Payoneer is here to help you with that, so you can do legitimate internet business in Ghana.

Thank you for reading from ICT Catalogue, a tech blog in Ghana. Feel free to share this post on different social media platforms and follow us on Facebook, Google News, Twitter, LinkedIn, Pinterest, and YouTube.