Payoneer Supported Countries
Payoneer operates globally and is supported in various countries. Here are some of its licenses:
- United States: Registered Money Services Business (MSB) and prepaid access provider with FinCEN. Licensed Money Transmitter in 51 states and territories.
- Europe: Authorized e-money institution by the Central Bank of Ireland, passported throughout the European Economic Area (EEA).
- Hong Kong: Licensed Money Service Operator approved by the Hong Kong Customs and Excise Department.
- Japan: Registered Fund Transfer Service Provider with the Kanto Finance Bureau (KFB).
- Australia: Licensed by the Australian Securities & Investments Commission (ASIC) to deal in non-cash payment products.
- India: Registered as an Online Payment Gateway Service Provider (OPGSP) with the Reserve Bank of India.
These licenses highlight Payoneer's commitment to regulatory compliance and its ability to provide secure and compliant payment services across multiple jurisdictions.
How to Deposit With Payoneer
As mentioned earlier, depositing funds using Payoneer is impossible due to legal restrictions. In that case, you will have to look for an alternative method. Fortunately, there’s one method to go about the entire process. This is by using the Payoneer to bank account option.
Punters can transfer funds from their Payoneer accounts to their bank accounts. From there, you can use the bank transfer method to fund your casino account.
To do that, you will need to navigate to the cashier section under the main menu. Find the deposit option and from the list of funding methods available, choose bank transfer. Choose your bank and then enter your login credentials to access the bank’s internet banking to authorize the transaction. This is, of course, after entering the deposit amount and choosing your bank from the list provided.
How to Withdraw to Payoneer
Since you cannot use your Payoneer account to deposit funds at your online casino, withdrawals are not possible either. Therefore, you will be forced to look for alternatives such as credit/debit cards or bank transfers.
For the former, players will need to navigate to the withdrawal section under the cashier. Find a suitable card issuer and enter the card details. These include the card number, CVV code, and expiry date. Include the amount you wish to withdraw and authorize the transaction.
To cash out using a bank transfer, find your bank from the list of banks in the bank transfer section. Enter the amount to withdraw and authorize the transaction. Both methods have different withdrawal periods, although bank transfer takes the longest. Up to seven business days. This is in addition to your casino’s mandatory security period.
Limits and Fees
Since you can’t use Payoneer to deposit or withdraw funds, the fees involved will be those imposed by the casino.
Keep in mind, the bank will most probably not charge for deposits or withdrawals. This is for both credit/cards and bank transfers.
Therefore, you want to check with your casino whether there are any fees to incur. As for the limits, the same principle prevails.
You need to check with your online casino for the limits on deposits and withdrawals. The terms and conditions/banking page contain this information.
Payoneer Bonus at Online Casinos
Unfortunately, there are no Payoneer bonuses to look forward to because this payment method doesn’t allow direct payments to online casinos.
In that case, players will be forced to look for alternative payment solutions that offer various bonuses. Some of the bonuses you can look forward to include welcome offers. New players will get cash bonuses and/or free spins.
In other cases, operators offer no-deposit bonuses available to players who sign up. For existing players, there are plenty of promotions to look forward to.
Source: https://www.payoneer.com/
