How to withdraw funds from Payoneer to an Elevate Pay USD account
Layla Mansour
If you're looking to withdraw your USD funds from Payoneer and transfer them to a reliable and cost-effective USD account, Elevate Pay is the perfect solution for you. Elevate Pay offers a seamless and secure platform for managing your finances, with the added benefits of a free virtual Mastercard debit card, competitive exchange rates, and lower fees than competitors. In this guide, we will walk you through the process of withdrawing your funds from Payoneer and transferring them to your Elevate Pay USD account.
Why Choose Elevate Pay?
Before we dive into the withdrawal process, let's explore the benefits of using Elevate Pay as your USD account. Elevate Pay offers the same advantages as other international payment platforms, but it goes above and beyond by providing additional benefits specifically designed for residents of emerging markets.
1. Free USD Account: Elevate Pay provides brings you a free USD account provided by Bangor Savings Bank. All you need to do is Sign Up and you will get access to your USD account after verification is complete. Elevate Pay will provide you the account number and routing number that you can use to receive USD payments in your account. Feel free to link your account to freelance platforms, or other payment platforms like Paypal and Payoneer and receive payments conveniently.
2. Competitive Exchange Rates: Elevate Pay offers highly competitive exchange rates, ensuring that you get the most out of your money when converting currencies. With Elevate Pay, you can send money back to your home country at rates substantially cheaper than Payoneer and SWIFT, ensuring you keep you hard earned money.
3. Support for Emerging Markets: Elevate Pay is committed to supporting residents from emerging markets right from the start. Unlike other competitors, Elevate Pay provides services to individuals in emerging economies without any additional requirements or limitations.
Now that you're aware of the benefits of using Elevate Pay, let's proceed to the step-by-step process of withdrawing your USD funds from Payoneer to your Elevate Pay USD bank account.
How to Withdraw Funds From Payoneer to Elevate Pay?
Elevate Pay conveniently pairs with a range of payment platforms. It is no different with Payoneer. You can do so in just a few simple steps.
Step 1: Create Your Elevate Pay Account
To get started, download Elevate Pay at the App or Play stores and create an account. Follow the simple registration process, providing the necessary information to set up your Elevate Pay account. Once your account is successfully created, you'll gain access to a range of features and services, including your routing number and account number required for receiving USD funds from Payoneer.
Step 2: Link Your Elevate Pay Account to Payoneer
Now that you have your Elevate account ready, it's time to link it to your Payoneer account. Log in to your Payoneer account and go to "Settings" -> "Bank Accounts". Click "Bank Account for Withdrawals" and then "Add Bank Account". Select your bank account type as "Personal", country as USA and currency USD. Finally for bank account details, add "Bangor Savings Bank" as bank name and additional details including the account number and routing number.
Payoneer may ask you for additional verification and information before completing the process. Feel free to provide those details.
Step 3: Initiate the Withdrawal
Once your Elevate Pay account is successfully linked to Payoneer, you can initiate the withdrawal process. Specify the amount of USD funds you wish to transfer from your Payoneer account to your Elevate Pay account. Payoneer will process the withdrawal request, and the funds will be transferred to your Elevate USD bank account.
Step 4: Review and Confirm
Before finalizing the withdrawal, review all the details to ensure accuracy. Double-check the withdrawal amount, account information, and any associated fees. Once you are satisfied with the information, confirm the withdrawal request.
Step 5: Receive Funds in Your Elevate Account
After confirming the withdrawal, you can expect to receive the funds in your Elevate USD bank account within 0-1 business days. Elevate Pay's efficient transfer system ensures that your funds are securely and promptly delivered to your account.
Conclusion
Withdrawing your USD funds from Payoneer to an Elevate USD bank account is a straightforward process that offers numerous advantages. Elevate provides a user-friendly platform, competitive exchange rates, and additional benefits tailored to residents of emerging markets. By choosing Elevate for your USD banking needs, you can enjoy cost-effective money transfers, and banking services without limitations. Start maximizing the value of your USD funds today by withdrawing them to your Elevate account!