Hi everyone!
I’ve connected my Payoneer business account as the deposit method for my Amazon Seller Central account.
Now I’m looking to withdraw the money from my Payoneer business account.
What’s the best way to do it?
Your experience or suggestions would be a big help!
You can only withdraw to another business account with the same business name and not a personal account.
Withdrawals can only be made to a business account with the same name, not a personal one. So this is true.
Yes, many sellers have successfully withdrawn funds from their Payoneer business accounts after receiving Amazon disbursements. Once the funds are available in your Payoneer balance, the most straightforward way to withdraw is by linking a local bank account in your business name and initiating a transfer directly from Payoneer to that account. You can do this under the “Withdraw” tab and select “To Bank Account,” making sure the bank account matches your Payoneer business entity details. If you’re based in a country where your personal account is acceptable, you can still withdraw to a personal account, but in some cases, Payoneer may request supporting documents. Alternatively, some sellers use their Payoneer balance to pay suppliers, purchase virtual cards, or even withdraw via ATM using the Payoneer card if it’s available in your region. Just keep in mind there are fees for currency conversions and withdrawals, so review the fee breakdown before transferring.