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Confused about currencies, and whether Payoneer account looks like bank account, or e-wallet account

Account
Account Member Posts: 4
I'm reading that I either get a USD, EUR, and GPB currencies. Or only USD and EUR. Which one?

Second, I know technically Payoneer is an e-wallet. But the question is, do my account or accounts technically look like e-wallet accounts, or normal bank accounts?

Example bank account:
My name
My bank account number

Example e-wallet account:
Name of bank
Bank account number of bank
My reference number

The former variant is the only suitable way to transfer money to a savings account, or a brokerage account. European e-wallet providers can look like a bank account, while technically are still e-wallet accounts, for example, Wirecard, I heard you partner with.

Is the e-wallet/bank account look uniform across all your currencies, or does it differ by the currency in question?

Comments

  • Adam_Payoneer
    Adam_Payoneer Administrator Posts: 1,021 ✭✭✭✭✭✭✭
    The default account currency you receive is in USD with the option to add EUR and GBP. If your country is supported for bank withdrawals you get all three currencies and in addition  you can also add the Japanese payment service (there are no Mastercards for this currency at this time).


    Your account will appear like an ewallet account. On the main page you will see the card/balance on the account in multiple currencies which you can toggle through. From the main page you will have multiple options to choose from which includes viewing your Global Payment Service Details, withdrawing to your local bank account, billing service feature for requesting payments and other useful features. 

    The Global Payment Service details we provide are collection account details only. So while you receive the payments through those details they are not held on it. Once a Euro payment is received through Wirecard for example, it is loaded to your Payoneer account so you can access your earned funds.

    Each collection bank account detail is designed to receive payments in the local area they are set up in. US, UK and Japanese details each apply for their own country while the Euro payment service details can receive payments from companies that are part of the Euro union (I forgot the actual word to describe it right now but will update once I remember). 

    Happy and willing to answer general questions.

    For any inquiries directly associated to your Payoneer account, please contact Payoneer's Customer Care Support Center.