Does my account need to have an initial balance of $100 to buy products online?

gfxdesigner

Does my account need to have an initial balance of $100 after creating it and exceeding 0$ to buy products online?

Adam_Payoneer

Hi @gfxdesigner,

In order to utilize the funds on the account you first need to start receiving payments for your online services through Payoneer. Once the funds are credited to your account, you can withdraw it to your bank or utilize the card for local/online transactions.

Upon the first payment received, you should be able to utilize the funds on the card without issue.

gfxdesigner

> @Adam_Payoneer said:
> Hi @gfxdesigner,
>
> In order to utilize the funds on the account you first need to start receiving payments for your online services through Payoneer. Once the funds are credited to your account, you can withdraw it to your bank or utilize the card for local/online transactions.
>
> Upon the first payment received, you should be able to utilize the funds on the card without issue.

Thanks for the reply. Really appreciate it (though that's not what asked for)! Can the amount be less than $100 to use it for the first time?

Adam_Payoneer

@gfxdesigner

The card itself is prepaid, so basically in order to purchase items with the card, you need to have funds loaded on it in advance.

A transaction taking place with a card that has insufficient funds or no funds at all, will be declined.