How to Transfer Funds Between Payoneer Balances

When it comes to managing your finances on Payoneer, having the flexibility to transfer funds between different balances can be incredibly useful. Whether you need to convert currencies or simply want to allocate your funds strategically, Payoneer makes it easy to transfer money with just a few clicks. In this blog post, we'll walk you through the process of transferring funds between Payoneer balances, ensuring a smooth and seamless experience. Let's get started!

Payoneer offers a multi-currency platform that allows you to hold funds in various currencies such as USD, GBP, EUR, and more. However, there may be instances where you receive payments in one currency but prefer to have the funds in another. For example, you might have received a payment in EUR but wish to withdraw the funds in USD. By transferring funds between your Payoneer balances, you gain greater control over your finances and can easily manage your money in the desired currency.

Transferring Funds Between Balances on the Payoneer Website

To initiate a fund transfer between your Payoneer balances, start by logging into your Payoneer account on their secure website. Once logged in, navigate to the "Withdraw & Transfer" section on the left-side menu. Then, click on "Manage Currencies" to proceed to the balance transfer page.

On the balance transfer page, you'll find two dropdown menus labeled "From" and "To." Select the balance from which you wish to transfer funds in the "From" dropdown menu. Similarly, choose the target balance where you want the funds to be transferred in the "To" dropdown menu. Enter the desired transfer amount in the "Amount" field.

After entering the transfer amount, click on the "Get Rate" button to view the current exchange rate and applicable fees for the transfer. Carefully review the transfer details, including the amount to be transferred and any associated charges.

Once you have confirmed the transfer details, click on the "Submit" button to initiate the transfer. Payoneer will deduct a small conversion fee based on the applicable exchange rate.

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