Payoneer Payment System
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Payoneer Payment System
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Payoneer deals with distribution, control and management of Payoneer Prepaid Debit Cards. Its business partner, Choice Bank Limited, is responsible for card issuing. Being a leader in the sphere of prepaid financial solutions for interactive applications, Payoneer has sub-offices in New York and Tel-Aviv.
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Prepaid cards of MasterCard® type can be used for making various transactions and online payments where MasterCard debits cards are accepted as a payment method.
Any FXOpen client older than 18 can request a Payoneer Prepaid Debit card, regardless of having a bank account or not. But only one Payoneer card per client may be requested. A Payoneer Debit Card can be successfully used for withdrawal operations from your FXOpen trading account.
1. Debit card request
2. Payoneer Prepaid MasterCard® activation
3. How to withdraw funds via Debit card
1. Debit card request
Please take the following steps to withdraw funds from your trading account via a Debit Card (Payoneer Prepaid Debit Card):
- Login to My FXOpen area.
- Click Debit Card→Request Debit Card in the main menu.
- 3. Select the card delivery option:
- regular mail – (fee – 30.00 USD). A reduced shipment fee is available for the Customers whose FXOpen account balance exceeds USD 3000.00 at the time of the approval process by Payoneer. Shipment by regular mail is free of charge;
- expedited mail – (fee – 75.00 USD). A reduced shipment fee (USD 45.00) is available for the Customers whose FXOpen account balance exceeds USD 3000.00 at the time of the approval process by Payoneer.
- Enter the PIN-code of your FXOpen trading account and click Request.
- A confirmation message from noreply@fxopen.com will be sent to your e-mail indicated when opening the trading account. Pleaseclick the link in it to confirm your request for a debit card.
- Your request will be placed in the queue in order to be approved by FXOpen back-office department. The request approval by FXOpen Finance department should not take more than 24 hours, then the shipment fee amount is withdrawn from your trading account.
- After the request has been approved a confirmation message from noreply@fxopen.com will be sent to your e-mail. Please click the link in it to be redirected to My FXOpen area.
- On page Debit Card→Request Debit Card the Request FXOpen Prepaid Card form will appear indicating the selected delivery method of the debit card (regular or expedited mail).
- Put the PIN-code of your FXOpen trading account and click Request. Then you will be redirected to the Payoneer card ordering gateway.
- Click Get your prepaid MasterCard card Now!
- Fill in the form:
- Cardholder Details :
- Account information:
- Registration verification:
- Read and agree to the Electronic Disclosures, Card Usage Fees and Terms and Conditions of the Payoneer system.
- Click Finish.
- Then you will see a confirmation message. In several seconds you will be automatically redirected to My FXOpen area.
- Your current Payoneer Prepaid MasterCard® request status is:
- Activity ― Inactive;
- Issue ― Not Issued;
- Approval ― Pending Approval.
- After your card request has been reviewed and approved by the Payoneer Team you will get a confirmation message to your electronic address (Your Prepaid Debit card order has been approved!).
- The status of your Payoneer Prepaid Debit card® will change to:
- Activity― Active;
- Issue ― Card Issued;
- Approval ― Not Activated. After successful request approval your Payoneer Prepaid Debit card will be shipped to your postal address. It can take up to 10 business days to receive the FXOpen Prepaid Debit card within the U.S. and up to 25 business days for delivery outside of the U.S.
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Please note! In some cases Payoneer may reject card requests. This has to do with Payoneer security standards and is beyond FXOpen’s control. If your card request is rejected by Payoneer, please contact support@payoneer.com for details. |
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2. Payoneer Prepaid MasterCard® activation
Please take these steps to activate your Payoneer Prepaid MasterCard®:
- Click Activate your card on the Payoneer homepage.
- Login to My Account in the Payoneer system. Please use the User name and Password that you have chosen during card registration process (Account Information form).
- Put your Prepaid card number, enter and re-enter a new PIN-code.
- Read the Terms and Conditions and confirm them by selecting the checkbox.
- Click Activate.
- A confirmation message (Payoneer Prepaid Debit Card has now been activated) will be sent to your e-mail.
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Please note! Payoneer may charge fees for payment loading, ATM withdrawals and other transactions. For details please check the Fees and Pricing section on the Payoneer website. |
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3. How to withdraw funds via Debit Card
Please take the following steps to withdraw funds from your trading account via a Debit Card (Payoneer Prepaid Mastercard®):
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