FAQ of Payoneer CNY transfer

About Payoneer

• Payoneer enables millions of businesses and professionals from more than 200 countries to reach new people by facilitating seamless, cross-border payments. With Payoneer's fast, flexible, secure and low-cost solutions, businesses and professionals can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000's Financial Services companies and is connected to financial institutions such as PingAn VC and more.

 Payoneer benefits

• No 50K SAFE restrictions from USD foreign exchange to RMB.
• Payoneer use exchange rate from major commercial banks and work with China SAFE licensed providers. No markup rate or hidden cost.
• Support multiple currencies transfers.
• Cost effective.
• Fast: Funds will be available in your Payoneer prepaid MasterCard within 2 hours. When choosing withdrawal, funds will arrive to your bank account in 1-3 working days.
• Security: funds are secure.
• Issue U.S collection bank account and EUR collection bank account for free.

How to transfer Wish payment to Payoneer

Login to your Wish seller account, choose Payoneer option in the drop down list under “payment setting” and complete sign up.

If you already have a Payoneer account, Please click ”if you have a Payoneer account, click here” button to assign your wish account to your existing Payoneer account.

Once you have your Payoneer account approved, Wish payments will be loaded directly into your Payoneer account in each payment cycle (15th each month). And you will receive notification emails for every payment loaded.

If already have a Payoneer account, Can I register again in Wish?

Payoneer allows one account for each customer, you cannot re-register if already have one Payoneer account; however, you can easily assign your new Wish seller account to your existing Payoneer account by clicking on “Already have an account”.

 How to withdraw Payoneer funds to local bank and what is the transfer time?

Login to your My Account at Payoneer.com. Under the withdrawal menu, add your local bank account information. Once bank account information is approved you can submit a withdrawal transfer under “withdrawal” menu.

You will receive an email notification once Payoneer complete the withdrawal processing; it takes 1-3 business days for the funds to arrive to your personal bank account.

 Will I have FX limit if withdraw to my local bank account in CNY?

Payoneer is incorporated with the 3rd party payment institutions that are licensed by China SAFE as such transfer of CNY to your local bank account through Payoneer will have no FX limit.

Chinese Support:

Hotline: +86-755-6181-1010
(Monday - Thursday 9:00 to 20:00，Friday 9:00 - 17:00 Beijing time)
Email: wish@payoneer.com
Weibo & Wechat account: PayoneerChina