How to Open Payoneer US Bank Account for Free in Zambia

Payoneer is a US fintech company that offers virtual bank accounts. Is Payoneer available in Zambia? The answer is yes. Payoneer is a great option for any Zambian to receive, send money or pay for online services. It’s a perfect solution for online freelancers as well.


Some popular similar payment solutions have restrictions. For example, you cannot withdraw money from PayPal in Zambia. With PayPal restrictions on account holders in Zambia to receive funds, Payoneer Zambia bank account is one of the best options available in terms of cost and speed.

payoneer zambia

Online freelancing is one of the ways Africans, and mostly young people, tackle the rising unemployment in Africa. Unemployment rate in Zambia, for example, increased to 12.88 per cent from 7.79 per cent in 2017. One of the problems freelancers face in Zambia is how to receive payments.

Founded in 2005, Payoneer is a company that provides online money transfer and payment services in 200 countries and 150 local currencies.

Go to

Payoneer Zambia: Benefits

  • Service available to Zambian customers
  • No monthly fees
  • Access to Mastercard that you can use to withdraw your funds via ATMs in Zambia or abroad .
  • Able to pay for goods or services online
  • Able to receive funds for doing online freelancing jobs

Payoneer Services

Account holders can send and receive money into their bank account, Payoneer e-wallet, or prepaid MasterCard that can be used to buy products or pay for services online or offline. Companies such as Amazon, Google and freeelancing sites such as Fiver and Upwork use Payoneer to send payments around the world.

At the Payoneer website you can check which currencies are supported

Payoneer Sign Up Procedure

  • Go here
  • Sign up and wait for confirmation

How to Receive Money Through Payoneer

  • Log into your payoneer account
  • Click on Request a Payment found under Receive menu
  • Fill in the form under Payment Details
  • Click Send

If the company/person you have requested payment from does not have Payoneer account, they can still pay with credit/debit card or bank transfer.

Receiving money from a Payoneer account holder is free.

Payoneer: How to Make Payment

  • Log into
  • Click on Make A Payment under the Pay menu
  • Enter the recipient email, amount click Next

How to Transfer Funds From Payoneer to Your Zambian Bank

On you account page, navigate to {Withdraw} » {To Bank Account}. If you have not yet added a bank account to withdraw your funds to, you will see a page with guidelines on how to add a bank to your Payoneer account. Select the currency balance or card you want to withdraw funds from.

The minimum amount which you can withdraw from Payoneer to your bank account in Zambia is $200 and the maximum is $10,000.

Payoneer MasterCard

Eligibility is based on payments received to your Payoneer account.


After signing in, select {Settings} » {Card Management}, and if you see a message inviting you to {Order Now}, you are eligible. If you are not eligible, a message describing the eligibility requirement is displayed. If you are eligible, the Order Card option will also be displayed in your Payoneer account menu.

How to Order a Payoneer MasterCard

You will be able to order the card during the application process or from your online account once the application process is completed. To order a card from your online account, select {Settings} » {Card Management}, click {Order a card}, and follow the instructions. You can also click the {Order Card} menu item located at the top right of your screen, and follow the instructions.

How Long Does it Take to Receive MasterCard?

It may take around 2 to 3 weeks to receive your card.

Payoneer Fees

Fee typeAmount
Annual fee for the account$0.00 (Free)
Annual fee for the Card$29.95
Card replacement$12.95
Online or in-stores purchases$0.00 (Free)
ATM withdrawal$3.15 (your bank will charge additional fees)
ATM decline$1
ATM balance inquiry$1
Direct payments from customersUp to 3%
Make a paymentFree
Global payment service1%
Online or In Stores Purchases$0.00 (Free)
Payments from affiliate networks, marketplaces, Ad networksFee is set by each company, Payoneer charges $2
Immediate Transfer (2 hours)$5
Bank transfersBetween $5.95-$9.95
Exchange fees (withdrawing from Payoneer account in Zambian Kwacha)2% conversion/exchange rate
Check with you bank to know additional fees that may be charged when transferring funds to your local Zambian bank or when using your debit card.

Final Thoughts on Payoneer in Zambia

Payoneer is an ideal bank for those looking for a US bank without monthly fees, access to Mastercard, and the ability to conveniently pay for goods and services online. Follow this guide to learn how to open Payoneer account in Zambia.

Freelancing Companies Paying Through Payoneer


Research: Ndesanjo

Ndesanjo is an experienced blogger and journalist. He was named one of 100 Influential Africans in Media Category. His mission is simple: making finance work for everyone. Read more about Ndesanjo and the whole editorial team at FiFi.