The recent rise in the cost of Bitcoins nearly anywhere has triggered a huge interest among beginner and seasoned traders. Now people are looking for more ways to turn around digital currency into cash. While most options have been discussed over time, few things make us look more than Payoneer. Does Payoneer Accept Bitcoins? let’s find out.
Numerous digital traders are giving up on PayPal because of their high rate and fee, whereas the other said Payoneer is the ultimate choice. That’s why you are hearing the question:
Does Payoneer accept bitcoins?
If you are one of such or want to know more about Payoneer on where to buy bitcoin through a Payoneer account, then this article is for you.
Relation of Bitcoins and Payoneer
Many of the traders are confused about the Payoneer and ask whether Payoneer is related to the bitcoin or not. So before answering this question let me tell you about Payoneer first. Payoneer is an online payment processor. It is a peer-to-peer transaction service reported by Bank of America.
Unfortunately, Payoneer does not accept Bitcoin as a payment form. You’ll have to find another platform. It is crucial to note that both platforms have low reputations, especially in the eyes of the Payoneer team. They would not allow Payoneer to be used with these sites or have any form of cooperation.
How do Payoneer works?
Payoneer is one of the best platforms if you want to receive payments easily while expanding your reach. Payoneer is a global online payment solution enabling businesses, freelancers, and individuals to send and receive money easily and quickly to bank accounts and mobile wallets.
Payoneer helps its customers to earn a living by facilitating cross-border payments and connections. In partnership with financial institutions, they provide access to over three million merchants in 190 markets.
Why Payoneer does not accept Bitcoins?
Bitcoin is a digital currency, commonly known as cryptocurrency. Due to business considerations and regulations, Selling or buying cryptocurrencies is against the Terms and Conditions of the Payoneer. Any transactions related (even indirectly) to cryptocurrencies will not be processed. For the payment services, Payoneer is only designed for the business-to-business community. That’s why bitcoins exchange does not support by Payoneer.
Does any crypto market accept Payoneer for the payment method?
Unfortunately, Payoneer will not be rewarded with a spot on the illustrious list of Bitcoin exchange platforms. Despite being one of the most popular forms of payment on the Internet, Payoneer is not accepted by any of the major Bitcoin exchanges. Although some of these platforms might accept Payoneer at a later date, their current policies do not allow it.
Payoneer can’t be used to buy Bitcoin on major exchanges. There are P2P platforms that accept Payoneer, but don’t count on them always doing so in the future.
Following are the peer-to-peer non-custodial exchange, which accepts the Payoneer as a payment method. They connect the buyer and seller on a single platform by providing their services.
1. LocalCryptos
2. LocalBitcoins
3. Paxful
Payoneer does not support these exchangers because most of the buyers and sellers got scammed here so these are not being recommended by Payoneer.
How to buy bitcoins through Payoneer?
As it turns out, the (sometimes) draconian security measures associated with most Bitcoin exchange platforms make it impossible to deposit funds using Payoneer. At least some of these exchanges will accept Payoneer on a case-by-case basis, but this should not be considered a rule.
To buy the bitcoins then you need to do several steps:
1. Register yourself
Choose one of the given platforms for buying and register yourself as a buyer and verify your identity.
2. Find the seller
Find the best seller who will provide you with the best offer for the bitcoin selling and accept the Payoneer payment method.
3. Make a deal
Discuss with the seller with proper deals and offers and sign an agreement for not any confusion and scams.
4. pay via Payoneer
after making all the deals then pay the seller via Payoneer with the parameter both set into the agreement and bitcoins transfer into an escrow account.
5. Received bitcoins into your wallet
Once the payment will receive by the seller then He\she will transfer the bitcoins into your Wallet.
Conclusion
It’s worth checking these platforms out if you want to buy Bitcoin. You can bypass Payoneer’s restrictions by using a different payment method (like a wire transfer or bank account). However, these options come with longer transaction times, and many charges additional fees.
FAQs
1. In the future Payoneer accept the bitcoins
It is depending on the Payoneer terms and conditions if they change their B2B module.
2. Bitcoin wallet is necessary for the payment process?
Yes, a Bitcoin wallet is necessary for the payment process if you are on any broker platform.
3. Payoneer does accept the coinbase
No Payoneer does not accept the coinbase or any cryptocurrency
4. Does Payoneer support any broker platform?
No Payoneer does not support any broker platform
