How to withdraw funds from Payoneer to an Elevate USD account

Layla Mansour

Content & Learning

Feb 5, 2024

·

5 mins

If you're looking to withdraw your USD funds from Payoneer and transfer them to a reliable and cost-effective USD account, Elevate is the perfect solution for you. Elevate offers a seamless and secure platform for managing your finances, with the added benefits of a free virtual Mastercard debit card, competitive exchange rates, and lower fees compared to other competitors. In this guide, we will walk you through the process of withdrawing your funds from Payoneer and transferring them to your Elevate USD account.

Why Choose Elevate?

Before we dive into the withdrawal process, let's explore the benefits of using Elevate as your USD account. Elevate offers the same advantages as other popular platforms like Wise, but it goes above and beyond by providing additional benefits specifically designed for residents of emerging markets.

1.       Free Virtual Mastercard Debit Card: Elevate provides a free virtual Mastercard debit card that can be added to Apple Pay or Google Pay. This feature allows you to conveniently make online purchases or payments using your virtual card, without the need for a physical card.

2.       Competitive Exchange Rates: Elevate offers highly competitive exchange rates, ensuring that you get the most out of your money when converting currencies. With Elevate, you can send money back to your home country at rates substantially cheaper than Payoneer and SWIFT, ensuring you keep you hard earned money.

3.       Support for Emerging Markets: Elevate is committed to supporting residents from emerging markets right from the start. Unlike other competitors, Elevate provides services to individuals in emerging markets without any additional requirements or limitations.

Now that you're aware of the benefits of using Elevate, let's proceed to the step-by-step process of withdrawing your USD funds from Payoneer to your Elevate USD bank account.

Create a USD account with the lowest FX fees to send money home

Step 1: Create an Elevate Account

To get started, download elevate at the App or Play stores and create an account. Follow the simple registration process, providing the necessary information to set up your Elevate account. Once your account is successfully created, you'll gain access to a range of features and services, including your routing number and account number required for receiving USD funds from Payoneer.

Step 2: Link Your Elevate Account to Payoneer

Now that you have your Elevate account ready, it's time to link it to your Payoneer account. Log in to your Payoneer account and navigate to the withdrawal section. Select the option to add a new bank account for withdrawal and enter your Elevate routing number and account number. Make sure to double-check the accuracy of the information before proceeding.

Step 3: Initiate the Withdrawal

Once your Elevate account is successfully linked to Payoneer, you can initiate the withdrawal process. Specify the amount of USD funds you wish to transfer from your Payoneer account to your Elevate account. Payoneer will process the withdrawal request, and the funds will be transferred to your Elevate USD bank account.

Step 4: Review and Confirm

Before finalizing the withdrawal, review all the details to ensure accuracy. Double-check the withdrawal amount, account information, and any associated fees. Once you are satisfied with the information, confirm the withdrawal request.

Step 5: Receive Funds in Your Elevate Account

After confirming the withdrawal, you can expect to receive the funds in your Elevate USD bank account within a few business days. Elevate's efficient transfer system ensures that your funds are securely and promptly delivered to your account.

Conclusion

Withdrawing your USD funds from Payoneer to an Elevate USD bank account is a straightforward process that offers numerous advantages. Elevate provides a user-friendly platform, competitive exchange rates, and additional benefits tailored to residents of emerging markets. By choosing Elevate for your USD banking needs, you can enjoy the convenience of a free virtual Mastercard debit card, cost-effective money transfers, and banking services without limitations. Start maximizing the value of your USD funds today by withdrawing them to your Elevate account!

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© 2024 Elevate Pay. Bloom Financial Technologies Inc trading as Elevate Pay is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass through FDIC insurance coverage is subject to certain conditions. The Elevate Pay Mastercard® Debit Card is issued by Bangor Savings Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated. Spend anywhere Mastercard is accepted.

© 2024 Elevate Pay. Bloom Financial Technologies Inc trading as Elevate Pay is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass through FDIC insurance coverage is subject to certain conditions. The Elevate Pay Mastercard® Debit Card is issued by Bangor Savings Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated. Spend anywhere Mastercard is accepted.