Payoneer – You can now transfer money to your Australian Bank Account

Great news everyone! Payoneer has just become even more perfect for Australian authors. Once you have your Payoneer account set up and you have received your card (this can take a couple of weeks) then you can link your Payoneer account to your Aussie Bank Account and transfer your royalty payments. Previously you had to withdraw cash or use your Payoneer card as a credit card.

I’ve put some screenshots below to help you, although it is fairly straight forward.

Step 1: Login to your Payoneer Account

Step 2: Click on the Withdrawal Tab at the end

Step 3: Click on the drop-down: My Local Bank Account.

Step 4: Fill out the security clearance with your Payoneer details.

Step 5: A form will pop-up for you to fill in, put in all the details of your Australian Bank Account. The only tricky parts are the Swift or BIC number, this is different to the BSB, phone your bank and ask them for this number and the BSB is broken up into two parts on the form.

Then submit and wait for an email from Payoneer. There are fees, but they are much less than foreign bank cheque fees. All of the successful authors we know, who live outside USA and don’t have an American bank account use Payoneer. Hope this helps.

P.s. Just received an email from Payoneer asking for our business certificate of incorporation (assuming this is our business registration certificate in Australia). Will let you know if this is different.