Transferring money between different accounts can often feel like a hassle, especially when you’re trying to move funds from Payoneer to Wise.com. In this guide, we will walk you through the process step by step, ensuring you understand how to efficiently manage your funds while minimizing costs.
Table of Contents
- Getting Started with Your Accounts
- Step 1: Log into Your Wise Account
- Step 2: Determine the Amount to Transfer
- Step 3: Proceed with the Transfer
- Step 4: Enter Your Card Details
- Final Thoughts on the Transfer Process
Getting Started with Your Accounts
Before you begin the transfer process, make sure you have both your Payoneer and Wise accounts set up. If you’re new to Wise, you can easily create an account on their website. Ensure that your Payoneer card is activated, as you will need it for this transaction.
Step 1: Log into Your Wise Account
First, log into your Wise account. Once you’re logged in, navigate to the “Add Money” option. This is where you will initiate the transfer from your Payoneer account.
Step 2: Determine the Amount to Transfer
Next, you will need to decide how much money you want to transfer. For example, if you have $77 in your Payoneer account, this will guide your input. However, keep in mind that there are fees associated with the transfer that will affect the final amount you receive in Wise.
If you attempt to transfer the full $77, you may find that you have insufficient balance after fees are applied. Instead, you can try entering a lower amount. In this case, entering $75 may still be too high due to the total costs involved.
After some adjustments, you might find that $72 is the sweet spot, allowing you to receive nearly $77 after fees.
Step 3: Proceed with the Transfer
Once you’ve settled on the amount, click on “Continue.” If you haven’t already linked your Payoneer card to your Wise account, this is the time to do so. You can find the option to add your Payoneer card details during this process.
If you don’t have a Payoneer card yet, you can order one directly from your Payoneer account. For this transaction, ensure you have both USD and EUR options available.
Step 4: Enter Your Card Details
Now, enter the CVV code for your Payoneer card in the required field and click on “Pay.” This action will initiate the transfer process. It’s important to note that while this is the fastest method to get your money from Payoneer to Wise, you will incur a fee of approximately $4.76 in this example.
Final Thoughts on the Transfer Process
Transferring money from Payoneer to Wise is a straightforward process, especially when you follow these steps. While you will lose a small amount to fees, it’s a quick and efficient method to access your funds. If you found this guide useful, consider subscribing to the channel for more tips and tricks on managing your finances.
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