• Skip to main content
  • Skip to primary sidebar

How to Add Payoneer Account to Indian Upwork Account?

Reading Time: 4 mins. Posted on May 8, 2020 .

How to add Payoneer as the payment option into your Indian Upwork account. The complete process with screenshots of each step

How to Add Payoneer Account to Indian Upwork Account?

Payoneer is one of my favorite payment options as a freelancer and blogger in India. I like Payoneer because of its low transaction charges and better forex rates. Today I will share how one can add the Payoneer as a payment option to his or her Upwork account.

BTW those who still don’t have a Payoneer account you can get one here. As an individual freelancer, the documentation needed is a bare minimum for KYC, like a PAN and Aadhar. Moreover, I am a Payoneer user for a decade now, and you can find a detailed view and review here.

Why Payoneer as Payment Option in Upwork?

The main reason I like and love Payoneer as the payment option within Upwork is a lower cost.

I know it only costs $0.99 to withdraw amounts from Upwork to your local Indian bank account. However, the forex rates that we get via Upwork to an Indian bank account, as opposed to Payoneer to the Indian Bank account, can differ a lot.

In the end, I will share the exact details of how much more you make when using Payoneer to Indian Bank as opposed to Upwork to Indian Bank account.

So without much ado, let us begin.

Add Payoneer Account to Upwork

Head over to your payment settings option in Upwork Profile which is located underĀ  Account > Settings > Get Paid

Payment Info

Click on the Add Method option under the Payment Methods.

Select Direct to US Bank (USD) and Click on Set Up

Get Paid

Under the Global Payment Service under the Receive menu, you will find all the accounts Payoneer has for you.

Global Payment Service

We will use the US Bank account details from Payoneer into Upwork.

Global Payment Options in Payoneer

Fetch the US Virtual Bank Account Details and copy the routing number and account number.

US Bank Details in Payoneer

Add the provided bank details from Payoneer into your Upwork account.

Add Details in Upwork

Make sure Upwork shows the bank name the same as in the Payoneer’s Account. We aren’t used to the US Bank routing code to the bank name. So verifying the bank name here can help.

Attest that you are the owner of the bank account.

Then, it will ask you to verify the bank account.

For Verification, Upwork will send two small amounts as a credit to the added bank account. In the next 24 to 48 hours, the transaction will reflect in Payoneer. Wait for the amount to reflect in the transactions section.

Upwork Verification Amount in Payonner

Once you know the amount, head over to Upwork to verify it.

Upwork Verify Payoneer Account

Click the Verify option for the bank account and add the amount you have received in your Payoneer account into Upwork.

Enter Amount for Verification

The order of the amount doesn’t matter. Once the amount is entered, the account will become active for withdrawal after the cooling period of 3 working days.

After Verification Wait for Account to Become Active

Withdraw Money from Upwork Via Payoneer

Once the account is approved, you can withdraw the funds from your Upwork account to Payoneer and ultimately get it to your bank account in India.

The withdrawal in Upwork for the newly added Payoneer USD account is the same.

Withdraw Upwork to Payoneer

Click Get Paid Now, and Upwork processes your withdrawal request. You are saving withdraws fee of $0.99 to an Indian bank account.

Withdraw Upwork to Payoneer Confirmation

Soon you will also get a confirmation email for the confirmation of the withdrawal request.

Withdraw Confirmation from Upwork

Now, wait for a day or two, and you will get the email about the payment from Payoneer.

Payoneer Email for Upwork Payment

Once the Payoneer team reviews the amount, you will get a second email for the amount being withdrawn and being credited to your Indian bank account.

Payoneer Withdrawal Email for Upwork Payment

There is nothing you need to do. The automatic withdrawal request will be processed, and the amount will soon hit your bank account.

Payoneer to SBI Bank Account

The forex rate on 22nd May as in Payoneer was 74.22. If I check the same on Upwork, it is 74.14.

Upwork Forex Rate

The forex rates of Payoneer and Upwork are almost the same. We only save on the withdrawal fees. So it doesn’t make much sense to be using Payoneer for Upwork. However, if we use PingPongX for Upwork, one can save a lot more on the Forex rates.

You are Here: Home / Freelancing / How to Add Payoneer Account to Indian Upwork Account?

About Shabbir Bhimani

Blogging Since 2009. If I can leave my high paying C# job in an MNC in the midst of global financial crisis of 2008, anybody can do it. @BizTips I guide programmers and developers to Start and Grow an Online Business. Read more about me here.

May I help You With ...

Upwork Proposal
Finding Clients
Start a Store
Start a Blog
 

Or Help Yourself ..

Primary Sidebar

About Shabbir Bhimani

Blogging Since 2009. If I can leave my high paying C# job in an MNC in the midst of global financial crisis of 2008, anybody can do it. @BizTips I guide programmers and developers to Start and Grow an Online Business.

Get in touch with me on LinkedIn or read more about me here.

Let me Guide You to Start and Grow your Online Business

Download my
FREE eBook NOW
to win more clients.
And it is not an annoying pop-up either

Additional menu

  • Twitter
  • Linkedin

BizTips

Shabbir Bhimani: Start and Grow an Online Business

  • Freelancers Start Here
  • Start An eCommerce Store
  • Start A Blog
  • About
  • Archive
  • Disclaimer
  • Contact
  • Glossary

2009 - 2025 All my content & images are licensed as Creative Commons.

WebTurtles LLP. LLPIN: AAL-5288. Hosted with Linode.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT