Using a Payoneer account to receive payments

[mdhw]

Hi,

I see this question getting asked numerous times, but I am still a little confused, as I see Payoneer sometimes mentioned in the context of a payment gateway, which I believe they can also do.

However, I am only interested to know whether I can use a Payoneer account to receive payments in the US from a Shopify store I set up, regardless of the payment gateway I use.

I am residing outside of the US, but plan on selling products in the US with a Shopify store, and receive payments for those sales into my Payoneer account.

Is this possible, or is there something I am missing?

The other option I am looking at is registering an LLC in the US as a foreign resident, and using that to create a business bank account.

Will the Payoneer option work, however?

Thanks and Regards,

Martin

[Bundler-Manuel]

Hey there @mdhw  I believe that the Payoneer option should work as it’s the payment I myself use and it’s quite seamless but I suggest getting in touch with a representative on their side just to confirm and know any necessary details or changes you’d need to incorporate into your store for it.

[mdhw]

@Bundler-Manuel Thanks for the info! That is good to know. On a lot of discussions, I see people talking about Payoneer, but then it's about using Payoneer as a payment gateway, which is not what I think I need; I just want to receive payments into a Payoneer bank account.

[mdhw]

Just out of interest: are you also based outside of the US?

My challenge is that I want to sell in the US, but am not based in the US myself (non-US resident).

In order for me to do that, I need to have a US address for the location I am selling from, in order to use a US payment gateway and sell in USD.

For this purpose, I wonder whether I can just use the Payoneer address provided with the US bank account, or would that cause problems further down the line?

[mdhw]

Thanks for the info and the offer to assist! I am trying to set up a print-on-demand store with Printful as the supplier. The problem is, without a valid US address, it seems I cannot set up a payment provider in the US, or switch the currency to USD. I'm still looking into options like forming an LLC, but that's quite a lot of up-front costs for just starting out.