Payoneer To Wise: The Easy Way To Link Accounts

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As you know, when you sign up for a Wise account, we ask your permission to automatically and securely transfer your payouts from Payoneer to Wise.

Many of our new users have asked us "How does this work?" and "Can I use the platform without connecting with Payoneer?" We felt it would be a good idea to put together a post that answers some of these questions.

Wise is an alternative to Payoneer, so why would I want to use Wise?

Payoneer is a wonderful platform for managing your payout structure and it has been very successful in simplifying the process of international payouts.

It can be a good choice if you only have a few regular payouts. But when your business starts to grow, and you find yourself making hundreds, thousands, or even tens of thousands of monthly payouts in many different currencies from around the world, it can quickly become too much for Payoneer to handle alone.

That is where Wise comes in! We are able to do all the same things that Payoneer can but in much larger volumes. Not only that, when you sign up with us, we are dedicated to giving your business the best possible payout service at the lowest possible cost.

That is why it is a great choice for businesses of all sizes. As usual, Wise has an amazing, easy-to-use platform so I don't have to worry about learning new things if I am already used to how Wise works.

The beauty of our head-on competition with Payoneer is that we are both working hard to give you the best possible service at the lowest price.

We are also fighting for your business through every step of our signup process, so you are always getting the best possible offer at the time when it is most convenient for you.

  1. Log in to your Wise account.
  2. Click on the 'Settings' tab, then click on 'Linked Accounts.
  3. Then find Payoneer in the list of linked accounts and click on the gear next to its name. This will bring up the payee details page where you can start linking your accounts together.
  4. On that page, you will see a space for your Payoneer login ID.
  5. Log into your Payoneer account and find the 'Settings' tab, then click on 'API'. Down at the bottom of that page will be a long string value for 'Master API key'. You should copy this entire string and paste it into the space provided in your Wise account.
  6. After that, just check the box to tell us you agree to our terms and conditions in regards to participating in this program, click the 'Save Changes' button at the bottom of the page, and you are done!

How does this affect my current Payoneer account?

They will be converting your existing Payoneer payout structure into a Wise payout structure. This means all existing payees will be using the new payout structure and when you create new payees, they will also use the Wise payout system.

This is a very exciting opportunity for us at Wise because they can now offer our users one solution for all their payout needs: local bank transfers in every country we serve; Payoneer bank transfers in any country they serve; and Payoneer cash payments in many countries, including the US!

You are always free to stay with the payout system you currently have, so there is never any pressure or obligation to switch. Many of our users choose not to connect their accounts because they already have a very good solution for managing their payouts. However, Wise does offer many more services, including better service, faster payouts, and lower fees.

Is there a fee for linking my accounts?

No. We understand that your business requires the best possible payout solution at the lowest cost possible so you can focus on building your business instead of constantly worrying about how much money is being lost in transaction fees. As always, Wise has your back!

You can connect any existing bank account, Payoneer MasterCard, or cash account. That means if you have a business MasterCard connected to your Wise or Payoneer account, you are free to link its details so that your payees can choose how they want to receive their payout.

Is there a limit to how much I can send through Wise?

No, there is no limit on the amount of money you can manage with the Wise platform or transfer to your bank account or Payoneer MasterCard. You will still be charged a commission for every payment you process, but there are no limits on the size of any of the payments.

Will I still be able to use Payoneer for my existing payees?

Yes, your payees that are connected to Payoneer will continue to use that payout service just as they do now. It is not necessary for them to switch over unless you want them to.

My current bank is part of the new payout system. Will I have to start over with a new account?

No, you can choose which bank you would like your payouts to be sent from, so there is no pressure or obligation for you to switch banks if that would not meet your current needs. You will just need to provide us with your new bank information.

What are the future plans for Wise?

We are currently working on ways to make sending money to your bank account even faster. This includes signing up with local banks in each country so that you do not have to use a 3rd party service every time you would like to transfer money into your bank account.

We are also working hard on ways to improve and simplify our cash payout services so that users can send money faster and with even lower fees.

What types of payees can I set up?

You can set up your Wise account as a manager for other contractors working with you, or just as an individual who needs to receive payments from their clients.

You can also use your Wise account to receive payments from your affiliate program referrals, or from any other person or company who needs a way to send payouts.

Do I have to turn on the direct deposit option?

No, you do not need to enable the direct deposit feature just because it is free. You can continue receiving bank transfers each time you request a payout as you do now.

What if I have more questions?

If you would like to talk directly to a Wise representative, we are always happy to help. Just email us at [email protected] and we will reply quickly with the information you need or with any follow-up questions you might have.

Or, feel free to visit us online at and we would be happy to help you through the entire sign-up process.

Yes, it is completely safe to link your Wise account with your Payoneer or bank account. All of these accounts contain personal and confidential information and we take every precaution possible to keep them safe and secure.

What are the security measures of Payoneer?

When you sign up for the Payoneer card, it is activated and ready to use within seconds. You can use your MasterCard anywhere in the world within seconds and we take every precaution possible to protect your account from fraud and unauthorized access.

What are the security measures of Wise?

We are always working hard to make sure our system is safe and secure. For this reason, we do not store any confidential bank information of our clients.

All transactions are kept completely anonymous and all withdrawals are processed through the ACH network. We also offer optional 2-factor authentication on each account for an extra layer of security.

If you have any additional questions, please feel free to contact us at [email protected] or visit our website at

How is the customer support service of Payoneer?

Payoneer is known for its fast and friendly customer support service. The company offers 24/7 online support through email, chat, and telephone.

The support staffs are also ready to answer any questions users can have about the Payoneer card, terms and conditions of using the card, and wire transfer policies and procedures.

How is the customer support service of Wise? also provides a friendly and responsive customer support service for any general inquiries regarding the company's services, policies, procedures, or any other questions users have in mind.

The support staffs are available to help customers every Tuesday from 10:00 AM EST to 5:00 PM PST through various means of contact such as live chat, email, and phone.


Thank you for taking the time to read through our article today. As you can see, linking your Wise account with your Payoneer or bank account is a quick and easy process that takes only a few moments of your valuable time.

We are happy to offer this service free of charge to all existing clients and potential new users. For any questions or concerns, please do not hesitate to contact us at [email protected] or by going online to

Michael Restiano

I lead product content strategy for SaltMoney. Additionally, I’m helping our broader team of 4 evolve into a mature content strategy practice with the right documentation and processes to deliver quality work. Prior to Instacart, I was a content strategy lead at Uber Eats and Facebook. Before that, I was a content strategist at SapientNitro, helping major Fortune 500 brands create better, more useful digital content.

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