If you are among the folks owning Payoneer mastercard, you would’ve noticed that its even more difficult to fund Payoneer Prepaid MasterCard as payoneer has no direct funding method neither can you deposit money to your payoneer mastercard using bank account. You may be searching all over the net for how to transfer money to Payoneer Master Card with no answer. That is a big challenge facing people using payoneer debit card, right! And I bet you cannot find payoneer mastercard direct funding tips even if you search the web till next year! To make matter worst, you have come to conclude that it’s impossible to transfer money to Payoneer Cards directly.
You will agree with me that the only known method of putting money into payoneer master card is by earning money through the payoneer partner that offered you the card and have the partner pay you using the payoneer card, like freelancer, infolinks, friendfinder and so on. Now, what if you couldn’t make money from the payoneer partner for the next 6 months? That means your payoneer card will be lying domant and wasting away.
Enough of that talks…
Lets now find a way we can fund payoneer mastercard within 2 hours.This is the same method I have been using to deposit money to my payoneer debit card for the past 1 year. Hope you’re interested?
Unbelievable! Ok, I can prove to you that funding payoneer card is not as difficult as you think. If you wanna learn how, then continue, make sure you read, understand and follow everything I put down in this post, otherwise, just close the page and continue searching after all, google search is free to use.
This post is for those already own payoneer mastercard debit card but are unable to fund their cards. If you are looking for how to get payoneer mastercard debit card for online payments, atm cash withdrawals and other purposes, I suggest you read the post I made on How I Got Payoneer MasterCard and following the tips to obtain your own payoneer mastercard, then come back and continue with this post…
How to fund payoneer mastercard debit card.
To deposit money to payoneer mastercard, you need the following tools.
Why do you need all three?
#1. You need existing Payoneer mastercard cos that is the mastercard we will deposit money into. Without you having existing payoneer card, there will be no card to be funded.
#2. You also need instaforex trading account cos they are one of the payoneer partners that pay you money through payoneer mastercard. And that is what we will be using for this transaction.
As we all know: you can not apply for payoneer card directly, you must go through one of their partners. While there are other partners, I prefer instaforex cos of its flexibility. They allow you to use various payment proccessors to make deposit and withdraw money from your forex trading account.
PS: You need instaforex live trading account for the funding ONLY, it does not matter whether you trade forex or not, just register a forex trading account with them. Instaforex allows you to deposit money in your account and withdraw your money even WITHOUT TRADING FOREX, therefore we will be using instaforex to fund payoneer master card.
#3. Liberty Reserve Account: we shall be using this to transfer money to instaforex account. Even though there are many instaforex accredited partners that fund instaforex account, I recommend using liberty reserve to fund instaforex account because, if you choose to use instaforex agents, the agent will lock your forex account to their service and by so doing, you won’t be able to fund or withdraw money from your account using any other means order than that particular agent. You know what that mean? They may decide to sell $$$ to you at any rate they like and buy yours at any rate they like and you have no choice than to accept whatever they offer you cos you are limited. But by using liberty reserve, you are free to choose and use any liberty reserve exchanger you feel their funding rate is reasonable and buys your $$ at a reasonable rate also. So, go to www.libertyreserve.com and create account with them and fund the account using any liberty reserve accredited exchanger. Make sure you fund your liberty reserve account with $60 minimum
Now that you have the above three tools in place. Lets now go into the Funding of Payoneer prepaid MasterCard proper!
Go to Instaforex and create a live forex account.
Login to your forex account using your account details (account id & password).
On your account left hand side bar are list of different types of tools and services available for your usage. So from the side bar locate the following functions under Financial operations and click on instaforex mastercard
- Deposit money
- Money withdrawal
- Payment notification
Proceed to card sign up page and follow the card sign up process as you did when you signed up for your payoneer mastercard at first.
Accept the $15 card fees by checking the box provided (you will not be charged cos you already have a payoneer card).
You are now redirected to payoneer mastercard sign up page “see picture below”.
In this page, look up above the picture by the right hand side, you will see a box with option asking if you already own a payoneer card.
Click on it and fill the form with your details such as Username, Password, Date of birth, Card number and anti spam verification code. and proceed. From here your existing payoneer mastercard will be linked to two partner accounts: The partner you registered the card with and instaforex partner (which you just linked now).
The next thing we will look into now is how to deposit money into your instaforex account using Liberty Reserve or any of the instaforex accredited partners…
How To Fund Payoneer MasterCard (Proper Funding)
By now, I believe you have opened a forex account with InstaForex – Deposited money using liberty reserve or other agents – Linked your InstaForex account with your payoneer mastercard and so on…so you are ready for funding your mastercard!
Back to instaforex account Like I said earlier, this is what we will use to deposit money into payoneer mastercard. So login to InstaForex using your account details as at first.
Go to left hand side and look for Financial operations. Click on deposit money.
- Money withdrawal
- Payment notification
- InstaForex MasterCard
On the account funding page choose Liberty Reserve (if you have not deposited money into your forex trading account).
Transfer funds via Liberty Reserve system
System commission charged, instant enrollment.
You must have some money in your liberty reserve account, I recommend minimum of $60 USD.
Once you are redirected to liberty reserve payment portal, login with your details and transfer the desired amount to your instaforex account.
Now, click on “return to partner” to go back to your instaforex account.
The transfered amount is expected to reflect in your account immediately.
Once the money is deposited to your forex account, proceed to next thing “funding payoneer prepaid master card”
From the left side bar of your account, Locate “financial services” again and click on “Deposit Money“.
In the next page choose Payment via InstaForex Debit Card (you will not be charged but payoneer will charge you $2 funding fee for normal funding within 4 business days or $4 for instant funding within 2 hours).
Payment via InstaForex Debit Card
No charge. Processing can take up to 24 hours.
In next page, enter your trading account number, the amount to deposit to the card and your card id. e.g:
*Sum in account currency
Preview and verify your order and continue
Once the money is sent to payoneer, you will have to receive the money else it may be canceled after a long period of time. Don’t worry cos payoneer team will send you a notification email informing you that a deposit has been made to your card, you will then be required to accept or reject the deposit. They will advise you on what to do next to receive the money.
You will be given two options to receive the money.
- Instant funding – This method is faster though cos a little sum of money. If you choose this method (which I recommend) your money will be deposited to your card within 2 hours for a fee of $4 USD.
- Normal funding – With this method, your money will be deposited to your card within 4 business days, it can take upto 4 working days or less depending.
Note: The minimum amount to transfer to payoneer prepaid mastercard using instaforex is $50, from the $50 USD, transfer charges of $2 or $4 will be deducted while the remaining money will be deposited to your account. The transfer chargers for $50 USD will not exceed $6 USD whether you choose instant daposit or not.
Now that you have successfully transfered money to your payoneer mastercard debit card, the next is spending the money. You can use the card to buy anything online, at POS or withdraw cash from ATM anywhere you see mastercard logo worldwide.
That is how to fund payoneer prepaid mastercard using libert reserve and instaforex accounts. And its the same method I’ve been using to fund mine