Payoneer Payroll Setup
Hubstaff supports automatic and manual payments through Payoneer. Payoneer provides companies, corporations and marketplaces with cross-border payment needs, to transfer funds to large numbers of beneficiaries in more than 200 countries, in 150+ currencies. This guide is for organization owners looking to connect their Payoneer accounts to pay their team. If you are a user and want to connect your Payoneer account to get paid, please see this guide.
Please read these important steps first – they are required in order to make payments through Payoneer.
- Create a Payoneer account through our partner link.
- Once Payoneer creates the account, save your account information. (The registration process can take up to a few days.)
- Add funds (USD) to your account balance.
- The minimum monthly payment requirement for Payoneer is $30,000.
Now that you have a Payoneer account, follow the steps below:
First, make sure that you have selected the right organization on the top right corner of the page. Click on Payments on the sidebar menu, then click Payroll and then Add payment account.
You will see a popup where you can select Payoneer:
Click Payoneer, and you will be able to enter your Payoneer Partner ID, Username, API Password, and Program ID:
You can find your Partner ID in your Payoneer account on the upper-right hand corner, just above your company name.
To get your API Password, email firstname.lastname@example.org and be sure to let them know that:
- You’re a Hubstaff customer.
- You need the API calls enabled for your Payoneer account.
- You need to know your API Password.
Your Program ID will be emailed to you by Payoneer when you finish filling out the form.
Once you’ve filled out all the fields, click the Connect button to authenticate your account. You will now see your Payoneer account listed under your payment accounts.
You can now click back to your organization to add your team members – just click on the Organization button on the left-hand side of the same screen:
Back at your organization page, click on the Payroll on the submenu again and you will now see the option to Add Member to Payroll:
Click that, and you can choose between the different payroll options. Click Setup next to Payoneer and you will be able to choose a team member from the drop down list:
Click Connect and the team member will receive an email letting them know they need to add their Payoneer credentials. Until the team member adds their Payoneer credentials, they will show as pending in your team member list:
Once the team member has added their credentials, you will be able to enable them for Automatic or Manual payments through Payoneer.
Adding funds to your Payoneer account
In order to disburse payments, you will need to fund your account. This can be done by sending a wire transfer to Payoneer from your bank account or by funding your Payoneer account with your debit or credit card.
To fund your Payoneer account by transfer from a US Bank account:
- Select “Fund via US Bank Transfer” from the “Payments” menu
- Enter the last 4 digits of your account at Payoneer
- Enter the amount in USD that you wish to transfer
- Click on the “CONTINUE” button
To send a wire transfer to Payoneer, you will need to use the account funding details received from our Account Management Department when your partner account was enabled. If you no longer have the account funding details, please contact the Payoneer Account Management Department at email@example.com
You can use Payoneer’s Notification Alert (under Advanced Settings) for a minimum balance threshold.
For frequently asked questions regarding our payroll feature, please refer here.