A lot of people in Nigeria use Payoneer and would want to know the Payoneer exchange rate in Nigeria. I would be writing on that.
As a blogger, freelancer (Fiverr) or as a Nigerian who works online and gets paid, you can use Payoneer to receive payments.
There are so many things you cannot do online, due to Nigeria’s bad reputation as a country filled with scammers. One of those things is easily getting paid online but with Payoneer, everything is easier thus resulting in people searching for Payoneer exchange rate in Nigeria.
How to Open a Payoneer Account
You might have been hearing about Payoneer and have fully decided to take that bold step in creating a Payoneer account of your own. If you are interested in opening or creating a Payoneer account of your own, not to worry as I have prepared a separate post for those who want to open an account. You can read it up HERE.
What is the Payoneer Exchange Rate in Nigeria?
The current “US Payment” system that Payoneer operates allows you to receive payments in USD from American companies. Just imagine how lovely is that. You can get paid as if you have a US Bank account while in Nigeria.
Not only the US alone. The same applies to the European Union (Great Britain, Spain etc). It would seem like you have a European account. Just how lovely is that? You would be able to get paid easily by European companies.
Some of the benefits of having a Payoneer MasterCard as a blogger (for me) is that I can use it run ads on Instagram, Facebook or Google. I can also use it pay for my domain name, SSL certificate and so many others. The MasterCard makes everything easier for me to make international transactions from the comfort of my house.
The Payoneer exchange rate in Nigeria is actually determined by the Bank whose ATM Machine you made use of in withdrawing your Payoneer funds. This, therefore, might vary across banks as the dollar rates by Nigerians banks are totally different from one another.
If I write the current charge of Payoneer right now, it might change tomorrow or next tomorrow. But if your Payoneer funds are in dollars, it would move with the US Dollar (USD) but to get the correct exchange rate, it would be better to visit their official website.