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Nigerian online entrepreneurs have recognized the advantages of redirecting their Adsense earnings to Payoneer rather than traditional Nigerian bank accounts.
Despite being a reliable income source, Google Adsense users often face challenges in receiving the complete value of their earned dollars, prompting a shift towards alternative withdrawal methods.
In Nigeria, Adsense earnings can be withdrawn either to a Domiciliary Account or a local bank account in Naira. However, both options present their own set of issues.
Domiciliary Accounts require a minimum balance of $100, limiting potential investment opportunities, while local bank withdrawals may result in unfavorable exchange rates and additional fees imposed by banks.
Acknowledging these challenges, many Nigerian Adsense publishers are increasingly turning to Payoneer for a more versatile and advantageous withdrawal experience.
Benefits of Payoneer
1. Withdraw Earnings Incrementally: Withdraw your Adsense earnings in smaller, more manageable increments to your Nigerian account.
2. Cryptocurrency Purchases: Utilize your dollars to invest in cryptocurrencies.
3. Payments on Restricted Websites: Make purchases on websites banned by Nigerian banks without limitations.
4. Secure Dollar Storage: Safely store your dollars beyond the reach of Nigerian government regulations.
5. Lower Transaction Costs: Enjoy reduced transaction costs for online payments and purchases.
6. Hassle-Free International Transfers: Easily send money abroad without the burden of bank wire fees.
To facilitate Adsense withdrawal to Payoneer, ensure that your Adsense address corresponds to the country of your Payoneer account and is verified by Adsense. Payoneer receiving accounts for Nigerians are available in USD, EUR, and GBP.
Setting up a Foreign Verified Adsense Account
Setting up a foreign-verified Adsense account involves the input and verification of a foreign address. For those unable to complete this process, an alternative solution is purchasing a verified Adsense account in the U.S, U.K, or Europe and adjusting the name to match your Payoneer account.
Timely modifications to the name should be made before the 20th of the month for seamless withdrawals.
By following these outlined steps, you can enhance your Adsense earnings experience, gaining greater control over your funds and access to a diverse range of spending and investment opportunities.
After you set up a foreign Adsense account and make sure the address is confirmed and matches your Payoneer account's name, you can begin taking out your Adsense earnings to your Payoneer account.
But before that, you need to enter your Payoneer bank account information into your Adsense payment settings.
Setting Up Your Payoneer Receiving Bank Account for Adsense Payments
If you haven't created a receiving bank account on Payoneer, don't worry! You can easily request one by following these simple steps.
To get the info you need for your Adsense Payment settings, go to your Payoneer account's main page and click on Receive, then select Global Payment Service from the options.
See steps and demographics below
1. Visit Your Payoneer Account Home Page:
Go to your Payoneer account's main page.
2. Navigate to 'Receive' and Select 'Global Payment Service':
Click on the 'Receive' option and choose 'Global Payment Service' from the menu.
3. Find the 'REQUEST NOW' Button:
Scroll down to the bottom of the page, where you'll see a button that says 'REQUEST NOW.'
4. Click 'REQUEST NOW' to Get Your Receiving Bank Account:
Simply click the 'REQUEST NOW' button, and Payoneer will guide you through the process of getting your receiving bank account.
You’ll be redirected to a page with all your receiving bank accounts.
It might take up to 48 hours to set up and approve your Payoneer receiving account.
After approval, you can copy the bank account details into your Adsense payment settings and save them. Then, you're all set to begin withdrawing from Adsense to your Payoneer account.
How to withdraw from Adsense with Payoneer in Nigeria
Steps to Set Up Your Payment Method:
1. Sign in to your AdSense or AdSense for YouTube account.
2. Click on "Payments," then select "Payments info."
3. Choose "Add payment method."
4. In the "Add a payment method" section, provide your bank account information.
Enter your Payoneer account details correctly.
5. If you wish for this to be your primary payment method, check the "Set as primary payment method" box.
6. Click "Save."
Following these steps will help you easily configure your preferred form of payment in your AdSense account with Payoneer and start receiving payment from Adsense without any issue in Nigeria.
Conclusion
If you're in Nigeria and want to take out the money you earned from ads on AdSense using Payoneer, it's easy to do. First, log in to your AdSense or AdSense for YouTube account.
Then go to the "Payments" section and choose "Payments info." Next, follow the steps to add Payoneer as your way to get paid, and make sure to put in the correct details for your Payoneer account.
If you want Payoneer to be your main way to get paid, just check the box that says "Set as primary payment method." After you've made your choices, click "Save" to keep the changes.
This simple guide not only helps you set everything up easily, but also lets you easily get the money you made from AdSense using your Payoneer account in Nigeria. It's a convenient way to do it and makes taking out your earnings a lot easier.