Invoice Payment with Payoneer
Looking for an easy way to issue invoices to clients globally? Payoneer’s free invoice builder offers customizable templates for freelancers and contractors. SMBs can also benefit from fast, trackable, and affordable payment options. Read more to discover Payoneer’s comprehensive cross-border payment solutions and international invoicing.
Growing your business internationally is an important milestone but presents challenges for receiving and sending cross-border payments. For global freelancers and independent contractors, an additional consideration when billing clients internationally is issuing invoices and tracking payments. For businesses paying international suppliers of goods and services, finding the best method of paying invoices is vital to maintain ties with vendors and keep costs on international money transfers low.
Payoneer delivers invoice payment solutions that let businesses pay and get paid, quickly, easily, and from anywhere.
Requesting a Payment
Payoneer makes it easy to request payments from your clients directly from your Payoneer account. All you have to do is send a detailed payment request and, if you choose to do so, attach an invoice using the integrated free invoice builder. Your client will receive the payment request and attached invoice by email, with instructions on how to pay along with supported payment methods.
So, how do you send an invoice and request a payment with Payoneer?
If you have not used โRequest a Paymentโ before, you will be asked to provide information about your business and supply documents to confirm your identity. These steps are necessary to verify that your business is supported under our terms of service and to prevent fraud and identity theft.
Select โRequest a Paymentโ from your account menu and pick the client you are invoicing from your contacts. You can add new payers at any time.
Once you have chosen the contact you will be invoicing, you will be asked to supply additional payer details, including whether they are an individual or company and identifying information.
After entering payer details, submit payment request information:
- Payment amount
- Payment currency
- Description of services or products supplied
- Payment due date
Many countries require the provision of tax-compliant invoices with every sale. With Payoneerโs โRequest a Paymentโ function, you can create professional PDF invoices via the integrated Free Invoice Builder application. Alternatively, you can attach your own self-made invoice.
Attach a PDF of your invoice, or your own self-made invoice, to your Payoneer payment requests. Before sending, you can preview the email that will be sent to your client along with the attached invoice. In case you prefer sending your client the payment request from your own email address, at the end of the process you will also have the option of sending a link to the invoice.
Once you have looked over the email preview, click โRequest Paymentโ. Within moments your client will receive the invoice and payment details.
Once the payment is sent by the client, you will receive a confirmation email.
To keep track of your payments and for easier record keeping, you can also look up previously sent invoices and payer details through your Payoneer account management tabs.
Free Invoice Builder
Payoneerโs built-in free invoice generator includes a range of customizable templates, including localized invoices with adjustable tax rates and currencies, making this service ideal for international merchants, freelancers, and independent contractors. Templates are also available for specific industries and services, giving you a range of invoicing options and also enabling you to add payment terms and methods to the invoice itself.
From within the Free Invoice Builder application, create a free, customized international invoice. Payoneerโs integrated invoice templates include fields for the following information:
- Date of invoice issue
- Unique invoice number
- Company information
- Customer information
- Quantity and description of supplies
- Date and point of supply
- Total amount payable
- If you are registered for VAT, use an invoice template that includes fields for tax rates and values.
When you are done creating your invoice, just download it and save it to your computer.
Paying an Invoice
Paying contractors, remote employees, freelancers, suppliers, and other service providers on time and in full is integral to maintaining business ties and operational capacity. As more organizations seek outsourced suppliers and contractors, the need for secure cross-border payment solutions has increased. Banks and money transfer operators often charge high transaction and currency conversion fees and can take time to process international payments.
At Payoneer, paying international invoices is inexpensive and fast.
How do you send a payment for an invoice issued through Payoneer?
When you receive a payment request from a Payoneer customer, all you have to do is click โPay Nowโ, to be redirected to the Payoneer payment platform. If you are already a Payoneer customer, you can log in and pay off the invoice in just a few easy steps.
- Under the โActivityโ dropdown menu, select the โPayment Requests Receivedโ option.
- Select the relevant payment request and click โPayโ.
- If itโs your first time paying with Payoneer, select the preferred payment method โ credit card, local bank transfer or ACH bank debit โ and then enter your details.
- Click โPayโ and your payment will be issued.
If you still donโt have a Payoneer account for sending payments, register to benefit from low cost, transparent solutions for managing your international invoice payments and sending business payments. You will be able to send international payments to over 200 countries and territories, on your own terms.
Summary
Payoneerโs integrated free invoice builder lets freelancers and contractors issue compliant invoices for clients around the globe. With a wide range of easy-to-customize templates, including tax-compliant and industry-specific options, requesting payment for supplies or contractors is simple and transparent. Just create your invoice, download, and attach to your payment request. For SMBs receiving payment requests, paying off invoices is inexpensive, fast, and trackable.
For comprehensive cross-border payment solutions and international invoicing, Payoneer has you covered.
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