South African authors have drawn a short straw from Amazon for years as we have been unable to link a bank account for royalty payments. But we have found a solution thanks to our publishing partner Clare-Rose Julius of Booklingo. Here is a step by step process for the author to open an account with a credit card facility for authors to receive direct payments from International sources.
So, you’ve got started with your online journey and have already signed up on different marketplaces and e-platforms. And now you would like to have to withdraw your hard-earned cash, right? We have found this system you can link. Once the money reaches a certain threshold you can transfer it back into your local bank account.
Or you can request for a Mastercard credit card to be posted (which I do not advise with our poor postal services) or couriered. There's a small fee for the courier charge, but once you have the card you can draw money from the ATM or use the card to pay other bills.
What is Payoneer?
Payoneer is an international payment gateway that will offer you a debit master card to withdraw your earnings from anywhere in the world. It will also give you an opportunity to link your Payoneer card to your local bank account, meaning you can withdraw your money directly from any bank in South Africa. The debit master card that Payoneer will give you can be used to:
1. Purchase anything from online
2. Place Advertisements on Facebook
3. Collect payments from foreign clients
Please read the below instructions and follow the steps in opening an account with Payoneer.
SIGN UP HERE
Before I explain further, there are two things you need to know about Payoneer. Each person is only allowed to enroll one time only. You do not need to make more than one Payoneer account.
When you have successfully enrolled in Payoneer, then you will get one card known as Payoneer Prepaid MasterCard. This card will be sent free of charge to you according to the shipping address that you entered in the registration form Payoneer. I would advise to rather select delivery via DHL which will cost you $25. Due to our poor South African postal services many of my authors are yet to receive their cards. The card is essential to activate and link the account with your South African bank.
This card can also be used for shopping or cash withdrawals at all ATM machines bearing the MasterCard worldwide. Interesting right?
Let's get you started!!!
Please open Payoneer website here and click on Sign Up to register yourself. Register as an INDIVIDUAL as the other ones require a company registration and it does not accept SA ones.
Fill in your personal information, such as First Name, Last Name, Email Valid you and your Date of Birth (personal data shall be in accordance with the identity of your ID card). Then click the Next button to continue.
Your address data content. Make sure this is the same as your Amazon one. This address is customised to your KTP identity. When finished, click the Next button to continue.
The next step is to fill in your password. This password is the password to access your Payoneer account later. This password is at least 7 characters, contains at least one letter and one number. Then fill the Security Question for the security of your information. Then click Next.
Here, you are allowed to choose the Type of Government ID, such as Driving License (SIM), National ID (KTP), or Passport. Which should be chosen? I advise you to use the National ID (KTP).
Once your application is processed you ca apply for your Prepaid MasterCard. Follow all the recommended steps.
Then scroll down, you'll find the Shipping Address
If you want to write the Shipping Address / Mailing Address is different from the address ID, please mark the "Enter Alternate Shipping Address". Or skip this section if you are mailing you at the address on your ID card.
Good Shipping Address or address that you have previously input should be as clear and complete as possible, because this address will be used for the delivery of Payoneer Mastercard Prepaid Card.
I would advise to rather select delivery via DHL which will cost you $25. Due to our poor South African postal services, many of my authors are yet to receive their cards. The card is essential to activate and link the account with your South African bank.
Mark 3 parts (I Agree ...) stating that you agree with the rules Payoneer.
After you click the ORDER button, it will appear as below.
There is one more thing you need to do is to open your email that has been registered previously. Then you need to click the COMPLETE REGISTRATION button in the email.
Thereafter, you will get a notification email from Payoneer stating that you have completed the steps Payoneer account registration.
Remember: when you create Payoneer account, then you will get a Payoneer Prepaid MasterCard (Debit cards) that can be used for shopping or pull cash at any ATM machine MasterCard logo worldwide.
Up here you have completed your part. Wait a few days later (even less than 24 hours), you will receive email notifications back containing that filing your registration has been approved, then the Payoneer Prepaid MasterCard ready to be sent to your address.
You will receive a letter containing the card from Payoneer Prepaid MasterCard from Payoneer. Immediately activate your card before you use it.
Claire-Rose Julius is a publisher who supports authors to get their books published under her company BookLingo. You can contact her via email here