How to pay VAT from your Payoneer balance with no transfer fees!

Editorโ€™s note: The original post was updated on 29.09.21 for accuracy and comprehensiveness.ย  If youโ€™re a cross-border seller selling to customers in the EU and UK, youโ€™ve likely heard about theย recent VAT crack-down on foreign Amazon sellers. Sellers reaching a certain threshold in sales to these markets may owe value added tax (VAT) to the…

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Payoneer Team

Editorโ€™s note: The original post was updated on 29.09.21 for accuracy and comprehensiveness.ย  If youโ€™re a cross-border seller selling to customers in the EU and UK, youโ€™ve likely heard about theย recent VAT crack-down on foreign Amazon sellers. Sellers reaching a certain threshold in sales to these markets may owe value added tax (VAT) to the local European governments. Payoneer has now made it easier than ever for sellers to settle their VAT obligations to the European authorities. Starting December 2017, Payoneer customers can pay their VAT directly from within their account page, with no transfer fees! Hereโ€™s a step-by-step guide to making VAT payments from your Payoneer account. You can pay your VAT directly byย clickingย here, or by logging into your Payoneer account. Below are instructions for paying through your account:
  1. Sign inย to your Payoneer account. Under the Pay tab, select Pay Your VAT.
  2. Under the Pay tab, select Pay Your VAT.
pay vat payoneer
  1. You will be redirected to the VAT payment platform. Select the country of the VAT authority you would like to pay to.
pay vat 2 Donโ€™t see the country youโ€™re looking for? Click on Other countries and search for the country you need. We may not yet support VAT payments for the country youโ€™re looking to pay to. 4. Once you have selected a country, you will be prompted to connect your Payoneer account in order to continue the process. Enter your Payoneer account username and password to proceed. pay vat 3 5. Enter the Amount you would like to pay in VAT. Your available Payoneer currency balance will be displayed below. pay vat 4
  1. Enter your VAT registration number. If you arenโ€™t sure where to find this, click on Where can I find this? * If paying to the UK, Payoneer will automatically provide the VAT authority bank account details for you. This account may be different than the account number youโ€™re familiar with, as it is the HMRC collections account for domestic wire transfers and not international ones (read more here). ** If paying to a different country (not the UK), you will need to provide the Account Number (IBAN) for the government collections account in this country. Once you fill out the IBAN, the Bank Identifier Code (BIC) and Account Name will load automatically.
Here is an example ofย a payment made to the German VAT authorities: pay vat 5 Once the IBAN is entered, the remaining details will be automatically populated. 7. Once done, click on Review. pay vat 6 8. Review the VAT payment details before submitting for payment. 9.ย Once youโ€™ve reviewed the details, if all looks good, click Pay. 10. Thatโ€™s it! You will see this authorization screen. Download or Print a summary and confirmation of your VAT payment for your records. pay vat 7 Do you have questions? Head over to our VAT FAQ ย and you may find the answer there, or get in touch with Customer Care.

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