Step-by-Step Guide to Making VAT Payments from Your Payoneer Account

Are you a cross-border seller or merchant selling to customers in the EU, UK and abroad?.. You must have likely heard about the on-going VAT crack-down on sellers.

Sellers that reach certain threshold in sales may owe value added tax (VAT) to local European governments.

Payoneer has now made it easier than ever for sellers to settle their VAT obligations to the European authorities. Merchants can now easily pay their VATs directly from within their account pages, with no transfer fee!

* Also Read » Is Payoneer a Good Alternative to PayPal ?..

The step-by-step guide to making VAT payments from your Payoneer account.

Below are instructions for paying through your account:

1. Sign in to your ►Payoneer Account (Sign Up FREE)..
Under the 'Pay' tab, select 'Pay Your VAT'.

2. After selecting 'Pay Your VAT', you will be redirected to the VAT payment platform. Select the country of the VAT authority you would like to pay to.

3. 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.

4. Enter the Amount you would like to pay in VAT. Your available Payoneer currency balance will be displayed..

5. Enter your VAT registration number.
*If you are paying to the UK, Payoneer will automatically provide the VAT authority bank account details for you..
*If you are paying to a different country (not the UK), you will need to provide the Account Number (IBAN) of the appropriate government tax account in that country..

6 Once you fill out the IBAN, the Bank Identifier Code (BIC) and Account Name will load automatically..
Once the IBAN is entered, the remaining details will be automatically populated.

7. Once done, click on Review.
Review the VAT payment details before submitting for payment.

8. Once you've reviewed the details, if all looks good, click Pay. That's it! You can then Download or Print summary and confirmation of your VAT payment for your records... Read More → VAT Payment from Payoneer