How to Set up Two-factor Authentication on Payoneer Account

It’s important to keep your Payoneer account secure at all times, as your Payoneer payment details may have far-reaching consequences. A password isn’t enough to keep it 100% secure. Here’s how to set up Payoneer two-factor authentication (2FA), and why it’s useful to arrange.

Importance of Payoneer two-factor authentication?

Your Payoneer account contains a lot of valuable information. Keeping all that information in one place is useful for you, but potentially dangerous, too. If a hacker is able to bypass your password, they can gain access to a lot of important information as well as your identity.

Two-factor authentication requires you to have access to a physical device like your smartphone, as well as have your virtual password, making it much harder for anyone to access your Payoneer account.

How Payoneer two-factor Authentication works

Payoneer two-factor authentication adds an extra layer of security by requiring you to have both your password and a special security key to access your Payoneer account. Typically, this involves Payoneer sending you a verification code that’s unique to your account via text, voice call, or via the Google Authenticator app. Each code is only usable once and expires within minutes, so it’s very secure.

How to turn on Payoneer 2-step verification

It only takes a few minutes to set up Payoneer 2FA.

Login to your Payoneer account and select your profile picture or icon.

Step 1. Select Manage Your Payoneer Account.

Step 2. Select Security from the left pane.

Step 3. Select 2-Step Verification.

Step 4. The next screen explains 2-Step Verification. Select Get Started.

Step 5. Enter your password and select Next.

Step 6. Enter your phone number, choose whether to receive codes via text messages or phone call, then select Next.

If you want to use a different option, such as a physical security key or Payoneer prompt on your phone, select Choose another option, then select it from the list.

Step 7. Enter the verification code, then select Next.

Step 8. Select Turn On to activate Payoneer 2-step authentication.

How to turn off Payoneer two-factor authentication

We don’t recommend disabling Payoneer 2-step verification, but for those times when you need to, here’s how.

Step 1. Login to your Payoneer account and select your profile picture or icon.

Step 2. Select Manage Your Payoneer Account.

Step 3. Select Security.

Step 4. Scroll down to 2-step verification and sign in if prompted. Respond to whichever method of 2-Step Verification you have activated.

Step 5. Select Turn Off.

Payoneer shows a warning message asking you to confirm that you really want to disable 2-step verification. If you’re sure, select Turn Off.