Evidently, the desire to have a reputable payment solution is what everyone craves for, and that’s what Payoneer has achieved in the last few years.
I heard and read a lot about Payoneer, I was still really skeptical about how the program works but after 8-years of great service delivering, I couldn’t deny the importance of their great payment solutions.
Payoneer offers payment solutions to companies all over the world and the most exciting part of this system lies on its flexibility. In terms of security, they have got that locked-down as well. So whatever your needs are in relation to a global payment option, Payoneer looks like an automatic favorite to fit into that role.
Payoneer global payment solutions offers a legion of options and they include;
Bank Transfers
With Payoneer payment solutions you can transfer funds directly to payee bank accounts. Payoneer Global bank transfer can be achieved via local bank transfer, wire transfer or US ACH and it is available in over 200 countries and equally processes over 50 currencies.
Payoneer prepaid MasterCard card
This looks great, I mean, it’s fantastic and flexible. Once you have your account approved by the Payoneer team, your card would be processed and sent to you. So if you are an Amazon Associate living outside of the US, this becomes your best friend as you don’t have to wait for cheques and wait more days or even weeks to have it cleared in your local bank account.
Once your account is approved, Payoneer provides you with a US checking account; this you would update in your Amazon Associate payment profile. Amazon sends a direct payment to your checking account and you withdraw your money via any ATM worldwide that has the MasterCard Logo. It couldn’t be less easy. This is the same for any merchant that works with Payoneer and I will highlight these companies as you continue reading.
Local eWallets
For now, Payoneer payment solutions only works with WebMoney but there is assurance that more eWallets will join the system. They also offer International checks and it’s available globally.
Getting Approved
Unlike a few payment solutions that don’t care about security but the money, Payoneer is more interested in making their system secure. So you will need to supply the team with your Government ID’s and Utility bill which confirms your address.
If everything goes well, you would get a mail within 24-hours indicating your status. If approved, your Payoneer MasterCard would be processed and sent to you via a regular mail. This usually takes less than 4-weeks. Once you have it, you will need to confirm your MasterCard on your Payoneer account platform to activate the card. You need to be 18 years or above to be an eligible applicant.
Charges
Getting an account on Payoneer is completely free but ofcourse, Payoneer isn’t a charity organization and so, they do have some charges to help you effectively maintain your account.
Anytime your account is funded, Payoneer deducts a onetime activation fee of $6.95, a monthly maintenance fee of $3 and ATM’s withdrawal fee of $3.15. These are the important fees but a complete list of fees and pricing will be displayed during your card application process.
Who Can Fund My Payoneer Account?
The list is pretty huge and new companies are being added at various interval. You can always check if a company you work with is a Payoneer partner at anytime. However, these are the list of the most popular partners;
- Google Inc
- Keynetics Inc. (Click Bank)
- Linkshare
- oDesk
- Microsoft Corporation
- ShareASale.com
- Fiverr
- 2Checkout.com
- Amazon.com
- Amway Corporation
- Elance
- GoDaddy.com
- PayPal
Note: You can transfer money from PayPal to Payoneer but transferring funds from your Payoneer account to PayPal is impossible.
Verdict
Payoneer looks really incredible and their legitimacy can no longer be questioned. One of the best things I love about the company is their Live Support. Anytime you are confused about an issue, the support system is always available; I have never used the Live Support without speaking with a representative, and their professionalism in dealing with you is completely impressive.
At the time of writing this review, a very exciting program by Payoneer is still effective. The first link at the beginning of this article takes you directly to Payoneer and you could register, but if you use my referral link to register, you would get a free $25 and I will equally get a free $25 once your account crosses $100 threshold. You like the deal? Okay, quickly use my affiliate link to create an account. If you are already a Payoneer user, you are not eligible for this free gift. Well, that’s about it, thanks for using my referral link, if you didn’t use it, thank you too.
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6 Comments
Emmanuel
It’s really interesting. With paypal not supported in most African countries, I guess the only option left with most of us is Payoneer.
somon
In fact Payoneer solved lots of big issues that we are facing regularly. Particularly for those who don’t have PayPal in their countries. Payoneer and 2checkout are truly a tremendous combination for selling products via online.
Andy
I have had two cheques from my clients
which were declined by Global Payments Canada on a vague pretext. Not sure how
they function? They are not very transparent in their dealings and are not
willing to address the issue either. I don’t think anybody will like to work
with them after reading this review.
suleyman ahmed
I want to get paid from amazon,2ckeckout,fiverr and oDesk globally as my funding source and payment methods but until now i coudn’t to do that so please today i have full confidence to do that.
William M.
Yes Nosa, I’d definitely say Payoneer is the way to go. I have a very good experience with them and I can honestly recommend it to everyone.
Shashi
Payonner exchange rate sucks for India,
check http://community.payoneer.com/discussion/24402/very-low-exchange-rate-used-to-transfer-my-latest-payment?new=1
Maybe they will delete the topic so this is my post over there.
HI
I recently asked the payment from fiverr and got very less exchange rate and I asked them in support and got their reply as
“The Global Bank Transfer fee in your local currency is $3 per transfer.
The currency exchange rate is 2.75% above mid-market rate at payment transfer time.”
Pretty unprofessional and they did not understand my query.
That day exchange rate was 1 US Dollar = 61.94 Indian Rupee
http://prntscr.com/5c6bom
Payment Amount: $1041.00
Transfer Fee: $3.00
Amount Transferred: 55227.28 INR
Proof: http://prntscr.com/5cprzx
This is no where make near the exchange rate.
$1041.00 – $3 = $1038
55227.28/1038 makes 53.20 INR per US dollar?
SO AVOID PAYONEER.