Payoneer Review
Payoneer was founded in 2005 and it is a leading global payment company that provides cost effective payment solutions for independent workers and affiliates in more than 200 countries worldwide. Cardholders will be able to receive funds immediately without hassles and they can withdraw money anywhere in the world where MasterCard is accepted. Unlike traditional payment methods – No credit or bank account history is required to apply.
- Deposits to local banks worldwide
- Prepaid Debit cards
- Wire transfers
- Global and local e-wallets
- Local-currency paper checks.
Who will benefit?
Payoneer’s private label debit cards enable freelancers, vendors, affiliates and publishers to receive their payouts and commissions immediately.
Affiliate commissions are usually paid out through checks, PayPal and
international wire transfers. For these types of payments the recipient
is required to have a bank account, and transfers can take anything from
a few days up to weeks to complete. With Payoneer transfers are quick
and usually payments are available within 24 hours. If you are tired of waiting for days or even weeks to get your hard-earned money, then this payment processor will work for you.
The safe, efficient and cost-saving solution is an alternative for web-based businesses that require affiliate payments.
Who can apply?
An applicant that is over the age of 18 can apply. If you are an affiliate or vendor the Payoneer will work perfectly, but obviously, everyone who needs a safe online payment system is welcome to apply.
Why use Payoneer?
Secure – Payoneer is constantly improving their technology to ensure customer privacy and authentication. They comply with all applicable online payment regulations.
Safe – You will receive a replacement card and your balance will be transferred if your card had been lost.
Flexible – Payoneer offers scalable and customizable options for everyone. I allow others to load money onto your card and enable you to make fast bank transfers with the Global Bank Transfer Service.
Currency – No need to convert funds to your local currency. MasterCard automatically makes the conversion at competitive rates.
Easy to use – The Payoneer online banking platform is easy to use without too much technicalities.
Cost-effective – You will be able to avoid fees that are associated with sending money abroad. Payoneer have low monthly fees.
Financial Responsible – You will only spend the amount that is loaded on the card because it is a debit card, not a credit card. This will allow you to manage your budget responsibly.
Award-Winning – Payoneer had won the “Best business to employee payment” award at the Pay Before Awards 2010
How long does it take to receive the Card?
As
soon as your application is approved, you will receive a confirmation
e-mail that includes the estimated arrival date. I received my card
about 2 weeks after approval, but I think that it depends all on where
you are located. Cards are shipped with the standard international mail
service – free of charge. What are the costs?
A full list of fees and pricing will be displayed during your card application process. You do not need to maintain a minimum balance on your card and it can be cancelled at any time.
- Balance inquiry fee - $1
- Withdrawal fees from ATM’s - $3.15
Which Companies will I be able to receive funds from?
The list is huge but I will mention some of the most popular companies that work with Payoneer:
- 2Checkout.com Inc.
- Amazon.com
- Amway Corporation
- Elance
- GoDaddy.com
- Google Inc
- Keynetics Inc. (Click Bank)
- Linkshare
- oDesk
- Microsoft Corporation
- ShareASale.com
- Fiverr
- PayPal Inc. (Important Note: Transfers from PayPal to Payoneer are allowed, but transfers from the US Payment Service to PayPal are automatically declined)
Highlights
- You will be able to reach countries that other payment services do not cover.
- Get payments from multiple affiliate networks that offer Payoneer as a payment processor.
- No bank account is required
- Your account is held in US Dollars and will convert automatically when purchases are made in another currency.
- Verify Moneybookers, Payza and PayPal with the Payoneer Card
- Payments are available within 2 – 6 hours
- You will have access to your account page and will be able to check balances and transactions at any time
- Telephone, email and live chat support.
- $25 will be added to your Payoneer account when you receive or transfer over $100 in earnings to your card.
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