What Is Payoneer ?

Payoneer is one of the very popular online payment processor and an e-wallet service. It is also one of the best alternatives of PayPal. With Payoneer, you can send or receive funds worldwide without disclosing your financial details.

Since, it is one of the very popular payment processor, so, it is used by various online businesses, freelancers and online customers to send or receive funds to over 200 countries. You can use it on various eCommerce websites to make online purchases, or as a freelancer, you can use it to receive payments from various companies or individual clients. It is also one of the widely used payment processor by various affiliate networks and individual affiliate programs. So, if you are an affiliate marketer then it is highly recommended to have a Payoneer account.

Payoneer is registered member service provider of MasterCard worldwide. It has 12 offices worldwide with over 700 employees. It is headquartered in New York City, United States. You can understand its popularity by seeing the number of users and its partners. It has 3 Million users and 2000+ partners worldwide. The simple reason behind its popularity is the quality of service and low fees for transactions.

With Payoneer, you can save up to 71% of the fees that you pay through other payment processors. Receiving funds via Payoneer is totally free except a small currency conversion charge of 2%. Payoneer allows you to receive funds in your own currency.

You can withdraw your funds directly to your bank account or you can request them to issue a Payoneer Prepaid Master card through which you can make online payments, in store payments or you can withdraw funds via ATM machines.

How Payoneer Works ?

The working procedure of Payoneer is simple and takes only 3 steps:

  1. Sign up for an account on Payoneer.
  2. Receive payments from worldwide companies or clients.
  3. Then you can withdraw your funds to your local bank account.

Why You Should Have A Payoneer Account ?

There are various simple reasons to have a Payoneer account:

It Protects Your Financial Information:

Payoneer gives you the freedom from entering your financial details on multiple websites. If you have a Payoneer account then you can directly make payment from it without disclosing your credit or debit card details or any other financial details. It saves you from any kind of online fraud. Also, it is a widely used payment processor so you can get it as payment option on various business and merchant websites.

It Is One Of The Best Alternative Of PayPal:

Payoneer is one of the best PayPal alternative available today. It provides high quality service like PayPal at lesser charges. With Payoneer, you can save most of the money that you pay as fees on PayPal or on other payment processors. For more details about the fees you can refer its fees page and compare it to other online payment processors like PayPal, Payza, Skrill etc.

Low Fees As Compared To Other Online Payment Processors:

With Payoneer you can save up to 71% of the money that you pay through other payment processors. Receiving money on Payoneer is free except its low currency conversion charge of 2%.

Easy To Use Platform:

Payoneer provides an easy to use platform to users, so, everybody can use it easily. They also provide various tutorial videos that you can watch to understand how to operate your account and perform various activities in your account. However, if you anytime feel any kind of difficulty in using your account then you can contact their support. They provide a good support to users.

Creating Account Is Free:

On Payoneer, you can create an account for free. There’s no hidden fees or anything. Anybody can create a Payoneer account and even there’s no maintenance fees like you find on some other payment processors. So, you don’t have to worry about anything.

Receive A Great 25$ Bonus:

To all new users who join Payoneer and receive first 100$ in their account get a 25$ bonus. So, its a great opportunity for new users to join it now and get this reward.

Widely Used By Various Affiliate Networks And Individual Affiliate Programs:

If you are an affiliate marketer then it is highly recommended for you to have a Payoneer account. It is widely used by affiliate networks and affiliate programs to pay their users. So, there’s a high possibility that you may find Payoneer as one of the payment option on various affiliate networks and affiliate programs.

Also, its low fees again makes it a better online payment processor so it will be good for you to have a Payoneer account.

You Can Make Money With Payoneer:

Yes, Payoneer also provides an opportunity to earn some money from it by referring your friends or colleagues to it. They offer a referral program where they pay 25$ as commission for each active referral you send to them. Active referral means here, if you send a new user to Payoneer and he/she performs a 100$ transaction from his/her account then you will get 25$ as commission. And, the best part your referral will also get 25$ bonus when he/she does a transaction of 100$. So, its a win win situation for both you and your referral.

So, make sure to refer your friends and colleagues to take advantage of their referral program.

Also Read:

  • What is Payza ? (Recommended)
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