With online money transactions becoming more and more widespread, lots of new service providers have come up. Payoneer is one such provider, allowing you to receive money and even send it to different regions of the globe in over 150 varying currencies.
The unique feature that sets Payoneer apart from all others is the fact that it is mainly intended for business purposes only, which includes generating receipts, making payments, and even converting currencies.
Payoneer basically takes your standard currency exchange service and enhances it for increased functionality. Its currency exchange service works differently based on the Payoneer account status of not just the sender but also the beneficiary.
Who are the Payoneer Services Aimed At?
This conventional platform for financial transactions best caters to the following:
- Business owners.
- Individual professionals.
- Marketplaces for products and services.
Payoneer basically offers an easy medium to make direct payouts, currency conversions, integrations, and a new way for young entrepreneurs to pay all of their contractors, employees, etc. Their services are designed solely for business use. The higher your payouts, the cheaper it costs you.
Therefore, Payoneer works best with Google, iStock, Fiverr, Upwork, Amazon, and even Airbnb. This lets people conduct their financial transactions with international clients for eCommerce, stock photography, advertising, etc safely and swiftly.
PayPal vs Payoneer
We believe a Payoneer account is a very best platform for conducting your financial business transactions. Let us prove it to you!
Currency Conversion Routes Available
PayPal: 3 to 5 days
Payoneer: 2 hours
Additionally, Payoneer supports 200 countries and allows you to directly transfer and withdraw funds with the MasterCard debit card they give you.
Benefits of the Payoneer MasterCard
Through the MasterCard, you can easily get payments from any affiliate networks that you may be associated with. Most major affiliate networks use the MasterCard to send payments to their publishers and marketers.
Some of these include:
- AdGate Media
Withdrawing Funds from the ATM
Since the Payoneer Mastercard is an internationally recognized debit card, you can easily withdraw the money in your account from the nearest ATM. However, you can’t withdraw from the machines that only accept Visa or AMEX.
Pay Online Seamlessly
Debit cards from local banks aren’t internationally recognized, but your Payoneer MasterCard is!
This is an essential feature to pay for your online shopping so you can easily do so without any hassle. You can use your Payoneer MasterCard for all sites like Amazon, eBay, etc.
Open US Bank Account
For people living outside the United Staes, opening a dollar-based bank account can be near impossible.
The Payoneer MasterCard gives you US payment services and an American account that you can easily use for your transactions with international clients.
Reasonable Exchange Rates
While certain money exchange services charge exorbitant amounts in the form of charges or transaction fees, Payoneer takes a different path. It offers its users a very reasonable money exchange rate, allowing you to transfer USD cheaply and make appropriate payments efficiently.
How to Add Funds in Your Payoneer Account
Loading Funds To Your Payoneer Account
Log in or sign up for your Payoneer account.
Go to the Transactions tab found under the activity menu.
After you have selected a particular transaction, look for the Loading Payment option.
The payment received will be added to your Payoneer account within a few hours.
Receiving Funds from Any Other Payoneer User
The sender will need to log in to their Payoneer account.
Find the “Pay” option and then click on the “Make a payment” tab.
The sender will receive a prompt to enter details of the recipient’s account into a form. This is also where they enter the amount of money for the payment.
Click okay. The transfer will be completed and the recipient will receive the payment within a short period of time. These funds will be added to the recipient’s Payoneer account which they can easily withdraw from their nearest local ATM.
Payoneer is a great way to make and receive payments, hence proving to be a worthy platform for business owners and freelancers alike. By making a Payoneer account, you improve your productivity and allow a smooth flow of cash through easy withdrawals. The best part is that there are no hidden fees or high extra charges for your transactions!To learn more about Payoneer and how it can help your business’ financial growth, talk to our money experts!