What is Payoneer?
Payoneer is an international e-commerce venture that deals into online payments with useful means of payout for both sender and receiver, when the clients are spread across the globe. Modes of accepted payouts differ from country to country. It becomes extremely difficult for a company to pay its employee or its service provider, who could be at the other side of the globe. Payoneer plays a crucial role here, allowing their clients/customers to pay their service providers using multiple ways, including, but not limited to issuing a prepaid debit card, Global Account Transfer or using a virtual card.Why Payoneer?
Of course, we are at a time where online banking has become very common and the need to go to a bank and use the services of a teller has become scarce. However, when it comes to receiving payment from another country, things are still tricky. There is no universality and no commonly accepted standard to use a specific service. There are limitations on using a service, imposed by several countries. Hence, it becomes extremely difficult to use services like PayPal, which is still not accepted worldwide. The money credited by an employer in PayPal, becomes totally unusable as there is no way to get the money out of it in many countries. This is where Payoneer plays its part as it allows the customer to have a US bank account, which is linked to a Debit card. This debit card can be used in any ATM where MasterCard is accepted and the money is out in a snap.Modes of Payment
There are various payment options available in Payoneer. The choice purely depends on the customer, who is using the service.Global Bank Transfer - This is the choice when a customer has a bank account and wants the money to be credited to their bank account. Payoneer transfers money to over 200 countries and 50 currencies. It is fast, cost effective and secure.
Virtual Card - This would be choice of payment, if the payees are online shoppers. No physical card is involved and hence no shipping delays. The MasterCard image that the payees receive has all the information needed to shop online or to Paypal withdraw at ATM worldwide.
Debit MasterCard - This is the most popular Payoneer service. Prepaid Debit MasterCard can be issued to payees, which can be loaded with money at will. No bank account is needed and this card can be used just like any other debit card at ATM machines, retail stores and restaurants. This is most ideal for students as well who cannot open a bank account that easily. The money in the card would be in US Dollars, which is highly advantageous, as it is a globally accepted currency and with this method, the funds are made available to the customer in the card within 2 hours.
Is a Bank Account mandatory to use Payoneer?
Not all payment services of Payoneer require a bank account. It is only the Global Bank Transfer service that needs a bank account for the payee. In the case of a bank transfer, the advantage is that the money would be directly credited to the bank account, where it can be used for savings and investments puposes.Payoneer Support
Payoneer provides support via email , live chat and telephone in multiple languages and any issues that customers have are immediately addressed.'Refer a Friend' Program
As a customer of Payoneer, if one refers this service to a friend, relative, family member or colleague, the question is if there is a benefit to spread the word? Does affiliates earn money? Actually, there is. Those who intend to use this program need to fill an application form for the same and upon submission they get a link to view their rewards. If a friend clicks on the link, signs up for a Payoneer Card and receives $100 payment, both the referrer and referee receive $25 as reward from Payoneer. This referral program is not limited in any way and is available to all customers across all countries. Both the referrer and referee need to have the Payoneer Card to use this program and no other form of payment for the referee is accepted.How to Sign up for Payoneer?
Just click on the button below and you will be redirected to Payoneer website.
