Payoneer Card advantages and disadvantages
Advantages of Payoneer Card
You can get the payments from multiple affiliate networks , There is no bank account required , The account is held in US Dollars , The payments are available within 2 hours , And you can use it in the stores , online , or ATMs that accept MasterCard .
You can avoid steep bank charges , There is Low-cost fee structure , There is no administrative hassles , There are 24/7 online ‘My Account’ page for checking balances and transactions , There is in-house multi lingual live chat , telephone and e-mail support .
You get the cash in hand much faster than PayPal or any other alternative payment methods , Apart from that if you have a Virtual US Bank account , The payment from sites like CJ which takes couple of months to get credited in your account now takes hardly 24 hours .
Payoneer works in All ATM’s , Payoneer provides us with a Master Card Debit card and , so , It works with almost all ATMs in world wide , We can send and receive the money very simple , Payoneer offers payment solutions to the companies all over the world and the most exciting part of this system lies on its flexibility .
Payoneer global payment solutions offers a legion of options , You can transfer funds directly to payee bank accounts with Payoneer payment solutions , 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 .
When 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 .
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 .
Getting an account on Payoneer is completely free but of course , Payoneer isn’t a charity organization and so , they do have some charges to help you effectively maintain your account .
Payoneer is integrated with most top Freelancing Websites , Most freelancing websites have Payoneer MasterCard withdrawal option , These include Freelancer , Elance , oDesk and Fiverr among others .
You can withdraw the money from PayPal using your Payoneer Card , Payoneer has a US Payment Service which you can use to withdraw the money from PayPal , meaning you actually click on “Withdraw” on your PayPal account and the money goes to your Payoneer MasterCard .
Payoneer MasterCard works like any other prepaid debit card , You can therefore use it to buy stuff on local supermarkets or make the payments wherever MasterCard is accepted , This includes the chemists , the clinics , the hospitals and the electronic stores among hundreds of other places .
You can make online payments , You can pay your domain or hosting fees , You can buy an antivirus , you can buy from Amazon or eBay , All these payments can be easily made using your Payoneer card .
Payoneer has excellent customer support , Whenever you want to ask them a question , you can quickly start a live chat and get your issue sorted in seconds .
You can make money through their refer-a-friend program , Payoneer Refer-A-Friend program will award you $25 when your friend refer loads $100 , both you and the person you refer will get the $25 .
Payoneer card will help you to get free $25 and free $50 Google AdWord credit , You will also be able to get the US Payment service that you can use to withdraw money from PayPal , Money bookers among other accounts .
Disadvantages of Payoneer
Payoneer is costly , Receiving money costs a fee depending on your account type , withdrawal costs per transaction charge and Forex rates are bit lower than expected .
Forex rates are low , Unlike PayPal , The support is OK but not great , Support ( Not services ) is not that good , Once or twice it took 2+ days time for getting a reply to few questions .
You must sign up only through channel partner , The private payments have upper limit , When working for clients at times , You can get few high payments but they have a restrictions of 1000 USD that can be sent privately at any given point of time and there is no way you can raise this amount .