Payoneer Card advantages, disadvantages, use & features
Payoneer works in All ATM’s, It provides us with a Master Card Debit card, so, It works with almost all ATMs in worldwide, We can send & 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.
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 are no administrative hassles, There are 24/7 online ‘My Account’ page for checking balances and transactions, There is in-house multilingual 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 a couple of months to get credited in your account now takes hardly 24 hours.
Payoneer global payment solutions offer 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, that 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 a 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, it has 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 anti-virus, 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.
The private payments have an 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.