What is Payoneer?
Payoneer is a new alternative for a quick and easy payment solutions. As a freelancer, I find Payoneer convenient for me as it helps me save on fees brought about by sending or withdrawing from the account. You can directly receive or send payments in just a few clicks. What I love about Payoneer is that you have an option to use it as an ATM. You can request for a physical card to be sent to your house and works like a regular card where you can use in ATM machines.
Why Payoneer? Here’s a list:
- They have lower fees.
- They have high exchange rate than any other International Money Transfer Platform.
- NO Hidden Fees.
- In total, you can save as much as 58%
- You can withdraw funds directly from the ATM machine with the use of your Payoneer Mastercard.
- NO FEES for sending and receiving payments.
How Do You Withdraw Funds?
- You may withdraw funds from your Payoneer Prepaid Mastercard. Once you receive the money from your client, you can then withdraw it from your Prepaid Mastercard in 2 hours. Cool, right?
- Local Bank Transfer – This would mean your funds will be sent to your local bank account. If you wish to withdraw using this method, you would have to enter your bank details in your Payoneer account for the transfer to happen. It usually takes about 2-3 business days to process the transfer.
Here are the steps to get you started:
- Create your Payoneer account.
- Fill out pertinent information. Make sure to have your government-issued Identification card to attach to your application.
- Payoneer will review your application. They will send you an email stating that your account has been approved.
Disclaimer:
This post contains affiliate links which means that I may receive a small commission (at no cost to you) if you subscribe or purchase something through the links provided. Read my full disclosure policy.
27 comments
I’m not familiar with Payoneer. It sounds a lot like PayPal, which I use for so many things.
I’ll have to check this out. I didn’t even realize this option was available. I love that you can withdraw it from your Prepaid Mastercard in 2 hours.
I had never heard of this solution. I always complain about paypal taking a fee from any transaction. I am going freelance so this could be great for me!
You will find this much better for you because of lower fees. The conversion rate is higher, too.
I have to admit I don’t know much about Payoneer, but I am always looking for new and easier ways to get paid! I’ll have to check this out more.
I hadn’t heard of this before. Now I’ll have to check it out for sure. Thank you!
I have been receiving payments via Payoneer for many years now! It is a reliable and convenient way of getting paid!
I have never used Payoneer before but it seems like it has amazing benefits. I love that it has lower fees and could save 58%!
I must be living in a bubble since I’ve never heard of Payoneer before. I definitely need to look into it!
I loved learning about Payoneer! I hadn’t known about this payment solution before reading your post. Thanks so much for sharing this information.
You’re welcome. 🙂
I never heard of Payoneer. This sounds cool I am a freelancer I might look into this as well.
You should! You’ll see how big your savings will be.
This sounds like such an easy and convenient service! Especially how you can work with your local bank account
Sondra xx
prettyfitfoodie.com
This sounds like a great way to send and receive money! I love that they offer lower fees.
It is. What I love most is the lower conversion rates and low fees to no fees at all depending on the service.
Are they similar to Paypal or more like a bank? I love finding new options.
Yes. It is similar to Paypal. You can create an account for free. 🙂
It is pretty convenient to get something like this. You can save time, money and energy using Payoneer. Looking forward having my account.
Yes. It’s free to make an account so you’ve got nothing to lose. 🙂 Just more to gain.
I can’t say I’ve heard of this service before. I might have to look into it for my clients.
I hate having have to pay fees each time I want to do anything woth money I earned. As I also have to pay a fee from my country obligations… the less fees the better
Wow, I have heard this once from a friend that she would want to try this before. What she point out was almost the same that you discussed. Better than other payment platform.
It is true! I would recommend these to freelancers.
I’ve never heard of this before but I’m curious to learn more about this. I send money using money gram quite frequently but I also want to save on the fees.
I can’t say I’ve tried their services before. I’ll have to do some research and see whether it’s a good fit.