Payoneer is an international money processing service. It is quite similar to PayPal but with a few distinct features that differentiate itself. Payoneer was founded in 2005 with a seed funding of USD 2 Million from the former CEO Yuval Tal and other private investors and it has become one of the leading global payment companies since then. Payoneer provides payment services and solutions like wire transfers, online payments, account-to-account money transfers, global and local e-wallets and local-currency paper checks that are cost effective for affiliates and independent workers in more than 200 different countries worldwide and it supports more than 100 different currencies. No bank account required to apply for Payoneer as Payoneer’s account holder will be able to withdraw their funds immediately without going through any hassles and they are able to withdraw their money in any part of the world. When a person pays using Payoneer, that payment will be automatically converted into the local currency. In fact, Payoneer can also provide you with free US virtual bank account using their US payment service.
Who Will Benefit From Using Payoneer Service?
Payoneer enables freelancers, vendors, publishers and affiliates to receive their payments and commissions almost immediately. Commissions for affiliates are usually paid out using checks, international wire transfers and PayPal. In order to use these types of payment methods, that person needs to have a bank account and the transfer of funds can take from as short as few business days up to as long as few weeks to complete. However, money transfers through Payoneer service are usually quick and payments should be available within 24 hours. Therefore, if you are a person that is tired of waiting for few days or even few weeks for your hard earned money and commission, Payoneer is an option that you can look at.
Who Can Apply For Payoneer?
Any individual that is 18 years old and above can apply for Payoneer service. Payoneer will work perfectly for you if you are a vendor or an affiliate but anyone who is looking for safe and reliable online payment system is more than welcomed to apply for the Payoneer service.
Alternatively you can also sign up with this link
Why Should You Use Payoneer?
Secured – In order to be secured, Payoneer is always improving their technology in order to ensure their customers’ authentication and privacy. They also comply with all of the applicable online payment regulations.
Flexible – Payoneer offers customizable and scalable options for everyone. It allows other people to load or deposit money onto your bank account so that you can make fast bank transfers using the Global Bank Transfer Service.
Currency – There is no need for you to manually convert your funds into your local currency. Payoneer does that automatically and makes the conversion using competitive rates.
Ease of Use – Payoneer service is easy to use and does not have too many technicalities.
Cost Effective – With Payoneer, you will be able to avoid some of the outrageous fees associated with international money transfers. Payoneer has monthly fees that are low compared to other similar services.
Award Winning – Payoneer has won the Best Business to Employee Payment award at Pay Before Awards 2010.
Reputable Companies That Use Payoneer
Below is a list of reputable companies that use Payoneer service:
- 2Checkout.com Inc.
- Amway Corporation
- Digital River
- Envato Inc including Themeforest, Envato Studio and etc.
- Hide My Ass!
- Google Inc
- Keynetics Inc also known as Clickbank
- Microsoft Corporation
- PayPal and only transfers from PayPal to Payoneer are allowed
Some of the unique benefits that Payoneer service offer are:
- You will be able to receive payments from countries that other payments do not support
- You will be able to get payments from different types of affiliate networks that use Payoneer as their payment processor
- You do not need to have a bank account
- You can verify Payza, PayPal and Moneybookers using your Payoneer account
- Payments using Payoneer service are usually available within 24 hours
- You will be able to check the balances and transactions in your Payoneer account anytime
- Payoneer provides email, live chat support and telephone support