Payoneer is a banking service that gives you credit cards to use them
online and anywhere else. You get a new credit card by postage and this
can be used online for many purposes like shopping, linking with online
payment processors etc. You can also request and receive payment
directly to your Payoneer Prepaid Mastercard.
As time goes by many provider also support more option for their payment processor, one of them is payoneer. Before paypal leverage their area coverage payoneer already supported by big company like check2out.
The same card can be used to make purchases anywhere, online and offline and even can be used to withdraw cash just like you do with your credit card all over the world mastercard accepted.
With this Payoneer Card you can actually receive payment in US dollars and can convert that into your local currency and withdraw the same easily. The best part is that you don’t have to worry about overspending with this card since it comes with a preset limit and you know how much you can spend at the maximum and hence your financial security is in your hands. Another advantage of Payoneer Card is that you don’t actually need to have any bank account or credit card to send or receive payments, and the best thing you can activate your paypal account with this card as well .
Explain the registration request and get a card Payoneer MasterCard . and explain activated after receipt
Click on this link to go to the registration page and request card MasterCard, from payoneer
Then click on the green button Sign Up
I'll show you a window of data required from you as the following picture, note that you can select the language of the notification bar at the top of the window
You will notice that there are three steps to fill out the information . in green or blue
The first step
Click on the Start Here
Fill in the information correctly, and check it out before the transition to the next stage:
Write first and last name and date of birth blogger in your ID exactly.
And write down your address, mailing address accurately to ensure the arrival of the card , and do not forget to put your phone number.
The second step
Click on the Step II
Write your password and then retype it to confirm.
Choose a secret question and then write the answer.
your user name is your email address.
The third step
Click on the Step III
Choose card personal (National ID) or passport or driving license (in our example, the photographer Random ID card, but this is not a requirement could choose a passport or driver's license).
Type your full name
Write national ID card number or passport number or driver's license number.
Write country issuing the document identification
Check the boxes of the three options
Click on the finish button
will show you a message telling you the successful registration process , and it may have been sending a message to your email address.
Very Important Note : When you log into your account after the registration process Sign Up . Use your email address instead Username in order to avoid the appearance of a message that the login info to the account wrong .
will reach message in your email address that prompts you (raise) a copy of the identity document that introduced her own in the third step .
Click on the link given in the message.
put the image of the front face of the document identification card , whether personal National ID or driver' License . If the identity document is a passport be sufficient in Passport information page only.
Click on the Upload button
After that you will receive a message of successfully raising the supporting documents.
Will review the supporting documents are sent and compare it with the information supplied to them through the steps by three registry that you have made, and will be sent the card after the end of the verification process of your information to your email address during a period of 14 days to 30 days.
important note : You may be not send you a message to send a copy of the document probative . may be accepted without sending any identification papers . and Payoneer card will be sent to your address.
How to activate Payoneer MasterCard after arrival and your delivery
Must activate the card Payoneer MasterCard after arrive to you in order to receive through which money and buy either from the Internet after a linked account in Paypal or purchase of POS or receive your money "Cash" with your hand through the machines exchange ATM in the country , as well as the procedure involves the addition of PIN Code or PIN number for the card 4-digits.
Log in to your account in Payoneer, or if you have already entered on your account, do by clicking on the Activate your card
When you enter into your Payoneer will notice a link that says "Your card has not been activated yet . Click here to activate your card"
will show you a window to activate the card , and fill the required fields
Enter your Prepaid card number : consists of (16 digits).
Enter a new 4 digits PIN: (of your choice).
Re-enter new PIN: retype the four-digit PIN to confirm.
Then click on the green button Activate
will show you a window of confirmation that the card has been activated successfully, and you'll notice you received a message in the upper left corner of the window of your Payoneer, click it to open the Message Center
Will enter the message center will show you the new message, which already received, click on it
The message will tell you successfully activate the card.
After successfully activate your card will be the Card Balance $ 0.00 because you haven't added any sum her up now.
To actually start using Payoneer services, you need to sign up for the card from the Payoneer’s partner websites. This is because you cannot order your card directly from Payoneer. As soon as you order you will be receiving your card within 12 to 25 days depending on where you live, in U.S. or outside it. You will need to activate the card as soon as you receive it. After that you can add funds to your card or authorize someone else to do the same. It is as easy as that, and you can also start receiving payments from the Payoneer partners that include freelancers services and so on. After receiving the funds, you can actually start using the card just like you use your Mastercard and can be transacted anywhere which accepts Mastercard debit card and can be used at the ATMs to withdraw cash directly in your local currency.
Actually Payoneer don’t provide their card from their homepage but they offer it from partner website. Some of them deduct more fees and get percentage from it.
Here guide on how to get payoneer card, please follow the instructions step by step exactly. So you are not confused and have to begin again from the start.
1. Go to Payoneer partner website and JOIN
2. Complete the registration form and go to your email to verify your account
3. After that, go to affiliate and click Affiliate Signup
4. Complete the registration form.
5. After which, click Account Information, choose "Click here to update your information" and finally click on "Payoneer: Signup to be paid by Prepaid MasterCard".You will be directed to page hosted by Payoneer, where you can sign up for a card.
6. Finish the final sign up process and you will need to wait for 2 working days + delivery days.
This Payoneer card can be an extremely handy card for those who need to transact online most of the time for their payouts and other payments as it is easy to use and convenient to carry. Do you want to have one?
Payoneer Registration
Payoneer Registration
Friday, October 30, 2015
Free MasterCard Debit Card by Payoneer
Before knowing why people, particularly those who love to engage in online transactions, should use Payoneer, it is only fitting to know first what Payoneer is. Payoneer is similar to PayPal and Moneybookers in the sense that it is a payment processor used internationally. The service guarantees secure, safe, fast, and convenient online payment transactions for less. This service is a hit among international freelancers and even for local netizens who get their income online.
Click here to sign up for your Payoneer card and get your $25 referral bonus (after you reach $100 in received payments).
How does Payoneer work?
Payoneer account holders automatically get a prepaid MasterCard, which functions like any other prepaid debit card with the MasterCard branding. Moreover, an account holder also gets an online card account connected to the MasterCard. The online account can be used by account holders to view their account balance and the history of their transactions. They can also manage their account and personal details on the online account.
So, how can account holders use the Payoneer MasterCard debit card? They can receive payments from anyone who also has a Visa or MasterCard account, and that includes anyone from any part of the world. This service does come with a processing fee, though. This should not be surprising since other payment processors also charge fees for their services. With Payoneer, a single credit card payment has a maximum load amount of $1,000.
Payoneer and PayPal verification
Payoneer works as well for those who want to verify their PayPal accounts, but do not have a bank account or credit card. Since PayPal does not issue cards to users outside the US, but at the same time requires all account holders to verify their account, having a Payoneer account (with the MasterCard debit card) is a very convenient option.
ACH/Direct Deposits for commissions, royalties, and online payouts from US companies
Payoneer also provides convenience as account holders can receive direct deposit payments from companies like Amazon and PayPal. This has been made possible through the US Payment Service feature of Payoneer.
As with the other services, Payoneer charges a reasonable transfer fee of 1% of the total amount received. On the other hand, account holders can also get online payments from partners of Payoneer like oDesk and Elance. This transfer can be done for free and takes at most a couple of days to execute. Payoneer account holders who want to expedite the transfer and receive their money within three hours maximum after the request will be charged $2.50.
Spending and withdrawals with Payoneer
As for the Payoneer card, as great as it is for online transactions, it can also be used in brick-and-mortar shops that accept MasterCard. Cash withdrawals can be done anywhere and account holders can receive amounts in local currency through ATMs, with a $3 ATM cash withdrawal transaction fee.
The global acceptance of the Payoneer MasterCard card and the flexibility of the currency (either US dollar or local currency with automatic exchange) are plus points for Payoneer. Moreover, the convenience and security of transfers from PayPal and other major US partners make it a must-have for anyone earning money online.
Get your Payoneer card + free $25 signup bonus
Payoneer is offering new cardholders $25 added to their account for free when they sign up through the Refer-a-Friend promotion. Apply for your card via the link below to qualify for your bonus.
Sign up with Payoneer now.
Useful information on Payoneer
Payoneer Review: MasterCard Prepaid Debit Card - Scam or Legit?
In this Payoneer review I will be explaining how the Payoneer MasterCard Prepaid Debit Card works and how I know that Payoneer is most certainly not a scam, based on my own personal experience with Payoneer over the course of one year and counting.
Payoneer Versus Paypal Fees In Comparison
Payoneer's prepaid debit card has long been an alternative for PayPal for online payments, but how exactly do the fees compare? This article takes a brief look at the two options.
Popular Companies That Use Payoneer - US Payment Service Whitelist
Payoneer's US Payment Service allows you to receive ACH / Direct Deposit payments from over 50 US corporations. Here are the most popular companies that use Payoneer via Direct Deposit.
Payoneer debit card review
Is Payoneer good for freelancers and affiliate marketers? Find out in my hands-on Payoneer debit card review
In this Payoneer review I will be explaining how the Payoneer MasterCard Prepaid Debit Card works and give a little honest feedback, based on my own personal experience with Payoneer over the course of one year and counting.
We'll cover questions on how it all works, what are all the fees, and other important details that are easy to miss at first glance.
If you’re a freelancer or affiliate marketer like me, you’ve probably got enough to do right now — so let’s get on with it.
What is the Payoneer MasterCard Debit Card?
Payoneer MasterCard Debit Card: Facts
I’ll start off with the basics here. As their name implies, Payoneer are true ‘pioneers’ in the Payoneer global payment processor sector and there isn’t an easy comparison to be made between Payoneer and other services like it.
To save you time figuring it all out, here's what they can do for you.
What is Payoneer?
Payoneer is a global payment processor similar to PayPal which promises a safe and affordable online payment solution for international freelancers, affiliate marketers, and others who make money online and need to get paid in their home country.
The Payoneer prepaid MasterCard works like any other re-loadable MasterCard prepaid debit card that you can get at your local bank branch, though it isn't a typical local debit card account.
Here's a quick summary of how the card works.
What do you get with the Payoneer MasterCard debit card?
A physical MasterCard prepaid debit card.
An online account linked to your MasterCard card which you can use to view your balance and transaction history, as well as manage your account and personal details.
How can you use it?
You can receive credit/debit card payments from anyone with Visa or MasterCard, from anywhere in the world. This service comes with a small processing fee per payment, and the maximum amount you can receive from a single credit card payment is $1000.
You can receive Direct Deposit payments from US-based companies such as Amazon and PayPal through Payoneer’s US Payment Service. The transaction fee for using the US Payment Service is 1% of the total amount transferred. You’ll then get paid directly onto your card, rather than having to wait for an international check and paying exorbitant clearing fees on your earnings.
You can receive online payments in USD from Payoneer-approved partners (for example: Elance, Fiverr, MediaWhiz, Media Shakers, and dozens more). Receiving payments this way is free for most partners and takes two days to load, although you can also pay an extra $2.50 if you need the cash within 1-2 hours of requesting it.
You can pay for goods and services online as well as in brick-and-mortar stores. It has the convenience of a credit card for online payments, with the beauty of a prepaid debit card since you cannot spend more money than you have in your account - i.e. you can't get into debt! There is no extra charge added to your purchases when you use the Payoneer card directly at a point-of-sale machine.
You can withdraw cash in your local currency from any ATM with the MasterCard logo visible on it somewhere – there are more than 1 million of these ATMs worldwide. The fee for a standard ATM cash withdrawal is around $3. This fee might sting a bit, but it helps me keep disciplined with my spending habits so I don't mind it too much.
If you don’t already have an account with one of Payoneer’s partners, you will want to sign up for your Payoneer card directly from the Payoneer website. The yearly card fee is $29.95, which is deducted from your balance automatically so you don’t have to worry about renewing it. There are no monthly maintenance fees when you sign up for your card via Payoneer's website.
Please note that Payoneer does provide a few other services such as Global Bank Transfers and the US Payment Service; however, I will not be covering these in this review as I do not use the Global Bank Transfer Service and have only recently been approved for the US Payment Service.
Once I have more experience with the US Payment Service I may write another review detailing how I have found it. [UPDATE: I just received my first Direct Deposit payment from Amazon Associates using Payoneer's US Payment Service - everything came through without a hitch and I'm smiling from ear to ear!]
My payoneer experience - One year and counting
If you’re still reading this far, you probably want to know if Payoneer is any good, or maybe you would just like to know “how legit” they are. Before I get to that, allow me to give you a short explanation of how and why I started using Payoneer.
A little over a year ago, I was unemployed and having no luck finding a job in my local area, somewhere south of the equator. I mused about the possibility of using my skills online as a freelance writer – but my main obstacle, of course, was getting paid. PayPal wasn’t an option because until recently there was no way to withdraw PayPal funds in my country. Nevertheless, I was sure there had to be a way, and after many weeks of hitting dead-ends, I finally found Payoneer.
Fast forward through a fruitful year of freelancing and some dabbling in affiliate marketing... Well, I’m still using my Payoneer card, and not a day goes by where I’m not thankful for the freedom it gives me to earn money no matter where I am. Although I mainly use it for receiving my freelance earnings on Elance and some affiliate commissions (e.g. Amazon, ClickBank, LinkShare), I have been thoroughly impressed by both Payoneer as a company and the Payoneer prepaid debit card itself.
My major concern when signing up with Payoneer was how long the payments would take to clear, but as it turns out I was worrying for no reason. I have never had a problem with my payments coming through; they have been processed and loaded into my account within the promised two-day waiting period each and every time.
As for paying for things with my Payoneer card, so far I’ve yet to come across a checkout method that prevented me from purchasing – i.e. it just works. I’ve bought goods online at both local and online retailers with no problems, and it's as easy as a credit card transaction.
Whenever I have a question regarding the service or my account, I simply search the Payoneer forum and usually find that my question has already been answered, straightforwardly and in sufficient detail, by one of their community managers or support representatives. I can't vouch for the live support because I've never used them, as I prefer email correspondence when dealing with official matters.
With that said (I mean, what more can I say?), if you’re an online freelancer, content producer, or affiliate marketer looking for a better alternative to PayPal for getting paid over the internet… This is it.
Verdict: 100% legit and highly recommended.
Here's how to get your own Payoneer card + $25 bonus
Payoneer is running a special ‘Refer-A-Friend’ promotion for a limited time, meaning that if you sign up through an existing cardholder’s referral link now (like this one) you get $25 added to your Payoneer account when you’ve transferred over $100 in earnings or deposits to your card.
Deposits that qualify towards the $25 bonus include loads from your PayPal account to your Payoneer card using the US Payment Service, as well as from any other company on the US Payment Service Whitelist.
Applying for your card is quick, easy, and you don’t even need an existing bank account. Once you sign up online with Payoneer, your card is shipped to you at no charge.
In this Payoneer review I will be explaining how the Payoneer MasterCard Prepaid Debit Card works and give a little honest feedback, based on my own personal experience with Payoneer over the course of one year and counting.
We'll cover questions on how it all works, what are all the fees, and other important details that are easy to miss at first glance.
If you’re a freelancer or affiliate marketer like me, you’ve probably got enough to do right now — so let’s get on with it.
What is the Payoneer MasterCard Debit Card?
Payoneer MasterCard Debit Card: Facts
I’ll start off with the basics here. As their name implies, Payoneer are true ‘pioneers’ in the Payoneer global payment processor sector and there isn’t an easy comparison to be made between Payoneer and other services like it.
To save you time figuring it all out, here's what they can do for you.
What is Payoneer?
Payoneer is a global payment processor similar to PayPal which promises a safe and affordable online payment solution for international freelancers, affiliate marketers, and others who make money online and need to get paid in their home country.
The Payoneer prepaid MasterCard works like any other re-loadable MasterCard prepaid debit card that you can get at your local bank branch, though it isn't a typical local debit card account.
Here's a quick summary of how the card works.
What do you get with the Payoneer MasterCard debit card?
A physical MasterCard prepaid debit card.
An online account linked to your MasterCard card which you can use to view your balance and transaction history, as well as manage your account and personal details.
How can you use it?
You can receive credit/debit card payments from anyone with Visa or MasterCard, from anywhere in the world. This service comes with a small processing fee per payment, and the maximum amount you can receive from a single credit card payment is $1000.
You can receive Direct Deposit payments from US-based companies such as Amazon and PayPal through Payoneer’s US Payment Service. The transaction fee for using the US Payment Service is 1% of the total amount transferred. You’ll then get paid directly onto your card, rather than having to wait for an international check and paying exorbitant clearing fees on your earnings.
You can receive online payments in USD from Payoneer-approved partners (for example: Elance, Fiverr, MediaWhiz, Media Shakers, and dozens more). Receiving payments this way is free for most partners and takes two days to load, although you can also pay an extra $2.50 if you need the cash within 1-2 hours of requesting it.
You can pay for goods and services online as well as in brick-and-mortar stores. It has the convenience of a credit card for online payments, with the beauty of a prepaid debit card since you cannot spend more money than you have in your account - i.e. you can't get into debt! There is no extra charge added to your purchases when you use the Payoneer card directly at a point-of-sale machine.
You can withdraw cash in your local currency from any ATM with the MasterCard logo visible on it somewhere – there are more than 1 million of these ATMs worldwide. The fee for a standard ATM cash withdrawal is around $3. This fee might sting a bit, but it helps me keep disciplined with my spending habits so I don't mind it too much.
If you don’t already have an account with one of Payoneer’s partners, you will want to sign up for your Payoneer card directly from the Payoneer website. The yearly card fee is $29.95, which is deducted from your balance automatically so you don’t have to worry about renewing it. There are no monthly maintenance fees when you sign up for your card via Payoneer's website.
Please note that Payoneer does provide a few other services such as Global Bank Transfers and the US Payment Service; however, I will not be covering these in this review as I do not use the Global Bank Transfer Service and have only recently been approved for the US Payment Service.
Once I have more experience with the US Payment Service I may write another review detailing how I have found it. [UPDATE: I just received my first Direct Deposit payment from Amazon Associates using Payoneer's US Payment Service - everything came through without a hitch and I'm smiling from ear to ear!]
My payoneer experience - One year and counting
If you’re still reading this far, you probably want to know if Payoneer is any good, or maybe you would just like to know “how legit” they are. Before I get to that, allow me to give you a short explanation of how and why I started using Payoneer.
A little over a year ago, I was unemployed and having no luck finding a job in my local area, somewhere south of the equator. I mused about the possibility of using my skills online as a freelance writer – but my main obstacle, of course, was getting paid. PayPal wasn’t an option because until recently there was no way to withdraw PayPal funds in my country. Nevertheless, I was sure there had to be a way, and after many weeks of hitting dead-ends, I finally found Payoneer.
Fast forward through a fruitful year of freelancing and some dabbling in affiliate marketing... Well, I’m still using my Payoneer card, and not a day goes by where I’m not thankful for the freedom it gives me to earn money no matter where I am. Although I mainly use it for receiving my freelance earnings on Elance and some affiliate commissions (e.g. Amazon, ClickBank, LinkShare), I have been thoroughly impressed by both Payoneer as a company and the Payoneer prepaid debit card itself.
My major concern when signing up with Payoneer was how long the payments would take to clear, but as it turns out I was worrying for no reason. I have never had a problem with my payments coming through; they have been processed and loaded into my account within the promised two-day waiting period each and every time.
As for paying for things with my Payoneer card, so far I’ve yet to come across a checkout method that prevented me from purchasing – i.e. it just works. I’ve bought goods online at both local and online retailers with no problems, and it's as easy as a credit card transaction.
Whenever I have a question regarding the service or my account, I simply search the Payoneer forum and usually find that my question has already been answered, straightforwardly and in sufficient detail, by one of their community managers or support representatives. I can't vouch for the live support because I've never used them, as I prefer email correspondence when dealing with official matters.
With that said (I mean, what more can I say?), if you’re an online freelancer, content producer, or affiliate marketer looking for a better alternative to PayPal for getting paid over the internet… This is it.
Verdict: 100% legit and highly recommended.
Here's how to get your own Payoneer card + $25 bonus
Payoneer is running a special ‘Refer-A-Friend’ promotion for a limited time, meaning that if you sign up through an existing cardholder’s referral link now (like this one) you get $25 added to your Payoneer account when you’ve transferred over $100 in earnings or deposits to your card.
Deposits that qualify towards the $25 bonus include loads from your PayPal account to your Payoneer card using the US Payment Service, as well as from any other company on the US Payment Service Whitelist.
Applying for your card is quick, easy, and you don’t even need an existing bank account. Once you sign up online with Payoneer, your card is shipped to you at no charge.
Payoneer, A Global Payment Provider
Payoneer, an industry-leading global payments company, provides innovative payment solutions for a borderless world. So far more than 2,000 companies worldwide use Payoneer as their global payout provider and Payoneer serves more than two million customers.
One of the most recent to announce its partnership with Payoneer was the Internet giant Google, which will use Payoneer to process their payments for Google Trusted Stores. The Google Trusted Stores program helps customers identify merchants they can trust online. The Trusted Stores badge is awarded to ecommerce sites that demonstrate a track record of reliability and exceptional customer service.
Google stands behind their merchants that have earned the Trusted Store badge with a $1,000 lifetime purchase protection for shoppers. Payoneer was selected to deliver purchase protection consumer payouts in select countries where Google Trusted Stores operates. Payoneer CEO, Scott Galit, explained that using Payoneer to make online payments will increase sales for merchants and build confidence for consumers, thanks to the system’s seamless, automated payment process that meets Google’s high standards for technology, security and service.
What Does Payoneer Do?
The most utilized function of Payoneer is to send funds to businesses and individuals. There are a lot of services that can do that, like long-known PayPal, but Payoneer allows you to send funds wherever they may be locate, in mass payouts or single payouts, with the ability to send funds in the currency and payout method of their choice.
Payoneer services are available in more than 200 countries and include flexible ways to receive your funds such as bank funds transfers, prepaid debit cards, international wire transfers, and local eWallets. Transactions can be completed in over 60 currencies, too, making Payoneer a truly global platform. Check out their complete list of countries and currencies, here.
Funds can be transferred in quite a few different markets such as for affiliates so they can immediately receive commissions and payouts, while avoiding fees. Payoneer even works with stock photography websites to distribute royalties and commissions. Check out the other markets available with Payoneer.
payoneer mobile app
Payoneer makes account management easy by offering a multi-lingual mobile app that lets you view your account balance and have it tabulated in 20 different currencies. The app is available in 19 languages, and gives you direct access to your account to review your transactions and payment history. The app is available in the Apple store and on Google Play.
At this time, residents of the United States are not able to apply for the Payoneer account. If you are a US resident, however, and want to receive incoming funds from a company that pays with Payoneer, that is doable –here’s how. Additionally, Payoneer currently only accepts applications from companies that can transfer at least $5,000 per month.
The Payoneer Prepaid Debit MasterCard
Payoneer issues its own prepaid plastic, a MasterCard that is honored worldwide everywhere MasterCard is accepted, and works just like any other prepaid debit card and can be used to make purchases online, in stores, and at ATMs. Since this card isn’t a conventional full-fledged credit card, however, it can only be used after you load it or prepay it with funds of your own. While that may limit your borrowing capacity, all other prepaid cards work that same way.
The advantages of using the Payoneer Prepaid Debit MasterCard include thepayoneer debit card1
fact that you do not need a bank account to qualify for the card and there are no overdraft fees, and payees will have cash in hand within 2 hours of the transfer. The best benefit of this card is the fact that it comes with multilingual customer support and comes with low cost payouts.
Anyone age 18 or older can sign up for the Payoneer card in order to receive payments from any of the thousands of companies that use Payoneer. Payees can receive funds at an ATM using the Payoneer Prepaid Debit MasterCard. Check out their Prepaid MasterCard FAQs page for additional information.
Terms and Conditions
Annual account maintenance is $29.95 per year and will be withdrawn from your available account balance each year.
A card replacement fee will be charged in the amount of $12.95 per card.
ATM withdrawal or POS/Bank teller cash disbursement fee of $3.15 per transaction. Additional fees may be applied by the ATM provider for cash withdrawals.
ATM decline fee of $1.00 per transaction.
ATM balance inquiry of $1.00 per transaction.
A monthly inactivity fee may be collected if no transactions and no payments have been posted to your card within the last 30 days. If assessed, the charge will be a recurring charge that you’ll have to pay each month until funds are added.
Additional fees and other specific information could not be located because Payoneer keeps referring users to “see a full list of pricing and fees….via your online My Account page.” Additionally, some fees are different depending on your country of residence. For example:
There is a foreign transaction fee applied to any transaction processed in a currency other than your own. The currency conversion rate is “based on either a wholesale market rate or the government-mandated rate in effect one day prior to the processing date for the transaction and may include all charges assessed by MasterCard.”
If you close your account any funds remaining in the account can be redeemed. You may be charged a redemption fee, unless you ask for the funds to be transferred to another card managed by Payoneer.
One of the most recent to announce its partnership with Payoneer was the Internet giant Google, which will use Payoneer to process their payments for Google Trusted Stores. The Google Trusted Stores program helps customers identify merchants they can trust online. The Trusted Stores badge is awarded to ecommerce sites that demonstrate a track record of reliability and exceptional customer service.
Google stands behind their merchants that have earned the Trusted Store badge with a $1,000 lifetime purchase protection for shoppers. Payoneer was selected to deliver purchase protection consumer payouts in select countries where Google Trusted Stores operates. Payoneer CEO, Scott Galit, explained that using Payoneer to make online payments will increase sales for merchants and build confidence for consumers, thanks to the system’s seamless, automated payment process that meets Google’s high standards for technology, security and service.
What Does Payoneer Do?
The most utilized function of Payoneer is to send funds to businesses and individuals. There are a lot of services that can do that, like long-known PayPal, but Payoneer allows you to send funds wherever they may be locate, in mass payouts or single payouts, with the ability to send funds in the currency and payout method of their choice.
Payoneer services are available in more than 200 countries and include flexible ways to receive your funds such as bank funds transfers, prepaid debit cards, international wire transfers, and local eWallets. Transactions can be completed in over 60 currencies, too, making Payoneer a truly global platform. Check out their complete list of countries and currencies, here.
Funds can be transferred in quite a few different markets such as for affiliates so they can immediately receive commissions and payouts, while avoiding fees. Payoneer even works with stock photography websites to distribute royalties and commissions. Check out the other markets available with Payoneer.
payoneer mobile app
Payoneer makes account management easy by offering a multi-lingual mobile app that lets you view your account balance and have it tabulated in 20 different currencies. The app is available in 19 languages, and gives you direct access to your account to review your transactions and payment history. The app is available in the Apple store and on Google Play.
At this time, residents of the United States are not able to apply for the Payoneer account. If you are a US resident, however, and want to receive incoming funds from a company that pays with Payoneer, that is doable –here’s how. Additionally, Payoneer currently only accepts applications from companies that can transfer at least $5,000 per month.
The Payoneer Prepaid Debit MasterCard
Payoneer issues its own prepaid plastic, a MasterCard that is honored worldwide everywhere MasterCard is accepted, and works just like any other prepaid debit card and can be used to make purchases online, in stores, and at ATMs. Since this card isn’t a conventional full-fledged credit card, however, it can only be used after you load it or prepay it with funds of your own. While that may limit your borrowing capacity, all other prepaid cards work that same way.
The advantages of using the Payoneer Prepaid Debit MasterCard include thepayoneer debit card1
fact that you do not need a bank account to qualify for the card and there are no overdraft fees, and payees will have cash in hand within 2 hours of the transfer. The best benefit of this card is the fact that it comes with multilingual customer support and comes with low cost payouts.
Anyone age 18 or older can sign up for the Payoneer card in order to receive payments from any of the thousands of companies that use Payoneer. Payees can receive funds at an ATM using the Payoneer Prepaid Debit MasterCard. Check out their Prepaid MasterCard FAQs page for additional information.
Terms and Conditions
Annual account maintenance is $29.95 per year and will be withdrawn from your available account balance each year.
A card replacement fee will be charged in the amount of $12.95 per card.
ATM withdrawal or POS/Bank teller cash disbursement fee of $3.15 per transaction. Additional fees may be applied by the ATM provider for cash withdrawals.
ATM decline fee of $1.00 per transaction.
ATM balance inquiry of $1.00 per transaction.
A monthly inactivity fee may be collected if no transactions and no payments have been posted to your card within the last 30 days. If assessed, the charge will be a recurring charge that you’ll have to pay each month until funds are added.
Additional fees and other specific information could not be located because Payoneer keeps referring users to “see a full list of pricing and fees….via your online My Account page.” Additionally, some fees are different depending on your country of residence. For example:
There is a foreign transaction fee applied to any transaction processed in a currency other than your own. The currency conversion rate is “based on either a wholesale market rate or the government-mandated rate in effect one day prior to the processing date for the transaction and may include all charges assessed by MasterCard.”
If you close your account any funds remaining in the account can be redeemed. You may be charged a redemption fee, unless you ask for the funds to be transferred to another card managed by Payoneer.
Payoneer Review – International Business Payments
Getting paid and making payments internationally can suck. I should know, because that’s how I’m always getting paid! There are lots of options that vary in cost, timing, security, and ease of use. Here are some of the solutions I’ve recently looked at when exploring international payments:
Your bank (wire transfers)
PayPal
Transfermate
Payoneer
Merchant processors (credit card)
Bitcoin
Payoneer Today I’ll be talking about Payoneer. Here are the two main features they provide:
Global mass payments for online marketplaces: They allow you to pay a bunch of people online. Think companies like iStock, Eleance, 99 designs, AirBNB that need to pay their freelancers/contractors. The draw of the Payoneer service is that these companies can pay lots of people internationally for apparently no cost (I say apparently because I haven’t dug into this area deeply).
International money transfers for SMBs & Professionals: You can get US and EUR collection bank accounts (even if you’re not in those countries) so that you can get paid as if you lived in them. It’s also the second part of the equation to the global mass payments solution, since payment receivers will need a Payoneer account to collect their funds.
I won’t be delving into the global mass payments for online marketplaces, but instead will be talking about the international money transfer solution. I’m here to dig into the nitty gritty and show you what it takes up to get set up with Payoneer, how it works, and how it compares against other payment solutions.
At a quick glance, the solution seems great. Payoneer provides you with a virtual US (US account and routing number) and/or EUR (European BIC and IBAN number) account, so that you can get paid as if you were a local. You can withdraw the funds via a Mastercard debit card or to your local bank. It’s also supposed to be more affordable than PayPal.
Getting Set Up
To start with Payoneer, you’ll need to put down a $29.95 annual fee. It’s not really that much money, but it may be a bit of a stumbling block for businesses that are used to going with online providers like PayPal, Stripe, or Square, where no upfront (or ongoing) fees are required.
When I signed up, I received the Payoneer Mastercard debit card in the mail, and then I used the Payoneer website to activate my card. The process was a bit confusing for me, as I thought the site was asking for my local bank account information, rather than the details on the Payoneer Mastercard debit card that I had just received.
The card acts like a credit card, except that you need to have funds on the card for it to work. In other words, you need to have funds in your Payoneer account to use it. When you receive funds into your Payoneer account, you’ll be able to access them by using this card.
Getting Paid
There are two main ways to get paid:
Via your Payoneer account
Via US Payment Service (ACH) or EU Payment Service (SEPA)
How freelancers get paid
The easiest and cheapest way to receive funds is from another Payoneer account holder. They can send a transfer to you near instantly and for free (funds are available within 2 hours of initiating the transfer). It works just like sending PayPal funds between friends (free and instant as well). There are limits on the amount you can transfer, however (minimum of $20, maximum of $1,000). The catch to this is that both parties need Payoneer accounts with money in them (I’ll talk about funding your Payoneer account shortly).
Transfer limits
These limits seem rather low to me, and would cause some friction if used as a tool to transfer money in all but the smallest of businesses.
The second way is to get a payment via the US or EU Payment service (SEPA). I’ll just describe the US Payment process here. If you’ve ever paid someone via ACH (US direct deposit or US bank transfer), well, it’s the same thing. Payoneer gives you some bank credentials and you pass that along to the business that wants to pay you.
ACH
I’ve only tried this twice. The first time was unsuccessful (I can’t confirm whether this was user error on the payer side or an error with Payoneer) but the second time was successful, using Bill.com’s vendor payment functionality.
The unsuccessful first attempt may have had something to do with type of payments that can be made. Only ACH is accepted, wire transfers are not.
“Payments to the US Payment Service must be made from a US company and can only be made via ACH transfer. Wire transfers and payments from individuals are not supported.”
Getting paid via the US Payment Service (ACH) costs 1%, while via the EU Payment Service (SEPA) it is free.
Withdrawing Funds
There are two ways to get your sticky hands on your money:
Mastercard Debit Card
Local Bank Transfer
The Mastercard Debit Card works, as far as my tests have shown, like any Mastercard credit card would. That’s pretty convenient and doesn’t cost anything (provided you’re purchasing in USD).
I tested to see if I could access the Payoneer bank feed with a cloud accounting product such as Xero. It is possible to set up a bank feed in Xero with Payoneer as the bank account. That’s the good news. I tried the same thing with QuickBooks Online (QBO) and it doesn’t have Payoneer as an option. Since Xero’s bank feed is provided by Yodlee, Payoneer should be available in most other cloud accounting software bank feeds as well (Yodlee is the main provider for bank feeds, with the notable exception of QBO).
Now, the caveat with the Mastercard debit card is that ATM withdrawals do cost money. It’s $3.15 per transaction (and the ATM may tack on an additional surcharge). Since it’s an ATM, I believe there are probably limits on the funds you can withdraw. One workaround to ATM fees that Payoneer suggests is to pay for items with your Mastercard debit card and ask for cash back (which apparently does not incur fees). For business accounting purposes this seems like a bad idea to me.
For local bank transfers, fees vary depending on your country. Unfortunately, you can’t learn about these fees until you have an account and have enough for the minimum withdrawal amount ($200 was the minimum for my Canadian and Japanese bank account tests).
The time it takes to verify your local bank account can vary. My Japanese bank account took a few days to verify, whereas my Canadian bank account only took a few hours.
The time it takes to transfer funds to your local bank funds can vary as well. It takes 1-3 business days for local bank transfers or an estimated 3-7 business days for wire transfers. If you tack on the fact that you need to wait some time to receive the funds initially via the US or EU Payment service, you’re probably looking at about a week until you get your funds. Of course, if you receive funds via someone with a Payoneer account and you spend it using your Mastercard debit card, you can be spending your cash within a matter of hours.
Both the Mastercard debit card and local bank transfer methods are also subject to a foreign exchange rate charge. I think this is where Payoneer is really making their bread and butter. They claim the rate varies between 2% and 2.75% above the official mid-market exchange rates. So, if you’re using this service because you’re not in the US, that’ll be a significant currency exchange hit. However, if you’re using this card within the US, or to pay for items in USD, this will be of no consequence to you.
Adding Funds
As far as I can tell, you can’t really load funds into your Payoneer account yourself. This is unlike PayPal, which both lets you add funds to your account, and more importantly, pulls money from your account when you need to make purchases. This is something that PayPal can instantly do, which makes it easy to shop using PayPal. With Payoneer, however, you need to have funds in your account, received through the course of business activities.
That being said, they do have a load payment service that you can use (but you need to contact support to turn on this feature). This is mainly designed to allow you to accept credit card payments (there’s an ACH option as well, but I don’t see how this is different that then US Payment Service).
Accepting money via credit cards can incur a fee of up to 3.75% and takes 2-3 business days. The ACH bank transfer service costs 1% and takes 5-7 business days (and is only available for US accounts).
For either method, the loader decides who will pay the fee (loader or recipient).
Payment Details
While technically you’re probably able to self-load payments, you’ll be paying a fee and will need to wait a few days to get your funds.
Conclusion
While Payoneer may be suitable for online freelancers, I’m not too sure about Payoneer for regular businesses making and receiving international payments. I have a few concerns about the service.
Support worries me. For example, I sent in a request to turn on the load payment service and received this email in response:
2015-07-09_12-41-24
Three business days! I haven’t seen a message like this in a long time.
For an online company, there are still lots of manual verifications to go through. Whether it’s sending in documents to set up the accounts or requesting access to additional features (which must be done through support tickets). I would have thought anything you need to do could be done via the single web interface. I had to sort through various areas and sites and hidden F.A.Qs to research this article. I don’t know if the average person would have the same tenacity that I do.
It was a challenge for me to gather all the information in this article and I’m still not sure it’s 100% right. There’s lots of documentation all over the place and it seems that pricing varies depending on how you signed up, how you receive your funds, and how you’ll withdraw your funds. I get that a global business can’t have a flat rate, but better transparency would be greatly appreciated, and perhaps some case studies or an online calculator that could help you figure out the costs as well. I’ve been researching PayPal, and I know their fee structures can also vary, but I think the core fee structure of PayPal is fairly straightforward to understand. Also, setting up and using a PayPal account can all be done without any manual processes.
Payoneer’s list of services overwhelms me:
Withdraw to Bank Service
Global Payment Service
Card to Card Service
Bank Transfer Service
Credit Card Loading Service
Mass Payout Service
US/EURO Payment Service
When Payoneer told me about their services, they pitched it as a better value proposition than PayPal. Currency exchange is roughly the same as the standard rates that PayPal or banks would offer. So for withdrawing your money to a foreign currency, I don’t think Payoneer is any better.
For receiving funds, Payoneer may provide an advantage.
PayPal takes a big cut when receiving funds (1.9% to 2.9% plus $0.30), even if funded by a bank or PayPal balance, unless the funds are sent via a PayPal Business Payment. This is a program that is only available in the United States and allows the customer to pay an invoice via eCheck or their PayPal Balance. I’ve only seen this available in conjunction with online invoicing services like FreshBooks, Zoho Books, and Harvest. The cost is only $0.50 (which is great!). But the point I’m making about Payoneer is that you can receive funds outside of the US as if you were in it. If you were in the US, you would just get a US bank account and receive ACH payments directly, and you wouldn’t really need a service like Payoneer.
I should note that there is a PayPal friend/family transfer option where a customer sends the money to you as a friend/family, thereby waiving seller protection. The cost can range from a fee inside the US to 0.5% to 4% outside the US. You’re not allowed to do this as a business though, but I thought I’d mention it for those who may need to transfer money for non-business reasons.
If you recall, the fee to receive funds via ACH in the US is 1%. This is better than PayPal’s standard rate (1.9% to 2.9% + $0.30). So yes, Payoneer wins if a customer is willing to pay via ACH.
What gives me hesitation with Payoneer though, is that PayPal is the most popular online payment service and I think the majority of people trust it. Saying pay me via PayPal is easy, and the customer can pay via credit card, their bank balance, or their PayPal balance.
I can see situations where Payoneer would be a good choice, but I think you’d have to be a specific type of business for it to fit your needs.
Your bank (wire transfers)
PayPal
Transfermate
Payoneer
Merchant processors (credit card)
Bitcoin
Payoneer Today I’ll be talking about Payoneer. Here are the two main features they provide:
Global mass payments for online marketplaces: They allow you to pay a bunch of people online. Think companies like iStock, Eleance, 99 designs, AirBNB that need to pay their freelancers/contractors. The draw of the Payoneer service is that these companies can pay lots of people internationally for apparently no cost (I say apparently because I haven’t dug into this area deeply).
International money transfers for SMBs & Professionals: You can get US and EUR collection bank accounts (even if you’re not in those countries) so that you can get paid as if you lived in them. It’s also the second part of the equation to the global mass payments solution, since payment receivers will need a Payoneer account to collect their funds.
I won’t be delving into the global mass payments for online marketplaces, but instead will be talking about the international money transfer solution. I’m here to dig into the nitty gritty and show you what it takes up to get set up with Payoneer, how it works, and how it compares against other payment solutions.
At a quick glance, the solution seems great. Payoneer provides you with a virtual US (US account and routing number) and/or EUR (European BIC and IBAN number) account, so that you can get paid as if you were a local. You can withdraw the funds via a Mastercard debit card or to your local bank. It’s also supposed to be more affordable than PayPal.
Getting Set Up
To start with Payoneer, you’ll need to put down a $29.95 annual fee. It’s not really that much money, but it may be a bit of a stumbling block for businesses that are used to going with online providers like PayPal, Stripe, or Square, where no upfront (or ongoing) fees are required.
When I signed up, I received the Payoneer Mastercard debit card in the mail, and then I used the Payoneer website to activate my card. The process was a bit confusing for me, as I thought the site was asking for my local bank account information, rather than the details on the Payoneer Mastercard debit card that I had just received.
The card acts like a credit card, except that you need to have funds on the card for it to work. In other words, you need to have funds in your Payoneer account to use it. When you receive funds into your Payoneer account, you’ll be able to access them by using this card.
Getting Paid
There are two main ways to get paid:
Via your Payoneer account
Via US Payment Service (ACH) or EU Payment Service (SEPA)
How freelancers get paid
The easiest and cheapest way to receive funds is from another Payoneer account holder. They can send a transfer to you near instantly and for free (funds are available within 2 hours of initiating the transfer). It works just like sending PayPal funds between friends (free and instant as well). There are limits on the amount you can transfer, however (minimum of $20, maximum of $1,000). The catch to this is that both parties need Payoneer accounts with money in them (I’ll talk about funding your Payoneer account shortly).
Transfer limits
These limits seem rather low to me, and would cause some friction if used as a tool to transfer money in all but the smallest of businesses.
The second way is to get a payment via the US or EU Payment service (SEPA). I’ll just describe the US Payment process here. If you’ve ever paid someone via ACH (US direct deposit or US bank transfer), well, it’s the same thing. Payoneer gives you some bank credentials and you pass that along to the business that wants to pay you.
ACH
I’ve only tried this twice. The first time was unsuccessful (I can’t confirm whether this was user error on the payer side or an error with Payoneer) but the second time was successful, using Bill.com’s vendor payment functionality.
The unsuccessful first attempt may have had something to do with type of payments that can be made. Only ACH is accepted, wire transfers are not.
“Payments to the US Payment Service must be made from a US company and can only be made via ACH transfer. Wire transfers and payments from individuals are not supported.”
Getting paid via the US Payment Service (ACH) costs 1%, while via the EU Payment Service (SEPA) it is free.
Withdrawing Funds
There are two ways to get your sticky hands on your money:
Mastercard Debit Card
Local Bank Transfer
The Mastercard Debit Card works, as far as my tests have shown, like any Mastercard credit card would. That’s pretty convenient and doesn’t cost anything (provided you’re purchasing in USD).
I tested to see if I could access the Payoneer bank feed with a cloud accounting product such as Xero. It is possible to set up a bank feed in Xero with Payoneer as the bank account. That’s the good news. I tried the same thing with QuickBooks Online (QBO) and it doesn’t have Payoneer as an option. Since Xero’s bank feed is provided by Yodlee, Payoneer should be available in most other cloud accounting software bank feeds as well (Yodlee is the main provider for bank feeds, with the notable exception of QBO).
Now, the caveat with the Mastercard debit card is that ATM withdrawals do cost money. It’s $3.15 per transaction (and the ATM may tack on an additional surcharge). Since it’s an ATM, I believe there are probably limits on the funds you can withdraw. One workaround to ATM fees that Payoneer suggests is to pay for items with your Mastercard debit card and ask for cash back (which apparently does not incur fees). For business accounting purposes this seems like a bad idea to me.
For local bank transfers, fees vary depending on your country. Unfortunately, you can’t learn about these fees until you have an account and have enough for the minimum withdrawal amount ($200 was the minimum for my Canadian and Japanese bank account tests).
The time it takes to verify your local bank account can vary. My Japanese bank account took a few days to verify, whereas my Canadian bank account only took a few hours.
The time it takes to transfer funds to your local bank funds can vary as well. It takes 1-3 business days for local bank transfers or an estimated 3-7 business days for wire transfers. If you tack on the fact that you need to wait some time to receive the funds initially via the US or EU Payment service, you’re probably looking at about a week until you get your funds. Of course, if you receive funds via someone with a Payoneer account and you spend it using your Mastercard debit card, you can be spending your cash within a matter of hours.
Both the Mastercard debit card and local bank transfer methods are also subject to a foreign exchange rate charge. I think this is where Payoneer is really making their bread and butter. They claim the rate varies between 2% and 2.75% above the official mid-market exchange rates. So, if you’re using this service because you’re not in the US, that’ll be a significant currency exchange hit. However, if you’re using this card within the US, or to pay for items in USD, this will be of no consequence to you.
Adding Funds
As far as I can tell, you can’t really load funds into your Payoneer account yourself. This is unlike PayPal, which both lets you add funds to your account, and more importantly, pulls money from your account when you need to make purchases. This is something that PayPal can instantly do, which makes it easy to shop using PayPal. With Payoneer, however, you need to have funds in your account, received through the course of business activities.
That being said, they do have a load payment service that you can use (but you need to contact support to turn on this feature). This is mainly designed to allow you to accept credit card payments (there’s an ACH option as well, but I don’t see how this is different that then US Payment Service).
Accepting money via credit cards can incur a fee of up to 3.75% and takes 2-3 business days. The ACH bank transfer service costs 1% and takes 5-7 business days (and is only available for US accounts).
For either method, the loader decides who will pay the fee (loader or recipient).
Payment Details
While technically you’re probably able to self-load payments, you’ll be paying a fee and will need to wait a few days to get your funds.
Conclusion
While Payoneer may be suitable for online freelancers, I’m not too sure about Payoneer for regular businesses making and receiving international payments. I have a few concerns about the service.
Support worries me. For example, I sent in a request to turn on the load payment service and received this email in response:
2015-07-09_12-41-24
Three business days! I haven’t seen a message like this in a long time.
For an online company, there are still lots of manual verifications to go through. Whether it’s sending in documents to set up the accounts or requesting access to additional features (which must be done through support tickets). I would have thought anything you need to do could be done via the single web interface. I had to sort through various areas and sites and hidden F.A.Qs to research this article. I don’t know if the average person would have the same tenacity that I do.
It was a challenge for me to gather all the information in this article and I’m still not sure it’s 100% right. There’s lots of documentation all over the place and it seems that pricing varies depending on how you signed up, how you receive your funds, and how you’ll withdraw your funds. I get that a global business can’t have a flat rate, but better transparency would be greatly appreciated, and perhaps some case studies or an online calculator that could help you figure out the costs as well. I’ve been researching PayPal, and I know their fee structures can also vary, but I think the core fee structure of PayPal is fairly straightforward to understand. Also, setting up and using a PayPal account can all be done without any manual processes.
Payoneer’s list of services overwhelms me:
Withdraw to Bank Service
Global Payment Service
Card to Card Service
Bank Transfer Service
Credit Card Loading Service
Mass Payout Service
US/EURO Payment Service
When Payoneer told me about their services, they pitched it as a better value proposition than PayPal. Currency exchange is roughly the same as the standard rates that PayPal or banks would offer. So for withdrawing your money to a foreign currency, I don’t think Payoneer is any better.
For receiving funds, Payoneer may provide an advantage.
PayPal takes a big cut when receiving funds (1.9% to 2.9% plus $0.30), even if funded by a bank or PayPal balance, unless the funds are sent via a PayPal Business Payment. This is a program that is only available in the United States and allows the customer to pay an invoice via eCheck or their PayPal Balance. I’ve only seen this available in conjunction with online invoicing services like FreshBooks, Zoho Books, and Harvest. The cost is only $0.50 (which is great!). But the point I’m making about Payoneer is that you can receive funds outside of the US as if you were in it. If you were in the US, you would just get a US bank account and receive ACH payments directly, and you wouldn’t really need a service like Payoneer.
I should note that there is a PayPal friend/family transfer option where a customer sends the money to you as a friend/family, thereby waiving seller protection. The cost can range from a fee inside the US to 0.5% to 4% outside the US. You’re not allowed to do this as a business though, but I thought I’d mention it for those who may need to transfer money for non-business reasons.
If you recall, the fee to receive funds via ACH in the US is 1%. This is better than PayPal’s standard rate (1.9% to 2.9% + $0.30). So yes, Payoneer wins if a customer is willing to pay via ACH.
What gives me hesitation with Payoneer though, is that PayPal is the most popular online payment service and I think the majority of people trust it. Saying pay me via PayPal is easy, and the customer can pay via credit card, their bank balance, or their PayPal balance.
I can see situations where Payoneer would be a good choice, but I think you’d have to be a specific type of business for it to fit your needs.
Benefits of the Payoneer MasterCard
There are so many benefits or advantages of the Payoneer MasterCard. I'll list all the Benefits of the Payoneer MasterCard below so you could see what you get when you apply, when you use Payoneer MasterCard. I'm sure you won't be disappoint with Payoneer MasterCard since this is the Best & the Only ONLINE Debit Card for anyone in the world. 'Cause Payoneer is available to 210+ countries in the world and most of the countries include for the above list. So here we go for the benefits.
1. Get Payments From Top-Notch Affiliate Networks to Payoneer MasterCard.
If you're an Internet Marketer or a person who makes money online in any way, you might have heard about Affiliate Marketing. The companies which provides Affiliate Offers for Affiliate Marketers could be known as Affiliate Networks. Major Affiliate Networks use Payoneer MasterCard as a Payment Sending Option to its Affiliate Marketers or publishers. The list is very huge and I cannot mention every Affiliate network that accepts Payoneer MasterCard as a Payment Option below, But I'll mention the Best Companies.
CPAlead
PeerFly
ClickBank
NeverBlue
ShareASale
Maxbounty
Ploose
Whitefire Network
CPA Beyond
007CPA
AdGate Media.
Best way to find out whether your Affiliate Network accepts Payoneer MasterCard for its Payments is to ask from the Affiliate Network of yours or ask from Payoneer MasterCard 24/7 Live Support.
2. Withdraw Funds In Your Nearest ATM.
Since Payoneer MasterCard is an International Debit Card, You could withdraw your Payoneer MasterCard money through your nearest ATM - Automatic Teller Machine. Payoneer Card is a MasterCard, So you will be able to withdraw your funds of Payoneer MasterCard through any ATM which appears the MasterCard Logo in it. You cannot withdraw from ATMs which shows only Visa or AMeX. So do not put your card to those ATMs.
Payoneer MasterCard ATM Withdrawal Fee is not much than $1 per time. But you could limit these Fees for the Payoneer MasterCard by following various methods. I'll write another article regarding it.
3. No Bank Account Required.
When you need to have a Debit Card, the standard process is going to the Bank and opening a Savings Account and then opening a Debit Card which is linked to that Bank Account. But with Payoneer MasterCard you don't need a Bank Account ever. Instead of a Required Bank Account, you could get a Free US Bank Account.
4. 2Hour Funds Availability In your Payoneer MasterCard.
Another great facility of Payoneer MasterCard is it's fast. You don't need to wait for painful days to get your funds in your Payoneer MasterCard, instead of that pain, Payoneer gives you painless fast to get your funds this much quickly. Payoneer mentions within 2hours, But you know what, every time my funds were available in my Payoneer MasterCard within 8minutes...!!! So think about how fast they work in Payoneer. You won't be disappoint with the fast turn-around of the Payoneer MasterCard ever.
5. Shop Online As You Wish, Pay Local Stores Seamless!
When you get a Debit Card from a Local Bank, it won't be an International Debit Card unless you request it, But with Payoneer MasterCard you get that Internationally Accepted feature when you get the card without any request. You need to have that feature to online shopping. Every Online Store which accepts Debit Cards as its Payment Option, You could use Payoneer MasterCard with them such as eBay, Amazon etc. When you shop locally, you might pay through Cash, But it takes time to count it, it feels bad when the Cashier queue is so long. You can erase that with Payoneer MasterCard and pay the balance with it without any trouble. So with Payoneer MasterCard you saves time too.
6. Free US Bank Account For Payoneer MasterCard Holders.
If you're living outside US, then you'll have very less chances to open a US Bank Account. Yes, you may create your US Bank Account in a holiday season when you visit United States, But not everyone could do this. So Payoneer MasterCard brings you much more things you ever thought impossible. There's a service called US Payment Service for Payoneer MasterCard owners and you could apply for this Free US Bank Account once you got your Payoneer MasterCard. This is a Checking Account and I'll tell you more information about Payoneer MasterCard US Payment Service later in another article.
7. Withdraw Your PayPal Funds to Your Payoneer MasterCard Easily.
PayPal is the most popular Online Payment Processor in the world, So you may already heard about PayPal or already using PayPal to withdraw funds. But If you cannot withdraw your PayPal Funds, Now you can do this with Payoneer MasterCard. Every Country PayPal Account(Send, Receive, Withdraw must have all 3) could add a US Bank Account to transfer Funds from PayPal to bank Account. When you have US Payment Service of Payoneer MasterCard enabled, you can link your US Bank account to PayPal and withdraw all your PayPal Funds easily & safely to Payoneer Card. PayPal is not the Only company which needs a US Bank Account to withdraw, There are so many US Companies who do ACH or Direct Deposits to US Bank Accounts such as 2CheckOut, Amazon, AirPush, Apple, eBay, Facebook etc.
8. Low Payoneer MasterCard Fees.
Payoneer MasterCard Fees are very low and you can't see it at first glance, but you'll realize it when you started to use the Payoneer MasterCard. Most of the Fees can be erased when you use the card with good methods. I'll tell you more about Fees Erasing tactics in another article. There are some one-time only Fees which occurs at the First Load. There are some fees continuously occurs when you Load, withdraw. There are some Fees occur only if you keep money in your Payoneer MasterCard. So use it wisely with minimal fees. Signup for Payoneer MasterCard today and get all these benefits in your hand without any question. More importantly you get $25 as a bonus when you load your Payoneer MasterCard first.
1. Get Payments From Top-Notch Affiliate Networks to Payoneer MasterCard.
If you're an Internet Marketer or a person who makes money online in any way, you might have heard about Affiliate Marketing. The companies which provides Affiliate Offers for Affiliate Marketers could be known as Affiliate Networks. Major Affiliate Networks use Payoneer MasterCard as a Payment Sending Option to its Affiliate Marketers or publishers. The list is very huge and I cannot mention every Affiliate network that accepts Payoneer MasterCard as a Payment Option below, But I'll mention the Best Companies.
CPAlead
PeerFly
ClickBank
NeverBlue
ShareASale
Maxbounty
Ploose
Whitefire Network
CPA Beyond
007CPA
AdGate Media.
Best way to find out whether your Affiliate Network accepts Payoneer MasterCard for its Payments is to ask from the Affiliate Network of yours or ask from Payoneer MasterCard 24/7 Live Support.
2. Withdraw Funds In Your Nearest ATM.
Since Payoneer MasterCard is an International Debit Card, You could withdraw your Payoneer MasterCard money through your nearest ATM - Automatic Teller Machine. Payoneer Card is a MasterCard, So you will be able to withdraw your funds of Payoneer MasterCard through any ATM which appears the MasterCard Logo in it. You cannot withdraw from ATMs which shows only Visa or AMeX. So do not put your card to those ATMs.
Payoneer MasterCard ATM Withdrawal Fee is not much than $1 per time. But you could limit these Fees for the Payoneer MasterCard by following various methods. I'll write another article regarding it.
3. No Bank Account Required.
When you need to have a Debit Card, the standard process is going to the Bank and opening a Savings Account and then opening a Debit Card which is linked to that Bank Account. But with Payoneer MasterCard you don't need a Bank Account ever. Instead of a Required Bank Account, you could get a Free US Bank Account.
4. 2Hour Funds Availability In your Payoneer MasterCard.
Another great facility of Payoneer MasterCard is it's fast. You don't need to wait for painful days to get your funds in your Payoneer MasterCard, instead of that pain, Payoneer gives you painless fast to get your funds this much quickly. Payoneer mentions within 2hours, But you know what, every time my funds were available in my Payoneer MasterCard within 8minutes...!!! So think about how fast they work in Payoneer. You won't be disappoint with the fast turn-around of the Payoneer MasterCard ever.
5. Shop Online As You Wish, Pay Local Stores Seamless!
When you get a Debit Card from a Local Bank, it won't be an International Debit Card unless you request it, But with Payoneer MasterCard you get that Internationally Accepted feature when you get the card without any request. You need to have that feature to online shopping. Every Online Store which accepts Debit Cards as its Payment Option, You could use Payoneer MasterCard with them such as eBay, Amazon etc. When you shop locally, you might pay through Cash, But it takes time to count it, it feels bad when the Cashier queue is so long. You can erase that with Payoneer MasterCard and pay the balance with it without any trouble. So with Payoneer MasterCard you saves time too.
6. Free US Bank Account For Payoneer MasterCard Holders.
If you're living outside US, then you'll have very less chances to open a US Bank Account. Yes, you may create your US Bank Account in a holiday season when you visit United States, But not everyone could do this. So Payoneer MasterCard brings you much more things you ever thought impossible. There's a service called US Payment Service for Payoneer MasterCard owners and you could apply for this Free US Bank Account once you got your Payoneer MasterCard. This is a Checking Account and I'll tell you more information about Payoneer MasterCard US Payment Service later in another article.
7. Withdraw Your PayPal Funds to Your Payoneer MasterCard Easily.
PayPal is the most popular Online Payment Processor in the world, So you may already heard about PayPal or already using PayPal to withdraw funds. But If you cannot withdraw your PayPal Funds, Now you can do this with Payoneer MasterCard. Every Country PayPal Account(Send, Receive, Withdraw must have all 3) could add a US Bank Account to transfer Funds from PayPal to bank Account. When you have US Payment Service of Payoneer MasterCard enabled, you can link your US Bank account to PayPal and withdraw all your PayPal Funds easily & safely to Payoneer Card. PayPal is not the Only company which needs a US Bank Account to withdraw, There are so many US Companies who do ACH or Direct Deposits to US Bank Accounts such as 2CheckOut, Amazon, AirPush, Apple, eBay, Facebook etc.
8. Low Payoneer MasterCard Fees.
Payoneer MasterCard Fees are very low and you can't see it at first glance, but you'll realize it when you started to use the Payoneer MasterCard. Most of the Fees can be erased when you use the card with good methods. I'll tell you more about Fees Erasing tactics in another article. There are some one-time only Fees which occurs at the First Load. There are some fees continuously occurs when you Load, withdraw. There are some Fees occur only if you keep money in your Payoneer MasterCard. So use it wisely with minimal fees. Signup for Payoneer MasterCard today and get all these benefits in your hand without any question. More importantly you get $25 as a bonus when you load your Payoneer MasterCard first.
Payoneer Debit Card SignUp Process Tutorial For Quick Approval
Payoneer is the world greatest Online Debit Card Provider. I have talked about many things about Payoneer up to now. If you read them, you may already know about the huge list of benefits you get when you own a Payoneer Debit Card today. If you are still don't know about Payoneer I suggest you to read the other posts on this Blog, So you can get a good idea about Payoneer Debit Card.
There are so many people who doesn't know how to signup, how to fill a form etc. So this guide is for people who have troubles in filling Payoneer Debit Card Application. I have created a visual tutorial using Application Images, so you don't get wrong in the application again.
Payoneer Debit Card Application Tutorial.
First you need to remember few things about Payoneer Application process. You cannot apply for Payoneer Debit Card if you're still under 18 years, But you CAN apply for your Mother's, Father's, Elder Brother's, Elder Sister's Name & correct details. So make sure you provide real & accurate information when you signup to Payoneer Debit Card.
Follow These Guidelines.
Fill ONLY your real details.
Fill your Birthday accurately.
Type your name according to your National ID, Driver's License, Passport.
Last Name should be your Surname ONLY.
Type your Home Address correctly.
Type 2 working & valid Phone numbers.
Remember the Security Question you choose and the Answer for that security question. You'll be asked this answer frequently when you contact Payoneer CS.
Save your Payoneer Debit Card username, password, security question, security question answer in your computer & write down them in your Personal Diary.
Okay..! Let's fill the Payoneer Debit Card Application as follows.
Click Here to get to the Pre Application Page.
Now you need to see the following page and click the 'Sign Up! >'
Once you clicked the 'Sign Up!', you'll be redirected to the following page. Now click the 'Start Here'.
Now Fill the Form as requested & guided by the Image below.
Payoneer Debit Card Application Guide 1
Once you finished Filling the First Part, click on Step II and start filling as requested and guided by the Image.
Payoneer Debit Card Application Guide 2
Now proceed to the Step III which is the final part of the Payoneer Debit Card Application process and fill it as requested and guided by the Image.
Payoneer Debit Card Application Guide 3
Okay..! Now you're finished applying for Payoneer Debit Card. Payoneer team will take 2-3 days to Approve or Deny your Application and If you get Deny, Then you should have submitted the wrong information, fake information, illegal information, wrong birthdate or you're still under 18years.
Once you are Approved, Payoneer Debit Card will be send out in an AirMail from the Payoneer. Payoneer Debit Card Approval email mentions that you'll receive your Payoneer Debit Card around a particular date. But in reality, Payoneer Debit Card will come to your home 1 Week before the date they mention in that Approval Email. Usually 15-24 Days needs to have Payoneer AirMail to see your home..!!
Signup Now if you're still didn't for Payoneer Debit Card today and receive the $25 Bonus reserved for you. Remember this $25 Bonus is NOT a Forever Valid bonus and this is a Limited Time Offer. So act now and signup for the Payoneer Debit Card before it's too late..!
Signup For a Payoneer Card Signup For a Payoneer CardSignup For a Payoneer Card
Signup for $25 Included Payoneer Card
There are so many people who doesn't know how to signup, how to fill a form etc. So this guide is for people who have troubles in filling Payoneer Debit Card Application. I have created a visual tutorial using Application Images, so you don't get wrong in the application again.
Payoneer Debit Card Application Tutorial.
First you need to remember few things about Payoneer Application process. You cannot apply for Payoneer Debit Card if you're still under 18 years, But you CAN apply for your Mother's, Father's, Elder Brother's, Elder Sister's Name & correct details. So make sure you provide real & accurate information when you signup to Payoneer Debit Card.
Follow These Guidelines.
Fill ONLY your real details.
Fill your Birthday accurately.
Type your name according to your National ID, Driver's License, Passport.
Last Name should be your Surname ONLY.
Type your Home Address correctly.
Type 2 working & valid Phone numbers.
Remember the Security Question you choose and the Answer for that security question. You'll be asked this answer frequently when you contact Payoneer CS.
Save your Payoneer Debit Card username, password, security question, security question answer in your computer & write down them in your Personal Diary.
Okay..! Let's fill the Payoneer Debit Card Application as follows.
Click Here to get to the Pre Application Page.
Now you need to see the following page and click the 'Sign Up! >'
Once you clicked the 'Sign Up!', you'll be redirected to the following page. Now click the 'Start Here'.
Now Fill the Form as requested & guided by the Image below.
Payoneer Debit Card Application Guide 1
Once you finished Filling the First Part, click on Step II and start filling as requested and guided by the Image.
Payoneer Debit Card Application Guide 2
Now proceed to the Step III which is the final part of the Payoneer Debit Card Application process and fill it as requested and guided by the Image.
Payoneer Debit Card Application Guide 3
Okay..! Now you're finished applying for Payoneer Debit Card. Payoneer team will take 2-3 days to Approve or Deny your Application and If you get Deny, Then you should have submitted the wrong information, fake information, illegal information, wrong birthdate or you're still under 18years.
Once you are Approved, Payoneer Debit Card will be send out in an AirMail from the Payoneer. Payoneer Debit Card Approval email mentions that you'll receive your Payoneer Debit Card around a particular date. But in reality, Payoneer Debit Card will come to your home 1 Week before the date they mention in that Approval Email. Usually 15-24 Days needs to have Payoneer AirMail to see your home..!!
Signup Now if you're still didn't for Payoneer Debit Card today and receive the $25 Bonus reserved for you. Remember this $25 Bonus is NOT a Forever Valid bonus and this is a Limited Time Offer. So act now and signup for the Payoneer Debit Card before it's too late..!
Signup For a Payoneer Card Signup For a Payoneer CardSignup For a Payoneer Card
Signup for $25 Included Payoneer Card
Tip to get your Payoneer registration approved successfully
Since Payoneer is a global payment service, no matter where, everyone is able to register and get a free MasterCard linked to an US bank account. It is really a big deal to take advantage from this “USA Bank account for international people”. However, getting a Payoneer MasterCard may not as easy as you imagine. Look at our tip to signup for a Card with highest possibility of being approved by Payoneer system.
Normal Payoneer Registration process view
At a normal way, clients need to take the following 3 steps to get the Card:
Application submission: Signup from Payoneer Homepage –> Fill your accurate information into Registration form.
Payoneer registration map 2. Review: Payoneer will look at to approve the application or ask client for further procedures to complete.
3. Delivery: The Debit MasterCard is mailed to approved application.
All above indicates that you only get trouble at step 2. Many applications even won’t be reviewed and asked for any further procedures to complete the registration.
How to get a Payoneer Card Successfully and Quickly without any complicated verifications?
Firstly, we should clear why your Application is rejected or asked for further verification
It does not matter if you are a citizen of capital countries such as USA, CA, UK, AU, etc. Asian users actually are Payoneer’s potential customers, but only applications which clear why they want to use the service and high possibility of future cooperating are approved immediately or asked for quite complicated steps of verification. I have seen many people in India just get and leave a Payoneer MasterCard in their wallet like a beautiful stuff.
Tip to go through of strict Payoneer Registration Policies
Very shortly, I have a tip. User get higher possibility of being approved if they register a Payoneer Card indirectly from their partners. There are hundreds of businesses Payoneer cooperate with to extend their customers: Click bank, CJ affiliate, Amazone,…
Normal Payoneer Registration process view
At a normal way, clients need to take the following 3 steps to get the Card:
Application submission: Signup from Payoneer Homepage –> Fill your accurate information into Registration form.
Payoneer registration map 2. Review: Payoneer will look at to approve the application or ask client for further procedures to complete.
3. Delivery: The Debit MasterCard is mailed to approved application.
All above indicates that you only get trouble at step 2. Many applications even won’t be reviewed and asked for any further procedures to complete the registration.
How to get a Payoneer Card Successfully and Quickly without any complicated verifications?
Firstly, we should clear why your Application is rejected or asked for further verification
It does not matter if you are a citizen of capital countries such as USA, CA, UK, AU, etc. Asian users actually are Payoneer’s potential customers, but only applications which clear why they want to use the service and high possibility of future cooperating are approved immediately or asked for quite complicated steps of verification. I have seen many people in India just get and leave a Payoneer MasterCard in their wallet like a beautiful stuff.
Tip to go through of strict Payoneer Registration Policies
Very shortly, I have a tip. User get higher possibility of being approved if they register a Payoneer Card indirectly from their partners. There are hundreds of businesses Payoneer cooperate with to extend their customers: Click bank, CJ affiliate, Amazone,…
How to get a virtual US Bank Account
Getting a Virtual US Bank Account from Payoneer has been a subject of debate for long months on many forums around the web. As a matter of fact, this new service was first launched as a Beta program so you had to send an email to the Payoneer team and hope for them to accept you as a Beta tester.
Today, things have changed a little and Payoneer itself is inviting people to join in. I think they are trying to grow their user base as a preparation for a public launch.
I myself have recently received the following email from them:
Dear Payoneer Cardholder,
We have been inviting a limited number of valued Payoneer cardholders to participate in a new pilot service – the Payoneer Virtual US Account.
Participating will allow you to receive ACH payments (such as direct deposit and electronic transfer) from US corporations direct to a Virtual US Account. For example, you are able to receive funds from PayPal. Once received in your account, your funds are loaded to your Payoneer card. Money cannot be withdrawn from the Virtual US Account itself – only using your card. Payments are subject to the terms & conditions set by the US organizations that pay you.
To date, the feedback on this new service has been very positive.
The fee for a Payoneer Virtual US Account is $20 annually and 1% of transactions.
If you would like to sign up, please reply to this email with answers to the following questions:
1. What services or products do you offer?
2. From whom do you expect to receive payments?
3. What is your company’s website?
4. Please provide any other information about your company or services.
If you have already started using the Payoneer Virtual US Account we would love to hear your feedback about the service. Please post your feedback on the Payoneer Community Forum
Thank you for your time
The first thing you have to note is that I am a “Valued Payoneer cardholder”!!! More seriously, this means you need to already be a Payoneer customer if you want to be invited, and not any customer!
Second thing, places are limited, this is probably why you have to show some interest and motivation by answering some of their questions.
However, the most important information is not explicitly stated in the email as you need to have some historical data to uncover it. Payoneer have actually made their service way cheaper than it was as it is now only $20 a year compared to no less than $99 before!!
Now, what can you do to get your Virtual US Bank Account if you are a Payoneer customer and you did not receive the above email? I think the only thing you can do is send them an email with your answers to the above mentioned questions and hope for them to be convinced.
Don’t hesitate to share your experience by commenting!
Today, things have changed a little and Payoneer itself is inviting people to join in. I think they are trying to grow their user base as a preparation for a public launch.
I myself have recently received the following email from them:
Dear Payoneer Cardholder,
We have been inviting a limited number of valued Payoneer cardholders to participate in a new pilot service – the Payoneer Virtual US Account.
Participating will allow you to receive ACH payments (such as direct deposit and electronic transfer) from US corporations direct to a Virtual US Account. For example, you are able to receive funds from PayPal. Once received in your account, your funds are loaded to your Payoneer card. Money cannot be withdrawn from the Virtual US Account itself – only using your card. Payments are subject to the terms & conditions set by the US organizations that pay you.
To date, the feedback on this new service has been very positive.
The fee for a Payoneer Virtual US Account is $20 annually and 1% of transactions.
If you would like to sign up, please reply to this email with answers to the following questions:
1. What services or products do you offer?
2. From whom do you expect to receive payments?
3. What is your company’s website?
4. Please provide any other information about your company or services.
If you have already started using the Payoneer Virtual US Account we would love to hear your feedback about the service. Please post your feedback on the Payoneer Community Forum
Thank you for your time
The first thing you have to note is that I am a “Valued Payoneer cardholder”!!! More seriously, this means you need to already be a Payoneer customer if you want to be invited, and not any customer!
Second thing, places are limited, this is probably why you have to show some interest and motivation by answering some of their questions.
However, the most important information is not explicitly stated in the email as you need to have some historical data to uncover it. Payoneer have actually made their service way cheaper than it was as it is now only $20 a year compared to no less than $99 before!!
Now, what can you do to get your Virtual US Bank Account if you are a Payoneer customer and you did not receive the above email? I think the only thing you can do is send them an email with your answers to the above mentioned questions and hope for them to be convinced.
Don’t hesitate to share your experience by commenting!
Payoneer Virtual US Bank Account, what is it ?
Many people around the globe have been trying to apply for a US Bank Account but were denied by the extremely restrictive conditions they have been required to fulfill before they could get one.
After the September 11th 2001 attacks, the US government issued what is known as the “USA Patriot act” that was meant to avoid any future attacks of the same kind. One of the measures that are included in that document is that non US residents cannot hold a US Bank Account as they did before.
Today, getting a US Bank Account the regular way when you are not a US citizen is still impossible or to be more accurate, difficult and very costly. However, there are alternative solutions such as the one offered by Payoneer.
Payoneer has introduced months ago a new and innovative service called US Virtual Bank Account. As you can see, this is NOT a real US Bank Account, it is just a virtual one! In practice, things work this way: Payoneer gets a mega Bank Account with a partner US bank under which sub accounts are created for each Payoneer customer in order to provide them with unique account numbers they can use to get payments. Payments can be sent to the sub account, using the account number that was previously provided, then Payoneer transfers the money they receive to the personal Payoneer Debit Card of the customer that received the payment in order for him to be able to spend it!
In the end, you don’t really get a US Bank Account, but you have all the infos (numbers) that are needed to get paid by a customer or a partner who cannot use Paypal or other payment systems.
As you can see, this new service offered by Payoneer is very useful and quite smart! Anyone is now able to enjoy the benefits of a US Bank Account without the hassle.
After the September 11th 2001 attacks, the US government issued what is known as the “USA Patriot act” that was meant to avoid any future attacks of the same kind. One of the measures that are included in that document is that non US residents cannot hold a US Bank Account as they did before.
Today, getting a US Bank Account the regular way when you are not a US citizen is still impossible or to be more accurate, difficult and very costly. However, there are alternative solutions such as the one offered by Payoneer.
Payoneer has introduced months ago a new and innovative service called US Virtual Bank Account. As you can see, this is NOT a real US Bank Account, it is just a virtual one! In practice, things work this way: Payoneer gets a mega Bank Account with a partner US bank under which sub accounts are created for each Payoneer customer in order to provide them with unique account numbers they can use to get payments. Payments can be sent to the sub account, using the account number that was previously provided, then Payoneer transfers the money they receive to the personal Payoneer Debit Card of the customer that received the payment in order for him to be able to spend it!
In the end, you don’t really get a US Bank Account, but you have all the infos (numbers) that are needed to get paid by a customer or a partner who cannot use Paypal or other payment systems.
As you can see, this new service offered by Payoneer is very useful and quite smart! Anyone is now able to enjoy the benefits of a US Bank Account without the hassle.
Payoneer partners
Because getting a payoneer card requires going through a Payoneer Partner, we have listed below some of the ones we have been able to identify. If you know of any other ones, please do let us know by commenting on this page so we can complete the list.
Freelancing
GetAFreelancer
uTest
Guru.com
oDesk
RentACoder
ScriptLance
Elance
Payment processing
2CheckOut
Plimus
FastSpring
WebMoney
Advertising
MediaWhiz
Bux.to
Copeac
ROIRocket
IncentReward
Adult
AWEmpire
Adult Friend Finder
Hustler Cash
Others
FreedomRocks
GPA40
iStockPhoto
Fluc
Zizbiz
MagicRock
TripleClicks
Freelancing
GetAFreelancer
uTest
Guru.com
oDesk
RentACoder
ScriptLance
Elance
Payment processing
2CheckOut
Plimus
FastSpring
WebMoney
Advertising
MediaWhiz
Bux.to
Copeac
ROIRocket
IncentReward
Adult
AWEmpire
Adult Friend Finder
Hustler Cash
Others
FreedomRocks
GPA40
iStockPhoto
Fluc
Zizbiz
MagicRock
TripleClicks
How to receive money through Payoneer
There are many different ways you can load money into your Payoneer account/card. In this article, we will be explaining the process of receiving money from a Payoneer partner (the one you work for/with).
The process is quite simple and flawless. First, you receive and email into your mailbox informing you that you have received money from the partner.
When you open the email, you will read something like:
“Dear …………….,
Good News!
xxx has sent $xx.xx towards your account.”
The email will also state that in order to receive the money, you have to choose a loading option and verify your details by clicking on the button that reads “Continue“.
Go ahead and click that button so that you are redirected to the load options page. If for some reason the button doesn’t work properly, you can still copy/paste the link provided in the mail into your browser.
Here is what you will see in your browser:
Payoneer money loading options
As you can see, the page offers you to choose between the standard load and the immediate load. When you are done choosing, click the “Load” button located near the bottom of the page.
You will then be shown a confirmation page. You can still change your mind and opt for an immediate load if you have chosen the standard option.
Payoneer money load confirmation
Payoneer money loading confirmation
You can also choose to always receive your money immediately. Of couse, given the high fee you will be charged for that, this is not something we would recommend.
That’s all you need to do before you start waiting for the money to become available into your card.
Three business days after (or two hours if you have choosen the immediate load), you will receive an email informing you that your card has been loaded.
You will probably want to log in to your account to check your balance and see how much money you have been charged for the transaction. Don’t be surprised if you see an overcharge of $3, that’s the cost of the monthly maintenance fee. For more details on the fees involved with Payoneer, you may want to take a look at this article.
The process is quite simple and flawless. First, you receive and email into your mailbox informing you that you have received money from the partner.
When you open the email, you will read something like:
“Dear …………….,
Good News!
xxx has sent $xx.xx towards your account.”
The email will also state that in order to receive the money, you have to choose a loading option and verify your details by clicking on the button that reads “Continue“.
Go ahead and click that button so that you are redirected to the load options page. If for some reason the button doesn’t work properly, you can still copy/paste the link provided in the mail into your browser.
Here is what you will see in your browser:
Payoneer money loading options
As you can see, the page offers you to choose between the standard load and the immediate load. When you are done choosing, click the “Load” button located near the bottom of the page.
You will then be shown a confirmation page. You can still change your mind and opt for an immediate load if you have chosen the standard option.
Payoneer money load confirmation
Payoneer money loading confirmation
You can also choose to always receive your money immediately. Of couse, given the high fee you will be charged for that, this is not something we would recommend.
That’s all you need to do before you start waiting for the money to become available into your card.
Three business days after (or two hours if you have choosen the immediate load), you will receive an email informing you that your card has been loaded.
You will probably want to log in to your account to check your balance and see how much money you have been charged for the transaction. Don’t be surprised if you see an overcharge of $3, that’s the cost of the monthly maintenance fee. For more details on the fees involved with Payoneer, you may want to take a look at this article.
Payoneer fees
Like any payment solution, Payoneer is fee based. We strongly advice anyone interested in that product to take a close look at the costs that are involved before making a final decision.
Here is a list of the fees you will be charged depending on usage of the card and some events:
1. The card
Card activation*:
Within US: $10
Outside US: $20
Getting a replacement card*:
Within US: $10
Outside US: $20
Monthly account maintenance: $3
*Depending on the partner you went through to apply for your card, you may have different amounts as some partners choose to subsidize some fees.
2. Getting money
ATM Cash withdrawal:
Within US: $1.35
Outside US: $2.15 + up to 3% of transaction amount
ATM withdrawal declined: $0.90
3. Loading your card
Card loading from a VISA/MasterCard card: 3.75% of loaded amount (was previously just 3.5%)
Transfer from a checking or a savings account: 1% of loader amount
Receiving a payment from your partner (card loading):
$2 for regular loading, takes about 5 days to become available in your card balance
$5 for express loading, takes about 2 hours to become availble in your card balance
4. Using the card
Purchase Transaction:
Within US: Free
Outside US: Up to 3% of transaction amount
You might have noticed that using your card outisde of the US will cost you much more than if you used in the United States. This is quite normal as the card is issued by a US bank which means that international transactions cost them more.
In addition, pricing may vary from a partner to another as some partners may have negotiated some advantages for their customers. As an example, using some cards 5+ times per month will make your monthly maintenance fee go down to $1.
All that being said, one has to admit that the fees you will be charged for using Payoneer Prepaid MasterCard Cards remain reasonable when compared to the competition’s. However, this fact shouldn’t keep you from seeking optimization when using your card, you may then want to read through our suggestions to help you optimize your Payonneer costs.
Here is a list of the fees you will be charged depending on usage of the card and some events:
1. The card
Card activation*:
Within US: $10
Outside US: $20
Getting a replacement card*:
Within US: $10
Outside US: $20
Monthly account maintenance: $3
*Depending on the partner you went through to apply for your card, you may have different amounts as some partners choose to subsidize some fees.
2. Getting money
ATM Cash withdrawal:
Within US: $1.35
Outside US: $2.15 + up to 3% of transaction amount
ATM withdrawal declined: $0.90
3. Loading your card
Card loading from a VISA/MasterCard card: 3.75% of loaded amount (was previously just 3.5%)
Transfer from a checking or a savings account: 1% of loader amount
Receiving a payment from your partner (card loading):
$2 for regular loading, takes about 5 days to become available in your card balance
$5 for express loading, takes about 2 hours to become availble in your card balance
4. Using the card
Purchase Transaction:
Within US: Free
Outside US: Up to 3% of transaction amount
You might have noticed that using your card outisde of the US will cost you much more than if you used in the United States. This is quite normal as the card is issued by a US bank which means that international transactions cost them more.
In addition, pricing may vary from a partner to another as some partners may have negotiated some advantages for their customers. As an example, using some cards 5+ times per month will make your monthly maintenance fee go down to $1.
All that being said, one has to admit that the fees you will be charged for using Payoneer Prepaid MasterCard Cards remain reasonable when compared to the competition’s. However, this fact shouldn’t keep you from seeking optimization when using your card, you may then want to read through our suggestions to help you optimize your Payonneer costs.
How to reduce your Payoneer costs
Now that you have had a look at some of the fees you will charged when using your Payoneer card, you may want to check some suggestions on how to optimise those costs so that you make the most out of your card while paying the least.
1. Optimize the loading process
First, If you don’t need frequent money entries, it is best not to load your card too often with small amounts as the fee is the same no matter how much money you receive.
Let’s say that you make $100 monthly, if you load that amount into your card every month, you will be charged at least $2 each time, which means a total of $24 per year for $1200, that’s a 2% charge. In the contrary, if you choose to receive your money on a quarterly basis, your costs will be $8 for the same total amount per year making it a nice 0.66% charge, nothing less than $16 in easy savings!
Second thing is to always ask yourself, do I really need the money right now to opt for the express loading? Keeping in mind that this option will cost you $3 more than the standard one, you shouldn’t use it unless you are in a very pressing need of money.
2. Optimize the spending process
Avoid ATM withdrawals, especially for small amounts. The fact is, in addition to the risk of seeing your request declined and paying for nothing, withdrawing money from ATMs is the most expensive way to use the card. An ATM withdrawal will cost you $1.35/2.15 for any amount plus up to 3% of the transaction. This is why you should try and purchase goods with your card rather than withdraw money you will later use to buy the same goods and services.
Also, try to use your Payoneer card only when making purchases in Dollars (inside the US). If you are an international customer, you can still apply this rule as most online businesses that charge you in Dollars will be considered as US purchases thus costing you nothing. For local purchases, use your local card.
Now, if you are in need of hard cash, don’t withdraw small amounts each time you need money, save the on the fixed fee by withrawing a consequent amount once and for all.
These are just some of the ways you can optimize the costs attached to using the Payoneer Prepaid MasterCard Card. What you should also keep in mind is that as the card becomes more popular and widely used, competition will show up pushing Payoneer to reduce some of its fees.
1. Optimize the loading process
First, If you don’t need frequent money entries, it is best not to load your card too often with small amounts as the fee is the same no matter how much money you receive.
Let’s say that you make $100 monthly, if you load that amount into your card every month, you will be charged at least $2 each time, which means a total of $24 per year for $1200, that’s a 2% charge. In the contrary, if you choose to receive your money on a quarterly basis, your costs will be $8 for the same total amount per year making it a nice 0.66% charge, nothing less than $16 in easy savings!
Second thing is to always ask yourself, do I really need the money right now to opt for the express loading? Keeping in mind that this option will cost you $3 more than the standard one, you shouldn’t use it unless you are in a very pressing need of money.
2. Optimize the spending process
Avoid ATM withdrawals, especially for small amounts. The fact is, in addition to the risk of seeing your request declined and paying for nothing, withdrawing money from ATMs is the most expensive way to use the card. An ATM withdrawal will cost you $1.35/2.15 for any amount plus up to 3% of the transaction. This is why you should try and purchase goods with your card rather than withdraw money you will later use to buy the same goods and services.
Also, try to use your Payoneer card only when making purchases in Dollars (inside the US). If you are an international customer, you can still apply this rule as most online businesses that charge you in Dollars will be considered as US purchases thus costing you nothing. For local purchases, use your local card.
Now, if you are in need of hard cash, don’t withdraw small amounts each time you need money, save the on the fixed fee by withrawing a consequent amount once and for all.
These are just some of the ways you can optimize the costs attached to using the Payoneer Prepaid MasterCard Card. What you should also keep in mind is that as the card becomes more popular and widely used, competition will show up pushing Payoneer to reduce some of its fees.
Payoneer application tutorial
efore you apply for a Payoneer Prepaid MasterCard Card, we strongly recommend that you make sure you do qualify for such card.
Now that you know that you are eligible, the first thing you need to do is choose a partner through which you will apply. This is probably the most important part of the process as it goes down to choosing the revenue stream that will supply your card with money. Ideally, you could already be working with a Payoneer partner, but if you are not, it just takes a few steps to sign up with one of them.
Depending on your skills, here are two partners we recommend:
Freelancer.com offers you the possibility to work as a freelancer. To earn money, you need to complete jobs such as computer programming, design or even simple admin work like data entry which requires very little qualification. We recommend signing up with Freelancer from here.
2CheckOut: Is a payment processing service that lets you sell goods and services on the Internet, if you are an online merchant or a service provider, this is the best choice for you.
With those three options, most cases are covered. However, if you need more choice, you may take a look at our extended list of Payoneer partners.
Now let’s assume that you choose to go through Freelancer. After you sing up with them, you will have to complete your profile with some skills and start browsing available projects you think you can complete. Once you find a decent project that suits your skills, you can bid on it and wait for the project owner to select you! Don’t hesistate to be agressive on pricing, as you are new, It will take a few days and sometimes weeks for you to make your first sale but it can also be an opportunity for you to start an online activity.
Anyway, once you start making money from Freelancer, log in to your account and go to Finances >> Withdraw Funds where you will be presented with the available Withdrawal Options, select Freelancer com Debit Card (Payoneer Card). A wizard will then walk through the process…
Shorlty after the application process is complete, an email will be sent to the adress you provided informing you that your order has been received. They will also tell you that once it is approved, you will receive a confirmation email and the card will be mailed within 2 business days. You will also be reminded of your username so that you can access your online account.
The approval process can take up to two weeks. Then it takes the bank 2 to 3 business days to make the card.
That’s about all you need to do before you start waiting for the approval confirmation email and the card to arrive.
Now that you know that you are eligible, the first thing you need to do is choose a partner through which you will apply. This is probably the most important part of the process as it goes down to choosing the revenue stream that will supply your card with money. Ideally, you could already be working with a Payoneer partner, but if you are not, it just takes a few steps to sign up with one of them.
Depending on your skills, here are two partners we recommend:
Freelancer.com offers you the possibility to work as a freelancer. To earn money, you need to complete jobs such as computer programming, design or even simple admin work like data entry which requires very little qualification. We recommend signing up with Freelancer from here.
2CheckOut: Is a payment processing service that lets you sell goods and services on the Internet, if you are an online merchant or a service provider, this is the best choice for you.
With those three options, most cases are covered. However, if you need more choice, you may take a look at our extended list of Payoneer partners.
Now let’s assume that you choose to go through Freelancer. After you sing up with them, you will have to complete your profile with some skills and start browsing available projects you think you can complete. Once you find a decent project that suits your skills, you can bid on it and wait for the project owner to select you! Don’t hesistate to be agressive on pricing, as you are new, It will take a few days and sometimes weeks for you to make your first sale but it can also be an opportunity for you to start an online activity.
Anyway, once you start making money from Freelancer, log in to your account and go to Finances >> Withdraw Funds where you will be presented with the available Withdrawal Options, select Freelancer com Debit Card (Payoneer Card). A wizard will then walk through the process…
Shorlty after the application process is complete, an email will be sent to the adress you provided informing you that your order has been received. They will also tell you that once it is approved, you will receive a confirmation email and the card will be mailed within 2 business days. You will also be reminded of your username so that you can access your online account.
The approval process can take up to two weeks. Then it takes the bank 2 to 3 business days to make the card.
That’s about all you need to do before you start waiting for the approval confirmation email and the card to arrive.
How to activate your Payoneer card
Activating a new Payoneer card is extremely easy. When you receive your
card in your mailbox (a letter containing the card), go ahead and open it.
The first step is to log in to your Payoneer web account here using your username/email (usually the email you used to apply for the card), your password and the four digit captcha displayed on the page (that prevents from automated attempts of hacking your account).
Wait a few seconds for the page to load and you will see a message telling you
“Your card has not been activated yet. Click here to activate your card”
Go ahead and click that link!
The next page you will see looks like the following picture:
Enter the card number so that Payoneer can verify you have received the card and then choose a 4 digits PIN code for your card (enter it twice). Make sure you don’t forget that PIN because you will need it if you want to use your card in ATMs and stores (not needed on the Web).
Press the “Activate” button to activate your card.
If you have made no mistakes in the numbers, you will see a new page telling you that your activation has been successful.
You can now start using your card!
card in your mailbox (a letter containing the card), go ahead and open it.
The first step is to log in to your Payoneer web account here using your username/email (usually the email you used to apply for the card), your password and the four digit captcha displayed on the page (that prevents from automated attempts of hacking your account).
Wait a few seconds for the page to load and you will see a message telling you
“Your card has not been activated yet. Click here to activate your card”
Go ahead and click that link!
The next page you will see looks like the following picture:
Enter the card number so that Payoneer can verify you have received the card and then choose a 4 digits PIN code for your card (enter it twice). Make sure you don’t forget that PIN because you will need it if you want to use your card in ATMs and stores (not needed on the Web).
Press the “Activate” button to activate your card.
If you have made no mistakes in the numbers, you will see a new page telling you that your activation has been successful.
You can now start using your card!
Do you qualify for a Payoneer card
Because you need to go through a Payoneer partner to apply for a card, an implicit requirement is that you have to have an (online) activity that generates money. For example, if you are a computer programmer, you could sign up with a freelancing service to earn money and if you have a popular website or blog, you could sell links and reviews and get paid for that…
This is quite obvious because Payoneer has no interest in people that do not earn anything because they would never be able to load money on their card and pay the fees. However, you shouldn’t worry much about that as there are so many ways to make money online (and so many partners) that you will ultimately find something that suits your skills.
Unlike most Payment solutions, Payoneer is available to almost anyone from any country on the globe. YES, you read it right, anyone from any country can have a Payoneer MasterCard card. The only countries that are currently excluded are Iran, Syria and North Korea for obvious political reasons.
This universal availability is a major advantage for Payoneer over its competitors like Paypal that are restricting access to a few countries thus excluding thousands of online workers from around the world (India, Pakistan, Malaysia, Africa…).
The last thing you have to look at when considering Payoneer, is age. If you are over 18 years old, you can qualify for the program with no restrictions. If your age is between 13 and 18 years, you will have to be authorized by your parents to be able to apply for the card.
That’s about all! As you can see, it is quite easy to access the system.
Now that you see that you can qualify for a Prepaid Payoneer MasterCard card, you can follow our step by step application tutorial to get you started within minutes.
This is quite obvious because Payoneer has no interest in people that do not earn anything because they would never be able to load money on their card and pay the fees. However, you shouldn’t worry much about that as there are so many ways to make money online (and so many partners) that you will ultimately find something that suits your skills.
Unlike most Payment solutions, Payoneer is available to almost anyone from any country on the globe. YES, you read it right, anyone from any country can have a Payoneer MasterCard card. The only countries that are currently excluded are Iran, Syria and North Korea for obvious political reasons.
This universal availability is a major advantage for Payoneer over its competitors like Paypal that are restricting access to a few countries thus excluding thousands of online workers from around the world (India, Pakistan, Malaysia, Africa…).
The last thing you have to look at when considering Payoneer, is age. If you are over 18 years old, you can qualify for the program with no restrictions. If your age is between 13 and 18 years, you will have to be authorized by your parents to be able to apply for the card.
That’s about all! As you can see, it is quite easy to access the system.
Now that you see that you can qualify for a Prepaid Payoneer MasterCard card, you can follow our step by step application tutorial to get you started within minutes.
Payoneer Cards : How to get your Payoneer card
The most important thing to keep in mind about Payoneer cards, is that you can’t apply for a card on your own. The fact is, if you browse the Payoneer website you won’t find an application form anywhere. This is because they do not deal with “individuals”.
To be able to access the application form, you need to be referred by a Payoneer partner, a sort of endorsement if you want.
Payoneer has partnered with many online businesses to offer them the possibility to make mass payouts easier, faster and more convenient for them and those who will receive them. If you are not already making money from one of Payoneer’s many partners, you will have to start by signing up with one of them.
We provide a complete list of Payoneer partners for you to choose from but we advise you to use the ones we recommend in our step by step Payoneer card application tutorial.
Once you have applied for your Payoneer prepaid card, you will have to wait for your application to be reviewed and accepted (or rejected). The review process usually takes no more than a week and you should receive an email informing you that your application has been approved both from Payoneer and the partner you went through to apply. The email will also inform you that your card has been sent to you by regular mail.
Depending on where you live on the globe, you might have to wait for your card to arrive for several weeks. Of course if you live in the US, it will be much faster.
Once you receive your Payoneer card, the next steps are to activate it and load money on it before you can start using it.
To be able to access the application form, you need to be referred by a Payoneer partner, a sort of endorsement if you want.
Payoneer has partnered with many online businesses to offer them the possibility to make mass payouts easier, faster and more convenient for them and those who will receive them. If you are not already making money from one of Payoneer’s many partners, you will have to start by signing up with one of them.
We provide a complete list of Payoneer partners for you to choose from but we advise you to use the ones we recommend in our step by step Payoneer card application tutorial.
Once you have applied for your Payoneer prepaid card, you will have to wait for your application to be reviewed and accepted (or rejected). The review process usually takes no more than a week and you should receive an email informing you that your application has been approved both from Payoneer and the partner you went through to apply. The email will also inform you that your card has been sent to you by regular mail.
Depending on where you live on the globe, you might have to wait for your card to arrive for several weeks. Of course if you live in the US, it will be much faster.
Once you receive your Payoneer card, the next steps are to activate it and load money on it before you can start using it.
Payoneer: What is Payoneer?
With booming Internet access and major improvements to collaborative work tools, employers around the world are finding it much easier to outsource work than it used to be a few years back. However, payment, particularly for firms whose workers live in many different countries, remains a complex task.
Businesses typically use wire transfers or services like Western Union, MoneyGram or PayPal to issue payments, all of which can result in fees and/or complications. Printed checks aren’t a better solution as they require postage and a significant snail-mail delay time… As a matter of fact, these services were initially designed to be used on a person-to-person or person-to-business basis, and are inefficient when used for business-to-person payments.
Payoneer offers a convenient solution to this issue by allowing organizations to pay large numbers of workers around the world, efficiently and securely directly to their Payoneer Prepaid MasterCard® cards, which avoids them the delays and heavy surcharges of more traditional methods mentioned above.
Payoneer is a privately-held start-up of Israeli origin founded in 2005. It now has its headquartered in New York and employs 55 people, including a team of experienced financial and technology professionals. Payoneer is backed by private and venture capital investors including Greylock Partners, Carmel Ventures, and Crossbar Capital and is a registered MSP with MasterCard.
As it is meant to offer businesses a better way to pay their workers, Payoneer Prepaid Debit Cards are co-branded with the company’s name and logo. This means that depending on the company that you apply through; your card’s look will differ as Payoneer offers customized cards.
The Payoneer’s MasterCard Prepaid Reloadable Debit Card can be use to buy goods and services or withdraw money anywhere in the world where MasterCard Debit cards are accepted, this includes websites, ATMs and shops. As you can see, the cards offered by Payoneer are not credit cards as you cannot spend more than what you already have on your card.
Businesses typically use wire transfers or services like Western Union, MoneyGram or PayPal to issue payments, all of which can result in fees and/or complications. Printed checks aren’t a better solution as they require postage and a significant snail-mail delay time… As a matter of fact, these services were initially designed to be used on a person-to-person or person-to-business basis, and are inefficient when used for business-to-person payments.
Payoneer offers a convenient solution to this issue by allowing organizations to pay large numbers of workers around the world, efficiently and securely directly to their Payoneer Prepaid MasterCard® cards, which avoids them the delays and heavy surcharges of more traditional methods mentioned above.
Payoneer is a privately-held start-up of Israeli origin founded in 2005. It now has its headquartered in New York and employs 55 people, including a team of experienced financial and technology professionals. Payoneer is backed by private and venture capital investors including Greylock Partners, Carmel Ventures, and Crossbar Capital and is a registered MSP with MasterCard.
As it is meant to offer businesses a better way to pay their workers, Payoneer Prepaid Debit Cards are co-branded with the company’s name and logo. This means that depending on the company that you apply through; your card’s look will differ as Payoneer offers customized cards.
The Payoneer’s MasterCard Prepaid Reloadable Debit Card can be use to buy goods and services or withdraw money anywhere in the world where MasterCard Debit cards are accepted, this includes websites, ATMs and shops. As you can see, the cards offered by Payoneer are not credit cards as you cannot spend more than what you already have on your card.
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