Excellent option to receive payments from clients around the world!

 

Excellent option to receive payments from clients around the world!

Payoneer is a great platform for receiving payments from clients around the world. It's fast, reliable and very easy to use.

You can get paid in many different currencies at a really fair service fee, and you have the option to use the money with a Mastercard prepaid card or by withdrawing it to your local account, which normally takes one or two days to deposit it.

It's a great option with a great price for what is offered!

Pros

Payoneer is the best alternative to receive payments in different currencies from clients around the world.

As a freelancer or digital service provider you may deal with clients in many countries, and getting paid can be difficult and, specially, expensive. Not with Payoneer!

They usually charge 1% from USD payments or even zero for EUR and GBP payments. Also, when you withdraw the money to your local account, you will usually pay a fee of only 2% on the mid-market foreign exchange fee and get it deposited in one or two days at the latest (I receive it in my Brazilian account, for reference).

If you compare this to the industry most-famous player (PayPal), they charge like 6.5% when you get paid plus 3.5% on the foreign exchange fee.

Plus, Payoneer offers a Mastercard prepaid card, so you can also use the money directly with the card, without having to withdraw it (although it will cost 3.5% on the foreign exchange fee, instead of 2%).

Overall, it's a great and quite reliable platform! I've been using their services for around 5 years and never had a problem.

Cons

Unfortunately, their Mastercard prepaid card doesn't work with Samsung Pay or Google Pay (at least not until now, September 2021), so you can't leave it at home and make your payments with an NFC device like your phone or smartwatch.
Also, they still charge a fee of USD 29.00 per year for using this card. It made sense years ago, but with a higher competition and other platforms starting to offer similar services, this fee could be reduced or even eliminated based on your usage habits.

Payoneer, A Perfect Place For Freelancers

My overall experience with Payoneer is an excellent and 5-star rating. the reason why I have given 3 stars rating for the "customer support" feature is, once I was in trouble and PayPal was not accepting my "First Century Bank" details. And as an alternative, I was looking for another alternative bank of "first century" from Payoneer, so I mailed using the "contact us" bottom and the team used to respond to me after 11 days. i think this is too long, but it may be because of a covid pandemic. But if it was because of service quality, then it's not a good thing. I humbly request to the Payoneer team that please review this and made it fast.
Now if we talk about my overall experience with Payoneer, then it was so much friendly. I'm using Payoneer to receive payments from Fiveer and freelancing platforms, and I never get into trouble.
The exchange rate is also too good and withdrawal speed is also appreciated.
Definitely, I'm going to highly recommend starting using Payoneer.

Pros

As a freelancer, I liked the "global payments service" feature of Payoneer too much. I am using "First-century Bank" of Payoneer to receive payments from my clients online.
There is an option of linking our local bank account and mobile wallet too, So I'm using JazzCash to withdraw payments from Payoneer. The exchange rate of Payoneer is always high than every other platform.
The second thing I liked in Payoneer is a notification of upcoming payments. Whenever I use to withdraw payments from Fiveer, a notification appears in the upcoming payments tab.
Multiple currencies are also an amazing feature of Payoneer, I used to receive payments from my USA clients in USD, and from others, I use to send requests in EUR. I'm doing this Because my mostly clients belong to Germany and France.
once payments are received in Payoneer, I can easily withdraw to a local bank with 2 clicks.
There is no compatible Payoneer Debit Card. I'm using a Payoneer debit card on Namecheap to buy a domain and my experience is excellent. So I just want to say that the Payoneer debit card is much more secure and better than my local bank's debit cards.

Pros

As a freelancer, I liked the "global payments service" feature of Payoneer too much. I am using "First-century Bank" of Payoneer to receive payments from my clients online.
There is an option of linking our local bank account and mobile wallet too, So I'm using JazzCash to withdraw payments from Payoneer. The exchange rate of Payoneer is always high than every other platform.
The second thing I liked in Payoneer is a notification of upcoming payments. Whenever I use to withdraw payments from Fiveer, a notification appears in the upcoming payments tab.
Multiple currencies are also an amazing feature of Payoneer, I used to receive payments from my USA clients in USD, and from others, I use to send requests in EUR. I'm doing this Because my mostly clients belong to Germany and France.
once payments are received in Payoneer, I can easily withdraw to a local bank with 2 clicks.
There is no compatible Payoneer Debit Card. I'm using a Payoneer debit card on Namecheap to buy a domain and my experience is excellent. So I just want to say that the Payoneer debit card is much more secure and better than my local bank's debit cards.

Payment solution for your digital business

Overal I've used Payoneer without problems to get paid for freelancing work and to pay freelancers. It was a convenient way for me, but I don't like the lack of transparency and sometimes high fees. Payoneer has some catching up to do if it wants to compete with more modern payment solutions. That being said, Payoneer has been around for a long time, is secure and reliable, so definitely worth exploring if you're looking to add more ways to pay & get paid in your business.

NOTE

Go to Payoneer over here.

Bonus: When you sign up to Payoneer through this link, your account will be loaded an extra $25.00 for free once your account is loaded with $1,000.