
Making international business payments
can be hectic if you don’t have good online transfer service. There are lot of
options available in market such as PayPal, Payoneer, Skrill, Bitcoinetc. These
all vary in timing, security, cost and ease of use. Today we will talk about
Payoneer.
What is Payoneer?
Payoneer
is global payment service as like PayPal which offers a safe way to make
payment, receive payment or transfer moneyin your currency. At present Payoneer
is available in more than 200 countries with more than 100+ currency options.
This makes it true global leader in fund transfer service. Payoneer is
available as prepaid debit cards, international wire transfers, and local
eWallets as well. Payoneer can be a good PayPal alternative.
Sign Up Payoneer and Get $25?
The sign up process is very simple. To
open an account you must be 18+ age and you need to provide bank account no to
receive the funds. Payoneer has brought amazing offer for Indian freelancers, when
you sign up and use it for $100 transaction, you will get $25 just for using
it. On top of it, if you refer Payoneer and your referred user completes $100
transaction, you will get $25 as referral bonus. So why don't you to try
Payoneer's "Refer a Friend" sign up program to make some extra bucks!!!
Once you open an account, you will
receive Payoneer MasterCard debit card which can be activated by using website.
You can use it to withdraw money from local ATM.
Payoneer India Limitations
·
Limit of INR 5,00,000
per single transaction
·
Daily Payoneer to
Bank transfer limit is 5,00,000
·
Monthly transaction
limit INR 2,500,000
International Money Transfer
To make or receive funds, you must
have Payoneer Account. The major benefit is you will get US or EUR collection
accounts even if you are not present in that country. In simple words Payoneer
provides you virtual US account and a routing number or a European account and
BIC ad IBAN number so that you can receive payments as like locals. This seems
to be an excellent solution for freelancers or mid-size enterprisers or
professionals.
Withdrawing Funds
There are 2 ways to withdraw fund
1.
Mastercard Debit Card
2.
Local Bank Transfer
Payoneer Mastercard Debit Card is
worldwide accepted where MasterCard is accepted. The major advantage is your bank
account is not mandatory to get this card. Anyone above 18 years of age can
apply for this card to receive to transfer money online. As a standard debit
card you can use it for making purchase or withdraw money from local ATM. But
another hurdle is withdrawing money from ATM will cost you more, yes,
additional fee of $3.15 per transaction is applicable.
Transferring money to local account is
time effective. It takes less than 24 hours to local bank transfer.
Key Features of Payoneer
·
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
·
ATM is chargeable
·
Local bank transfer
is less than 24 hours
Conclusion
Payoneer also has mobile app with 19
language support. You can view balance in 20 currencies in tabular form which
make your account management job easy. This is available in Google Play and
Apple Store. So if you are looking for better PayPal alternative option,
Payoneer is the best suite. 100 % Recommended.
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Author Bio
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Gangadhar Kulkarni is an Internet Marketing Professional having extensive experience in digital marketing. He is also the founder of Seogdk and Director at DigiTechMantra Solutions, a one-stop shop for all that your website needs. It provides you cost effective and efficient content writing and digital marketing services. For more information catch him on Facebook | Twitter | LinkedIn | G+ | Pinterest
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