Payoneer Review

Payoneer is a great fit for all internet marketers and freelancers or basically anyone who wants to send and receive money online; safe and secured. The question is, is Payoneer the solution that you've been looking for all along? Find out by reading my honest review of the
Payoneer MasterCard Debit Card

By the way, I've got a surprise for you at the end of the review.

What is Payoneer?

Payoneer is a global payment processor that allows you to easily transfer money and receive payments at your home country.
It's an online payment solution much like Paypal, with a better service and a better support that you can count on anytime. How do I know that? Because to this day, I've never had a single problem with their service.

Headquartered at New York, Payoneer
was founded in 2005 with a promise to make online payment for people like you and me easier. And I have to admit, they have done a pretty good job so far.

When you first sign up for a Payoneer account, here are the things that you'll get for free:

  • A reloadable prepaid MasterCard debit card.
  • An online account that works as your dashboard to manage your transactions.
  • A virtual US bank account via the US payment service of Payoneer.

An example of a MasterCard Debit Card issued by Payoneer.

Why should I choose Payoneer?

It's quite natural for you to wonder why Payoneer is the ideal solution for you instead of the other services that are available online. To be honest, I myself haven't used all of the others, yet, but so far, I haven't found a single payment processor that works as well as Payoneer. Not only is it safe and affordable, they also make sure you get paid in time, without eating up a huge chunk of your money as a "transaction fee".

Benefits of using Payoneer

If that's not enough to convince you, then here are 5
reasons why Payoneer deserves to be your preferred payment processor:
  1. Payoneer has a great customer support. They respond fast and truly care about your problems.
  2. It is trusted by many big brands like Amazon, eBay, oDesk, Elance etc.
  3. It is available in more than 200 countries worldwide and supports over 70 currencies.
  4. Payoneer allows you to receive payment from any US company via the US payment service.
  5. Oh yeah, and Payoneer debit cards look really cool!
I myself have been using Payoneer for almost a year now; and so far, my experience with them has been really great! I never had any major problem with their service, everything was on time; and if and when I had any confusion, their customer support was more than willing to look into it ASAP.

Yes, not everybody will have a smooth experience like me, but for that, you can always turn to their reliable cutomer support like I said before. Besides, Payoneer also has a thriving forum with a lot of active members who are always ready to answer any question or confusion that you might have. The links are given below:

What can you do with Payoneer?

Payoneer basically allows you to do anything that you can do with any other Debit Card. You can easily:

  • Make payments and buy stuff online.
  • Withdraw cash from any ATM booth that supports MasterCard all over the world (there is a fixed fee of $3 for ATM withdrawal; you should check with the official Payoneer site about the fees before any kind of transaction.)
  • Receive online payments from any Payoneer approved partners.
  • Receive payments from ANY US company via the US Payment Service. You can even send a payment request using its invoice service. This is especially helpful for freelancers who work with US companies and need to get paid in their home country.

Global Bank Transfer:

Using this awesome service called the Global Bank transfer service from Payoneer, you can make direct bank withdrawal to you local bank. No hassle, no pain. Isn't that awesome? The only downside is probably the fixed amount of fee that you have to pay each time you withdraw, which varies depending on your country. 

But considering everything else, I'd recommend this service to anyone who wants to see his money in his bank account without losing his sleep. 

How do I sign up?

Signing up for a Payoneer account is quite easy. There are two ways to sign up:
  1. From the Payoneer main website.
  2. Through one of their partners, such as oDesk.
The process is fairly simple. Anyone over 18 years of age can sign up for a Payoneer account. All you need is any one of the following to complete the sign up process:
  • A government issued ID card
  • Or, a passport
  • Or, a driver's license.
I'm now going to show you step-by-step how to sign up for a Payoneer account:

Step #1: Go to the Payoneer website by clicking this link.

Payoneer homepage.

Step #2: Now, if you're a freelancer or an internet marketer who wants to get paid using his Payoneer debit card, then click the sign up button shown below (on the other hand, if you're a business owner or a company who wants to use the Payoneer service to pay their employees online, then click the other button):

Sign up with Payoneer as a receiver.

Step #3: Enter your name, email address and date of birth as shown in the image and click next.

Sign up process.

Step #4: In the next page, enter your country, street address, zip/postal code and phone number correctly and hit next.

Payoneer sign up details.

Step #5: Then choose a password and a security question in the next page and click next.

sign up for a payoneer card

Step #6: In the last step, Payoneer will ask for the details about your driver's llicense/passport/national ID. If you have any one of them ready, enter the details correctly and hit submit.

signing up complete

Once you've signed up and your account is confirmed, your Payoneer MasterCard debit card will be shipped to your address for free within 28 business days.

What are the fees?

The charges and fees may vary depending on which partner you have an account with. But generally, the yearly service charge for the card is $29.95. If you have sufficient balance, the amount will be charged automatically which means you don't have to renew it manually every year. If you don't have any balance, nothing will be charged.

You can also receive payments from any US company using the US Payment Service, with the transaction fee being 1% of the amount.

Get a free Payoneer Debit Card + $25 Bonus

Sign up for a Payoneer account and get $25 free!

Payoneer's exclusive 'Refer a friend' program allows you to sign up through the referral link of an existing cardholder and get a $25 bonus as soon as you receive or deposit $100 in your account.

So what are you waiting for? Sign up for a free Payoneer account and grab your international prepaid Payoneer MasterCard Debit Card.

Disclaimer: The article above is a review based on my personal experience with Payoneer thus reflecting my own opinions only and the information used here is accurate and up-to-date to the best of my knowledge. However, it may not be the case for all time to come, so please make sure to check with the official sources before you make any financial decisions.