If you are a blogger, if you own a website or if you conduct any type of online business that requires that someone pay you over the internet from another country across the world, then chances are that you will be looking for the most flexible payment option there is. Receiving quick and easy payments over the internet usually means that banks are generally not the best option, and for persons in developing countries local banks just don’t offer easily accessible options that cater to bloggers etc.
PayPal is one of the most popular methods of payment used by persons sending and receiving money online, but in many countries outside of the US, person’s simply do not have a way of accessing money from their PayPal account without using the money to purchase goods online. PayPal does in fact provide a debit card for account holders to access their cash, but sadly this is limited to the US.
So what is Payoneer?
“Payoneer is a financial services business that provides online money transfer and e-commerce payment services.” In other words, just like PayPal, you can easily send and receive money to Payoneer accounts, but in addition Payoneer sets up a virtual Band Of America account which you can connect to PayPal and withdraw money from PayPal or other online retailer.
Payoneer is available in over 200 countries worldwide so almost no one is barred from using the service.
Services Offered By Payoneer:
- Debit Mastercard
- Payment Request
- Withdraw Funds
- US Payment Service
- Credit Card Payments
Debit Mastercard – When you sign up for a Payoneer account, you will be sent a Debit Mastercard which you can use online of to withdraw money from anywhere in the world where Mastercard is accessible.
Payment Request – With a Payoneer account you can easily send a payment request form to companies or individuals to receive money owed to you. All that the form requires is an amount in USD, short description and reason for sending the payment.
Withdraw Funds – This option is not available in every country, but with the withdraw of funds option, Payoneer account holders can withdraw money directly to their local bank accounts.
US Payment Service – This service allows you to receive ACH transfers from US companies directly to your Payoneer account.
Credit Card Payments – A recent addition to Payoneers available services is the option of sending payment requests to credit card holders. As of July 2015 Payoneer has made it very easy for account holders to easily accept credit card payments online. Similar to a Payment request, all one has to do is fill out the request form and sent it to the recipient who completes the payment.
For persons living outside of the US such as those residing in developing countries who earn a living online, Payoneer simply is a life saver. I am yet to find another company that offers these payment options to so many countries across the world. As a Payoneer user, I simply have nothing to complain about, the service works very well.
If you are interested in signing up for a Payoneer account please do so through my referral link, this way you can receive a $25 referral award added to your account when you first receive US $100 to that account.
So there you have it, you no longer need to look for another payment option anywhere, but if you do find another option that rivals Payoneer, please let me know in the comments section below.