Payoneer Reviews

Key Features and Benefits of Payoneer:

1. Global Payment Solutions:

   • Cross-Border Payments: Payoneer enables users to send and receive payments in over 200 countries and territories, supporting multiple currencies including USD, EUR, GBP, CAD, AUD, JPY, and CNH.

2. Multiple Currency Support:

   • Currency Conversion: Funds can be held in multiple currencies, and the card automatically converts funds at competitive exchange rates when transactions are made in different currencies.

3. Real-Time Loading:

   • Instant Fund Loading: Users can easily load funds onto their Payoneer card in real-time, directly from their Payoneer account.

4. Secure Transactions:

   • Advanced Security Measures: Payoneer uses PCI-compliance, two-factor authentication, data encryption, and account monitoring for suspicious activity to protect customer payment history data and prevent fraud.

5. Integrated Payment Options:

   • Platform Integrations: Payoneer can be seamlessly integrated with various platforms and marketplaces, including Amazon, eBay, Shopify, Upwork, and Fiverr, making it easy to receive payments directly into the Payoneer account.

6. International Bank Transfers:

   • Competitive Exchange Rates: Payoneer facilitates international bank transfers, offering competitive exchange rates and transparent pricing to send money globally with ease and cost-effectiveness.

7. Contactless Payments:

   • QR Codes and OTP: Users can opt for contactless payment methods such as QR codes and one-time passwords (OTP) to avoid physical interaction during transactions.

8. Low Fees:

   • Transparent Pricing: Payments between Payoneer accounts are free, and other transactions have refreshingly low fees. The fees are transparent, ensuring no unpleasant surprises.

9. Customer Support:

   • Good Customer Support: Payoneer provides good customer support and dispute resolution processes through chat and chatbot options, or the resource center.

10. Mass Payouts:

    • Suitable for Large Transactions: The platform allows clients to create Mass Payouts accounts, suitable for companies that payout at least $30,000 per month to their recipients worldwide.

11. Payoneer Mastercard:

    • Debit Card: Users can access their funds using the Payoneer Commercial Mastercard, which can be used at ATMs and POS terminals worldwide.

12. Local Receiving Accounts:

    • Virtual Bank Details: Users can receive funds via local receiving accounts, which function similarly to bank account details, allowing clients or marketplaces to send payments seamlessly.

These features and benefits make Payoneer a versatile and widely accessible platform for freelancers, digital nomads, and businesses operating on a global scale.

Payoneer.com charges various fees depending on the services used. Here are the key fees:

• Annual Account Maintenance Fee: $29.95, charged after 12 months of inactivity.
• Transaction Fees:
  • Credit Card Transactions: Up to 3.99%.
  • ACH Bank Debits: 1%.
  • Internal Transfers: Free between Payoneer accounts.
• Currency Conversion Fees: 2% mid-market exchange rate.
• Withdrawal Fees: $1.50-$3.00.
• Inactivity Fees: $1/month for inactive accounts.

These fees can vary based on factors like account type, transaction volume, and specific services used.

Payoneer offers multiple payment methods to facilitate global transactions. Users can make payments using funds from their Payoneer balance to other Payoneer customers, suppliers, contractors, remote employees, and other recipients who are not using Payoneer. Payments can be made in various currencies, and there are options for global bank transfers and mass payouts.

For making a payment to another Payoneer customer, users can sign in to their account, select Pay, and choose Pay to a recipient’s Payoneer account. Payments can be made by entering the recipient’s email address or selecting a contact from the recent recipients list.

Payoneer also supports payments to recipients' bank accounts, with minimum and maximum payment limits displayed during the transaction process. There is an overall monthly payment limit, and if exceeded, users will be prompted to enter a lower amount or contact support for additional payments.

Payoneer ensures the security of transactions and provides options for reversing transactions if necessary. However, payment transactions processed with Payoneer are generally non-refundable and non-reversible.

In summary, Payoneer provides a flexible and secure platform for making business payments globally, with multiple payment methods and options to suit various needs.