How to Use Payoneer
However, for those who are using Payoneer for the first time, it can be fairly confusing at first. This article will discuss everything you need to know regarding how to use Payoneer.
WHAT IS PAYONEER?
Avid followers of this blog, if there are any, will already know that Payoneer is a payment solution company that issues Prepaid MasterCard Debit Cards to freelancers and other people receiving income from foreign countries.
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| Payoneer.com |
Payoneer cards can be used in all over the world where MasterCard is accepted. How it works is that you receive money through a number of Payoneer partners (including Freelancer.com, oDesk.com, Elance.com etc). Once the money is loaded onto your card
(free $25 bonus once you load $100 to your card)
WHAT ARE THE ADVANTAGES OF USING PAYONEER?
Since Paypal is not available in some counteries, Payoneer remains the most reliable way to receive money from clients abroad. Although at times you may feel like the fees are high, you are guaranteed on-time money (within 2 hours of loading if urgent load option is selected).
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| Source: Payoneer.com |
You can withdraw money from select ATMs across the world, or use the money at POS terminals at petrol pumps, shops, restaurants and other vendors. If you decide to go for Payoneer, you don't have to rely on local banks, which have a habit of charging hidden fees.
HOW DO YOU SIGN UP FOR PAYONEER?
You can either sign up for Payoneer by clicking here (annual charge instead of monthly charge + $25 bonus once you load $100 to your card)
OR
you can sign up directly through your Payoneer partner and pay a monthly fee and receive no bonus.WHAT ARE THE PAYONEER FEES?
Below is the fee table for the card if you decide to order from this site. If you decide to order it through a specific partner, check out the fees for that specific card when applying for it. Most cards have the same fee structure, except instead of an annual fee of $29.95, they have a monthly fee of $3 (totalling to $36 per year).
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| Payoneer Fee Chart (Source: Payoneer.com) |
(free $25 bonus once you load $100 to your card)
HOW LONG DOES IT TAKE TO SHIP PAYONEER CARD?
We did a survey and found that the average time it takes to ship Payoneer card to your home is less than 35 calender days. This means that if you select regular shipping option, you can get your card within the calender month.
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| Image taken from smashingsoftwares.blogspot.com |
A large number of people got their cards within 20 days, but for some exceptional cases, it took as many as 40 days..
If you need your card urgently, you can pay extra and have it couriered to you within three working days. However, in order to do this, you have to pay a hefty fee.
HOW TO USE PAYONEER Card?
We have written in great detail about how to use Payoneer before, but since those posts are quite old now, we decided to write a new post about how to use Payoneer.
Once you apply for the Payoneer card here:
1. ACTIVATE YOUR PAYONEER Card
- Tear open the envelope you have received from Payoneer in the mail
- Unpack the card and take out the activation instructions letter
- Go to your PC
- Go to www.payoneer.com
- Click on Activate your card in the panel on the right
- Enter your account details to login to your Payoneer online account (these are the same details you chose when you ordered the card). The username is your email address and the password is what you chose it to be..
- Once you login, you will see a button you can click to activate your card. Click it!
- Enter the 16 digit card number located on your card, and choose a 4 digit pin number.
- Celebrate the activation of your card!
(free $25 bonus once you load $100 to your card)
2. USE YOUR PAYONEER Card
- Your Payoneer card can be used in thousands of locations across the world
- You can withdraw money from selected ATM machines all over the world, where MasterCard is Accepted.
- Make sure you look out for the MasterCard LOGO on the machine before you insert your card
- Remember that all transactions via ATM machines are done in local currency.
- Remember: DO NOT CHECK ATM BALANCE FROM THE ATM but to check it online.
- You can also use your Payoneer MasterCard debit card at any shop, petrol pump or restaurant that accepts MasterCard payments. All big stores etc accept this method of payment.
- You must enter in the AMOUNT IN Local Currency after converting the dollar amount that is in your card. You can only withdraw in local currency and not in dollars.
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| Source: Payoneer.com |
(free $25 bonus once you load $100 to your card)
