Payoneer Review 2024 – Is Payoneer Legit & Safe To Use? Pros & Cons, Payments Features & More

Abrupt Review of Payoneer.

Payoneer is an online payment provider that allowing you to send and receive payments to businesses and markets worldwide. It intends for business payments, recipients, and cash transfers only. Therefore, depending on your and the beneficiary’s Payoneer accounts’ status, Payoneer’s service may differ slightly from a standard money transfer provider, depending on how the money transfer service operates. And also, services are targeting business owners, professionals, freelancers, and products or service markets. They provide direct payments solutions, integrations, currency conversions, and ways to pay employees, contracts, and others for business and marketplaces.

Also, their service is not intending for personal use. Some of the markets Payoneer works with include Amazon, Airbnb, Upwork, Fiverr, and more. Apart from that, they work across various industries, including e-commerce, advertising, stock photography, freelancing, and rental. Not only, but Payoneer is also a large and successful business with over 4 million users, available in 200 countries and 150 currencies. 

How Does Payoneer Work?

Creating a Payoneer Account.

  1. Using this link, click “sign up” on the Payoneer website and ask you if you are creating an account for professional or personal use. (You will receive a $25 bonus*. Further details are mentioned below.)
  1. Enter your personal information such as name, email address, date of birth, address, and phone number. 
  1. Enter a password using the  Payoneer username as the email address and select a security answer and a  question.
  1. Enter your account details.
  1. Confirm your Payoneer accounts by clicking the link sent to your email address. As an additional precaution will inquire from you to select two more security questions.  
  1. Payoneer will conduct a credit check. It will take two days to verify identity and process credit checks.
  1. Once approved, you can start requesting and sending payments through Payoneer.  

Receiving Funds.

There are two ways you can get funding through Payoneer.

  1. Payoneer sends them an email with payment details and options to pay you when using Payoneer to get customers to pay by sending a payment request. You will receive funds from your Payoneer account within a few days, depending on the payment option used.
  2. For the markets and companies to receive payments through bank transfers, Payoneer provides accounts that work like local accounts. Therefore, you can get local bank transfers in the local currency itself. 

You can also make business-related payments using one of the many methods available to other Payoneer customers according to their eligibility. If you provide service through marketplaces like Airbnb and Upwork, you can choose Payoneer as your payment method. 

Is Payoneer Safe and Legit?

Payoneer is a secure,  legitimate, and trusted platform that can keep you relatively safe over the internet with secure encryption and consumer protection. Payoneer is an honest, fully regulated US company registered as US Money Service Business (MSB).  They have been operation since 2005 and are PCL level 1 Data Security Standard certified, which means they must maintain a high level of security on their networks and system. Except for electronic security, Payoneer has implemented procedures to ensure physical safety and integrity of data. They regularly update their protocols to prevent data loss due to theft, fire, or accidents.

All-access points are protecting by virus detection systems and firewalls to prevent unauthorized access and harassment, and Payoneer’s IT systems undergo a mandatory comprehensive annual PCI audit. Every transaction is protecting by modern hacking methods and firewalls to prevent fraud, phishing encounters, identity theft, and other types of attacks. Also, they send an email notification about all business transactions will notify via email. Therefore, this will help you to keep a complete record of your account.  

Services and Coverage.

Payoneer Global Payment Service.

The Global Payment Service gives you the Payoneer receiving account, and this account allows you to accept payments in multiple amounts just like you would with a local bank account. When paid, it will credit to your account, and you also can make free payments to other Payoneer customers around the world. Especially note that Payoneer services are designing for business transactions only and not for personal transactions. 

Payoneer Billing Services.

Payoneer’s billing service works with the global payment service as well. With a few clicks, you can quickly request a business payment and send it to your clients. They can also pay the bill or invoice with a credit card, debit card, or bank account and do not need a payment account. Finally, payment will transfer to your Payoneer receiving account. Please note that this service is explicitly designing for billing clients for business products or services. So, this service is not eligible for payment for the sale of goods or services to customers and should only be limited to business-related transactions.

Payoneer Mass Payout Service. 

Payoneer is working with many established businesses and marketplaces and allows you to receive payments from people using that marketplace. For example, if you rent through Airbnb, provide services on Fiverr, or sell goods on Amazon, you can transfer the money you receive through those markets via Payoneer. 

Withdrawing Funds From Payoneer.

If you want to access your Payoneer funds, you can transfer them from your local currency to your local bank accounts in over 150 countries and cash. So, you can withdraw your money to a prepaid card or through an ATM. What is the Payoneer minimum withdrawal amount? Payoneer minimum withdrawal limit is $50 (or a similar amount from any currency).

Payoneer Prepaid Cards – MasterCard / Credit Card / Debit Card. 

Payoneer also offers prepaid cards from Master Cards that can link to any currency in your Payoneer account. Besides that, you must have a different physical card for each piece of money. And also, prices and fees for your prepaid card can find in your account details as well.

“The Payoneer Prepaid MasterCard® card is essentially a combination between a credit card and a debit card.” “You’ll be able to order a Payoneer card once you’ve received payments of at least 100.00 USD (or equivalent) to your account in the previous 6 months.” -An Official Statement from their Website/Blog.

So, you must have a minimum balance of $100 to order a Payoneer MasterCard. Then you will be able to order a Payoneer card free.

This pre-paid card allows a total limit of $10,000 as the maximum balance. A daily spending limit is set at $5,000, and the daily cash withdrawal limit is set to $2,500. And, Payoneer card costs a $29.95 annual fee. Also, you can use Payoneer without a card.

Payoneer Mobile Applications.

Payoneer provides a mobile application with limited functionality and, the app is available for both Apple and Android devices and allows you to:

  • Check all cash and card balances immediately.
  • Review all transactions for all credits.
  • Filter key transactions into previous transaction criteria.
  • Get information quickly with a secure login. 

Click here to install the Payoneer Mobile Application (Android/Apple iOS App).

Payoneer Review Online Money Global Mass Payments Transactions. Online Banking Safe and Legit E-Money Wallet with Payoneer MasterCard and Account Dashboard Full Guide

Additional Perks and Services from Payoneer. 

  1. VAT payment services.
  2. Integrated payments platform.
  3. API functionality.
  4. Partner directory.

Read: Is Skrill Legitimate & Safe to Use? – Explained about Skrill Wallet & Money Transfer Service.

Affiliates Program – Payoneer.

Refer to a Friend Program.

The Payoneer refer-to-friend program is a great way to earn extra money by telling your friends about Payoneer. When your friend signs up and makes $1,000 in payments, you both win a $ 25 prize. So, suppose you are a Payoneer user who is content to advertise in your professional network about a simple, fast, fixed and secure way to receive international payments. In that case, this program is a good option for you. Therefore, you can grow a significant new revenue stream by doing a few simple things to share a Payoneer with your professional network.  

Benefits of Affiliate Refer To A Friend.

  • Trouble-free and straightforward: inviting friends is as easy as sending an email invitation or posting it on social media.
  • Get paid for Payoneer recommendation: earn $25 for every friend who signs up and earn at least $1,000

Payoneer Affiliate Program.

Like many affiliate programs, the Payoneer affiliate program is essentially an agreement that Payoneer pays a commission for quality-refers. After the referees sign up for Payoneer and earning at least  $1000, affiliates make a commission. Therefore, experienced affiliate marketers, bloggers, website owners, and social media leaders are the best suited for an affiliate program.

And anyone with large-scale access to relevant target audiences: e-sellers, service providers, and similar professionals as well. Especially, to apply for the Payoneer affiliates program, you must earn at least ten referral friend awards, and it is the condition for joining with the program.

Benefits Of The Payoneer Affiliate.

  • Higher payouts are increasing when you focus on more quality users.
  • Partner with an award-winning company in a fast-growing industry.
  • Become a Payoneer user and get paid directly into your local bank account or Payoneer prepaid MasterCard. 

Tremendous Advantages of Payoneer.

Get $25 for joining Payoneer. 

If you are a new member and eagerly looking for an excellent way to get your hard-earned money, Payoneer will not only allow you to receive your money. But also give you a 25 USD bonus as a new customer. Upon receiving $1000 from any Payoneer authenticate company, you will receive a $25 reward on your Payoneer account within seven days. The reason for this is that if they pay $25 directly to every Payoneer user, then people will start spamming with Payoneer.

No bank account is needing for signup.

Payoneer offers a Mastercard because you do not need any bank account to withdraw your money. You can withdraw money directly from any local ATM in your state. So, if you do not have a bank account, you can still sign up for a Payoneer account. Besides, if you have a bank account, you can add that bank account to your Payoneer account and withdraw your Payoneer dollars to your local bank account. 

Fastest service to receive payments. 

Everyone is expecting their money as soon as possible. Here, in my opinion, a Payoneer is the best to get your money in a few hours by using Payoneer. You can also use their express delivery system to get your money in 2 hours, but they often send us cash within 10 minutes. So Payoneer service is just similar to fast food just ordered and eat. According to the receiving speed, Payoneer is better than PayPal.

Accepted by leading big organizations. 

At present, Payoneer has become an extensive organization and has become the support of many companies and free websites. It demonstrates that Payoneer has become a payment method for many companies. Especially if you are an internet marketer, your affiliates’ commissions are significant to you. So Payoneer is beneficial for you to get your payment from different sources. So, this is the short and sweet list of the most popular sites that pay through Payoneer.

  • ClickBank
  • Neverblue
  • ShareAsale
  • CPAlead
  • BuySellAds

Make Money Using a Payoneer.

Mainly, Payoneer also provides a very fantastic feature for its users. So you can make a huge lot of money using Payoneer. All you have to do is copy the link to your friends by clicking the widget on the Payoneer dashboard’s right side and sending that link to your partners, friends, and customers to connect with Payoneer. Then, anyone who connects to Payoneer using your link will receive $25 as a gift, and you will also receive a $25 prize when your friend receives at least $1000 from a verified company to his Payoneer account.

So, this is how Payoneer offers job opportunities to its customers. You can be an eligible user for the reward by registering using this link.

In addition to mentioned above, you can have more benefits such as withdraw anywhere in the world in their local currency, integrate Payoneer with PayPal, fastest local bank transfer, send money to friends without any fees, and receive Amazon affiliate money. And there is fantastic customer support as well. 

Payoneer is also great for saving your money on fees and taxes, as it is much cheaper than other companies. Not only that, but conversion rates are also excellent, so you don’t have to worry about them. If you have not already registered with Payoneer, then go and sign up for Payoneer, which has a wide range of payment services and solutions and enjoys impressive benefits.

Also Read: Fiverr Review – Complete Guide for Buyers/Sellers(Freelancers) – Fully Explained.


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