WHAT IS PAYONEER?
Payoneer is an online payment processor which is used and available worldwide. By using Payoneer users can send, receive, deposit and withdraw their cash among many other facilities.
WHAT IS AN ONLINE PAYMENT PROCESSOR?
An online payment processor is such a system which allows users to perform financial transaction digitally on the web in a safe and secure manner. An online payment processor may be providing many facilities such as sending, receiving, depositing and withdrawing cash among many others. There are a number of popular online payment processors available such as Paypal, Payza, Skrill, etc among many others.
WHERE IS PAYONEER BASED?
Payoneer is headquartered an based in New York, United States.
HOW LONG HAS PAYONEER BEEN OPERATING?
Payoneer has been operating since 2005.
DO PAYONEER OFFERS A MOBILE APP?
Yes, Payoneer offers a mobile app which is available for both major mobile platforms like Android and IOS.
WHICH CURRENCIES DO PAYONEER SUPPORT?
Payoneer mainly supports payments in the USD but local bank transfers can be done in the respective country's local bank currency.
DO PAYONEER SUPPORTS CRYPTOCURRENCIES?
No, Payoneer does not support buying or selling or cryptocurrency.
WHICH DEPOSIT/WITHDRAWAL METHODS ARE AVAILABLE?
Deposit Methods:
You can deposit your account mainly by receiving payments from a number of freelancing websites and personal business organizations. Cash deposits are not available currently.
Withdraw Methods:
- Payoneer MasterCard
- Bank transfer
IS PAYONEER AVAILABLE WORLDWIDE?
Yes, Payoneer is available worldwide in most countries.
FINAL VERDICT?
Payoneer is a long running and trusted payment processor. Though it is different from other payment processors in the way that it does not support cash deposits and amounts are normally received either from freelancing websites such as Fiverr, Upwork and Freelancer, etc or by a personal working organization. The site is mainly used to receive payments from online business entities as a whole, not from separate individuals.
PROS:
Old and trusted
Available worldwide most countries
Best for receiving payments in freelancing websites
Offers a free MasterCard worldwide
Free bank transfer with minimum 50$ threshold
24 hour live customer support
CONS:
No cash deposits
High activity fees
Not many online merchants supported
FINAL VERDICT:
