Payoneer Review 2019: How to Accept Payments for Your Digital Products?

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By: Jim Harding September 9, 2019
Rating: 0 (0 votes)
  1. Payoneer Review 2019
  2. Payoneer vs PayPal: Why You Should Use Payoneer
  3. Payoneer Login: How to Register a Payoneer Account
  4. Payoneer Fees
  5. Funds Withdrawal from MasterBundles to Payoneer
  6. How to Withdraw Funds from Payoneer Card
  7. Final Thoughts

Payoneer Review 2019

Availability in 200 countries, 4 million users, payments in 150 currencies… I am sure you have already figured out that today we will talk about Payoneer, a large and successful financial business worldwide. If you are a business owner, consultant, or specialist, the issue of receiving payment is critical for you. Transferring your funds quickly, safely, and inexpensively are main principles of Payoneer.

Payoneer is an American payment company founded in 2005 that facilitates online payment transfers both within the United States and internationally. At the moment, Payoneer has several hundred partner companies around the world ( Airbnb, Upwork, Amazon, etc.), which allows you to officially receive payments from them on your card.

If you are looking for financial solutions for your business, whether you send/receive online payments domestically or internationally, Payonner is your #1 choice.


Payoneer vs PayPal: Why You Should Use Payoneer

Today, payment services are an integral part of online trading. Most online platforms offer to withdraw funds through PayPal and Payoneer. Availability of these payment options on the website of the online store is a certain indicator of the quality and integrity of the seller. Let’s compare Payoneer and PayPal services to check which one is the best solution to choose.

PayoneerPayPal
Year of establishment20051998
Number of active customers4 millionMore than 179 million
ServiceProvides solutions for professionals and businesses to send and receive payments globally.Operates as an acquirer, performing payment processing for online vendors, auction sites, and other commercial users.
Company sizeSmall business
Large enterprises
Medium business
Freelancers
Small business
Large enterprises
Medium business
Transfer typeOnline
Phone assistance
Online Only
CouponFree $50 Coupon.
FeeReceiving FREE / 1%0.005% +
+4-5% approx above
market exchange rate
Pricing modelQuote-basedMonthly payment
ConvenienceWith Payoneer MasterCard, you can access your funds at any time, at an ATM near you.With PayPal, you can withdraw money back to your bank account, or use it to make payments directly from your PayPal.
Speed0 – 3 Days0 – 3 Days
Regular payments
Mobile app++
Min transfer amountVaries Per Customer$0
Travel debit card+
Global bank accounts+
Languages supportedEnglish
Turkish
Dutch
Polish
Swedish
English
IntegrationsPayoneer’s API enables businesses and professionals all over the world to pay and get paid within their platform.PayPal Pro integrates with the following businesses:
  • Shopify
  • 123 Contact Form
  • Formsite
  • Bookeo
  • WooCommerce
  • Magento
  • IgnitionDeck
  • and etc.
List of features
  • Single payout
  • Mass payout
  • Receive payments
  • Funds withdrawal
  • Multi-currency support
  • Integrated payments
  • Escrow payments
  • Partner network
  • Accept PayPal payments
  • Accept Visa. MasterCard and American Express
  • Virtual Terminal
  • Accept payments in 25 currencies from 202 countries
  • Payment gateway
  • Options to simplify PCI compliance

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To summarize, both services fill a need. While the companies offer similar capabilities, Payoneer has a stronger focus on international transactions and claims to offer lower overall costs than its competitors. As you can see, they still differ in their fee structure, interactions with your accounts, international availability, and etc.

Payoneer has the edge over PayPal when you have to make larger transactions. In the case when you need to get a payout from online platforms, Payoneer comes out more profitable and fast. Join millions of businesses and professionals receiving cross-border payments via Payoneer to evaluate its benefits in full.


Payoneer Login: How to Register a Payoneer Account

To take advantage of all the benefits of the payment system, you should register your Payoneer account. Your decision should be conscious since all the data of the new client is checked, and any discrepancies can lead to cancellation of the application.

  1. Go to Payoneer.com and click on ‘Sign Up’ button ( with our referral link you’ll earn $25).
  2. Specify your name/e-mail address/date of birth in the form suggested. Click ‘Next’ button after.
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  3. Fill in the next fields with your contact address and click ‘Next’.
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  4. Specify a password and a security question. This information will help you to retrieve the password if forgotten.
    Payoneer Review 2019: How to Accept Payments for Your Digital Products? - png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=
  5. Provide your bank information and click “Submit”.
    Payoneer Review 2019: How to Accept Payments for Your Digital Products? - png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=


After, Payoneer will review your application and send you an e-mail with approval. Once this e-mail is received, you will need to activate your account.

  1. Login to your account using your Username and Password.
  2. Click ‘Activate’ button.
  3. Enter the 16 digit card number from your newly received card.
  4. Choose 4 digit PIN that you will be using in ATMs and stores.
  5. Click ‘Activate’ button and wait for the e-mail confirming your activation.

Now you are ready to start using your Payoneer account.


Payoneer Fees

RECEIVE PAYMENTS WITH PAYONEERFrom Another Payoneer CustomerUSD | EUR | GBP | JPY – Free
Via Receiving AccountsEUR | GBP | JPY | AUD | CAD| MXN – free
USD – 0-1% (fee varies by country)
Directly From Your CustomersCredit Card (all currencies) – 3%
eCheck (USD) – 1%
Via Marketplaces & NetworksFees set by each marketplace or network may vary. Please check their website for precise rates.
MANAGE YOUR FUNDSWithdraw Funds From Your Payoneer Account To Your Local Bank Accountup to 2%
Withdraw Funds From Your Payoneer Account To a Bank Account in The Same CurrencyUSD – $1.50
EUR – €1.50
GBP – £1.50
Manage Currencies With Payoneer0.5% of amount to transfer.
Fees are automatically calculated so you always know how much money you will receive.
PAYPay Your Service Providers With PayoneereCHECK – 1%
CREDIT CARD – 3%
LOCAL BANK TRANSFER -1%

Funds Withdrawal from MasterBundles to Payoneer

MasterBundles works with vendors from all over the world. The funds withdrawal process from MasterBundles to Payoneer for vendors is in no way different from any other marketplace.

You will need to send a payment request to our vendor communication manager via email and within 3-5 days we’ll make a payment. That’s it!

Moreover it is much easier for us to make a withdrawal of money on Payoneer than on Paypal. Payoneer accepts payments in USD, EUR, GBP, JPY, AUD, CAD & MXN – as if you had your own local bank account! Don’t have a Payoneer account yet? Sign up now and earn $25

Payoneer Review 2019: How to Accept Payments for Your Digital Products? - png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=

How to Withdraw Funds from Payoneer Card

If you have already received funds to your Payoneer account, go ahead and withdraw your funds.

  1. Login to your Payoneer account.
  2. Choose Withdraw >> To Bank Account from the menu.
    If you have not yet added a bank account to withdraw your funds to, you will see a page with guidelines on how to add a bank to your Payoneer account.
  3. Select the currency balance or card you want to withdraw funds from.
  4. Enter the withdrawal details
    1. Select the bank account you want to withdraw funds to.
    2. Enter the amount you want to withdraw. Note your available balance, displayed at the top of the page.
    3. If you wish, you can enter a description for your records. This is not a mandatory field.
  5. Click Review button to check the withdrawal summary.
  6. Check it out properly and mark the checkbox ‘I approve this transaction’ and click ‘Withdraw’.

You will receive an email confirmation after completing the withdrawal, and your funds will be available in your account within 3-5 business days.


Final Thoughts

Payoneer service becomes more and more popular every year. Existing and new services, one way or another related to eCommerce, include Payoneer as an effective method to withdraw funds. Payments from foreign companies are made without territorial restrictions: it does not matter where in the world you are. This method of money transfers is especially in demand among freelancers and other professionals who work worldwide.

Is Payoneer safe? Absolutely! So far, Payoneer has earned an impeccable reputation. It is known as a responsible and reliable company focused on quality customer satisfaction. Today, Payoneer services are used by millions of people from more than two hundred countries and hundreds of companies of international level. Start using Payoneer to enjoy all the benefits of this company!

When it comes down to it it’s Payoneer that we would have to recommend if you’re looking for the best online payment processor to use for sending and receiving payments as well as being able to access your money.

We’ve been using Payoneer for about 3 years now and we’ve had a wonderful time with the service they offer without any complaints regarding customer service or payment issues.

Visit Payoneer.com and Sign Up Now to Receive $25!

Author: Jim Harding

Hi, I'm Jim. Most of all in my life I like to receive mails from designers, marketers and developers about how introduction to MasterBundles site has changed their lives.Give a chance to your destiny - subscribe to our mailing list, add the blog to your bookmarks, buy bundles. Write to [email protected] if you want to talk or publish your article. I embrace each of you.

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