What is Payoneer ?
Payoneer is a financial services business that provides online money transfer and e-commerce payment services. Payoneer is a registered Member Service Provider (MSP) of MasterCard worldwide. The company is headquartered in New York City.
Payoneer was founded in 2005 with $2 million in seed funding from then-CEO Yuval Tal and other private investors. Israeli venture capitalist firm Greylock provided an additional $4 million in funding in 2007. It has also received funding from Carmel Ventures, Crossbar Capital, Ping An, Susquehanna Growth Equity and Nyca Partners.Payoneer board members include former Visa president Hans Morris and former SWIFT CEO Lazaro Campos. Companies using Payoneer include Amazon, iStockphoto, Elance, Google, 99designs, Welocalize, Fiverr, 123RF, Digital River, Quantium Solutions, uShip, and Airbnb.
Payoneer re-launched in India :
Payoneer, which is a popular online money transfer service has resumed their services in INDIA, after shutting down their operation in India for years. Payoneer used to be one nice alternative to PayPal again within the days, because it used to offer Debit card, which can be utilized for taking out money from the ATM.
This time, they’ve resumed service in India once more, with sure limitations as imposed by RBI. Though, the service continues to be profitable, because it makes it simpler for Indian bloggers & Freelancers to receive payment with fewer transaction fees than Paypal.
Note : You can’t receive cost from Everyone, as Payoneer allow you to accept Payment in India solely from companies which are in their white-list.
Payoneer is also great for people who want to purchase stuff online. The Payoneer MasterCard can be used to purchase hosting plans, domains, amazon products etc. Also, you can use the Payoneer card to purchase stuffs from your local supermarkets which accept MasterCard. You will not be charged any fee for purchase transactions.
Payoneer also has a refer a friend program that lets you earn $25 quite easily. Afer signing up, Payoneer will give you an affiliate link which you can share with your friends and once your friends sign up both you and your friends get $25
NOTE : For large amounts $1000+ I would recommend using the wire transfer because wire transfers have a fixed fee ($25 or less) and you can transfer large amounts at once. However, Wire transfers take 5-10 days to reach your bank.
If you are an Indian Bloggers, Affiliate Marketers or freelancer then i recomend you to start using Payoneer, which is the best alternative for Paypal. Through that way you will save so much in currency conversion & transaction charges. Listed here are a number of the companies that you can use for Payoneer
- 99 designs
- Gettty Images
- Odesk Corporation
- People Per Hour
- Value Click