What is Payoneer? Is Payoneer Safe in 2024? – The name Payoneer is probably very strange to many people, but for those who make money in the form of MMO, the Payoneer card is probably no longer strange. So let’s find out what Payoneer is? Is it safe or not? How to withdraw Payoneer money?
Table of Contents
What is Payoneer?
Payoneer is a company specializing in providing international payment services for individuals and businesses in need of payment services between countries, founded in 2005 in New York (USA).
The Payoneer card is considered almost a Mastercard , almost like a regular ATM card but it is linked to the Payoneer account. You will use your Payoneer account to make payments and the Payoneer card is only to withdraw money.
Payoneer advantages and disadvantages
Advantages of Payoneer
Payoneer can pay in over 100 currencies in over 200 countries, with unlimited payments.
Withdrawing money from abroad to your country is very easy. You can use this Mastercard anywhere as long as Mastercard is accepted. You can also use it to withdraw money directly from ATMs .
Payoneer’s collection and withdrawal fees are lower than Paypal’s, with fees of 1% for collection and 2% for withdrawals for banks.
Paypal limits accounts, but Payoneer does not. High level of safety and security.
Withdrawing money from international online money-making sites within the same day has returned to your country. Transactions are quick, usually only taking a few hours or a day.
Payoneer’s customer service team is very friendly and enthusiastic.
Disadvantages of Payoneer
Delivery takes quite a while, usually Payoneer cards take about 2-4 weeks to reach you.
You cannot change your banking information, even if you are the owner of the account.
Payments for online games, non-profit organizations, virtual currencies, and money transfers are not supported.
Not supported as many payment emails as Paypal.
Instructions for registering a Payoneer account
Step 1 : You need to visit Payoneer ‘s website and click ” Sign Up ” to register an account.
You can register as an individual or a company depending on your needs. And you need to fill in all necessary information such as full name, email address…
Step 2: Fill in contact details
You need to fill in your address and phone number information, this is the information Payoneer uses to contact you so it needs to be filled in correctly.
Step 3 : Fill in security details
When filling in security details, you need to remember the above information for later use. Password includes at least 7 characters and has at least 1 Latin letter (AZ) and 1 number (0-9).
Step 4 : Connect your bank account to Payoneer
In this step, you choose to link your local bank account by filling in full bank information such as account number. When your account has balance and is connected to Payoneer at the initial step, you can withdraw money to your bank account or add another bank account to withdraw money.
Note: Before registering with the above steps, you need to prepare the following information:
Email address, identity card or citizen identification card, having an ATM account, phone number information and specific address
How to withdraw money on Payoneer
Steps to withdraw money on Payoneer:
Step 1 : You need to log in to your Payoneer account, usually when you register you are required to add your bank account. If you haven’t already, tap settings to enter your account number.
Step 2 : Once you have a bank account, you can withdraw money from Payoneer to your bank account in the following ways:
Select Withdraw payment -> Local bank -> Select money source -> Select bank -> Enter amount -> Description . Next click Review.
Step 3: Completing the transaction will take from 1 to 4 days.
You can also withdraw money from Payoneer at an ATM: withdrawal will be similar to withdrawing money from a regular ATM card.
Is Payoneer safe to use in 2024?
Security and safety : Payoneer’s security is relatively good, the Payoneer community in your country has not recorded any payment errors. However, PayPal is still rated a bit higher in terms of security.
Some notes when using Payoneer cards:
- Do not share card images with anyone, because they may be taken advantage of by others.
- When entering Payoneer card information, you need to carefully check whether the website information is trustworthy.
- Do not register for promotions as fees will be deducted from your account.
- The Payoneer card can meet shopping needs, but only top up when spending in a short time, to avoid the situation where your money is dead on the card.
Conclusion
Payoneer is a useful, convenient service for international recipients and payments. Above is the article: “ What is Payoneer? Is it safe? Can I withdraw money?