An online business requires an online money transfer to make the business and transactions easy to manage. Different merchants offer services to the online business owners and other people that work via the internet. Payoneer is among the reputable merchants that offer the online transactions. You can receive money via the internet, and also make transfers to your local bank account. Payoneer also works along with the internet banks to allow the clients to make their transactions.
What does Payoneer Offer?
Two major things are offered by Payoneer;
• Global mass payments for the online marketplaces. You can pay different people from anywhere around the world. This feature is suitable for the companies that pay their freelancers via the internet.
• Global money transfers for Professionals and SMBs. With this, you can get EUR and US collection bank accounts that allow you to get paid like the locals. The bank accounts are available, even without you living in America or Europe.
Opening an account
To get started, you will need to set aside an annual fee of $29.95. This fee is not much of an issue to most of the freelancers. If you get paid via the internet, this fee is easy to manage. When you have signed up for the Payoneer account, you will be given a Mastercard debit card that is sent via your email address. You will need to activate the card via the Payoneer official website. To use the card, you will need to have funds in the Payoneer account. This acts like an online bank account that will be deducted when you withdraw from your local bank, or when you make online payments.
Withdrawing funds
You can withdraw funds from the Payoneer online bank account either directly from the Mastercard debit card that is supplied, or through the local bank transfer. The Mastercard will work just like any other credit card. Just make sure that you have funds in your Payoneer account. To transfer money to your local bank account, the fee will vary from one country to another.
With Payoneer, you cannot load funds into your account by yourself. You only receive funds in the form of a particular payment. The account will be loaded through business activities, and other transactions carried out online. There is also a feature that lets you earn money from credit cards. However, you will need to contact customer service to access this feature.
Payoneer is a reliable online transaction option, which also works along with other online savings accounts. You can establish a stable online account with Payoneer.
