Payoneer India: How to register Payoneer account?

Payoneer Introduction

In 2005, a company that specializes in financial solutions that deal with online payment transfers have been founded in and headquartered in New York City – the United States of America and has been called Payoneer. It has over four million users in over 200 countries internationally that have the ability to process cross-border transactions in more than 150 currencies. Payoneer has the support of over 35 languages as the platform that offers costless transactions for the selected countries.

From the $2 million of seed funding, the founders Yuval Tal and Ben Yaniv Chechik have been raised over $265 million from a spectrum of investors. Having the top prominent financers such as Wellington Management, 83North, Crossbar Capital, Technology Crossover Ventures, Viola Ventures, Susquehanna Growth Equity and Carmel Ventures is what makes Payoneer guaranties that it is a reliable financial institution that has the full ability to operate all over the world.

Payoneer has recognized itself as a great money transfer the solution that will benefit from a service provider for businesses and freelancers. Having a Payoneer account is making every payment efficient in every service provider, online sellers, and other businesses as great solutions. It has become a great advantage for every freelancer and individuals working online to manage their financial transactions and easily receive their payments directly into their Payoneer account. Payoneer has its international partnership along with the worldwide marketplace and online networks such as Airbnb, Upwork, Cdiscount, Fiverr, CJ Affiliate, Wish, Getty Images, HomeAway, Rakuten, Lazada, and Tradedoubler AB, and more. Payoneer guarantees low transfer fees, quick transaction procedures, and most importantly an accessible cash right through your bank accounts or ATMs.

Overview: Payoneer Features International Services

• Single Pay-out
• Receive Payments
• Funds Withdrawal
• Mass Pay-outs
• Escrow Payments
• Partner Network
• Multi-Currency Support
• Integrated Payments

What is Payoneer? And why it can be a real benefit for every business owner and every working individual?

Payoneer empowers global commerce with an innovative cross-border payments platform. It has a quick, easy, and low-cost financial solution to get paid by every client and customers international either it is a company or individuals, having a Payoneer account you can easily access your funds anytime, anywhere, and receive your payments. Having a hassle-free experience in the way of getting paid is what it benefits you having a Payoneer account. The fact that there are over 3 million customers all over the world is relying upon and using the Payoneer account for a very simple and precise reason; To reduce the payment fees, avoid charges, increase earnings. Payoneer account is offering a more currency that you can be paid such as USD, Euros, Pounds, The Chinese currency, Japanese Yen, and other international currencies.  And if you need help, Payoneer has a very fulfilling customer care which is always available, 24 hours a day, and 7 days a week.

How are you Getting Paid through Payoneer?

If you work directly with clients then Payoneer will be your best solution to get paid easily and directly to your bank account with a hassle-free experience in the full payment transaction. It is fast, efficient, reliable, and secure as it will be directly linked to your provided bank account. Another great advantage is that you can connect your Payoneer account in different marketplaces and networks.

Advantages of having a Payoneer Account:

• You can withdraw your payments, anytime, or anywhere in the world from your Payoneer account to your local bank account, in local currency.
• Pay another individual having a Payoneer account international without any additional charges.
• Withdraw your Payoneer funds at ATMs worldwide and even make a purchase online.
• Hassle-free experience in every payment transactions and receiving funds

How to Create a Payoneer Account?

The bank account will be the number 1 requirement in creating a Payoneer Account such as having prepaid bank accounts or debit cards wherein the Payoneer account will be linked.

• First, you may open the Payoneer website – payoneer.com. – Payoneer allows only one bank account to be linked, unlike the other electronic payment transfers that allow multiple accounts and different email address and financial information. Payoneer requires only one name and account.
• Let’s find the right account for your needs – fill in the required field that will be suitable for you with your expected monthly sales volume information.
• Registration – fill in the full information as required; Make sure that you will be filling in each field accurately with a right basis or valid identifications or a government-issued ID.
• Tip – cover your mouse in the question mark button that you will be seeing in every textbox to double-check the right information as needed.
• There will be email verifications in the future that are why you need to make sure to provide the correct and active email address.
• Date of birth shall be filled according to the Identification card information registered as it will be screened to be validated by the website; Payoneer users shall be 18 years old and above.
• Payoneer Sign Up – that shall be filling in with English characters only; the actual residential address and country shall be provided accordingly along with the phone type, phone numbers.
• Next will be the Security details wherein you will be placing your password; the password should be at least seven characters that will be composed of alphabet letters, characters, and numeric symbols. In creating the password, having it a full small letters will be accepted even without a capital letter.
• The security question is very important for the password verifications and will help you to recover your password just in case you have forgotten it or unable to open your Payoneer account.
• For your Payoneer account security, make sure that the security questions will be highly confidential and keep it to yourself, so you must create it very carefully.
• Identification information will be asked and shall be filled with the full information accurately. These valid IDs are very important to have and make sure that is validated such as passports or other ID issued by the government, ID number, and code will be required.
• Banking Details – All the bank information shall be filled such as the bank address, country, currency, and bank name.
• There will be a list of banks provided where you can check if your bank is eligible for the Payoneer account.
• Entering the account name and number should be the full official Bank name exactly as it appears to your bank details.
• Make sure to carefully read the terms and conditions
• The pricing and fees will be showing the price list and charge details by Payoneer. Once you have received a payment you will see the charges services and the percentage controls in every transaction.
• There are companies with a fixed amount sending according to the transfer fees payments. It will be depending on the companies pricing and payment program and defaults.
• Compare to other financial online accounts, Payoneer is offering good options as it has smaller fees required.
• Another advantage of the Payoneer account is that when you are withdrawing funds received in USD will be free of charge during the bank transfers and there will be no other charges. Payoneer has a higher conversion rate than the other financial online account.
• Once you have submitted the complete application, and will immediately be reviewed.
• Once you have received an email enclosed with an approval notice, Congratulations! You can now start signing in using your Payoneer account.
• Security questions will be asked, for the verification as well as the services that you are providing. You can link your social media account or a link to your website.
• For the final verification, you will need to upload a copy of the identification card and submit. Once you have received a successful notification, you can start using your Payoneer account and do your financial transactions safely and secured.

Pros and Cons in using Payoneer

Pros

1. Payoneer offers the best financial services online that provide a convenient pickup method. Having quick transactions of bank transfers procedures with a very easy to understand on how to access funds. It has been a very convenient pay-out method as you can send or transfer the fund to your local bank.
2. Payoneer supports international acceptance in sending and receiving funds internationally as it has the top location coverage and extensive support in sending funds as it has network coverage of more than 200 countries.
3. It offers the lowest domestic rates and a free of charge services in sending and receiving funds and even uses it to make online payments to the marketplace worldwide.
4. It has the low minimum transfer fee amount of transfer $20 to use the Billing Service or $50 to use Make a Payment. Once you did the direct withdraw in the bank, you will be having a higher exchange rate of 2% above the mid-market rate.

Cons

1. It has limited access for payments as some of the Payoneer account holders cannot use it to make payments. Your Payoneer account needs to receive funds first from the international partners through Payoneer Global Payment Services.
2. It doesn’t necessarily mean that even the Payoneer can transact international fund transfers is you can manage the purchase or other billing services. Since that the Payoneer has a limited international transfer, the account holders cannot load funds onto your Payoneer Mastercard, and withdrawing funds across currencies carry fees.
3. Payoneer has higher exchange rates that take more than 2% in the mid-market rates in every currency conversion. That could be resulting in a lower equivalent in local banks but actually higher than the other online services.
4. When it comes to receiving and withdrawing funds, Payoneer is requiring a transaction fee, while the other money transfer services occur charges only during receiving or sending funds, not twice.

Conclusion:

In this modern-day of living, Having accessible online money transfer services that provide great facilities has become very helpful in every individual. Online payment solutions for business transactions and individual such as Payoneer was indeed such a reliable financial institution that provide the great services, fast and efficient that always delivers a hassle-free experience to every account holders and users.

With the Payoneer account, every commercial payment and sending funds are being transferred internationally quickly. Payoneer’s provides different ways and great opportunity to transact payments worldwide. As it offers reliable money transfers and transactions, every account holder and users always secured that their funds will be always safe as The Payoneer account will be automatically linked to the local bank accounts as per the account holders indicated in the registration.

Payoneer was indeed the best partner of every individual most especially for every freelancer relying on their online payment transactions from their online jobs. Payoneer is the best eCommerce solution that probably creates a new face with a great impact on the international financial industry. With Payoneer financial services every account holder has a great opportunity to manage their earnings through the local bank accounts. As it offers a fast and efficient money transfer services, every account holders will immediately receive their payments and funds and be transferred to their linked local bank accounts.

With a great partnership with MasterCard and other companies that employ freelancers, Payoneer will surely create a great choice for every business. As we have provided broad information and ideas about Payoneer, we hope that Payoneer will be the key to every individual’s success in earning financial income online and will be the best reliable source of every smooth payment transactions online in the marketplace. Just in case you have experienced some of the difficulties and need immediate assistance, Payoneer customer services are always ready to assist and available 24 hours daily, 7 days a week.