How to Sign Up for Payoneer . Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital. Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.
Companies like Airbnb, Amazon, Google and Upwork use Payoneer to send mass payouts around the world. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, lance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country. In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the freelance marketplace. Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.
In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply
What is Payoneer?
Payoneer’s international payments platform allows users to send and receive payments across over 200 countries, in more than 150 currencies. Users can keep track of their account balance, payments, and full transaction history online, including foreign currency amounts and transaction fees.
Payoneer offers multiple methods for payment transfer, such as prepaid MasterCard®, bank transfers, and e-wallets. Users can decide whether the payer or the recipient pays the transaction fees, and specify this when requesting payments, both from other Payoneer users and also third parties without Payoneer accounts.
Payoneer in Kenya mostly competes with PayPal. They are electronic payment providers. If you have Payoneer or PayPal, you can send and receive money from other countries abroad. They are part of the many online payment service providers operating internationally, with penetration into Africa, and particularly Kenya.
How do Payoneer alternatives compare?
PayPal and Stripe stand out as its top competitors based on similarity, popularity and user reviews. When comparing Payoneer to its top 100 alternatives, PayPal has the highest rating, with Venmo as the runner-up, and Payoneer ranking 10th place. PayPal has the most reviews with a total of 21,438, while Payoneer has 247. Users say PayPal tops the list for value for money followed by Venmo , while Payoneer comes in 12th. Users also say PayPal and Venmo are the easiest to use, while Payoneer takes 12th place.
$25 Bonus after Signing Up
Perhaps the $25 bonus that Payoneer offers to its customers is the most preferred fact about Payoneer in Kenya.
Perhaps the $25 bonus that Payoneer offers to its customers is the most preferred fact about Payoneer in Kenya. pic.twitter.com/2XVBcop96W
Their bonus policy states that you need to transact about $1,000 to get the bonus. If you are anywhere in the world, you can receive the bonus after signing up. Therefore, anyone can use the contents of this article.
Follow the following steps to join the program:
Click here to sign up. You must sign up using the above link to earn your bonus. Signing up using an external link will not guarantee you the bonus.
Add a funding source. For example, many freelancers work for companies like Guru.com, Freelancer.com, and Upwork.com. You can add them as the funding source to your Payoneer account.
Start receiving funds and hit your $1,000 target.
Well, I can do a lot with $25. For example, I can pay for my livechat subscription for a whole year. There’s a lot that you can do with $25.
Download Payoneer App
Download the app now and be the first to know about new features that get added in the future. Ready to put your business payments at your fingertips?
After signing up for Payoneer, you can request your MasterCard. Payoneer takes approximately 2 weeks to ship the card to your address of choice. You can withdraw your Payoneer funds using this card from any ATM in Kenya. You can also use the cards for online stores like Jumia, or online anywhere MasterCard is accepted. As far as I’m concerned, Payoneer is the only online payment provider that comes with a MasterCard. Its competitor in Kenya, PayPal does not provide any MasterCard. You can only withdrawal your PayPal balance to your bank account, an option that is still available in Payoneer users. Sign Up for Payoneer
Great Currency Exchange Rates
Payoneer is the online payment service provider that comes with great currency exchange rates. I want to give an example as a user of both Payoneer and PayPal. For me, I use both because most of my direct clients prefer PayPal. On the other hand, I mostly use Payoneer to receive mass payments from companies abroad.
In January 2021, the USD = KES exchange rate was around 109.5 (1 USD = 109.5 KES). I received payments to my PayPal balance from my clients and the exchange rate was 1 USD = 105.5 KES. Therefore, PayPal was earning about KES 4 from each dollar exchanged. On the other hand, during the same period, Payoneer exchange rate was 1 USD = 107.5 KES. Thus, the company was earning KES 2 from each dollar. Therefore, with Payoneer, you’re assured that you’ll receive more funds to your Kenyan account.
Partnership with Other Payment Service Providers
One of the most notable companies that has partnered with Payoneer is 2Checkout. Sign Up for Payoneer. I have selected it for one reason: I ever used the company to receive payments from my customers abroad. I used to sell digital items online like eBooks. Before a customer downloads the book, he/she must pay first using his debit or credit card. In this case, I used 2Checkout to securely process credit/debit card payments on my online store. After the funds arrived in my 2Checkout account, I would then withdraw them to my Payoneer USD Account. Finally, I would access them either through local bank or withdraw them from any ATM near me. Sign Up for Payoneer
The partnership is beneficial to Kenyan small and medium sized business (SMEs). For example, if you wanted to establish an online payment system that accepts card payments, you incur a lot. Companies that integrate card payments on websites using your merchant bank account charge up to KES 150,000. That’s a lot of money for a Kenyan youth. However, when you decide to use third parties like 2Checkout, you incur little or no costs.
Key benefits of using Payoneer
It’s easy to use, comfortable, has so many good features with solid security. Even it’s easy to integrate with any local bank accounts or 3rd party software programs through API.
It’s totally free and accessible to anyone. As a freelancer, I really love this platform and would recommend any friend blindly.
Payoneer is just wonderful for receiving payments regardless of your location, it’s just perfect for freelancers. The layout is wonderful for easy navigation.
Also, when it comes to customer service, they are BAD if not the WORST. It cannot take up to a month to reply to simple message.
Pathetic Customer Service and Some Times Delay for No Obvious Reason.
The minimum time to them respond to a ticket is 3 business days and guess what they complete 3 days time before responding to your ticket. And I just hate their service.