Home Page » Finance » Android » Payoneer

Payoneer

7.8.1 by Payoneer Inc.

(0 Reviews) November 28, 2024

Facebook

Twitter

E-mail

Favorites

Latest Version

Version
7.8.1

Update
November 28, 2024

Developer
Payoneer Inc.

Categories
Finance

Platforms
Android

Downloads
1

License
Free

Package Name
com.payoneer.android

Report
Report a Problem

Download Now

More About Payoneer

Payoneer is the leading cross-border payments platform for businesses. Our main mission? Streamline global commerce to empower businesses to go beyond. Millions of professionals use our platform every day to simplify their business payments.

Payoneer is a global payment platform designed for businesses, freelancers, and professionals to manage international transactions. It allows users to send and receive payments in multiple currencies, making it easier to work with clients and vendors worldwide. Payoneer is popular among eCommerce sellers, freelancers, and businesses that need a seamless way to handle payments across borders without incurring high fees associated with traditional banking services.

Key Features of Payoneer:

1. Global Payment Services:

Payoneer allows users to receive payments in local currencies (USD, EUR, GBP, JPY, etc.) without needing a local bank account. This feature is ideal for businesses or freelancers working internationally.

2. Multi-Currency Account:

With Payoneer, you can hold and manage multiple currencies in a single account, making it easier to deal with international transactions and avoid foreign exchange fees.

3. Cross-Border Payments:

You can send and receive payments across borders at lower fees than traditional banks. Payoneer uses a network of partner banks to facilitate international transfers.

4. Prepaid MasterCard® Debit Card:

Payoneer offers a prepaid Mastercard that can be used for online shopping, ATM withdrawals, or in-store purchases. The card is linked to your Payoneer account, allowing easy access to your funds.

5. Mass Payout Solutions:

Payoneer is particularly beneficial for businesses, as it offers mass payout services for paying vendors, contractors, or employees across different countries and currencies.

6. Invoice and Billing Services:

Users can create and send professional invoices directly from the Payoneer platform, making it easier to manage payments from clients and track business transactions.

7. Currency Conversion:

Payoneer offers competitive exchange rates for currency conversions, helping users save on foreign exchange costs when making international transfers.

8. Marketplace Integration:

Payoneer integrates with major online marketplaces like Amazon, eBay, Fiverr, and Upwork, allowing sellers and freelancers to easily receive payments from these platforms.

9. Security Features:

Payoneer offers strong security measures, including two-factor authentication and encryption, to protect users' financial information and prevent unauthorized transactions.

10. Mobile App:

The Payoneer app allows you to manage your account, view transaction history, check balances, and perform transfers from your mobile device.

Benefits of Payoneer:

1. Global Reach:

Payoneer enables users to receive payments globally without the need for a local bank account in every country, making it an excellent tool for international business and freelance work.

2. Lower Fees:

Compared to traditional banking or PayPal, Payoneer offers lower transaction fees for sending and receiving money across borders, making it a more cost-effective choice for international payments.

3. Multi-Currency Management:

Payoneer’s ability to handle multiple currencies in a single account helps users save on exchange fees and simplify their financial management.

4. Ease of Access to Funds:

With the Payoneer Prepaid Mastercard, users can easily access their funds at ATMs or use them for purchases, both online and in-store, anywhere Mastercard is accepted.

5. Seamless Marketplace Integration:

Payoneer works well with popular platforms like Amazon, eBay, Freelancer, and others, helping freelancers and eCommerce sellers manage payments efficiently.

6. Efficient Invoicing:

Payoneer’s invoice system is especially useful for freelancers and service providers, offering an easy way to bill clients and receive payments without the need for external invoicing tools.

7. Fast Cross-Border Transfers:

Payoneer’s network makes international payments faster than traditional wire transfers or checks, providing a more efficient solution for global businesses.

Considerations:

1. Account Maintenance Fees:

While Payoneer offers competitive transaction fees, there may be account maintenance fees if the account is inactive for a certain period. Users should be aware of these costs.

2. Withdrawal Fees:

While transferring funds to your bank account is convenient, it may incur a withdrawal fee if you are withdrawing to a local bank in a different currency.

3. Limited Availability in Some Countries:

Payoneer’s services are available in most countries, but there are some regions where Payoneer may not be fully supported or accessible.

4. Card Fees:

There are fees associated with using the Payoneer prepaid card, including ATM withdrawal fees and annual card maintenance charges.

5. Currency Conversion Fees:

Payoneer offers competitive exchange rates, but there are still fees associated with currency conversions, so it’s important to consider these costs when making international transfers.

How Payoneer Works:

1. Sign Up & Verification:

Users can sign up for a Payoneer account by providing personal or business details. Verification may require submitting identity documents and proof of address.

2. Link Accounts:

Link your bank accounts, online marketplace accounts (like Amazon or eBay), or other payment systems to your Payoneer account to start receiving and sending payments.

3. Receive Payments:

Once your Payoneer account is set up, you can start receiving payments from clients, customers, or marketplaces in local currencies without the need for a local bank account.

4. Use Prepaid Card:

You can request a Payoneer Prepaid Mastercard to access your funds for online or in-store purchases, as well as ATM withdrawals.

5. Make Payments:

Payoneer also allows you to make payments to vendors, suppliers, or contractors by transferring funds from your Payoneer balance, using local bank transfers, or through the platform's mass payout service.

Who Should Use Payoneer?

Payoneer is ideal for:

Freelancers working with international clients who need an easy way to send and receive payments in different currencies.

eCommerce sellers (particularly on platforms like Amazon and eBay) who need a cost-effective way to manage cross-border transactions.

Businesses with international suppliers or employees who need to send mass payouts across borders.

Service providers (like consultants, marketers, and designers) who work with clients in multiple countries and need efficient invoicing and payment systems.

Rate the App

Add Comment & Review

User Reviews

Based on 0 reviews

5 Star

4 Star

3 Star

2 Star

1 Star

No reviews added yet.

Add Comment & Review

Your Name: *

Comment Title: *

Your E-mail: * We'll never share your email with anyone else.

Your Comment: *

Your Rating: *

Comments will not be approved to be posted if they are SPAM, abusive, off-topic, use profanity, contain a personal attack, or promote hate of any kind.