If you’ve never heard of Payoneer, you must be living under a rock. Well, maybe you’re just American. Let me explain. Payoneer is a debit card service that works only online—there’s no need to meet anyone in person. They send you a debit card, and you can start using it. It’s like an online wallet, but cheaper than a bank.
It costs about $30 per year, but that’s only if you use the card to get money. If you’re not using it, there’s no charge. Always check their website for the real details, but Payoneer is awesome.
Sending Money Abroad
So, what’s the deal with “American”? Payoneer cards don’t go to Americans. It was made for U.S. companies to pay people in other countries using a fast way called ACH (Automated Clearing House). ACH is a way to send money fast without going to the bank. At first, you could only get dollars, but later they added euros. People loved the idea, and now Payoneer is really popular. After a major issue earlier this year, Payoneer has come back strong and still works well.
The Employer-Employee Model
Payoneer wasn’t meant to be for sending money back and forth. It’s mostly for getting money from a bank and using it on the card. If you have workers, you’ll want to pay them directly, especially if they work for you regularly. Payoneer is perfect for this. If your business is in the U.S., you can set up ACH payments straight to your workers. This means you can pay them easily, and they get the money fast.
Scaling as an Enterprise
As your business grows, you might want to take advantage of Payoneer’s special enterprise deals. This is great for bigger businesses, like starting an online game or a referral program. PayPal works, but Payoneer is an alternative that lets you pay many people at once. If you want to send money quickly, Payoneer is the way to go. Upwork and Fiverr use Payoneer to pay people quickly, and you should consider using it, too.
Quick, Painless, and Reliable
Having a debit card that’s linked to your online wallet is amazing. You can get money through ACH, which works like an IBAN. Even though Payoneer doesn’t support IBANs, you can still get paid from other countries by using services like TransferWise to convert money into U.S. dollars.
As long as you pay your taxes, how you get your money is up to you. Just check the rules in your country to be on the safe side.
Security and Support
Payoneer’s customer service is great. Whenever I’ve needed help, I’ve spoken to someone who listens and fixes the problem. I’ve never had bad service, and all the freelancers I know feel the same. Some people have bad reviews, but most seem to be people who tried to do bad things, and Payoneer didn’t let them. Payoneer always acts professionally and helps in the right way.
They Keep Growing
Payoneer started small but has grown fast. They have over 4 million customers and 1,500 employees across 21 offices worldwide. They also speak over 35 languages. They now offer Euro cards and support for the British pound. Payoneer is always adding new features and improving things. The main thing is they’re fast, reliable, and easy to contact. Payoneer is the best option for freelancers who need a simple, cheap, and fast way to get paid.
The Big Debacle
Earlier this year, Payoneer had a big problem. They lost 1.9 billion euros, and their stock dropped. They had to fire some people, and users couldn’t get their money for a short time. But Payoneer fixed things fast. They changed their card issuer and got back to work as if nothing had happened. They showed they can handle tough times. I trust them.
In short, Payoneer is a great choice for businesses and freelancers. Whether you’re paying people or getting paid, Payoneer makes it easy. They’re fast, safe, and always improving.
