1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

Payoneer: Good or Bad? Share your experiences. [POLL]

Discussion in 'Payment Processing' started by Brennan, Jul 21, 2008.

?

What do you think of Payoneer?

  1. I love them!

    15 vote(s)
    51.7%
  2. I hate them!

    0 vote(s)
    0.0%
  3. There OK

    2 vote(s)
    6.9%
  4. Never used Payoneer

    12 vote(s)
    41.4%
  1. #1
    I would really like to hear peoples experiences with Payoneer, good and bad. Are they a trustworthy company or very dodgy?
    SEMrush

    Brennan :)
     
    Brennan, Jul 21, 2008 IP
    microbrain likes this.
    SEMrush
  2. Ouch9876

    Ouch9876 Peon

    Messages:
    13
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #2
    They rock! No more PayPal or Moneybookers for me. If you ever have a problem their live chat and email support is very helpful.
     
    Ouch9876, Jul 21, 2008 IP
  3. Raining Blood

    Raining Blood Active Member

    Messages:
    260
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    58
    #3
    They are great and yes customer support is helpful.
    Payoneer is one of the reasons why I decided to make money from affiliate programs :D
     
    Raining Blood, Jul 21, 2008 IP
  4. microbrain

    microbrain Banned

    Messages:
    1,080
    Likes Received:
    100
    Best Answers:
    0
    Trophy Points:
    0
    #4
    Here are My Reviews about Payoneer !!

    I am using payoneer services since one year , and I never found any problem with the service . I love the payoneer customer support online service . There are no hidden charges , fee structure is clearly mentioned on the payoneer site .

    Regards,
    MB
     
    microbrain, Jul 21, 2008 IP
    Brennan likes this.
  5. shamkabir

    shamkabir Active Member

    Messages:
    685
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    73
    #5
    I love payoneer so much. I like there service. My country is not PP allow country. So MB and Payonner i am use.
     
    shamkabir, Jul 21, 2008 IP
  6. Ledzf

    Ledzf Peon

    Messages:
    77
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    0
    #6
    Never use it till now, but their card is quite attractive for me, a MasterCard which can access you account worldwide.
    However their fees seems a little but higher than normal, I would really like to have a try anyway.
     
    Ledzf, Jul 21, 2008 IP
  7. SEOLinker

    SEOLinker Banned

    Messages:
    1,599
    Likes Received:
    33
    Best Answers:
    0
    Trophy Points:
    0
    #7
    Never used them, but will in near future.
     
    SEOLinker, Jul 21, 2008 IP
  8. eddy2099

    eddy2099 Peon

    Messages:
    8,029
    Likes Received:
    568
    Best Answers:
    0
    Trophy Points:
    0
    #8
    Well, I am certainly happy with them. I used them since last year when Plimus offered their card and that was the first time I heard of them. Withdrawal was easy on the ATM and it is actually great that they went with Mastercard as it makes the card accessible worldwide but online and offline.

    They are friendly and quite innovative. I believe in the next few months when they offers the US Virtual Bank Account option, it would certainly be a godsend to many especially those who are from Paypal supported countries which can only withdrawal to a US Bank account.

    I guess the only negative point I have about them is that at times, their website gets very busy and becomes inaccessible from Singapore.
     
    eddy2099, Jul 21, 2008 IP
    microbrain likes this.
  9. microbrain

    microbrain Banned

    Messages:
    1,080
    Likes Received:
    100
    Best Answers:
    0
    Trophy Points:
    0
    #9
    US Virtual Bank Account option ? is it true ?
    I'll dance if this will happen !
    Thanks for sharing , go green !

    Regards,
    MB
     
    microbrain, Jul 22, 2008 IP
  10. SEOLinker

    SEOLinker Banned

    Messages:
    1,599
    Likes Received:
    33
    Best Answers:
    0
    Trophy Points:
    0
    #10
    eddy2099, I know you are not wizard, but how do you think if country don't allow citizens to create bank accounts in america it's a big issue to make it paypal supported ? That's why probably many countries can't use it for acceptance
     
    SEOLinker, Jul 22, 2008 IP
  11. eddy2099

    eddy2099 Peon

    Messages:
    8,029
    Likes Received:
    568
    Best Answers:
    0
    Trophy Points:
    0
    #11
    I've got permission to talk about it so I would have to say this is definitely true. They are currently running a limited trial for this option and I am fortunate to be invited to take advantage of this.

    I've actually added the Payoneer US Virtual Bank Account to Paypal, Plimus and Regsoft and they have accepted it. With Paypal, you will see the two small deposits, in my case, totalling 15 cents and got my US Virtual Bank account verified.

    The account is offered by the First Bank of Delaware. You will get both the account number and ABA Routing number which would use.

    One thing I can say is that all incoming ACH payments is free.

    See http://www.techcrunch.com/2008/07/0...-accounts-make-international-cash-out-easier/
     
    eddy2099, Jul 22, 2008 IP
  12. eddy2099

    eddy2099 Peon

    Messages:
    8,029
    Likes Received:
    568
    Best Answers:
    0
    Trophy Points:
    0
    #12
    I do not believe that any country would prevent its citizens to sign up for a US Bank account. The restriction, I believe, is the policy of the US Central Bank. You know that the US Dollar is the most heavily traded currency in the world and at the same time, banks of the world would need to have a branch in the US or at least have a representative arrangement with a US bank in order to be on the world stage. With that said, I believe the US policy to 'Know Your Customer' is to minimize the risk of having their banking system made a mockery by people who use it for the purpose of money laundering. This policy got reinforced after September 11.

    Basically, anyone in the world can set up a bank account in the US. US Citizens would definitely have no problem. As for the rest of the world, all you need to do to open a US Bank account is to go to a US Bank in the US and open an account in person so that their identity can be verified.

    I have friends who either studied in the US before or worked there and have set up bank accounts which are still active after they returned home. I am not sure if visitors to the US can open bank accounts as I have not been into the US before so I cannot say.

    However, with that all said and done, Payoneer has been working with The First Bank of Delaware to offer virtual bank accounts for its member. Basically, all money is channeled to Payoneer main bank account and then using the special routing bank account number, the money would be transfered to your account. It probably takes a day longer than normal ACH but it works.

    I believe if you know me, you will know that I do not condone breaking any acceptable usage policy or contractual agreements or laws. With that said, there are several countries which have the Send/Receive status in Paypal and can only send money to a US Bank account. These people would indeed benefit from the Payoneer Virtual US Bank account system. I would certainly not recommend anyone to abuse the system who comes from a non-supported paypal country or one which only supports Send Only status to sign up for a US Paypal account and coupled with the Payoneer Virtual US Bank account to go around the loophole. I supposed if too many people do that, it will break down the system and probably cause trouble for the rest of us who use it legally.
     
    eddy2099, Jul 22, 2008 IP
  13. SEOMize

    SEOMize Peon

    Messages:
    50
    Likes Received:
    9
    Best Answers:
    0
    Trophy Points:
    0
    #13
    @ Eddy

    That's a great news for many PayPal users. I don't have any Payoneer card now, if I get one now and then will they give me option to get a virtual bank account in US?

    Thanks for the great news, some green on the way :)
     
    SEOMize, Jul 22, 2008 IP
  14. wolf-bz

    wolf-bz Peon

    Messages:
    10
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #14
    I have been using the Payoneer card for a year now and its great not having to wait for checks anymore. Its about time that Google and all affiliate networks start using prepaid cards, move on to the 21st century
     
    wolf-bz, Jul 22, 2008 IP
  15. pkx_735

    pkx_735 Peon

    Messages:
    59
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    0
    #15
    payoneer is good
     
    pkx_735, Jul 22, 2008 IP
  16. eddy2099

    eddy2099 Peon

    Messages:
    8,029
    Likes Received:
    568
    Best Answers:
    0
    Trophy Points:
    0
    #16
    The Virtual Bank account is currently on trial now and only a select group of members are invited to join this. I would believe they want to be sure that the system works before opening this option up to the rest of the customers. I would believe you would agree with me that this is a better option then to do a quick launch and then find out that money can routed to the wrong accounts, it can get very messy.

    Don't be disappointed if you sign up now and do not have the virtual bank account option. It would most definitely come soon.

    Here is the welcome email for the Payoneer Virtual Bank account just to whet your appetite

    [​IMG]
     
    eddy2099, Jul 22, 2008 IP
  17. rapidhunter

    rapidhunter Banned

    Messages:
    250
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    0
    #17
    I dont really like the fees :(
     
    rapidhunter, Jul 22, 2008 IP
  18. SEOMize

    SEOMize Peon

    Messages:
    50
    Likes Received:
    9
    Best Answers:
    0
    Trophy Points:
    0
    #18
    @ eddy

    I agree that every kind of payment system needs a lot testing before get live in publicly. I need to do some research before go with them.

    Thanks for your kind help :)
     
    SEOMize, Jul 22, 2008 IP
  19. Brennan

    Brennan Notable Member

    Messages:
    3,318
    Likes Received:
    198
    Best Answers:
    0
    Trophy Points:
    240
    #19
    It's great news that everyone has either not used it or loved it. I will now think more seriously about signing up to such a service.

    @rapidhunter, what's wrong with the fees?
     
    Brennan, Jul 22, 2008 IP
  20. eddy2099

    eddy2099 Peon

    Messages:
    8,029
    Likes Received:
    568
    Best Answers:
    0
    Trophy Points:
    0
    #20
    The fees are actually in line with industry charges. Remember that with Debit Card, Payoneer does not have much avenues in making money compared to banks who offers credit cards. With Debit card, you cannot spend more than what you have in your account while with Credit card, the banks would hope that you do not pay in time so that they can charge their high interests on all outstanding money. On top of that, banks usually offers merchant accounts and gateway services and thus would make between 1 to 5% off each credit card transaction through their machine.

    If you do not think that the benefit of the payoneer card outweights the $1 or $3 monthly fees that you pay then I think you should consider something else.

    For me, the advantage of keeping funds in US$ to pay for online services and the ease and speed of withdrawing money is certainly worth the while.

    More screenshots to whet your appetite.

    Here is one of the load from Paypal

    [​IMG]

    Here is from Paypal Bank Account Profile from my account

    [​IMG]
     
    eddy2099, Jul 22, 2008 IP