Why You Should Open Account with Payoneer Payment Processor

Payoneer is one of the popular payment processor after paypal. Many people ignored payoneer because they thought paypal works for them so they don’t need it. And when many online sites stopped accepting paypal. The only natural option for them was to use the payoneer. As you can see many PTC websites are not going to accept the paypal any more. And this makes it harder for many people to avoid paypal. But with increase in paypal’s black list, you may notice that it is not going to end well for many. So all of them are just wondering if the system can be used in any other alternative ways. So I decidd to come up with short post explaining how the payoneer can be one good option for those who can really do well with the payment processing. In this article I want to point you to same reasoning so you can choose payoneer for effective payments.

Conversion Rate

When it comes to USD to local currency conversion, paypal takes a lot of cut. Also the conversion rate at the bank side is higher too. So in that process you end up losing a lot of money. So for that reason you should consider using payoneer. As they have relatively low rate compared to paypal or any other processor. You can also find them having much faster process for sending the money. So as far as the business conversion goes it can be really good option. And with the type of bank conversion, you can see that payoneer is lot better compared to the paypal on this point as well.

Bank Transfer

Paypal takes 3-7 days for the money transfer from account to bank. Also the rate for conversion are low. And bank also cuts some money in the process. However in case of the payoneer, you may find that bank processing is lot better with the payoneer. Many banks ffrom around the world are being used by payoneer. You can easily use their transfer service for the same. You can find that they also do it through many local banks. Which takes few days for the processing. And in that process you just have to hold on and let the payoneer do the rest of the work. They can after that part take care of the rest of the process.

Marketplaces

You can find payoneer being supported with almost every freelance network. You can also find the payoneer on escrow and other services. They can have a really good processing speed for the same. You can see that marketplace is not going to be any steady income. So using paypal for getting regular work can be surely a good idea. You can find that fiverr, freelancer, upwork and few others offer the payoneer option. And the money processing is lot quicker too. You just have to hold onto such marketplace if you are going to be taking money on regular basis in this type of process.

As you can see the marketplace with the payoneer is much matured compared to many. You have to struggle harder in the process though.

Image by pixabay.