Payoneer

About the Payoneer Prepaid MasterCard® card




Who is Payoneer?

Founded in 2005, Payoneer is an industry-leading global payments company accelerating growth for its customers by improving the way they manage and pay partners, affiliates and independent workers in more than 200 countries worldwide. Payoneer’s complete solution provides a simple, secure, compliant and cost-effective way for companies of all sizes to offer superior and cost-saving payments options including: Prepaid Debit cards, deposits to local banks worldwide, wire transfers, global and local e-wallets and local-currency paper checks.

How does the Payoneer Prepaid MasterCard card work? 

The Payoneer Prepaid Debit Card works just like any other prepaid debit card and can be used to make purchases online, in stores, and at ATMs worldwide where MasterCard®/Visa is accepted.

Prepaid Payout Card

Prepaid card as alternative payment

Prepaid cards are an alternative payment method to cash and are accepted all over the world at Point-of-Sale, for online purchases and at ATMs. The international prepaid card functions like an electronic check, as the funds can easily be transferred to the prepaid card electronically, instantly. Prepaid MasterCard cards are used universally, and in some places are more commonplace than the check, exceeding cash transactions by volume.

International Prepaid Debit Card

Payoneer’s international prepaid MasterCard® card leverages this technology to provide a fast, less expensive and convenient alternative for transferring distributors’ payouts globally. Acting like a payout card, the prepaid card is convenient for payees in developing countries like Brazil, Russia, India and China, where international wire transfers and bank checks are time consuming, complicated and costly. As online businesses build more relationships with vendors, affiliates and freelancers from these countries, the prepaid card is not only a less expensive alternative but easily understood and utilized.
The turn-key, safe, efficient and cost-savings international prepaid payout card solution is a great alternative for any web-based business requiring distributor’s payout worldwide. For further information and to receive a customized offer, please contact Payoneer at sales@payoneer.com 

Who can apply for a Payoneer card?


You can apply for the Payoneer card in order to receive payments from any of the thousands of companies that offer payment via Payoneer. Applicants are required to be over the age of 18.

What are the costs and obligations for the Payoneer card?

A full list of pricing and fees can be accessed at any time via your online My Account page. For new applicants, a full list of pricing and fees will be displayed during the card application process, prior to submission. You are not required to maintain a minimum balance on your card, and it can be cancelled at any time.


What happens to my card if I don't use it?

Your card may be temporarily disabled after an extended period of inactivity. It may be re-enabled at any time via your online My Account page, or by contacting our customer support department.

How do I get the most value from my funds?

Buy products and services with your Payoneer card instead of cash. When you withdraw cash you may be subject to fees set by the ATM* networks and by the bank you are withdrawing from. When you make purchases with the card, the merchant pays all fees (except for fees on foreign transactions). Strongly consider making use of the "cash-back" option when shopping at retailers if prompted by the clerk - this, too, is free.

How can I minimize cash withdrawal and ATM related fees?
  1. Select your ATM carefully. You may be subject to fees set by the ATM network/bank you are withdrawing from. These fees vary from bank to bank.
  2. Consolidate your ATM usage by withdrawing the maximum allowed by your Payoneer card and the ATM. For example, a $3.00 fee on a $100 withdrawal costs 3% of your hard-earned cash. A $250 withdrawal would only cost you 1.2%
  3. Do not try to withdraw more than your card account balance from an ATM. You will be charged a fee for the failed transaction. Make sure to calculate the total fees prior to withdrawing the funds.
How is my foreign exchange (FX) rate determined?

When using your Payoneer card to make purchases in a foreign currency, the transaction is converted based on MasterCard’s® official exchange rates (or VISA, depending on your card’s issuer). Please note that exchange rates are constantly changing throughout the day, and the rate is determined at the time of purchase. 


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