Payoneer is an online payment processor that makes having an account similar to owning a U.S bank account.
Founded in 2005 by Yuval Tat, with over 3.5 million individual users, and 200 countries, Payoneer is a financial services company that provides online money transfer and digital payment services.
With a Payoneer account, you can earn money, send money to other users and withdraw funds using the card, a USD MasterCard which can be shipped to you at little cost when you request for it. You can also make purchases of thousands of goods and services online using your Payoneer account.
So I have taken time to write 7 major reasons why you need a Payoneer Account as a full-time writer.
1. Opening an Account is Free.
You pay no money to have a Payoneer Account. It is totally free to signup and within minutes, you can be receiving payment from certain US companies you do freelance jobs for.
2. You Can Receive Payments From US, UK, Canada, Chinese, Japanese and Australian Companies Directly to your Payoneer Account.
Major companies from around the world make use of Payoneer. They’re beginning to see that PayPal limits them from working with people in locations that PaPal don’t support. For example, as a Nigerian, you can have a PayPal account for shopping on major foreign sites. But you cannot receive payment into your PayPal account. It would be bounced.
As a writer working in freelance marketplaces, you can receive payments through your Payoneer account. We have various sites such as Amazon affiliate program, Amazon Kindle, Fiverr etc. Major freelance platforms such as Freelancer, Fiverr, Upwork, 99designs and Shutterstock, Airbnb, Cdiscount, Gettyimages and Draft2digital, among others that use Payoneer for payments.
Even affiliate sites like CJ allow you receive payment via your Payoneer Account.
3. You Can Shop With the Payoneer MasterCard.
With your Payoneer MasterCard, you can shop on any platform. At one time when the Nigerian government banned the use of our local cards on foreign sites, my Payoneer MasterCard came to the rescue. I used it a lot for my Facebook paid adverts.
I’ve also used it to buy products and services online, including some courses that helped shape me as a full-time writer in Business.
Your Payoneer MasterCard saves you a lot of trouble when shopping online.
4. You Can Withdraw Money from Local Arms.
Yup. The first amount I withdrew with my Payoneer card was N6000. This was somewhere around early 2016. I just wanted to prove to myself that it works. Since then, I have gone on to earn more from the platforms I work on and I don’t regret having my card.
Receiving your Payoneer MasterCard used to be totally free. But now, as a first timer on the platform, you pay a token to have it delivered.
5. Payoneer Delivers Your MasterCard Straight to Your Gate.
You don’t need to go to the post office to pick it up. It is sent directly to you. When I got robbed in a bus and lost my first Payoneer card, I ordered for another one, and it was sent, again, directly to me.
This is possible if you ensure you fill in the correct details of your house address. You need to treat the form filling process as you would that of our local banks because every detail matters.
6. You Can Withdraw Money Directly into Your Bank Account.
If you do not yet have the card, you can withdraw your money directly into your bank account. Payoneer allows you do this if your earnings have reached $1000. If you’re not there yet, you can use your MasterCard to withdraw from our local ATM
7. You Can Be Paid in Euro, Pounds, USD, JPY, CAD, AUD and Even CHN
To be able to receive payment in any of the above currencies, simply use your Payment Service Credentials. This credential consist of your name, and bank account details in the various countries listed. Not to worry. Payoneer already opened the account for you. So you have everything in place.
If you’re working online with companies in the above-listed countries, then there’s a high possibility you can get paid via Payoneer.
Please remember to fill in a valid home or office address as well as phone number while signing up. You don’t want to take chances.
How to Get a Payoneer Account
Getting an account is as easy as A, B, C. All you have to do is;
I) visit Payoneer.com and go to the signup page.
II) fill in the forms step by step and click on ‘Next’ whenever you finish each form. Registration is a 4 step process.
III) Submit and give them time to process your account.
Note: To apply for a Payoneer account you must be above the age of 18.
If you have any questions, please drop it in the comment section. I’ll be happy to respond.