What is payoneer?
With booming Internet access and major improvements to collaborative work tools, employers around the world are finding it much easier to outsource work than it used to be a few years back. However, payment, particularly for firms whose workers live in many different countries, remains a complex task.
Businesses typically use wire transfers or services like Western Union, MoneyGram or PayPal to issue payments, all of which can result in fees and/or complications. Printed checks aren’t a better solution as they require postage and a significant snail-mail delay time… As a matter of fact, these services were initially designed to be used on a person-to-person or person-to-business basis, and are inefficient when used for business-to-person payments.
Payoneer offers a convenient solution to this issue by allowing organizations to pay large numbers of workers around the world, efficiently and securely directly to their Prepaid MasterCard® cards, which avoids them the delays and heavy surcharges of more traditional methods mentioned above.
Payoneer is a privately-held start-up of Israeli origin founded in 2005. It now has its headquartered in New York and employs 55 people, including a team of experienced financial and technology professionals. Payoneer is backed by private and venture capital investors including Greylock Partners, Carmel Ventures, and Crossbar Capital and is a registered MSP with MasterCard.
As it is meant to offer businesses a better way to pay their workers, Payoneer cards are co-branded with the company’s name and logo. This means that depending on the company that you apply through; your card’s look will differ as Payoneer offers customized cards.
The Payoneer’s MasterCard Prepaid Reloadable Debit Card can be use to buy goods and services or withdraw money anywhere in the world where MasterCard Debit cards are accepted, this includes websites, ATMs and shops. As you can see, the cards offered by Payoneer are not credit cards as you cannot spend more than what you already have on your card.
Step by step How to Get Payoneer Card
You will be faced with Payoneer Card registration page as follows:
After clicking "Sign Up!" display will be as shown below:
Information:
It appears there are three (3) steps that must be completed by filling in the data is needed.
"Start Here" | Please fill in your personal data in accordance with the actual (important).
(Important) When finished, do not be on the tick on the "Click here and fill in this section ONLY if your shipping address is different from above or you want your card shipped to a PO Box"
2. Step II | You are prompted to enter a unique password and security question.
3. Step III | You are asked to enter personal data as identity cards that you have.
4. The final step for this please check all the information on the three, and end with "Finish".
5. If you have filled it right, then you will find the display below:
Important! Until here, you have finished the process of making Payoneer card.
6. Check your email that is registered before, you'll get an email from Payoneer Customer Support that contains your submission that the application is currently in review. Wait for a few days to get the next step. If lucky, you will get an email reply from Payoneer Inc. notifying you that your submission of applications received, the contents of the email you are required to attach a copy of your identity card that matches what you submitted. Where in the email contained a link directing you to upload the document. As the picture below:
7. After you get like the picture above, then you touched clicking the link that reads "Upload Link" and you will find the page as shown below:
8. The final step is that you are required to upload a document, be it a National ID Cards, Passportor licenses you have Drive and scan into a file extension. JPG. Make sure the document is the same as what you put on the menu account informations. If you are finished you upload the document you will find the page as below:
If you find a page like the picture above, then you have finished filing your Payoneer card. Payoneer Parties will conduct a review of your document. If your document is received, then the Payoneer will notify you via email.
The advantage you use Payoneer card is as follows:
- Verify your paypal account, moneybookers, etc.
- Payments available in minutes
- No bank account is required
- Use in stores, online or ATMs that accept MasterCard ®
- Live chat, telephone and e-mail support offered in multiple languages
