Payoneer is an online global financial services company. It was founded in the year 2005. It provides an easy solution to make online payments. It enables people to send and receive money from over 200 countries. People working outside the US can get paid to their local bank accounts for this service. The online freelance marketplace is gaining more popularity in today’s time. Many people all over the world prefer to work as a freelancer as it provides flexibility of choosing the working hours and also the workplace. The talented guys who are there in underdeveloped countries were not getting good job opportunities in earlier periods. But today the advent of the internet has made it possible for all to find work online. This has brought advantage for both the business owner as well as the work seeker. The owner now has the advantage to get his work done from any corner of the works at a very competitive cost whereas the work seekers in undeveloped countries also get a chance to work and earn even by residing in their own country. This is a win-win situation for both parties. The problem or difficulty comes when the time to pay arrives. It is difficult for the business owner to pay the money to the worker who resides in a far off country. Here the online payment solution company Payoneer comes to play a significant role to solve this issue of payment overseas.
The US is considered as the land of opportunities in the whole world. Many people all over the world have dreams of working and settling in the US. But it is practically not feasible for many to live their dreams. But the advent of internet era or the internet revolution has brought hope for millions of freelancers who can work for companies worldwide right from the comfort of their own houses in any part of the world.
Payoneer is widely preferred by the freelancers and online sellers who generally want to withdraw their online earnings immediately, or within a couple of days. It is a very good way to do wire transfers to local banks. The services of Payoneer have been greatly popular in countries like United States, Japan, China, Australia, India, Nepal, Pakistan, Bangladesh, Philippines, Argentina, Kenya and South Africa. Any person who has an account with Payoneer can avail the services of this online payment solutions company. Get Started up with Payoneer the following link can be used to Signup for Payoneer Account.
Signing up can be done by simply filling the required information as asked by the site. Your name, email id, date of birth (you must be more than 18 years old), personal details like street address, mailing address along with the post box number ( if available) is to fill in the information. Then money can be transferred from your Elance, Freelancer etc. accounts to Payoneer account and then across overseas bank accounts.
While signing up for the Payoneer account generally you will have two options to select from:
• Option 1: This method is the most widely chosen and hence the preferable method. If you sign up via a referral link, you earn a reward after activating the Payoneer account. After the activation of your account, just add the Payoneer account as the withdrawal method for your accounts in Elance, Amazon or Freelancer etc. This can be done by simply navigating to the finance section and adding Payoneer as the method of payment.
• Option 2: The second method of signing up for Payoneer is that you first log into your Elance, Freelancer or Upwork account. Then navigate to Manage, Financial Accounts, and scroll down and add “Payoneer” as a withdrawal method.
Deposit to you Payoneer account
For business owners, it is required to deposit money into their payoneer account so as to pay to their employees via the Payoneer. The deposit of money to your Payoneer account can be done directly. Few countries which allow Payoneer local bank transfer (LBT) are Australia, Belgium, China, Canada, Iceland, India, Bangladesh, Ireland, Netherlands, Poland, Philippines, Russia and the United Arab Emirates etc. Payoneer Global Bank Transfer (GBT) can be used by the business owners and companies to send funds via wire transfers and local bank transfers. In few countries, Payoneer does not provide MasterCard but permits its users to withdraw money from their Payoneer account to local bank accounts. In India, the Reserve Bank of India (RBI) has restricted the use of Payoneer MasterCard for money withdrawal from bank ATMs. So the Indian freelancers have the choice of adding their local bank account to their Payoneer account, which helps in direct fund deposit in Indian bank accounts.
Why should one use Payoneer?
Like all other financial accounts the Payoneer account also charges a certain amount of fees. But taking into consideration the fast withdrawal speed and excellent customer support system, it is worthy of the price that they charge as fees.
Conclusion:
Today as the business world is emerging, the mode of business is changing and new technologies are coming every day. The time has come when one can literally say that “think globally and act locally” in the context of doing the business. Online sellers are able to do business and send their products to all parts of the world. Entrepreneurs and freelancers are working very hard and are competing at the international level for various projects and works. Business owners are providing work to most competitive freelancers located at all places around the globe. When businesses have gone global in a true sense, it is equally important for the payment methods to be swift and simple so as to complement the growth and development of all other business. At this right junction of time service providers like Payoneer who have solutions to overseas payment methods and fund transfer from one country to banks located in another country are in high demand. Their excellent services are shaping the way in which world business is being carried out.
