The Internet has made copious changes in the lifestyle of many individuals and business organizations and one important change is how funds are transferred and received among them.
Outsourcing is now considered as the best source of finding skilled and dedicated work force from all around the globe. One major complexity that remained as bottleneck was the method of funding for those outsourced works. But since the launch of Payoneer, the reloadable master debit cards, this complexity in transferring funds are negotiated and the process of outsourcing has got a new life. Even though there are many other methods for paying clients online, not all of them are simpler and cost effective than Payoneer. More importantly, when you need to send or receive payments from foreign countries, Payoneer makes you feel so comfortable and guides you through the entire process systematically. Started in the year 2005 as for providing electronic commerce and online payment services, Payoneer is reaching new heights every day with its ever increasing customer base and friendly customer services. The company issues a prepaid MasterCard debit cards to all its customers that can be used for online money transfers, buying merchandise online and they can even be used in ATMs and other shopping centers where MasterCard debit cards are accepted.
The debit cards are similar to the normal debit cards issued by the banks and cannot be used after zero balance. Payoneer has its headquarters in New York and research and development offices in Israel, Tikva and Petah. The concept of issuing debit cards was started by banks and they issued cards to the customers directly or in association with Member Service Provider. Payoneer is one such Member Service Provider of MasterCard. They provide services to freelancers, affiliate marketers, summer camps and for direct selling of products. One major advantage of using Payoneer is that it does not require users to verify their bank accounts. This has been a problem and area of concern for many other online payments companies. Payoneer is also in partnership with some large freelance firms such as Guru.com and help them ease out the payment process. Payoneer provides various services to its customers such as online payments services through debit cards and other methods, traveler payment services and US payment services. The Payoneer MasterCard debit cards are one of the services rendered by the company and apart from them, it also offers a virtual card for the purpose of online payments.
Payoneer also supports local bank transfer which comes in handy for transferring your funds of various currencies to the local currency of your country and subsequently transferring that money to your bank account. It also processes international checks and converts them to local formats for use in local banks. Because of its ease of operation and less cost, the Payoneer is the best among the other electronic commerce service providers. The MasterCard debit cards provided by Payoneer can be used anywhere in the world wherever such payments are available. They can be used in point of sale terminals, ATMs, etc. The US payment services are useful for those who work for the United States companies but are non residents of US. The payments to such individuals are done through Payoneer. The companies in United States need to load the money in the Payoneer account of the individuals, which can then be taken back using online money transfers or debit cards. Payoneer makes sure that the international rules and regulations are followed in such transactions and the authenticity of the participants of the transactions. The global bank transfer service provided by Payoneer is much effective in transferring money to bank accounts directly. They are cost effective and the funds are transferred in less than 3 business days. The security standards and safety norms followed by the company are the best in the industry. There is no complex steps involved in registration and there are no monthly maintenance charges as well. The price for global wire transfer varies among different countries.
The advantages of using Payoneer cards are listed below. The major advantage of using the card is that it can be used in ATMs to draw cash even when the credit in our account is of other currency. There is no need to approach a currency exchange bureau or a bank. The cards can also be used to pay online services as well. All transactions related to the card can be done online such as viewing balance etc. The card when lost can be deactivated at once and a replacement card will be provided by the company in very less time. The credit in the lost card will be transferred immediately to the new card. All currency conversion is done automatically and the best possible market rate will be taken into consideration for the conversion. Money can be loaded more easily than never in the MasterCard Payoneer card. Your family, friends, company or employer can load cash without any hassles. Similar to debit cards issued by banks, the Payoneer card can be used only when there is credit in the account. So there is no possibility of going into debt, which is more common with credit card holders. The Payoneer card is accepted and in use in more than 200 countries and since no bank account is needed for obtaining the card, millions of students working as freelancers have benefited from the card. The money in the card is safe and secure, thanks to the strict encryption and security standards followed. The payments take a maximum of 2 hours for completion. The customer service is one of the best in the industry with live chat and telephone support available along with email support. More importantly, they are available in many languages and in free of cost. The virtual prepaid cards are extra advantageous that they can be used instantly without extra steps and they can never be stolen or lost. Checks or wire transfers cost very high in some countries and in such cases, the Payoneer card is the cost effective solution. The rates for the card and fees for loading cash and transferring money are very less. Cash can be loaded to your Payoneer Prepaid MasterCard by transferring money from savings or checking account, Visa or MasterCard. Fees for loading cash vary accordingly. Transferring funds from savings or checking account is charged 1% for the first load and the subsequent loads, whereas the fees for transferring funds using either a Visa or MasterCard is fixed at 3.75 % of loaded amount for both first and the subsequent transactions. It usually takes up to 2 business days for transferring from Visa and MasterCard and 4 to 7 business days for bank transfer.
Annual maintenance charges for card holders are set as $29.95 which will automatically be withdrawn from the available balance and the charge for card replacement is $12.95. All ATM withdrawals are charged at $3.15 per transaction whereas the cancelled transactions are charged at $1.00 per transaction. To check your balance through ATMs, the charge is $1.00 per transaction. But the cards can be used free of cost when they are used for any purchases unless and until they are used in the same country of their registered currency. Well, if you are about to expand your business to many global countries, or if you have decided to work as a freelancer, the best way to pay and get paid is using Payoneer. Own a Payoneer MasterCard debit card and load cash instantly to be used anywhere in the world physically or virtually. Further information related to the services offered and the frequently asked questions are available in the Payoneer website