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Payoneer Account – An Excellent Solution For Freelancers

by Josipa Štrok11. January, 2016

To help you understand the freelance economy and set a rate that is appropriate for their skills, education and experience, Payoneer surveyed over 23,000 freelancers worldwide to help professionals grow their business. Take a look at the video below which shows the survey results:

What is Payoneer?

Payoneer is a fairly well-known “online wallet” that issues MasterCard with which you receive an account in a foreign bank. Payonner has been working for over 10 years, was founded by prominent bankers and to this day is considered as one of the most secure payment methods.

payoneer logo

What exactly Payoneer does?

It is easier to receive payments from abroad in USD or EUR on the way that it automatically and online opens a bank account in another country, provides Payoneer MasterCard to withdraw money anywhere, and has special conditions of cooperation with specialized services for profit (eg. UpWork).

Open Payoneer Account

Where can you use the Payoneer card ie. How to get money from Payonner card / account?

With your Payoneer (MasterCard) debit card, you can pay in all the shops and facilities which receive a debit card, and if you want, you can withdraw money directly from ATM. Also, you can pay at online shops around the world everywhere and anywhere. In short –  you can use Payonner anywhere on Earth where they receive Mastercard card!

How to get Payoneer card?

If you want Payoneer card, you can get it for FREE. Just go to their site and register Payoneer account to receive money in USD and EUR currencies. The card is easy to order and in the short term it arrives at your home address.

Payoneer card

Payoneer MasterCard

How to receive money to Payoneer account?

You can receive money on Payoneer account via specially contracted services (eg. UpWork) which working with Payoneer by registering your Payonner card on their services. Another way is to get paid by any US or EU company on personal bank account that Payonner opened for you. Payments in the United States go through the ACH system and in the EU zone via SWIFT.

Payoneer’s compatibility with other accounts (PayPal, Skrill, …)

Payoneer card or bank account can be connected with services such as Paypal and Skrill, and others (eg. Google Wallet). For example, you can pay on eBay through PayPal to withdraw money from the Payoneer account. Or pay by Skrill to withdraw money from the Payoneer account.

Do Payoneer subject to tax inspection?

Income Payonner bank account subject to tax supervision and depending on the agility of the tax policy of the state which receive the funds can be controlled or not. Please note that Payoneer cannot be fluent in all tax related issues in each country, and you are therefore responsible for reporting to all applicable government tax authorities the earnings received and funded to your Payoneer Account. In addition, you are responsible for reporting the payments of any applicable local, state, province, and /or federal, domestic or international taxes that apply to such earnings.

What are the fees associated with the Payoneer Prepaid Card?

The exact fees of the card depend on Payoneer’s agreement with your Payoneer mass payout company as well as on the card usage. Detailed pricing and fees information can be viewed on the Payoneer Payment Method page accessible from your online account with your Payoneer mass payout company. In addition, the full list of the fees associated with your card can be viewed by selecting the “Pricing & Fees” tab located under the “Help” menu in your Payoneer Account.

If you do not have an account with any of our mass payout companies and would like to receive payments using Global Payment Service, you can find the detailed pricing and fees for the Payoneer Card in registration form. Simply click here, select the “Prepaid MasterCard® Card,” and click on the “Fees” menu at the top of the page.

Register Payoneer Account

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