When you join Payoneer using my referral link here, you’ll get $25 for free once you load $1,000 to the Payoneer (whether in full or in bits).
I have been a Payoneer enthusiast since 2011 and I must admit that the experience has been fantastic :). In fact, I don’t think any other blogger on earth has ever written a blog post like this that talks about the full benefits of Payoneer. Therefore, after you read, make sure you click on the social buttons and share with all your friends on Twitter, Facebook and other social networks. I had to write this after I realized that most people actually under-use their Payoneer accounts.
Without further ado, here we go with the advantages of the Payoneer:
1. Free $25
Full disclosure: I will get a $50 commission when you use that link and load $1,000 to your account cumulatively. For example, if you receive $100 today from Upwork, $300 next week from Fiverr and $600 the next week from Upwork to your Payoneer account, you’ll have hit that $1k cumulative figure, afterwhich we’ll both receive commission from Payoneer.
Good thing is you can also become an affiliate, see point number 12 below.
“What if I don’t want to click on your referral link?” You may ask.
It’s totally okay to sign up directly from their site, but you’ll miss out on this free incentive.
2. It is Integrated With Most Top Freelancing Websites
Most freelancing websites have the Payoneer withdrawal option. These include Upwork and Fiverr among others. Payoneer is one of the best withdrawal options in these sites due to the numerous benefits listed here.
3. Withdraw from Payoneer to Your Local Bank (The Best Withdrawal Method)
If freelancing sites and your private clients pay you via Payoneer, you can send the cash directly from Payoneer to your bank account through their local bank transfer option. This is the best way to withdraw from Payoner. No bank fees. Excellent rates!
4. Withdraw Money from PayPal to Payoneer
This method no longer works for new members. It is now only applicable to those who started using the PayPal to Payoneer option before 2014.
Payoneer has a Global Payment Service (formerly US Virtual Account/US Payment Service).
Here you are given a virtual US account number. For those who were eligible to this service, they would add this account number to PayPal. For the Kenyans who use it, it is the ONLY option enables them to withdraw money from PayPal in the literal sense, meaning they actually click on “Withdraw” on their PayPal accounts, follow the prompts and the money goes to your Payoneer account.
The current official PayPal withdrawal method for Kenyans requires the use of an online Equity Bank portal.
5. Withdraw Anywhere in Their Local Currency
If you are in another country, you can easily use Payoneer to withdraw money in their local currency. This works in any country or continent.
A freelancer friend of mine was once broke in Tanzania. He simply went to an ATM and withdrew the cash in Tanzania shillings.
It offers great withdrawal rates no matter where you are.
6. Buy Stuff and Make Local Payments
You can use Payoneer to buy stuff on local supermarkets or make point of sale (POS) payments. This includes chemists, clinics, hospitals and electronic stores among hundreds of other places.
If you don’t want to incur the $3.15 ATM withdrawal fee, don’t withdraw but instead use Payoneer on the POS to buy and pay for stuff. You can buy with even as little as 1 dollar in your Payoneer account! I have actually tried this and it works great!
7. Make Online Payments
Do you want to pay your domain or hosting fees? Do you want to buy an antivirus? Have you seen something cool on Amazon or eBay that you want to buy? All these payments can be easily made using Payoneer.
8. Get Payments From Multiple Affiliate Networks
You can receive payments from different affiliate networks straight into your Payoneer account. Affiliate networks that accept the Payoneer Global Payment Service account include Amazon, CJ, ClickBank, and ShareaSale among others.
9. Request a Payment from any Client (Even Non-Payoneer Customers)
You can request a payment from any of your clients, whether or not they’re registered to Payoneer. You’ll simply fill a form and they’ll get your payment request. They’ll then have a few payment methods to choose from.
10. Excellent Customer Support
Payoneer has excellent customer support. They have even commented in this post :).
Whenever you want to ask them a question, you can quickly start a live chat and get your issue sorted in minutes.
11. Free Payoneer to Payoneer Payments
How cool is that? Other services like PayPal or Skrill have a small service charge for either sending or receiving payments. However, if you’re sending cash to your friend who also has a Payoneer account, you’ll do it at absolutely no fee. This is one of their coolest exclusive features.
12. Make Money Through Their Refer-A-Friend Program
The Payoneer Refer-A-Friend program will award you $25 when a friend you refer loads $1,000. As seen in the first benefit above, both you and the person you refer will get the $25. As you get more referrals, the Payoneer team may bump your affiliate commission to $50 per referral.
This program is only available for Payoneer account holders. Once your account has been approved, apply for the program through this link and start referring your Facebook, Twitter and other friends and both of you earn the free $25. Talk about an excellent win-win situation :).
Payoneer will help you to get free $25 when you load $1,000.
You will also be able to send money to your friends, family or freelancers free of charge as long as they have a Payoneer account.
Additionally, if you’re an affiliate, you’ll earn free $25 whenever you refer someone and they load $1,000. Top affiliates get $50 per referral.
All these and more benefits make it a must-have for everyone who is making money online.
I will make every effort to be updating this post whenever I get more information.
Remember to share this post with all your friends and make it go viral. At the time of writing this, there was no such post on the internet. If you’ve not signed up yet, click here to sign up with Payoneer and receive all the above benefits.