Full article in blog.

How to choose the right payment system? Which bank is more profitable to use? Comparison with Skrill and Paypal. Tariffs and fees.

What is Payoneer?

Payoneer is a payment system for safely withdrawing money from websites and receiving payments for services from clients.

Why?

It's convenient and beneficial.

Let's break down how this payment system works and whether it might be suitable for you.

Is Payoneer safe and legit?

Yes.

Money Withdrawal from Partner Sites

Payoneer collaborates with numerous websites where you can earn money.

For example:

Freelance platforms and photo banks: Upwork, Shutterstock, Adobe Stock, Fiverr.
Marketplaces: Etsy, Amazon, Shopify, and Ebay.
And many others: Airbnb, Patreon, Buy me a coffee, Shopify, Udemy.

To withdraw money from a website, it's enough to open a Payoneer account and provide your email. It's convenient to gather funds from various sites in one account.

The list of websites is constantly expanding; here, I've gathered the most popular ones.

I withdrew my first earnings through Payoneer in 2014 from the freelancing platform Upwork.

I haven't been freelancing for many years now, but I continue to use the payment system even today.

I receive money from Shutterstock, Patreon, and Fiverr.

I plan to launch a course on Udemy and also withdraw earnings through Payoneer.

Payment Request from Clients

Using the payment system, you can send a payment request to your client.

The client will receive a notification via email and can make the payment with their card or from their account.

Receiving banking details

Some websites or clients may transfer money only using bank account details.

Payoneer allows you to obtain banking details for different currencies and countries.

Swift (Wire) → USD.
Europe → EUR.
USA → USD.
UK → GBP.
Australia → AUD.
UAE → AED.
Japan → JPY.

Example:

Let's say you have a client from the USA who requests bank account details to pay for your services.

You obtain the banking details through Payoneer and provide them to the client. For the client, this payment will be as seamless as a domestic transaction.

This process is convenient, fast, and cost-effective.

The money transferred using these details will go into your Payoneer account. After the funds are credited, you can either transfer them to your account in a Ukrainian bank or order a Payoneer bank card. With the card, you can withdraw money from ATMs and make online payments.

These are the three most popular ways to use the payment system:

Receiving money from websites.
Receiving money from clients.
Receiving money through bank details.

Please note that Payoneer is exclusively designed for business transactions. You cannot send or receive money to and from friends and family using Payoneer. If you need to make transfers to acquaintances, consider using Wise or Skrill.

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