PayPal vs Payoneer: Which is Better for Global Payments – Is Payoneer killing PayPal

Payoneer-Vs-PayPal

The internet has converted the world into a global marketplace and now this big world is no longer big when it comes connecting to each other using the internet where people from one part of the globe can indulge themselves and others in the products and services of another part of the world. This has spawned the era of working digitaly from your comfort and make secure online transactions which are not limited by national boundaries, in most cases.

When it comes to online payments, the first name that it strikes in your brain without any doubt is PayPal, which i can guarantee and indeed its the most used services are those of global payment processors. These firms take responsibility of allowing you to give and receive payments from abroad charging 2.4 to 4.8 % + extra fees . They provide a secure framework for the same and also charge a certain fee based on the transaction sizes and volumes.

What is Payoneer?

Signup using this Special $25 Offer link and get $25 as a signup bonus. Isn’t it insane!Payoneer-signup

Here is what you need to know about payoneer.

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The change in my life came when i came across the term – “payoneer”, created my account and got $25 as a signup bonus [Create your Account- > Payoneer | Create your Account]

And started using it, by making my first withdrawal for just $100 from my envato account to check how the service was.

Surprisingly I paid a fee of $0 [Yes, 0 fees] and the amount was transferred to my bank account within 24 hours. Here is a list of the companies that allows you to withdraw your funds via payoneer

The difference – PayPal vs Payoneer

Paypal vs Payoneer

Now let’s look into the details: paypal vs payoneer

  1. Payoneer is definitely more profitable than PayPal

The costliest charges per transaction are $14.88 while the cheapest are $1.55. This shows that the variance is inclined to the costlier side i.e. loss of valuable money is almost inevitable.

With Payoneer you save an average of $5 per transaction of $100 that is INR300. With PayPal this is Mission Impossible, as you need to pay on every transaction:

  • Higher Conversion Rates by payoneer
  1. Payoneer Processing is smoother than PayPal when it comes to global payouts and withdrawals

payoneer-work-process

With a PayPal account you have to manually initiate a withdrawal process every time you need cash in your bank account. The entire process is lengthy too!

Payoneer eliminates such hassles by automatically converting funds into your country’s currency and then transferring them to your bank account.

The daily withdrawal limit is also higher with Payoneer at INR 500,000 which is approximately $9500.

Every time an automated withdrawal happens you will receive an email alert of the transaction done.

It does not end here. The turnaround time with Payoneer is better than that for PayPal! Where PayPal takes about 3 to 7 business days for transferring funds to your bank account while Payoneer guarantees bank account transfers within 24 hours. So why shouldn’t you love it!

 

  1. Added “Indian” Benefits: paypal vs payoneer

 

Payoneer has a very unique service for Indian customers. After the sign-up, you receive a separate Euro and US collections account.

Providing you a virtual bank account in that region with complete details like account number, router number.

So just providing that virtual acount details to your payer, the transfer is easily done to you as those details acts as fine like a personal bank account!

Thus, Payoneer can help you amplify your reach and use your market potential to the maximum.

Once the fund collection has been deposited the rest of the process is the same. You will receive the money in your account within the next 24 hours.

There are certain added benefits with Payoneer which make it a compelling choice for Indian freelancer.

Conclusion of paypal vs payoneer

I will say that I’m in Love with Payoneer, Its fast easy and money saving way Global Transfer system, and the great thing is the $25 signup bonus that you get.

This system is the best option not alternative for global transfer.. I bet you try Payoneer and you will turn into loveneer

 

 

 

Author: EDITORIAL STAFF

Editorial Staff at SmartActiveBlogger is a team of WordPress experts led by Niraj Kashyap. Page maintained by Niraj Kashyap.

7 thoughts on “PayPal vs Payoneer: Which is Better for Global Payments – Is Payoneer killing PayPal”

  1. wow another great article..i’m just turning into a regular reader and keep enjoying the new awesome articles… Your articles are great Niraj

    Thanks

  2. Wow great.. from today i will start using Payoneer…and thanks for that $25 signup bonus link

  3. Dear, i agree with you, i’ve been using payoneer for a year and try all its programs. Seriousely, Its safe, fast and of course trusted company. Their services must the best ever. ^.^

    1. Hi karan,

      I think your opinion is wrong about me. Every service has something as good and bad, If you had some difficulties with the service I can understand.

      But since i also run a web designing company, and I’ve used several payment methods. I personally prefer payoneer as their service changes are less and conversion rates are good specially when you make transfer more than $3000.

      Thanks
      Niraj

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