Alexey Naumov

Updated: 2019.08.16

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Payoneer is a payment service that is one of the recognized leaders in the field of electronic transactions and a pioneer in opening up the possibility for users to directly withdraw funds to their own Mastercard debit cards. Although the company is registered in the United States, its services are used by residents of more than 200 countries around the world. Russia and neighboring countries are no exception.

The Payoneer payment system has a number of undeniable advantages over similar projects. Economical tariffs, wide opportunities in terms of payment for goods, security of payments, etc. Let's look at all the advantages in more detail.

• Popularity. Having an account in this EPS opens the doors of any online store for you, be it Aliexpress, Ebay, Amazon. The system is used to deposit / withdraw funds by popular foreign freelance exchanges, large services, dealing centers. It is possible to replenish Skrill, PayPal, other payment systems. And if you get a plastic card, you can withdraw money at any ATM.
• Confidentiality. There will be no problems with local tax authorities due to the use of this payment system. The funds credited to the Payoneer account are outside their jurisdiction, and the account holder himself is registered in the United States, therefore he is not obliged to provide anything to the tax authorities.
• Safety. The service is equipped with the most modern technologies protection, the confidentiality of client data is guaranteed by an extremely transparent user agreement that prohibits the transfer of personal information of clients to third parties.
• Russian-speaking support service. This is exactly what many foreign payment systems lack. Consultants can be contacted in a variety of ways, including through phone call. There is also a feedback form with operators who call back to the number specified by the client absolutely free of charge.

A fly in the ointment was the impossibility of making payments on some sites due to a billing address mismatch. For example, one of the American online stores will only process the payment if the billing address is also from the United States. But such cases are rare, so you should not worry about it.

Features of working with Payoneer

Below we will talk about important points that every newcomer to the system should get an idea if he wants to save his time, money and avoid various problems when working with the service.

Account registration and verification

The registration process on Payoneer.com is simple and intuitive. The user must enter personal and contact data in the provided fields by typing them in Latin characters. The first screen requires you to enter your first and last name, a valid email address, and your date of birth. On the second - the address of residence and phone number. The data must be reliable.

To start fully using all the services of the system, you will have to confirm your identity (verification) by sending a scanned copy of your passport or other document from the list presented on the website. The verification process by administrators may take several days, after which a letter will be sent to the specified mailing address stating that a plastic card Payoneer Mastercard. Delivery usually takes about 2 weeks.

The card must be activated in the user profile by going to the "Account settings" section. The user will need to retype the card number in a special field, as well as come up with a PIN code.

Connecting the US Payment Service

The biggest plus payment system Payoneer is an opportunity to get an American bank account in addition to the card. Any payment transferred to Mastercard will automatically appear on the balance. This will significantly speed up the process of accepting / making payments, open additional ways payment.

An email will be sent to your email address with information about your bank (where the payment system account is serviced), account type and account number. It contains a link to a questionnaire that will allow you to verify the US Payment Service.

Among the requested data there is information about the sources of your income, website address, etc. Successful connection of the service will be reported in another letter.

System commissions

At first glance at Payoneer tariffs, only solid pluses are noticeable - the absence of penalties, commissions for payments between system participants, in stores, and a number of other operations for which most payment systems charge interest. I am also pleased with the presence of a $25 bonus issued to everyone who replenishes their account with $100 or more. But the service still has commissions and not small ones:

Tariffs say that the use Payoneer systems for transferring to a card and cashing out small payments of several tens of USD will be unprofitable. If you plan to make a one-time purchase in a foreign store, it also does not make sense - the annual commission will be deducted from the first replenishment.

Negative moments turn into advantages with an increase in the amount cash flow. For freelancers and webmasters who use Payoneer to withdraw several hundred or even thousands of dollars every month, fixed commissions will be much more profitable than percentages.

Deposit and withdrawal of funds

Payoneer does not support traditional deposit methods such as terminal cash or bank transfer. Funds can be received from service partners (Pioneer cooperates with a lot of sites, freelance exchanges, payment systems and other sites that allow you to make transfers to their card). You can also bill anyone, such as your freelance client, fill in the payment details, and send it. The invoice is paid either from a bank card or from another Payoneer account.

Officially, money is withdrawn in two main ways - to a bank account that the user has linked to the account, and Payoneer Prepaid Mastercard (debit card). But nothing prevents you from making an indirect withdrawal through private exchangers by exchanging funds for their equivalent in another electronic currency. Unfortunately, there is no automatic exchange.

Payoneer in CIS countries

Since the Payoneer system is American and was originally focused on western market, many users have questions about the nuances of its work in Russian-speaking countries. Practice has shown that there is practically nothing to worry about.

Payoneer in Ukraine and Belarus

The current legislation of Ukraine prohibits citizens from having undeclared accounts in foreign banks.

Fortunately, despite the similarity with banking structures, Payoneer positions itself as a payment service. The user only gets access to the account, but is not actually its owner.

On the other hand, if you withdraw money through ATMs, especially in large amounts, there is a risk of getting into the field of view tax authorities. There are two options - either registration with the payment of taxes in accordance with the law, or traveling abroad in order to cash out funds at foreign ATMs.

Payoneer in Kazakhstan and Russia

In these countries, the service works without any problems. Funds are cashed out through ATMs of almost any bank, converting from dollars into national currency at quotes close to those of the Central Bank. An additional conversion fee is charged. With a Payoneer card, as well as with classic bank cards, you can pay for goods and services in stores - there are no inconsistencies with the passage of payments.

Payoneer user opinions about the system

No better way make sure the reliability and quality of any site on the Internet, as well as get an idea of ​​​​its problems and shortcomings than reviews of current and former users. And payment systems are no exception.

“The official Payoneer website provides too little information for those who just want to register in the system. You can only find out about some points after you open an account. Their internal forum, although it has a Russian-language section, did not help much in solving my problems. The rest of the service is as expected.”

Ksenia, 24 years old, freelancer.

“I recommend Payoneer for use. Better means for withdrawing money from foreign affiliate programs and paying for goods and services cannot be found. The system captivates with the simplicity of obtaining a card - for example, Neteller costs more than $10 to issue a card, but here it is sent absolutely free of charge.
You can withdraw money from several sources at once. You only need to tell the payer your full name and email address. The card is also suitable for Russian sites - I have repeatedly replenished the Megafon account. Sometimes, however, some sites refuse to process payments.”

Borislav, 20 years old, Youtube blogger.

“Money was stolen. There was about $ 500 on the account, the card was not highlighted anywhere, other payment data too. The application with a complaint was considered for almost a week, after which I had to call technical support via Skype. For about three months, the problem was solved, after which they sent an email stating that the system does not bear any responsibility for the safety of the user's funds, while for some reason returning half the amount to the account. I would not recommend taking risks and storing large amounts in Payoneer - it is better to either use other systems or withdraw immediately.”

Maxim, 32 years old, webmaster.

If we analyze the reviews on the Internet, we can conclude that the vast majority of users (75-80%) rated this EPS positively. The main part of the claims of those who speak negatively about the service is justified by high commissions for maintenance and withdrawal, as well as the slow work of technical support.

Who is the Payoneer payment system for?

Looking back at all of the above, we can identify the main audience of the system - these are people associated with e-commerce. The service provides favorable conditions for people who regularly take Money transfers, withdraw large amounts to a bank account or cash out at ATMs. Freelancers, investors, webmasters, service providers and people related to the listed activities should take a closer look at this payment.

For one-time payments and purchases on foreign sites, there are much more worthy alternatives in the face of Neteller and PayPal. They are no less popular, provide many more ways to deposit money into the account and are beneficial for small transfers. And if your area of ​​​​interest does not go beyond the CIS, there is no point in registering with Pioneer at all.

Details about the Payoneer payment system in Russia

Payoneer review in Russia in 2020 - how to use the payment system. Let's touch on the topics: how to withdraw money to an account in Russian bank? Can I get a Pioneer card? How much does card and account maintenance cost: tariffs and commissions. Where is the best place to withdraw funds? What are the deposit and withdrawal limits? What is the advantage of Pioneer?

How convenient is the Pioneer payment system:

• you will be able to buy goods in any store without a commission, moreover, at a good rate.
• You won't pay any fees for transferring money between Pioneer accounts.
• withdraw funds to a dollar or ruble account.

Payoneer review in Russia: how to use

The Payoneer payment system is used by both freelancers and large companies. You can receive payment in more than 200 countries. The system cooperates with popular exchanges: 99 designs, Upwork, ShutterStock, iStock, fiverr, Airbnb…

To start using your account, you need.
* Immediately after registration, you will be able to receive payments from clients and withdraw money from freelance exchanges to your account.
** Residents of Russia can register on RUB and USD bank account.

Can I order a Payoneer card

Updated March 2020: ordering a card for Russians is not available. Those who previously used the card can re-order a new card.

Order debit card Payoneer Prepaid MasterCard is available in three currencies: USD, EUR and British Pounds after you have a minimum of $30/€/£ in your account. You can withdraw cash from the card anywhere in the world where there are MasterCard ATMs.

Eg:

• With a Payoneer dollar card in Russia, you can withdraw rubles from a ruble ATM, And dollars to dollars.
• if you withdraw funds in India with a Pioneer USD card, you will receive rupees.
• in European countries, with a Pioneer EUR card, you can withdraw euros directly from an ATM.
• in the UK you can withdraw pounds directly from the pound card.

Card delivery

There are two ways to get a Pioneer card: standard and fast. By default, the Pioneer card is delivered in the standard free way, through the national mail of Russia. Delivery time from 1 to 2 weeks. In some cases, delivery took a month.

Expedited delivery is carried out by DHL within 3-5 days. To order expedited delivery, you need to have $ 40 on your USD account / EUR 35 / GBP - 30 pounds, depending on the currency of the card you ordered. Then write a statement to the support service, and indicate that you need expedited courier delivery (below is the data that must be indicated in the appeal):

how to order a card: payoneer review in Russia

How to top up Payoneer in Russia

You cannot replenish your account yourself, such an attempt will be blocked. Here's how you can get paid with payoneer*:

1. Withdraw money from freelance exchanges.
2. Send "Payment Request" to customers worldwide.
3. Receive payment from residents of China, Canada, Australia, USA, Europe and Japan to the details of the Global Payment Service.
4. Receive payment from other Pioneer users.

*Received money to your Payoneer account appears on the card at the same time. Additional transfers are not required.

Withdrawal from Payoneer to a bank account in Russia

You can use your account without ordering a pioneer card. This saves you $30 on annual plastic maintenance. Let me remind you that you do not need to pay for servicing an account without a card.

• In Russia, you can withdraw money from your Payoneer account to a bank account in rubles and dollars in any country.

What conditions:

• commission 2% (commission of intermediary banks is possible);
• minimum limit 300 USD;
• you can add up to 3 bank accounts (which must be registered in your name).

Payoneer fees and charges in 2020

Account maintenance:

• commission — $0.

Card service:

• per year - $29.95.
• reissue - $12.95.
• refusal to issue funds/checking the balance at an ATM - $1.

Payment by card in rubles and dollars — $0.

Withdrawal of funds to a bank account — 2%.

Withdrawal fee:

• rubles at an ATM - 3.5% + $3.15.
• dollars at an ATM - 1.8% + $3.15.

Commission for receiving:

• from a payoneer user - $0.
• to the details of the Global Payment Service (EU countries, Australia, Great Britain, China, Canada, Japan) - 0%, from the USA - 1%.
• through the "Request for payment" - 3%.

Limits

You can withdraw dollars at the bank's cash desk and through an ATM. In the first case, you can receive a large amount per day, the limit for issuing money is greater. But there is a big minus - for this procedure you will need to present your passport. When withdrawing from ATMs, the limit will be lower, and the commission will be more profitable.

• Withdrawal from the card at the bank's cash desk + payment online - $ 7,500 per day.
• ATM withdrawals - $5,000 per day.

Where to withdraw dollars from Payoneer in Russia

In this chapter, you will find information about where it is profitable to withdraw dollars from a Payoneer card in Russia.

Here are the three most profitable bank by limit level. Each of them takes a commission of 2% for ATM withdrawals:

1. Unicredit— maximum 5000 USD/day. For one withdrawal you can get 400 USD.
   This bank receives the most positive feedback, the presence of dollars uninterrupted.
2. Raiffeisen— 3000 USD per day and 300 for one withdrawal.
   *regular receipt of currency in ATMs.
3. Binbank— limit 3000 USD per day and 3000 for one withdrawal.
   * Irregular receipt of currency in ATMs.

It is important to note that the limits may differ from those presented. We advise you to double-check the data with bank representatives.

And after receiving the first payments, you can withdraw funds from your personal account to an account opened in any Russian bank. This is very convenient because it gives you the freedom to plan large purchases and manage large amounts of cash. If to bank account tied payment card, then the received funds become available immediately.

Regardless of what currency is on the balance of your Payoneer account: US dollars, British pounds, euros, Japanese yen or yuan - you can make a withdrawal to a local bank account. The payment will be converted into rubles at the average market rate at the time of withdrawal. In order to get your bearings, you can use the converter on XE.com.

The scheme is quite simple: you make an application in your personal account for the withdrawal of funds, having previously entered and confirmed the data on the bank account. Normal withdrawal terms: 2-3 working (banking) days.

Conditions for withdrawing to a bank account

Withdrawal is possible only to a bank account owned Payoneer account, sending to third parties is prohibited.

The commission fee is 2% of the amount translation.

Withdrawal currency - only Russian rubles.

Minimum amount to send $50, maximum 10 thousand dollars.

Transfer credit term: up to 3 working days.

pros

You get cash almost without any restrictions, at a fixed commission of 2% of the amount. When withdrawing cash from a Payoneer card at ATMs and bank cash desks, there are always quite strict restrictions with a higher commission.

Payment card Payoneer MasterCard is not required.

No additional or hidden fees, only a fixed 2% of the amount.

No problems with ATMs, which very often accompany the withdrawal of cash (lack of the required amount, exceeding limits, paid balance viewing, payment for each operation, etc.).

When paying with a Payoneer card, the daily spending limit is limited to the equivalent of $2,500, withdrawing funds, and you you can plan and make larger purchases.

Minuses

The bank can inquire about the origin of incoming funds, especially if the amount is large, and the account is opened on individual. In banks, where the rules are particularly strict, they may require copies of the contract or other documents on the basis of which the funds are transferred. Therefore, if you plan to regularly withdraw significant amounts, then it is preferable to open a current account for an individual entrepreneur (individual entrepreneur).

Withdrawal is possible only in Russian rubles , the conversion rate is defined as "average market". However, it is usually a few percent lower than the commercial rate offered by banks.

Once the funds reach the local bank account, they somehow come under the scrutiny of the fiscal authorities. While the money is on the Payoneer balance and the card, information about them is not available.

Entering Russian bank account details into your Payoneer account

If you do not currently have a bank account, then you will have to open it by visiting a bank branch with a passport and an individual tax number on hand. Select and arrange the proposed service or package. Do not rush with registration, if you have payment cards (salary, social, for payments), then they correspond to bank accounts and you should find out from the bank support service whether it is possible to use them to receive funds from other sources. Most likely, the answer will be positive. Then it remains to get information about account details and limits from the same service.

With the details in hand, in your personal Payoneer account, go to "Settings" - "bank accounts", where information about the bank account (maximum two) that is linked to your account is stored.

If you already entered your account details when registering with Payoneer (this was not required before 2017), then you will see the entered data. If not, then click "Add bank account".

Now, select your country where the bank account is actually opened. If it is open to an individual, then mark “personal”, if the owner is individual entrepreneur or entity put a mark on "corporate".

Follow the prompts and fill in the details carefully. Please note that some fields are filled in Latin, while others are filled in Cyrillic. If any data is missing, then you can easily find it online. In particular, the address and postal code of the bank branch (where you opened an account) or BIC.

Check all the numbers again, especially the account number, remember that a mistake can lead to the fact that the funds will not be credited. Check "I verify bank account details" and click "Next".

After this, you will receive a notification that the details have been accepted for verification and consideration.

The verification takes several hours, as soon as it is completed you will receive an email notification and you can immediately use the account to withdraw funds.

How to withdraw funds to a Russian bank account

Once the account is added and approved, submitting a withdrawal request will only take a couple of minutes. It is enough to log in to your account and select "To a bank account" in the "Withdrawal" tab.

Choose from which balance you want to withdraw funds - you can choose any, choose the desired bank account. At the stage of confirming the operation, you will immediately be informed about the exchange rate.

Check the box "confirm" and click "withdraw". Usually, funds arrive in the bank account the next day after the withdrawal request. Delays are rare.

In our past articles, we told how, and also examined the instructions in detail. If for the inhabitants of Russia everything is simple and clear, since PayPay has been officially allowed to withdraw money to bank accounts since September 2013, then in Ukraine the situation is not so rosy. All those who live in Ukraine, work in the segment of the English-speaking Internet, and regularly receive payment on PayPay have a hard time. Almost all methods of withdrawing money are associated with mediation, in which a certain percentage is lost. Of course, when withdrawing money through Payoneer, you will also lose a certain amount for bank commissions and conversions, but this is much better than giving 20% ​​to an intermediary, or 11% to exchange offices.

We want to say right away that Payoneer is suitable only for those who often withdraw a lot through PayPal. In all other cases, if the amount is not large (up to $ 1000), and you withdraw every few months, then it is better to use other methods described in ours. Why is that? Read to the end and find out.

Payoneer and PayPay: detailed instructions for opening a virtual account

In the article on how to withdraw money from PayPay in Ukraine, we have already talked a little about Payoneer in order to acquaint the reader with this possibility. But today I would like to talk in more detail about how to open a virtual account. We will consider the algorithm of actions, tell you why withdrawal through Payoneer is better than all other methods, and also briefly tell you what Payoneer is and whether there are risks when working with this system.

What is Payoneer

Payoneer is an American company that provides a virtual US bank account. In fact, you will not have a real account, you do not sign any documents, you do not give your originals and copies. You just need to register, order a card, and after a while receive it by mail. We will tell you more about the whole procedure below. But the question may arise, where will my money be stored if the account is virtual and not real? How does Payoneer ensure security? What guarantees does it give? There is a lot of incomprehensible here, and in order to find answers, you need to read the official website of the company, specialized blogs, reviews of users of this system. We do not know all the intricacies of how Payoneer works, but we can say that with PayPal, through their cards, you can withdraw money without any problems.

Payoneer assures that in any ATM that serves MasterCard cards, you can withdraw your money without any restrictions.

You can read the reviews of users of the services of this company on the Habrahabr website, where Payoneer maintains an official blog, and at the time of this writing there were 207 reviews and comments.

First of all, you need to register in the system. To do this, go to the official website of the company, and click the "Register" button. It is noteworthy that the entire site is translated into Russian, as Payoneer is focused on Russian market, and the market of the CIS countries.

There should be no problems with registration, because everything is intuitive. It is very important to indicate real data, and fill everything out very carefully. In confirmation of your registration, an email will be sent to your email address, which will contain all the data that you sent to the system. To avoid critical errors during registration, we recommend using Chrome and Mozilla browsers.

ID confirmation

In order to be able to use a virtual bank account, you need to verify your identity, passport details, and source of income. The confirmation system is a little strange, but what is it. To do this, the letter will contain two links, by clicking on which you will be taken to the page with surveys.

The first link should answer questions about your work. From the drop-down menu, select the type of activity that most accurately characterizes what you do, and then describe (possibly in Russian) what you do. Follow the prompts and do everything as the system indicates.

By clicking on the second link, you will be taken to a page where you need to confirm your passport data and identity. Submit a photocopy of your passport or driver's license. It is very important that the copy was in color, of high quality, it clearly shows the name, surname and date of birth.

Receiving a card by mail and activating it

When registering, you indicate your postal address, which should be received within 3 weeks bank card Payoneer. Also, along with the card, there will be a letter that describes in detail the process of further activation of the card.

The activation process is quite simple. Payoneer offers two ways: contact the operators by phone, or activate the card via the Internet. The second option is more suitable for us, because it is faster and much cheaper. Go to the Payoneer website, log in with your username and password, and click "Activate Card" (the yellow arrow in the screenshot indicates where this button is located). Next, enter the card number, and come up with a PIN code that will be needed when withdrawing money from an ATM.

Learn more about activation in this video.

ConnectionPayPal account to US bank account

We want to warn you right away that you take on all the risks associated with linking a US bank account to your account. And these risks are associated with the fact that the account can be blocked. Why? Yes, because PayPal's policy is based on the fact that residents of a particular country must link the accounts of banks operating in the territory of their state. Therefore, if you are not a US citizen and do not have a residence permit there, then you are violating PayPal rules. Of course, in 99% of cases this goes unnoticed, but 1% exists, and you should be aware of the risks.

If you do not yet have a PayPal account, then we advise you to read our article "". Consider only the fact that you need to indicate your real name and surname, but you need to invent the address of residence. Take any US state, address, house, apartment. Just do not write the address of well-known companies or government agencies. See where there is residential areas, and randomly take something for yourself.

Bank account confirmation

Having linked the account, you also need to confirm it. This is a standard PayPal procedure, in which you will receive 2 payments of a few cents into your account. After 2-3 days, check your Payoneer account, and as soon as you see the transfer transaction, then go to your PayPal account and indicate the amount of transfers.

Once your bank account has been verified, you will be able to receive and send transfers using your Payoneer account. But the most important thing is that money can be withdrawn at any ATM, and at any time.

It is also worth noting that using the card will cost $30 per year. But there are also various commissions for replenishing and withdrawing money from the card, for transfers and other transactions. You can read more about this on the official Payoneer website.

And having already completed the article, we decided to get acquainted in more detail with the reviews of those who have been using Payoneer for more than a month, or even a year. As it turned out, there are a lot of “pitfalls” in the system, and hidden payments that no one talks about openly. That is why we wrote at the beginning of the article that this card suitable only for those who often and a lot withdraw from PayPal. The rest should look towards automatic exchange services, or look for intermediaries who will withdraw money and PayPal with a minimum commission.

Payoneer service: user feedback

We will not publish flattering reviews. And so it is clear that the system has a number of pluses and advantages. You should always read negative, but truthful comments from users who are trying not to denigrate the company, but to show its real face. And just a few of these reviews we found on the forums.

Svfoster, Habrahabr website

Payoneer has incredible commissions for…everything. For each movement, for each sneeze, money will be withdrawn (percentage or a fixed rate). The absurdity even comes to the point that the interest is charged for rejecting a transaction, or if you entered the wrong amount at an ATM and could not withdraw money.

So, in order. Open cards - $20, crediting money - commission $2 (and wait 2-3 days!), for withdrawing money in dollars (PayPal) - commission ~ 3% and there is no word about it anywhere, and if you need to make a refund via PayPal then withdrawn commission do not return. Refusal to withdraw through an ATM - $1 for an incorrect request, withdrawal through an ATM or an operator in a bank - $2.15 per request. Card content $3 per month! In total, in order to transfer amounts of ~ $ 1000 per month, the commission will be (year) 20 + 2 * 12 + 2.15 * 12 + 3 * 12 ~ $ 106 in the first year of service + 3% for paying for purchases, which will be $ 360 per year! Do not forget that there will also be a commission for withdrawing money, especially if it is in the currency of your country.

Nikolay, webmaster forum

If you are using Payoneer and you have controversial issue, or if you want to contact support, then stock up on valerian and strong nerves. No support, answers for a long time, does not say anything specific, questions are not resolved. Okay, if only an isolated case, but it happens all the time.

I used Payoneer for a while, endured their robbery, because there was no alternative, but there is a limit to everything. Refused virtual account.

Whether or not you use Payoneer is up to you. We only provided detailed instructions on how to withdraw money from PayPal via Payoneer, and published reviews of those who already use their accounts and cards.