Payoneer is a fast and easy solution to receiving payments worldwide. Payoneer provides MasterCard to its users who can withdraw money via ATM booths all over the world where electronic ATM booths are accessible. The Payoneer MasterCard works like any other MasterCard out there. You can purchase and make monetary transactions through this Card in both physical store and over online. You can make any form transaction where MasterCard is accepted as a form of payment.
However, there’s a cache! You can’t just self-load money in your Payoneer MasterCard; you can only fund your card through your free-lance work after you get paid. The payment is then received through your Payoneer account and collected via your Payoneer MasterCard. Payoneer is the most ideal way to get paid online and receive payments from clients who are in a different country. You don't need to have a bank account to get a free MasterCard. It’s an alternative way of getting paid for performing services or freelance work, whether it is graphics, web designing, content writing or digital marketing. Thanks to Payoneer MasterCard, you won’t have to rely on third-party payment services or be physically present to withdraw for your money.
Making a Payoneer account enables you to start getting payments when you are prepared to collect your compensation. You can apply for a MasterCard and start withdrawing funds only after you gathered a minimum amount of money in your account. Payoneer card will be available once you have gotten 100 USD, EUR or GBP in total payments.
Now let’s take a look what Payoneer CAN’T do. Payoneer accounts are only designed for business or work related transactions. The things you can’t do with are –
- Topping up your prepaid card
- Gifts from family and friends
How to get a Payoneer card in Bangladesh
Like any other country, the way to get a Payoneer card in Bangladesh is pretty much the same. The residents of Bangladesh will be able to order the Payoneer card only after they start receiving payments in their Payoneer account. A Payoneer MasterCard requires you to earn at least $100 from any marketplace in total. It takes about couple of weeks to get the card after you’ve ordered and you will get the option to order the card only after you’ve obtained the minimum threshold which is $100. After receiving the card, you’ll have to pay a very small yearly fee for the maintenance and service charge of your account and MasterCard. There is no maintenance cost before getting the card.
Benefits available in Payoneer MasterCard
1. Bonus $25 for Joining
Payoneer will give you a bonus $25 in your Payoneer account within 7 days of receiving your Payoneer MasterCard. This amount is only given after you have obtained a Payoneer card. They don’t give anyone this $25 because then people will start spamming them with their multiple Payoneer account.
2. No Bank Account Required
One of the biggest advantages of Payoneer card is that it does not require you to have any sort of bank account. Since majority of the bloggers or free-lance artists start off as a student and generally they don’t have a bank account. All your earnings will be saved in your Payoneer account and you can withdraw it anytime from your local ATM booth. However, even if you do have a bank account, you can incorporate it with your Payoneer account, in that way you can withdraw your money from the bank.
3. Fastest Service to Receive Payments
Payoneer is very fast in terms of receiving payment. It’s like ordering a food but instead of just order and eat, you work and get paid! Even compared to its rivals, Payoneer is pretty fast comparatively. Even if you receive your payments from bank, it still gets there in time.
4. Online Payments get Easier
Online payments can be a serious hassle sometimes, especially if you’re a student who doesn’t own any debit/credit cards, but with Payoneer cards you can buy almost anything from the web where MasterCard is accepted. Any form of online purchase can be done very easily. You can even buy products that cost less than $1.
5. Withdraw from Anywhere in the World
Currency exchange is quite troublesome if you travel a lot, keeping that in mind Payoneer has solved this issue with their MasterCard. Even if you don’t have any idea about money conversion rate, it won’t be a problem, all you have to do is travel to your favorite country, visit their local ATM booth and withdraw money in local currency using your Payoneer MasterCard. The rest of the work (money conversion etc.) will be done by your card. The only drawback is that every time you withdraw money from any ATM, it deducts $3, so it’s better to withdraw a large amount of money to avoid further deduction.
6. No Hidden Charge
Payoneer cuts NO hidden fees with whatever transaction you make. Every transaction you make is transparent to you. It means that it shows everything about your transaction so you don’t have to scratch your head afterwards thinking where the rest of the money went!
7. Receive your AdSense Payments (UK & USA only)
Good news for you if you’re a resident of UK or USA and have a Payoneer Card. Since majority of the users of Payoneer are freelancers or bloggers, there is a special benefit for them. If you’re either one of these, it’s high chance you use Google AdSense. Payoneer gives you the chance to get your AdSense through Payoneer. You won’t have to do anything extra to get this benefit, just add your virtual bank details on AdSense payment page and that’ pretty much it.
8. Accepted by Large Organizations
Since Payoneer has become a large organization itself, many freelance sites and other large companies have started to support it completely. Many companies rely on Payoneer for their payment method policy. For every internet marketer and freelance workers, their affiliate commissions are extremely important since they receive payments from so many different sites. Thus, Payoneer makes it easier for them to receive their payments.