For those who don’t know,
Payoneer is payout solution provider. As you may know that Payoneer is a registered MasterCard
Merchant Service Provider (MSP), and partner with Choice Bank Limited or First Covenant Bank to deliver services.
The Payoneer
Prepaid MasterCard®
works just like any other Prepaid MasterCard/VISA card. The card is
accepted at all locations worldwide, where Debit MasterCard is accepted
You can use it at a point of sale location to make purchases and
withdraw money at any ATM by the Standard Chartered Bank or MCB in
Pakistan.
No matter where you are in the world, if you are over the age of 18 and
not an alien, you can order the Payoneer Prepaid MasterCard® card
through one of payoneer partners. If you expect to receive earnings from
this partner.
Payoneer is responsible to deliver your card to you wherever you live.
You can also use the card to receive earnings from other Payoneer
partners. You don’t need a bank account to apply.
so payoneer card can be used to receive fund from any one, remember
that $1,000.00 is the limit for private loads made to your card. Payouts
from your affiliate account (the payment your company/payoneer partner
sends) do not have a limit.
Getting Payoneer Card
You need to contact any payoneer partner to get your card, few of them are listed below
Freelancing: GetAFreelancer, uTest, Guru, oDesk, RentACoder, ScriptLance, Elance
Payment processing: 2CheckOut, Plimus, FastSpring, WebMoney
Advertising: MediaWhiz, Bux.to, Copeac, ROIRocket, IncentReward, Infolinks
Others: FreedomRocks, GPA40, iStockPhoto, Fluc, Zizbiz, MagicRock, TripleClicks
All of above want you to
earn money with them – and eventually you can redeem that money to the Payoneer MasterCard.
By the way Payoneer reserves right to accept or reject any application,
It can take a couple of business days for your application to be
processed and approved. Once approved, you will receive an e-mail
confirmation with shipping details for the card.
When you get your Payoneer MasterCard you need to activate it (activation charges apply).
Withdrawing Paypal Funds
Many people around the globe have been trying to apply for a US Bank
Account but were denied by the extremely restrictive conditions they
have been required to fulfill before they could get one, after the
September 11th 2001 attacks, the US government issued what is known as
the “USA Patriot act” that was meant to avoid any future attacks of the
same kind. One of the measures that are included in that document is
that non US residents cannot hold a US Bank Account as they did before.
Today, getting a US Bank Account the regular way when you are not a US
citizen is still impossible or to be more accurate, difficult and very
costly. However, there are alternative such as an innovative solution
called US Virtual Bank Account by payoneer for CardHolders.
As you can see, this is NOT a real US Bank Account, it is just a virtual
one! In practice, things work this way: Payoneer gets a mega Bank
Account with a partner US bank under which sub accounts are created for
each Payoneer customer in order to provide them with unique account
numbers they can use to get payments. Payments can be sent to the sub
account, using the account number that was previously provided, then
Payoneer transfers the money they receive to the personal Payoneer
Debit Card of the customer that received the payment in order for him
to be able to spend it!.
In the end, you don’t really get a US Bank Account, but you have all the
infos (an account number and routing number similar to physical bank
account details) that are needed to get paid by a customer or a partner
who cannot use Paypal or other payment systems. these numbers are
attached with Payoneer card
As you can see, this service offered by Payoneer is very useful and
quite smart! Anyone is now able to enjoy the benefits of a US Bank
Account without the hassle.
