Tuesday, 3 September 2013

Yuval Tal Payoneer Prepaid Master Card Review


I have been using the Payoneer Prepaid Master Card since February 2013 and this has made me confident in writing a review about it. This is the image of my Payoneer Prepaid Master Card.

Yuval

Tal

First of all, I will break this review into several parts:

1. Founder of the Payoneer Prepaid Master Card.


2. Benefits of Using the Payoneer Prepaid Master Card.


3. Frequently Asked Questions about the Payoneer Prepaid Master Card.

1. Founder of the Payoneer Prepaid Master Card

In summary, Yuval Tal was born in 1965 in Israel. He has a rich professional career where Tal began his career at Radware, then served as a general manager of R-U-Sure Ltd in 1999. He also co-founded E4X which was the world’s first internet payment solutions company.  In 2005 Yuval established Payoneer. For more information about Yuval Tal, please click the link below.

 Read On: Yuval Tal   

Payoneer


2. Benefits of Using the Payoneer Prepaid Master Card

A. Minimal Transfer Fees from PayPal to your Payoneer Account.

B. Buy Goods or Services Online.

C. Withdraw money from ATMs that Accept Master Card.

D. Payoneer Supports over 200 Countries.

E. Excellent Customer Support.

A. Minimal Transfer Fees from PayPal to your Payoneer Account.

Majority of you agree with me that most Freelancing and Affiliate Companies pay their workers via PayPal. The reason these companies do that is because PayPal is secure.

Prepaid

After working hard as a freelancer or affiliate marketer, you receive your payments through PayPal. The question is how to withdraw money from PayPal. The answer is using Payoneer. 

One point to note is that PayPal does not charge transfer fees to American Banks. If you are withdrawing funds from your PayPal account to your Payoneer Account, PayPal will not charge you any fee. See the image below for a better explanation and focus on the area covered by the red circle.

Master


B. Buy Goods or Services Online.

The Payoneer Prepaid Master Card easily allows buying of goods and services online. For example by using my Payoneer Card, I went to the GoDaddy website and bought a domain name for a whole year. See the images below.
Card

Review

During the transaction, I was not charged withdrawal fees. Look for the red arrow in the image below.
Transaction

C. Withdraw Money from ATM's that Accept Master Card.

Payoneer will not charge withdrawal fees every time you withdraw money from your Payoneer account to the ATM. The bank where you withdraw the money from will charge you a fee. Here in Kenya, Barclays Bank does not charge withdrawal fees but other banks do.

In your country some banks will charge you withdrawal fees and other banks will not charge. It is up to you to do your research on which banks in your country don’t charge withdrawal fees. If you are unlucky then you will have to pay withdrawal fees per transaction.




D. Payoneer Supports over 200 Countries.

Payoneer supports over 200 countries and 50 currencies. Click the link below to see if Payoneer is supported in your country.



E. Excellent Customer Support.

Payoneer offers excellent customer support 24 hours a day.  There was a time, I did not receive my card and after contacting them through their email address, they sent me another card. See the image below. 

Customer


Also, I had a problem accessing my account. I called them through their phone support. The support team advised that I should clear my browser cache. After doing that, I could access my account.
Feel free to visit the Payoneer Prepaid Master Card Website for a better understanding of Payoneer.



3. Frequently Asked Questions about the Payoneer Prepaid Master Card.

On my FaceBook page, I received several questions about the Payoneer Prepaid Master Card. To access the FaceBook Page, go to this blog’s menu bar and click Facebook.
I have sampled some of the questions.

Q1. How Much is the Payoneer Prepaid Master Card Renewal Fees?

The Payoneer Prepaid Master Card is valid for 2 years. Approximately 90 days before your card is set to expire, you will see a new option available on your Payoneer online account. This option will say that your card is expiring soon, and will allow you to order a new card. There’s no charge for the new card and there is no requirement.

Q2. What is Activation Fee?

Activation Fees is a one time or lifetime charge. This means that once you pay the fee, Payoneer will never ask you to pay the fee again. When you will make a first time withdrawal from your Payoneer Account to your Local ATM, Payoneer will deduct 30 dollars from your account for Activation. Do not worry about that because they will only charge you once.

When you will withdraw money from your Payoneer Account to your Local ATM for a second time, Payoneer will not charge you Activation fees.

Q3. How Does Refer A Friend Program Work?

Depositing 100 dollars into your Payoneer Account will enable you to activate the Payoneer Refer a Friend Program. Therefore you will earn your first 25 dollars. You will not be required to deposit 100 dollars again so as to earn 25 dollars for a second, third, fourth or infinite times. A person that registered under your referral link will also be required to deposit 100 dollars into their Payoneer Account so that he or she activates his or her Payoneer Refer a Friend Program. Once the person activates the program, he or she will earn earn 25 dollars and also you will earn your second 25 dollars.

After earning from that person, you will not earn again from him or her. You will earn again if a new person registers for Payoneer Master Card under your referral link and deposits at least 100 dollars. Then, that new person will earn 25 dollars and you will also earn your third 25 dollars. Then you will not earn from him or her again. And the cycle continues.

Q4. What is the use of the Payoneer Prepaid Master Card?

With the Payoneer Prepaid Master Card, you can withdraw money from your Payoneer Account to any of the ATMs worldwide that accept Master Card.

Q5. What is US Payment Service

Your Payoneer Account is also known as The US Payment Service.  Your Payoneer Account is also known as your American account that will store your money. For example, my money is being stored in an American Bank known as First Century Bank. You may be given a different American Bank.

Payoneer has collaborated with several banks in America such as First Century Bank, etc so that people can use one credit card to withdraw. Let me give you an example. In Kenya, each and every bank has its own credit card. But in America, Majority of Banks use the same credit card such as Payoneer Prepaid Master Card.

Payoneer is used by people to transfer money from their PayPal Account to their American Account or Payoneer Account also known as the US Payment Service. Then, the Payoneer Master Card is used to withdraw money from your American Account (US Payment Service) to your local ATM(s).

Q6. Do I Have to Register under a Referral Link so as to Earn my First 25 Dollars?

Yes, you need to register under a referral link so as to get your own referral link and receive your first 25 dollars. If you do not register under a referral link and prefer to register under the Payoneer website, you will not earn your first 25 dollars. Also, you have to deposit a minimum of 100 dollars to activate the Payoneer Refer a Friend Program and earn your first 25 dollars. You can use this link to register for a payoneer account.


Q7. Can you Kindly Show us Proof that you Earned your First 25 Dollars?

Yes, see the images below as proof that I earned my first 25 dollars.


referral



history


Conclusion

There you have it. It is quite a lengthy article but the Payoneer Prepaid Master Card is worth the investment. Don’t forget to read my article below on how to add chitika ads into bloggers.


This has been Wilfred,

Have a great day.

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