Ok, you guys! A lot of you have been asking me about my process for receiving payments from clients abroad. For the longest time, I’ve relied on PayPal for receiving payments. The thing with PayPal is that it has crazy fees and the exchange rate is always below the current rate. I realized I’ve been losing a ton of money so I decided to look for an alternative for clients who are willing to move out of PayPal and into a new payment platform.
That alternative is Payoneer. I signed up for Payoneer years ago. I love how handy the Payoneer Prepaid Mastercard that came with my account was when I used it for my trip to the UK a few years back because I was able to make purchases without issues. The only drawback of the card is that the fees can be steep if you use it to withdraw cash in our local ATMs.
But that’s not a huge block because you can easily link your bank account to your Payoneer account and it sends your income to your local bank directly. Of course, there are fees for each withdrawal to your bank (so be strategic when withdrawing money). The good news is, the fees are not as steep as PayPal’s and the exchange rate follows the current rate.
Other Uses Of A Payoneer Account
When you create a Payoneer account, it isn’t just for receiving payments from your clients.
- You can link it to platforms like ShareASale to receive commissions from your affiliate sales automatically.
- You can use is to send payments to other service providers.
- You can use your Payoneer Prepaid Mastercard to make online purchases securely.
- And so much more!
If you’re looking for an alternative to PayPal, Payoneer is definitely it. And if you sign up for an account via my link, we’ll both get $25 each once you reach your first $1k. How cool is that?!?
Got questions? Comment below and I’ll try my best to help you!
This post contains affiliate links. What this means is if you sign up using my links, I’ll receive affiliate commission to help me run this blog. Thanks in advance, love!