A Review on Payoneer Payment System
Payoneer is not a bank, but a financial services company that provides digital payment services, online money transfer, covering 200 countries and 150 currencies, Payoneer is not a company that is located in an offshore country but is a company from the United States. 2005, so there is no need to doubt the legality and security, Payoneer is a Member Service Provider (MSP) from MasterCard worldwide, thus it can be used at all merchants and ATMs with the MasterCard logo.
The advantages of Payoneer are:
1. It is a company from the United States of America so there is no need to doubt its security and legality.
2. Opening a Payoneer account is easy and free, you only need a National ID card.
3. The Payoneer card is a Prepaid MasterCard (Debit Card) card, so it can be used at ATMs and merchants bearing the mastercard logo.
4. Can make cash withdrawals to local Indonesian banks.
5. Can be used to receive payments from companies located in the United States.
6. Low withdrawal fees to local banks.
7. There are no restrictions on the amount of money that can be withdrawn.
8. Many online businesses accept Payoneer in payments.
The disadvantages of Payoneer are:
1. Almost no merchants and companies in Indonesia cooperate with Payoneer.
2. There is an annual administration fee.
3. For withdrawing money to local banks in small amounts is not economical.
4. A transfer fee will apply when sending money.