Recent advances in electronic payments have created countless opportunities for rapid growth in e-commerce business and beyond. Payment systems are constantly being improved, making them a fast and convenient way to make transactions. With them, selling goods abroad becomes much easier – customers no longer need to go to the bank to make payments.

What is Payoneer?
Payoneer is an international payment system. This platform is used by tens of thousands of users from over 200 countries, making cross-border payments more practical and convenient. The payment system offers fast, flexible, secure and inexpensive solutions for receiving funds from different countries in different currencies.

Besides the advantages inherent to all payment systems, Payoneer has the following additional advantages:

no fees when purchasing goods in any of the stores;
No commission for transactions from one Payoneer account to another;
convenient withdrawal to dollar accounts;
good exchange rate. This payment system is used almost all over the world.

Payoneer is an American financial company. The platform facilitates global trade for thousands of small businesses and trading platforms. It corresponds to all new generation technological algorithms, operational and banking infrastructure, offers different service packages. Payoneer account maintenance is absolutely free and does not require any funds on the balance.

Payoneer was created in 2005 in New York. The founders of the system used a $2 million fund. The company has 17 regional offices in the United States, United Kingdom, Latin America and Asia and has more than 1,200 employees. Major multinational companies use Payoneer to send global collective payments.

Payoneer payment system can distinguish more than 150 local currencies. The system, popular worldwide, has become one of the most preferred ways to pay and receive payments, mostly for individuals. Account holders on this global platform, which is considered to be even faster and more profitable than PayPal, can send as well as receive money using bank accounts, Payoneer e-wallets or prepaid debit cards.

Benefits of using Payoneer
The benefits of using Payoneer include the following factors that are popular with users:

International bank payments take an extremely short time, and there are no technical difficulties in making them. They are easily tracked, and you do not need to request funds from the other party to make a payment, which is very convenient. Payments are made through bill payment or transfer. There is no possibility to connect a service to accept payments on the site, like Stripe, Paypal, Shopify Payments, but Payonner is often used to withdraw funds from such systems.
There is an opportunity to use Global Payment service, which allows receiving payments from abroad from any companies or online venues to your personal account. The corresponding details are provided for the transaction.

Payment request creation in personal cabinet: fill in the date, when the payment was made, e-mail, description and sum of payment. Besides, you can attach other documentation, if necessary. Personal cabinet is also used for request tracking.
The system ensures the safety and security of its clients’ money in any difficult situation. It takes care of the reliability of its service.
Thanks to a convenient application, it is possible to view the current balance in USD or in monetary units of the country of residence.
The History section provides a monthly statement of each executed transaction which is very convenient and enables the user to control his income and expenses.