Payoneer MasterCard Review

Is Payoneer good for freelancers and affiliate marketers? Find out in my hands-on Payoneer debit card review 

In this Payoneer review I will be explaining how the Payoneer MasterCard Prepaid Debit Card works and how I know that Payoneer is most certainly not a scam, based on my own personal experience with Payoneer over the course of one year and counting.

If you’re a freelancer or affiliate marketer, you’ve probably got enough to do right now — so let’s get on with it. Keep reading for an insider view of Payoneer’s prepaid MasterCard debit card.

What is the Payoneer MasterCard Debit Card? 

Payoneer MasterCard Debit Card: Facts

I’ll start off with the basics in case you’re not sure how Payoneer Page on Works their name implies, Payoneer are true ‘pioneers’ in the Payoneer global payment processor sector and there isn’t an easy comparison to be made between Payoneer and other services like it.

To save you time figuring it all out, I will do my best to explain what they can do for you as an international freelancer, author, or affiliate marketer.

What is Payoneer? 

Payoneer is a global payment processor similar to PayPal and Moneybookers (AKA Skrill) which promises a safe, secure, and affordable online payment solution for international freelancers and affiliate marketers who make their money online.

The Payoneer prepaid MasterCard works like any other re-loadable MasterCard prepaid debit card that you can get at your local bank branch, with a few small differences.

Here's a quick summary of how the card works.

What do you get with the Payoneer MasterCard debit card? 

1. A physical MasterCard prepaid debit card.
2. An online account linked to your MasterCard card which you can use to view your balance and transaction history, as well as manage your account and personal details.

How can you use it? 

1. You can receive credit/debit card payments from anyone with Visa or MasterCard, from anywhere in the world. This service comes with a small processing fee per payment, and the maximum amount you can receive from a single credit card payment is $1000. 
2. You can receive Direct Deposit payments from corporations such as Amazon and PayPal through Payoneer’s US Payment Service. The transfer fee for the US Payment Service is 1% of the total amount received. You’ll get paid directly onto your card, rather than having to wait for an international check and paying exorbitant clearing fees on your earnings. 
3. You can receive online payments in US Dollars from Payoneer-approved partners (for example: Elance, oDesk, MediaWhiz, Media Shakers, Conduit, and dozens more). Receiving payments this way is completely free for most partners and takes two days to load, although you can also pay an extra $2.50 if you need the cash within 1-2 hours of requesting it. 
4. You can pay for goods and services online as well as in brick-and-mortar stores. It has the convenience of a credit card for online payments, with the beauty of a prepaid debit card since you cannot spend more money than you have in your account. There is no extra charge added to your purchases when you use the Payoneer card directly. 
5. You can withdraw cash in your local currency from any ATM with the MasterCard logo visible on it somewhere – there are more than 1 million of these ATMs worldwide. The fee for a standard ATM cash withdrawal is around $3. 

If you don’t already have an account with one of Payoneer’s partners, you will have to sign up for your Payoneer card directly from the Payoneer website.

There are no monthly maintenance fees when you sign up for your card via Payoneer. Please note that Payoneer does provide a few other services such as Global Bank Transfers and the US Payment Service; however, I will not be covering these in this review as I do not use the Global Bank Transfer Service and have only recently been approved for the US Payment Service.

Once I have more experience with the US Payment Service I may write another review detailing how I have found it. [UPDATE: I just received my first Direct Deposit payment from Amazon Associates using Payoneer's US Payment Service - everything came through without a hitch and I'm smiling from ear to ear!

Verdict: 100% legit.

How to get your own Payoneer card + $25 bonus 

Payoneer is running a special ‘Refer-A-Friend’ promotion for a limited time which means that if you sign up through an existing cardholder’s referral link now and you get $25 added to your Payoneer account when you’ve transferred over $100 in earnings or deposits to your card.

Deposits that qualify towards the $25 bonus include loads from your PayPal account to your Payoneer card using the US Payment Service, as well as from any other company on the US Payment Service Whitelist.

Applying for your card is quick, easy, and you don’t even need an existing bank account. Once you sign up online with Payoneer, your card is shipped to you at no charge.

Step By Step to Get Payoneer Card