Payoneer is the most used international payment solution in Bangladesh for freelancing perspectives. There is hardly any freelancer here without experiencing the Payoneer. We will talk a bit of detail on Ultimate Payoneer reviews for Bangladeshi freelancers.
Another milestone Payoneer has touched to serve the digital world more confidently is that it has been a public limited company very recently.
Payoneer is very easy to avail, fast and cheap to transact. An added feature is that it has a Bangla version website to keep your journey smooth in terms of language. It is also very important that getting a Mastercard(International) is a great feature freelancer long for. However, you need to earn $100 from any marketplace/affiliates to get the card. The card was formerly without any condition, but BD’s unscrupulous attitude of going to be freelancers made the conditions impose.
Many persons previously took the card as it was free of cost and conditions and never make any transaction. So, Payoneer imposed a bar to ensure that their cards are no longer for show-offs. They want that all their cardholders are real users who use them regularly.
Ultimate Payoneer reviews for Bangladeshi freelancers
In this article, we will learn some of the most asked issues regarding Payoneer accounts and cards. They will include the topics below:
- How to open a Payoneer account from Bangladesh?
- How can you get a $25 referral bonus during account opening?
- How to order Mastercard?
- How to keep your account safe?
- Getting paid with Payoneer
- Transfer and withdrawal basics
- Supported currencies
- transferring between currencies
- Time to get account approval
- Time to receive a card
- Time to receive funds in the local bank accounts.
- Payoneer and MFS for instant transfer
- Payoneer Bangla website
- Payoneer Bangladesh Official Community and many more
Let’s explore all the aspects presented above in little detail. Payoneer is a fantastic boon for Bangladesh’s freelancers in solving the long-cried problems to pay and get paid internationally.
- Easy to create account
- Lots of cool features
- Easy to avail a prepaid Mastercard
- Possible to make or receive payments, shop and fund transfer
- Fewer hassles in approval process
- Bangla version of website is available
- Legal and secured
The document you will need to open a Payoneer account:
- Bank Statement/Utility Bill
- Bank Account
How to open a Payoneer account from Bangladesh?
Step-1: Go to payoneer.com and click on Register
Step-2: Complete the information as required. Automatically Individual option is selected.
If you want a business account:
- Click on business.
- Remember, write the name and details as per the Smartcard/ID/Passport.
- Go to the next page by clicking on NEXT.
Step-3: Write address correctly and as directed with Street, ZIP, Mobile number, etc. Remember, keep everything authentic, as your card will be shipped to the address you provide. Go to the next page with the NEXT button.
Step-4: Select your password, security question-answer. Tip- Keep the question-answer written to use it later on any emergency and verification. Go to NEXT.
- Read and agree to the agreement.
- Check all the details regarding account type, currency, and all the data provided.
- SUBMIT to create the account.
How can you get a $25 referral bonus during account opening?
Sometimes you need not defeat others to win some bucks. In Payoneer, if you use any referral link of others, both of you will get a bonus after you deposit the qualifying amount($100). So, before starting your account opening process, get a referral link from your near and dear ones to win both. You may even use this referral link if you do not have someone close to giving some bucks!
Use/click the following link to visit payoneer.com and enjoy a $25/50 bonus. If you create an account with this link, I also will get a $25/50 bonus. It must be a win-win situation as both of us are getting a bonus. If you directly visit and create an account, you will miss the bonus, and I will miss too
Click on this link and signup into Payoneer to earn an extra $50/25
How to order Mastercard?
To avail of the card from Payoneer, you are required to earn/deposit $100 from any marketplace/Affiliate site. When the threshold reaches, you will get the order card option. Previously, the card was an automatic process. But, the majority of cardholders misused the option and kept the cards asleep in their drawers. So, Payoneer imposed a bar of $100 earnings from marketplaces/Ad providers/Affiliate commissions to ensure that real earners are taking the cards.
Note that you will get options to get more cards for each currency. For example, if you get payments from CAD, GBP, etc., you may order cards for those currencies. The card usually takes around 20 days to reach Bangladesh through a post office(your doorstep without any charge). However, if you need the card urgently and want to spend some amount, you may want the DHL delivery. It will cost you usually $40.
After you have received the Mastercard,
- Login to your Payoneer account
- Go for Prepaid card with number
- Select activate now
- Input card and PIN
- Click on Activate Now
You will be notified with a confirmation email that the card is now ready for use. It is time to enjoy the international payment solution using Payoneer.
Is Payoneer card free?
It is very crucial to know about the charges as it is a financial issue. For active cards with regular transactions, you are not charged. But if you make no transaction over 12 months, you are to pay $29.95 as a charge.
How to keep your account safe?
Over time, many cardholders complain of their card’s deactivation or blocking. So, you are to be a bit aware beforehand to avoid the blockage. Some of the most common tips to keep your card safe may include:
- Never engage in buy-sale of currencies.
- Always use authentic details and addresses.
- Provide verification information when and as required. So, read the email and notification from Payoneer regularly.
- Seek help with previous posts or, if no matching post, a new post in Payoneer Bangladesh (Official) Group.
- Reach out to the company with genuine information and grounds if anything bad happens
- Always keep everything legal and reasonable to have a good impression.
Getting paid with Payoneer
Getting paid internationally is no more pain as there is Payoneer to help you out. Payoneer will provide you with bank account details for every currency you require. Fill out the bank details from where you are requesting payments. Payments will be deposited at your Payoneer accounts without any hassle. Remember, You will get various bank accounts based on the currencies you request.
You are free to get payments in around 150 currencies worldwide. You can think of any currency that is not in the bucket of Payoneer.
Transferring between currencies
Payoneer is in the stage to make your payment solution smooth and comfortable. You need not cards for each currency you take payments. You may withdraw from each currency to your bank account, but when using your cards, you may use a single card efficiently. You are allowed to transfer your inter-currency balance with a nominal charge instantly. Select from currency to currency and the amount to transfer the balance.
Payoneer Digital Purchasing Cards
Payoneer Bangla website
Payoneer proudly acknowledges Bangladeshi freelancers’ contributions and feels the urge to help them in all possible manners. Introducing the Bangla version of their website is one more step in fulfilling the user experience in the language consideration. With this version, freelancers with less English expertise can deal comfortably with their earned funds. It also helps them secure their accounts as the terms and conditions are available in Bengali to follow and maintain with ease.
Payoneer Bangladesh Official Community and many more
Another great addition in Bangladesh is the Payoneer Bangladesh (Official) Community to make your journey more relaxing. Being a member, you can enrich your knowledge and solve your problems effectively with the official aspects and experiences of more than 63,000 members. There are lots of tricks, tips, and suggestions to make you the most out of Payoneer. You will find lots of practical and specific solutions to the problems you may face someday. The account opening, support, problem solution, and account security aspects are well explained with practical and official orientations.
Payoneer in Bangladesh Frequently Asked questions.
How much time does it take to get account approval?
It usually takes 3 days for approval. However, lots of people experience delays for various issues. Be patient and authentic and if necessary contact the support if the delay is very unusual.
How much time does it take to receive the card?
If you receive your card by post office without any cost, it takes around 20 days to reach your door. However, if your address is a bit less known, keep in contact with a post office delivery person in your area.
Is there any quick card delivery system?
Yes, it is. You may receive your card via DHL by paying the shipping charge of $40.
How much time does it require to receive funds in the local bank accounts?
You are notified that 2-3 business days require receiving the fund in your local bank. However, it usually deposits the same day if you send a request before 9.00 am in Bangladeshi time. Remember, your transfer is not processed on the weekends of Bangladesh.
Can I withdraw my Payoneer funds in MFS in Bangladesh for instant transfer?
You can withdraw your fund through Mobile Financial services like Bkash, Nagad, Rocket, but this is not instant. It is the same day on weekdays.
Can I operate the account without receiving a card?
Yes, you may not use the card but operate the account for earnings deposit and fund transfer.
Can I use the card in ATMs anywhere?
You are allowed to use your card on ATMs where Mastercard is supported. Be careful about the extra charge you may incur for cash withdrawal from ATMs.
Can I use the card in POS machines anywhere?
Yes, you can. You are free to use it where Mastercards are accepted.
Learn about escrow service in the Bangladeshi context here.
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