Payoneer India Review 2023 – If you are an Indian freelancer you may have heard about Payoneer. This is an online service company to help receive payments from globally.
There are many companies that help accept international payments, but my personal favorite is Payoneer.
If you are new to Payoneer, read on to learn more about Payoneer India Review, fees and charges etc.
Payoneer India Review 2023
If you want to accept foreign payments for freelancing or other work so Payoneer is beneficial for you. Payoneer is one of the best company to help receive Global Payments to Indian residents.
Payoneer deposits the following currencies into your account then Payoneer automatically transfers the money to your Indian rupee local bank account.
- US Dollars
- Euros
- Great British Pound
- Japan Yen
- Canadian Dollars
- Australian Dollars
Otherwise you can create a payment request from your Payoneer account and attach the invoice for the transaction.
How to open a Payoneer Account in India ?
Step 1 – Go to the official website of Payoneer, Or go to the homepage by clicking on the link.
Step 2 – If you have a registered business, select Company. Otherwise choose Individual from the list.
Step 3 – Then fill your details and email address and then click on Next.
Step 4 – After that fill the following information such as address, contact details, and bank account information.
Step 5 – Now you have to verify your email address using the email in your inbox from Payoneer.
Step 6 – Payoneer will contact you if they require any more ID verification information.
Once your Payoneer ID verification is completed, Then you can start using this account immediately.
How much payoneer charge in india?
Sign Up a Payoneer account is free. The fees charged by Payoneer are as follows.
| Service | Charges |
|---|---|
| Payments from another Payoneer customer | Free |
| By USD, EUR or GBP Receiving Account | Free |
| Payments from clients from a payment request – ACH Bank debit (US) | 1% |
| Withdrawing funds From a different currency to a local currency | 2% of the transaction + currency conversion fee |
| Payments from clients from a payment request – credit card | 3% |
| Moving currencies between your own Payoneer balance | .5% of the amount to transfer + currency conversion fee |
| From Fiverr, Upwork, Airbnb, and others | Check with marketplace |
| If your account is open but unused for 12 months | $29.95 USD |
Conclusion
Briefly speaking about Payoneer, this company provides services is very easy, fast and reliable.
If you are working on Fiverr, Upwork as a freelancer, or business owner working globally you should definitely try Payoneer. I hope you will like it too.
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