Forex is simple and transparent.

What are the best aspects of this product?

What I like about Payoneer is it makes forex conversion easy. There's no need for a third-party exchange house, so the process is fast and transparent. Security is also top-notch. I don't have to worry about wrong transfers, inaccurate conversions, etc. The provider seems to be on top of such issues. They're also responsive to problems. During the time I couldn't figure out which payment request option to use, I asked for help through email and got a response within 24 hours. With this level of support, I'm more confident with my payment process anywhere in the world.

What aspects are problematic or could work better?

It does take a while to figure out the numerous payment paths in Payoneer. They have a lot of tutorials and you can ask them questions and get a reply, but this takes some time. Be prepared to crunch some numbers and read a lot to understand how this payment processor works.

What specific problems in your company were solved by this product?

If you have clients in the E.U., North America and Asia, this provider is ideal. It got these territories covered so bank transfers are smooth. If you also need a U.S. bank account, Payoneer can stand for that, allowing you to collect in USD as a single currency for your business.

Are you a current user of this product?

Yes