Getting approval is fast.

What are the best aspects of this product?

Getting approved is easy. Just present your valid IDs and state your business, your account is up and running in a week or so. You can start selling to the world, literally, as Payoneer is quite known in most countries. I have clients in Europe, South America, Australia, and Asia. It helps me to expand my client base significantly. I also don't have to worry about security. Transactions are heavily encrypted and the provider gives a lot of tips on how to protect your account from hacks.

What aspects are problematic or could work better?

The debit card rate is prohibitive, although I understand this is care of the holding bank. Conversion rate is also below the market, again, I believe this is how the provider earns the bucks of your earnings. Sometimes, I can't help but think Payoneer may be holding my cash a few hours longer than normal just to, I don't know, earn some more moolah from interest? It's a thought that I'm sure crosses other users' mind.

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

It helps you set up an international payment process network without you having to worry about the details. As long as you agree to its rates and terms, you have a reliable infrastructure. It helps you spend more time on your actual business, as your payments are transferred predictably, accurately and transparently.

Are you a current user of this product?

Yes