Payment is smoother.

What are the best aspects of this product?

It makes it easy to get paid wherever my clients are. The terms are transparent, including the conversion rate, which allows me to estimate accurately how much I'm getting. The option to link Payoneer to my debit card is also a convenient way to transfer money, although this will entail you with additional cost from the bank. Overall, the platform allows me to reach international markets even as they have varying degrees of regulations and requirements.

What aspects are problematic or could work better?

There's a lot of verification processes to go through. Honestly, it's tougher than with PayPal. It took me awhile to get approval. I'm quite worried--what if some of my customers are denied of their accounts? That presents a recurring issue, so I have other payment channels open as a contingency. So long as you're able to get over with the ID verification process, everything runs smoothly.

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

It allows me to sell to more countries. It makes payment smooth, they take care of the nitty-gritty details on money transfers. Most banks recognize Payoneer, so 9 out of 10 bank transfer is easy. There are numerous options also to request payment. Generally, it takes care of the tedious payment tasks so you can focus on selling.

Are you a current user of this product?

Yes