With very limited online payment processing facilitates in third world countries specially in Pakistan and Bangladesh we have to find some other sources through which we can accept payments from other countries of the world. Paypal in Pakistan looks impossible and that’s why we have to use Payza which is a nice online payment processor. Majority of people in Pakistan and Bangladesh use Payza for payment options and they don’t even know about Payoneer. In recent times Payza has taken some strong steps and now they are only allowing payment withdraw from their own Payza Prepaid Visa Debit Card. So today we look at how to get Payoneer Prepaid MasterCard, its Fees and some tips on how to use it.
What is Payoneer
It’s a registered online payment merchant company which provide its own Prepaid MasterCard when you apply for an account via some partner websites. After getting Payoneer in Pakistan they only act as a middle man between you and your customers/buyers. For payment processing they have start partnership with Choice Bank Limited USA and its the Choice Bank Limited which will issue you MasterCard.
What is Payoneer Prepaid MasterCard
When you open an account via partner websites of Payoneer they will give you a Prepaid MasterCard so that you can send or receive payments. The card works just like any other Visa/MasterCard you have in Pakistan. You can use it any where in the world on Mnet ATM machines only.
How to Get Payoneer Prepaid MasterCard
Now the most important question how we can get this card. There are lots of partner websites where you can open your account free, earn some money and than you can order this card in order to withdraw money. But here is the secret way through which you can get Payoneer Prepaid MasterCard instantly without having to particle in any third party websites like Freelancer dot com.
Visit the Payoneer Affiliates website where you can signup totally free of cost.
Just fill the signup form with your real details and 100% correct home address because your card will be shipped at your home with 20 to 40 days.
Your application will be checked by the support staff and if they approve your application than you will receive an email within 2 to 4 days.
After you receive your card you just have to activate it by login into your online account, enter the 16 digit Master card number and get the Pin code so that you can use it on any ATM machine.
Payoneer Prepaid MasterCard Fees
Payoneer will charge initial one time card fee of 15-35 dollars depending upon your country. You don’t have to pay this amount from your pocket because they will detect money from your account when your request your first withdrawal.
- Monthly Account Maintenance Fee: $2
- ATM Withdrawal Fee: $1
- ATM Balance Enquiry Fee: $2 or 2.5% (which one is greater)
- Card Load Fee(from partner website): Free and $5(fast transfer)
- Card Load Fee(from outsider): 3.75%
How to Accept Credit Card payments via Payoneer Prepaid MasterCard
After you have card in your hands its easy to receive payments from any Credit Card Holder. Just ask your customer to go to the official Payoneer.com website and click on Load Money to Card link. After that it will display a mini form. Tell him your email address attached to your card. When he will enter your email address your card will automatically loads up. All he have to do is to enter the amount and check whether he or you will pay the transaction fee. After clicking of Continue button he will give the option to pay via any Visa or Free Mastercard. When he will enter his card info money will be transferred into your Payoneer Prepaid MasterCard within 2 business days.
Some Tips for Using Payoneer Prepaid MasterCard
Never check your account balance from ATM machine as you have to pay $1 of for it. You can check your balance online too.
Never withdraw all amount from your card because Payoneer will have to detect service charges from your account and if your card has no money then they will block your card.
ATM in Pakistan which accepts Payoneer Prepaid MasterCard
I personally use this card on Muslim Commercial Bank ATM but you can also use it on HSBC bank ATM also. All other banks ATM are not accepting this card.