Payoneer: The Best Payment Option – John Monyjok Maluth

Online Business Made Simple with Payoneer

This article will explore Payoneer, its functionality, and the process of registering for their exceptional MasterCard cards. We will also discuss the significance of these cards, their connection to personality types, and perspectives on this business model. For authors in Africa who publish on Amazon, Payoneer represents the sole payment option. Additionally, there is an opportunity to earn up to $25.00 for each referral made. Let’s begin.

What Is Payoneer?

Payoneer is currently the sole payment option for African authors on Amazon due to the lack of alternative payment methods. Amazon does not support PayPal or direct payments to African banks. However, Payoneer allows the creation of virtual US bank accounts, which can then be used for Amazon transactions.

“Payoneer is an innovative cross-border payment platform that connects businesses and professionals across countries and currencies. Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments.”
What is Payoneer?

“Payoneer is a payment platform that allows merchants to send and receive payments without requiring a merchant account. Payoneer does not let merchants directly bill customers. Instead, businesses request payment through the platform and wait for customers to remit funds.” ~ nerdwallet.com.

Amazon utilizes your bank account details to disburse your author royalties monthly. Since I began using this service in November 2012, I have encountered no issues, aside from some initial residential address concerns which were promptly resolved. Consequently, I continue to recommend this service to all African authors on Amazon.

Initially, you must sign up for a free account and then request a free MasterCard, which will be mailed to you at no cost. The only charge is an annual maintenance fee, which is minimal compared to other banking fees. Additionally, there are various card options available for selection.

Personally, I am very satisfied with the MasterCard. It functions flawlessly and fulfills my needs. I primarily use it to collect author royalties from the Amazon US store. Proceeds from sales on other Amazon platforms are credited to my USD account. This also means I maintain accounts in various currencies, corresponding to the regions where my books are sold on Amazon. The card is also usable for online transactions, but more details on this will be provided later in the article.

How Does Payoneer Work?

Payoneer operates like a bank, serving as a virtual banking solution for those of us in Africa. The account is genuine and functional, complete with all the necessary online banking features, including a credit card. You will need the account number and other details to receive payments. The card is also operational independently of the bank account, allowing you to make online purchases, including online courses, digital services, and products like antivirus software, among others.

The setup process is straightforward. You simply apply or register for a free account on their website, and they should approve your account shortly (hopefully), followed by shipping your card at no cost. Nowadays, they also require a bank account in addition to your legal information to open an account.

This facilitates the transfer of funds from your virtual Payoneer account to your local bank within approximately three business days, provided you have linked your banks. Consequently, you can withdraw cash from your bank when necessary. Additionally, you can use your card to withdraw money from any ATM that accepts it. In Kenya, Ecobank Kenya is the only bank that accepts their MasterCard. Ecobank South Sudan may offer the same service, so it’s worth trying.

How Do I Register With Payoneer?

Registering for an account is simpler than you might expect, and this article section will guide you through the process in easy steps. As previously stated, the procedure is consistently straightforward.

Firstly, prepare your personal information. This includes your full name as it appears on your legal documents, such as your national ID, driver’s license, passport, etc. Your account name must match your actual name, not a fictitious one created just to sign up.

This also enables you to link your local bank account with your Payoneer account, provided the legal names match. Whether you’re applying for a business or personal account, use the exact name of the business or your own name, respectively.

Secondly, enter your personal data. Visit the Payoneer website by clicking here and input your details online. If you have your information ready, this should take less than a minute. The fields provided help prevent errors. Once completed, proceed to the next step.

Thirdly, confirm your account. You’ll receive a link in your email; simply check and click it to verify your humanity. After this, the account confirmation process starts. A person will review your application, which typically takes about three business days, and you’ll be updated mostly via email about the progress.

Fourth: Await Your Card. Once your account is approved, the subsequent step is to request a card and then await its arrival. You can request the card through the website in your account section, where you’ll also find your card and bank account details. The card will be mailed to the address you have on file, which underscores the importance of providing accurate details, including your address.

Fifth: Activate Your Card. Upon receiving your card from Payoneer, activation is required for it to function. Visit their website and select the link designated for card activation. They anticipate the card’s arrival at your location, so they’re aware of the need for its activation. By following the on-screen prompts, your card will be activated shortly.

Subsequently, the card can be utilized as previously described. This enables you to use it for payments or purchases online, as well as in stores and restaurants that accept it. It can also serve as a payment method, allowing others to pay you through it. Personally, I use it to receive my author royalties from Amazon.

Disclaimer: If you receive your first $100 payment through the card, we will both earn a commission of $25 each. However, my primary reason for sharing this opportunity is its proven effectiveness for me and numerous other Amazon authors from Africa.

The Importance of Payoneer

For me, there’s no doubt about it. Payoneer stands out as the optimal choice in Africa, at least until I relocate to the Western world, where I anticipate a broader range of options. Currently, Payoneer fulfills my needs perfectly, providing essential account and routing numbers, along with functional cards.

For authors who publish on Amazon or are considering it, Payoneer emerges as the top choice, regardless of whether you reside in Africa or elsewhere. But what if you’re not an Amazon author? The necessity of a Payoneer MasterCard hinges on your specific intentions for its use.

As previously stated, the card’s utility extends beyond Amazon; it’s accepted on numerous websites for both online and offline shopping, as well as for receiving payments. Your personal requirements dictate its usefulness. Conducting research may reveal additional ways the Payoneer MasterCard can serve your business needs, given its wide acceptance as a payment method. Its efficacy is undeniable.

Payoneer and Personality Types

How does this relate to your personality type? Remember, personality defines a person, setting them apart as unique among family members. Consequently, a personality type influences the likelihood of using certain tools.

What is your personality type? Perhaps it’s time to explore and incrementally enhance both your personal and professional life. I cannot universally recommend the tools I prefer because they may not resonate with everyone.

Not every individual in the developed world will appreciate all available tools, as this preference is shaped by personality, not just choice, and there’s no judgment in that. I’m not suggesting there’s an issue if you dislike something.

I advise conducting a self-assessment test, which is straightforward. No complex tools are required; you understand the essence of who you are. You don’t become; you exist. Yet, you can certainly uncover and progressively refine your personality over time.

Summary

In summary, we’ve covered a lot about Payoneer, including its functions, how to sign up for their card, the uses of the card, how it relates to your personality type in business, and the importance of utilizing these tools.

Were you aware of Payoneer before reading the article? Did it teach you something new? What did you already know, and what have you learned since reading? Would you recommend this article to others? Your feedback in the comments would be greatly appreciated, and other readers would benefit from your insights as well. Thank you very much for your time!

Hastags: #digitalmarketing #lifecoaching #selfpublishing #technology