Payoneer -a popular online money transfer service is back in India again, after closing down their business in India for few years.
Payoneer was to ne great alternative to PayPal few years back, as it used to offer Debit card, which can be used for taking out cash from the ATM. This time they have resumed service in India again, with certain limitations as imposed by RBI. Instead of Debit Card they offer Money Transfer to any Indian Bank at 0% charge within 2 working Days.
Their Dashboard feature is good where You can track your payments.
They only take Conversion Charges from $ and other currency which is half of paypal. It makes it easier for Indian bloggers & freelancers to receive payment with fewer transaction fees than Paypal.
The Payoneer Refer A Friend program is a great way to earn extra cash simply by telling your friends about Payoneer. Today, we’re excited to let you know that the Refer A Friend program has been upgraded! You can now access your Refer A Friend details directly from My Account. In addition, you will have a personalized dashboard with the ability to share, monitor and track your referrals…all in one place!
Read the step-by-step instructions to learn how to earn rewards by sharing Payoneer with your friends:
How to Access My Refer A Friend Details
1. Signup using this link.
2. Log in to your Payoneer account.
3. From the main menu, click Activity and then Refer A Friend.
4. The Refer A Friend page will be displayed. At the top of the page 2 figures will be presented: The number of your friends that have signed up to Payoneer through your referral The amount of money that you have earned through the Refer A Friend program until today .
How to Track Your Referral Links
You can now monitor your referral stats and track sent emails from directly inside My Account. To view statistics regarding your Refer A Friend activity, click See Your Share Stats.
1. Shares– this is the total number of referrals that you have shared via all available methods. Below the circle is a breakdown of the total number, categorized according to referral method.
2. Signed Up– this is the number of friends that have signed up to Payoneer using your referral link. Below the circle is a breakdown of the total number, categorized according to referral method.
3. Earned– this is the amount of money that you have earned, to date, in the Refer A Friend program. The total amount appears together with the number of friends that have also received rewards. Below the circle is a breakdown of the total amount, categorized according to the referral method by which your friend signed up to Payoneer.
We recommend Payoneer for Indian Bloggers, Affiliate Marketers & freelancers to start using Payoneer wherever possible instead of PayPal. You will save a lot in currency conversion & transaction fees. Here are some of the services that you can use for Payoneer:
Infolinks
99 designs
Amazon.com
Truelancer
Clickbank
Depositphotos
CPAlead
eBay
Elance
GetttyImages
GroupOn
Odesk Corporation
People Per Hour
PropellerAds
Prosperent
SEDO
ValueClick
You can see full list of whitelisted merchants here.
The signup process is simple, and you need to provide your bank details to receive payment as the time of sign-up. Approval can take up to 24 hours, and once approved you can get your U.S & U.K Payment service details.
Get Bonus $25 just for using Payoneer:
Here you got one more reason to start using Payoneer. When you signup for Payoneer & use it for $100 transaction, you will get a bonus of $25 just for using it. This is part of their launch promotion, and I find it lucrative enough for anyone.
Indian bloggers can take advantage of their referral program, as they offer $25 referral bonus when your referred user complete their first $100 transaction.Payoneer India limit:
Limit of INR 5,00,000 per single transaction
Daily Payoneer to Bank transfer limit is 5,00,000
Monthly transaction limit INR 2,500,000
Time-saving Tip: Save your U.S or Europe payment service locally using Evernote or any note taking app. This way, you don’t have to login to Payoneer every time to get the details.
It’s good to see Payoneer service back in India, though I’m waiting for the day when Indian government will remove all the restrictions on services like Payoneer, PayPal, which will empower users like you and me to grow our online business in better way. You may want to read how Indian Government & RBI is making freelancing tough for Indians.