A new payment option is now available through Payoneer!

Payoneer, a well-known international payment system, has recently added another payment option to its services. Today, the members of this payment system can also use the Local Bank Transfer option. Before, only a prepaid MasterCard services were available for making international payments. Now, making worldwide bank transfer is much easier than it used to be, as the users of Payoneer systems can get their funds directly to their account in any local bank. The new payment option allows getting by a user in the local currency, as per one’s wish, and the fee of the services is rather competitive.

A range of the countries, which are allowed to use the new worldwide bank transfer, includes the countries, like Canada (CAD), Czech Republic (EUR), Hungary (HUF and EUR), Romania (RON and EUR). The countries, like Spain (EUR), Malaysia (MYR) are about to join the new worldwide bank transfer option in a short period of the time. As to India, it is opened now to worldwide bank transfer in USD. Payoneer is looking forward to adding more countries to the new system.

In order to become a member of Payoneer payment system, a user is required to go through a sign-up procedure, what can be done from Payoneer Sign Up page. Since an individual can create an account in Payoneer payment system only through Payoneer’s partners so far, users will need to get to Payoneer Sign Up page from the relevant page of the system’s partners.

On the Sing Up page you will need to find the Worldwide Bank Transfer Service. It is just under prepaid card sing up. In order to be redirected to the Local Bank transfers service sign up, you will need to choose your country from the list. You can choose either Local Bank Transfers or Prepaid MasterCard services.

The Local Bank Transfer payment option has been added because it brings a range of advantages for the users, among which are faster procedures, loading money on an account directly, converting the amount to a local currency,  cheaper rates, hassle-free procedure, absence of maintenance fees.

Generally, newly added by Payoneer option allows to process the payment transfers faster, than if you send the money via wire transfers or pay by checks. You will need to setup your account details just once. The Local Bank Transfer is cheaper, than wires.

The costs per the Local Bank transfer range from $5.95 to $9.95, depending on the country-recipient.  There is a limitation on the sending amount. Thus, the transfer will be executed only on condition that the amount is more the $50. A user still can make transfers, accumulating the amount to send, but the transfer will be processed, once the total amount reaches $50.