How to perform International EFT. Part II

When in need to perform international payments, private businesses always need a good and reliable method. The International EFT is an easy to perform method of international money transfer, and can be used to transfer money instantly to a person in another country, who receives the payment to the balance of a prepaid credit card. International EFT can also be made into a regular checking account.

One company that performs quick and easy International EFT services is Payoneer, based in New York. In order to be able to benefit from Payoneer's International EFT services, a business must become a Payoneer partner. Once a business has become affiliated with Payoneer, a prepaid credit card is issued for every individual that needs to be paid on a regular base, and that individual can draw the money received from every ATM. Handling fees for each card is $ 3 a month, which is much cheaper than the commission paid on international checks. The card holder must be over 18, and must open his own online account for that purpose.

One common myth regarding International EFT services is related to a company called PayPal. While it is true that PayPal is very efficient when it comes to making online payments by private shoppers, it is mostly efficient when making payments within the United States. When it comes to International EFT, PayPal can only transfer money into existing checking accounts in countries where the banking system supports International EFT, which is not applicable to some Third World countries. The prepaid credit card issued by Payoneer does not require any checking account, and can be used even in most Third World countries to draw money without difficulties or delays.

For all these reasons, Payoneer provides over 1,000 customers worldwide who benefit from its International EFT services. You can also become one of Payoneer's happy customers by becoming a Payoneer partner.