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FIRST WATCH THIS VIDEO
by DAVID OSAJIE on MARCH 22, 2010
The benefits of owning a Payoneer Debit MasterCard as a Nigerian in Nigeria is overwhelming. It can be used to verify your paypal account, make purchases online, and the best of all receive payments from the various affiliate networks you work with, all in one card.
You can withdraw the funds on your card by using an ATM machine that supports Mastercard. (I use Zenith And Guaranty Trust Banks, they work very well.)
Almost all of the names above will charge you one fee or another to issue you the card. But if you are as broke as I think (just kidding), and still want to get the card free of charge by all means, then there’s still one other provider who’s has been kind enough to issue the MasterCard free of charge to all its affiliates, and it’s called FriendFinder, a popular adult dating site.
Go over to friendfinder.com, click on the “Affiliates” link on the menu, this will take you to their affiliate section where you can sign up to become one of their affiliates.
As soon as your account is setup and verified which shouldn’t take you more than 2mins to complete, log on to your account, click on “Account Information”, then click on “sign up and be paid by MasterCard”. This will take you to a page where you can sign up for the Mastercard.
You’ll need either your National ID Card or International Passport or yourDrivers’ license to complete the form. Any of the three listed identifications will suffice.
Click “finish” when you’re done.
Your Payoneer debit Mastercard should get to your address within 3weeks or less depending on your location.
Put simply, Payoneer makes global payments easier – both for the paying party and the recipient. Since its establishment in 2005, Payoneer's solutions have made secure payments to hundreds of thousands of recipients throughout the world. Payoneer's prepaid MasterCard® card enables web enterprises, as well as other companies, to pay their partners and suppliers. Payoneer caters to a large variety of industries and provides services to all size companies.
Payoneer's solution is straightforward, safe and secure. The company provides prepaid MasterCard® cards on behalf of its customers who can then credit these prepaid cards whenever payments are required. Payoneer's systems offer a paymentsolution that is comprehensive, covering all necessary stages.
What is the benefit for the partner, or affiliate, in using this system? Perhaps a good starting point would be to define affiliate marketing and thus clarify exactly who an affiliate is. Entrepreneur® defines affiliate marketing as "A way for a company to sell its products by signing up individuals or companies ("affiliates") who market the company's products for a commission". There are two sides to the affiliate marketing coin: either offering an affiliate program to other parties or signing up to be a company's affiliate. For purposes of this article both sides will be considered; i.e. what are the benefits to those signing up as affiliates with Payoneer, as well as to those receiving payment via the Payoneer card. If the purpose of an affiliate is to drive business to the principal's site, it follows that the affiliate will be rewarded for success.
When talking about web-based affiliate programs, the affiliates may be, and are, anywhere in the world. Making these international payments raises a variety of issues that have to be addressed – referring affiliates have to be paid, funds moved, accurate accounting provided. Therefore the affiliate needs to provide some kind of depository account. Whereas this is fairly simple in the US, it becomes more complicated when making international payment as many countries do not have the required infrastructure. This makes the process of international payments to affiliates awkward and inefficient, verging on almost impossible in many third-world countries.
There are other problems beyond those of infrastructure such as the fact that in certain countries (for example China and India) many people do not have bank accounts; wire transfers can take time and the transfer process may be expensive; many countries require appropriate documentation to accompany transfers; regulations controlling international banking create problems for both paying and receiving parties; there may be tax issues to be considered in certain countries.
Payoneer offers a distribution solution that avoids many of the above issues and pitfalls and allows its affiliate programs to compensate their referring affiliates affordably, quickly and efficiently. Payoneer affiliates can be found among content providers and web merchants, as well as online advertising and affiliate networks. Payoneer's solution uses prepaid MasterCard® cards on behalf of its customers, who can then load the cards when the due date for payment of affiliate commissions comes around. Once loaded, the affiliates can use the cards for transactions with all businesses worldwide that accept debit MasterCard® cards, as well as to make withdrawals from ATMs in more than 200 countries.
Payoneer offers advantages to companies that pay affiliates, whether making local or international payments. The systems provided are comprehensive, offering a start-to-finishsolution including registration, issue of cards, funding and reporting. Cards can be branded with the paying company's logo alongside that of Payoneer. Payoneer meets the highest standards of privacy and security, as well as complies strictly with applicable regulations for online payments, protecting both paying parties and recipients. As the Payoneer approach is fully integrated, the paying party has full control of the payment process – from loading cards to stopping payment, should this be required for any reason. The use of the highly refined MasterCard® system makes Payoneer's distribution solutions more cost-effective and quicker than many other methods of transferring funds.
The Payoneer solution also offers advantages for the recipient, providing it with a convenient and liquid instrument of payment. The recipient does not need to have a bank account;is required; access to funds is immediate after loading; cash withdrawal is possible from ATMS around the world. The prepaid cards can be used for the acquisition of goods and services.
In short, Payoneer is ideal for both companies and referral affiliates. The solution is fast and efficient, avoiding the costs, delays and complexity of the traditional system, and eliminating the need for intermediates.
Payoneer was established by veteran businessman Yuval Tal, who has more than twenty years of experience in security technologies, currency exchange, prepaid card applications and web-based related technology. Prior to Payoneer, he was a co-founder of EX4, a service provider for expediting international payments, that later become FiftyOne. Payoneer has its headquarters in New York and R&D facilities in Israel.
Payoneer Card, What is it good for?
Leader in Internet Transactions
Payoneer Card, What is it good for?
Leader in Internet Transactions
Location: New York, USA
Payoneer - Background
Payoneer was founded in 2005 and today is recognized as a leader in Internet transactions for businesses around the globe. The company enables millions of daily online payments between companies and their suppliers, contractors and even company staff located worldwide. Payoneer works directly with prepaid MasterCard® cards that give their customers a quick, safe and efficient means of online payment, without incurring the costs associated with traditional checks or bank transfers. The prepaid MasterCard® card enables customers to transfer payment anywhere in the world via the Internet or utilize the card at standard cash registers and at ATM machines.
Payoneer’s issuing bankis Choice Bank and First Covenant Bank and works closely with i2c inc.com. A private company, Payoneer 100 employees are located in the company’s main offices in the U.S. and at Payoneer’s development division in Israel. The company is supported by funds from Carmel Ventures, Greylock Partners, and Crossbar Capital.
Payoneer Attends Internet Event
In May of this year, Payoneer attended a global Internet seminar that welcomed industry leaders and decision makers from around the world. This high-profile gathering, entitled “Revenue Seminar, Connect with Internet Marketing Leaders” was hosted in Israel, May 16-17 and was attended by more than 1,000 market professionals. The two-day meeting enabled Payoneer to network with other leaders in the online arena, discuss trends in the industry and learn about the Internet industry’s plans to expand its offerings on a global scale.
Payoneer Paves the Way
Yuval Tal, Payoneer’s president, established the company as a result of his years of experience and expertise in online payment transactions, services and solutions. Yuval was responsible for founding the first successful Internet payment company. Yuval and partners established E4X, renamed FiftyOne, a first amongst web-based payment providers, valued at a half billion dollars.
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