Anybody using Payoneer? I might start using it, I'd like to know how it works.

  • 2
    Payoneer acts as a holding bank for your funds, similar to paypal. This is valuable if you need to receive funds from many different countries and don't have a bank account in each of them as you can delay the conversion to a time that's advantageous for you. Note that you will get better conversion rates than theirs by having n bank accounts (one per country you do business in), but that is difficult to manage.

    If your customers are in the same country, there's not much advantage.

    Either way, I would compare stripe's offerings and do a side by side as they're currently overcapitalized and offering cut rate service to attract growth.
  • 0
    @SortOfTested thanks, that's helpful. The issue is that my country is currently very interested in stealing people's dollars, so I guess I'll have to open an account in another country.
    Anyway, I'll see what I can do. Thanks!
  • 1
    I only know pioneer.
Add Comment