Payeer – a convenient e-wallet for traders
When there are too many electronic payment system around it's rather difficult to find the best one which has all the needed functions and offers suitable conditions. Payeer – a system launched in 2012 – is considered to be such one.
Payeer is a versatile service supporting more than 150 payment methods and systems including lots of local ones. This number has been constantly growing so that website owners can accept more payment methods on their websites and online stores.
Advantages of Payeer
As we've just said above Payeer is a versatile service. It means that you could use it for different purposes from accepting payments in your online store to making instant money transfers. Payeer is a great solution for both a beginner and an advanced user.
The first and probably the most essential advantage is the opportunity to send money to a person who does not have a Payeer account. It's enough to provide his or her email or phone number where the instructions for transfer receiving will be sent. Such an option makes Payeer an attractive service for users who actively transfer money and who don't want to spend time on registration and other time consuming things.
Payeer is a service where no one controls where and whom you send money to. They don't really care in what online stores your make purchases using Payeer wallet. Therefore there is a very low risk of sudden account blocking. People who take part in various partner and referral program as well as online traders highly appreciate Payeer for that.
If you own a website selling goods or service you can easily add a Payeer module to your webpage and accept payments automatically. Payeer offers simple API integration that doesn't really require any profound knowledge. It's enough to follow the instructions.
Payeer offers instant payments and instant exchange – lots of electronic payment systems are available. You may quickly transfer money from one electronic wallet to another with very low commission and without any delay.
Users can also order a Payeer plastic card – MasterCard. It costs only $9 and you won't have to pay any more. The card is valid for three years. It can be used for withdrawing money in any ATMs around the world as well as for paying in online and real stores. That's a great solution for those who earn online and receive money from foreign customers.
By the way, you don't really have to verify your personality in order to use Payeer MasterCard. There is no limit for online purchases and quite a "generous" limit for ATM withdrawing – up to $400 per day. However if you send scans of your ID the ATM limit will be removed.
Active participants of referral programs have good chances to earn with Payeer. We highly recommend you to check their partner program terms and conditions available on Payeer website. They have a six-stage program allowing users to increase their earnings by bringing new people to Payeer.
Finally, Payeer is a very secure service. Hackers have tried to steal Payeer users' payment data lots of times but they have never succeeded. It seems that Payeer invests a lot in security and never saves on the best specialists and the most up-to-date technologies.
How to start using Payeer
After having read the first part of our review you certainly expect that registration in Payeer is fast and easy. You are right! Payeer doesn't make you fill long forms and provide too many personal details. Moreover, you don't even have to verify the registration by clicking a confirmation link sent to your email!
All you need to do is to click "Create a wallet", enter your email address and captcha. That's it. You spend ten seconds of your life or so to create an account in one of the biggest payment services in the world.
After completing the registration you will be redirected to the page with your login credentials including username, password and the secret word you'd better save on your PC or write down on a paper. Enter your dashboard using these credentials – the Payeer wallet has been created!
The wallet can be replenished with multiple ways – with Visa or MasterCard, via local payment systems, with cryptocurrencies like Bitcoin etc. In order to withdraw funds you need to click the "Transfer" button and select the payment method. The transfer itself is always instant although when withdrawing money to your bank account may take up to 3 business days depending on your bank. Some banks process such transactions immediately while the others may do need time for that.
What do users think?
If a company or service act unfair it's impossible to conceal it – real users always leave negative reviews and commentaries which often make us stay away from such service providers.
Payeer has decent reputation among online traders, e-commerce companies and just ordinary users, however from time to time we can see that negative experience also occurs.
Generally people complain about high fees – 0.95% for funds transactions and even higher fees for account replenishment or for money withdrawing. Well, you can always read the proper information about that on Payeer website or contact their customer support service who would clarify everything. But still we agree that 3.9% for funds withdrawing is a bit too high. Frankly speaking, it's far above the average fee on market.
Users also note that they face irregular issues with logging in which are quickly resolved after contacting customer support service. Payeer brings it apologies and says that it's caused by different processes intended to improve the system security.
Payeer is a good service with its pros and cons which can suit many of us depending on what we are looking for and the best thing is that we can be absolutely sure – it's not a scam. It's a trustworthy system which may be used for both personal needs and business. If you have an online store or a website you would like to earn on we suggest you considering Payeer as a reliable and secure way for automatic payments processing.
