Today, I received payment on both PayPal and Payoneer. Here’s my short review.
When it comes to exchange rate, Payoneer is better than PayPal.
Payoneer 1 USD = 68.6343 INR
PayPal 1 USD = 67.4108 INR
Money Transfer Speed: Both are great
- Yesterday morning and afternoon, I received Payment and PayPal and Payoneer respectively, today evening I received at my SBI Bank account.
Sign up process of PayPal and Payoneer
PayPal sign up process is straight forward, requires bank account verification which takes little longer. Both services requires valid PAN card. Generally takes 2-3 days to complete the sign up.
Payoneer accepted my sign up application within 30 minutes and I thanked them via Twitter message. I liked how they are so responsive.
Later after account approval, I provided photograph of PAN as additional verification.
Overall, it was faster sign up experience with Payoneer.
If you sign up at Payoneer and receives a total of $1000, we both earn a $25 reward.
Critical Review, Complaints, Marketing, Compliance aspects
PayPal is globally accepted (except in few countries), but now I am more inclined toward Payoneer as they are partnered with my freelancing platform: Fiverr. Now, using Payoneer is profitable for me. Now, I get paid in local currency with less fees.
PayPal and Payoneer both says, they are able to provide FIRC document which can be helpful in future. Requesting FIRC document was easier, they are sending me at my address. Let’s see!
Payoneer site appears to have a technical glitch. Opening its link from Google India SERPs stuck in the redirect loop with referral information query string. I have reported to them and waiting for fix.
Customer support experience of Payoneer and PayPal
PayPal support is always best, available in local language.
Payoneer support is available only in English reachable via Phone call, e-mail and chat. I find hard in understanding their tone.
Let me know how was your experience with them.
Thanks & Regards,