Payoneer is an American cross-border online payment gateway supporting more than 200 countries around the world. It has become Paypal alternatives to receive and send money online in the country where Paypal is not supported or offers limited services. In this post, I would like to share my own experience with Payoneer UAE.
Although Paypay has fully supported in UAE, many people look for an alternative way to make a payment, because, Paypal requires you to verify the account.
To verify the PayPal account you need to link your debit or credit card in this country. Your salary account debit can not link to PayPal, because, UAE bank, does not allow you to make international online transactions.
If you have a credit card there is no problem verifying PayPal account as well as make the cross-border transaction directly through your credit card.
The individuals who want to make an online transaction but don’t have a credit card need to obtain the virtual debit card from the UAE banks or money exchange companies for verifying Paypal.
How does Payoneer work?
Users who have registered with Payoneer will obtain a US bank account. This account can use to receive local bank transfer from the organization or individual around the world including the US, UK, EU Japan, Canda Australia, and Mexico, etc.
You can request payment through any organization, or marketplace into your Payoneer provided account number.
The Payoneer issues a virtual debit card connected to your account, and you can withdraw money around the world.
What is the benefit of using the Payoneer card?
- Local bank transfer facility.
- Receipt payment
- send money to other Payoneer users
- Send money to people’s bank account around the world.
- Buy any software and Items from the online shop or marketplace
- Pay hosting and domain registration bills as well as renewal charges.
Is Payoneer UAE legal?
Yes, using the Payoneer in UAE is legal, because, you are using the USA bank account and its virtual card. If you withdraw money from any of the UAE bank ATM through Payoneer debit card. It will go through the settlement process similar to other US bank-issued credit and debit cards such as VISA, Master Card, American Express, and Discover, etc.
How to start with Payoneer Dubai?
Just visit the Payoneer official website and register as a user. You need to verify your identity and billing address by uploading a scan copy of Emirates ID or Passport, along with the utility bills.
When I registered, I had uploaded the first and last page of my passport, it could be different according to your country. You need to scan the page where your detail and the page where your address has mentioned.
You should verify your card delivery address by uploading the scan copy of utility bills or bank account statement.
Once you verify the account can use it to receive payment even if you do not obtain the Payoneer card.
How to request a Payoneer card from UAE?
- Go to the card option
- Fill or check your card delivery address
- and order the card.
Now, the Payoneer has changed it’s terms and conditions, you need to maintain $usd 40 in your account before you order the card. Don’t worry about it, because, everything has a solution.
You can ask your friend who has already a Payoneer card to send $40 in your account or people who have a bank account in the US, UK, EU Japan, Canda, Australia, and Mexico also can make local bank transfer $40 into your Payoneer bank account.
If you don’t want to ask anyone, also no problem, first request payment into your account from any online market place or website they have to pay you. When the minimum balance has been maintained request for the card.
Can I upload money from the UAE bank account to the Payoneer card?
This option is not available in the UAE. You can not top-up your Payoneer card linking your UAE bank account. Withdraw money from a bank account to Paypay also not available in this country even though you can make payment and verify Paypal account through UAE bank-issued debit or credit card.
How to withdraw money from Payoneer to UAE bank account?
The bank wired transfer services are available to withdraw money from the Payoneer account to your UAE bank account. The process will complete within 24 hrs.
How to withdraw Payoneer money in UAE?
You can withdraw money via Payoneer’s debit card in the UAE bank ATMs as well as bank withdraw through wired transfer.
What are the fees of the Payoneer UAE?
- From Another Payoneer Customer = “free”
Via Receiving Accounts = 0-1%
- Directly From Your Customers = 3% for a credit card. For the ACH services, 1% could be charged.
- Via Marketplaces & Networks = Free, set up by the marketplace and network may vary.
Conclusion: The resident of the UAE can use Payoneer UAE services for sending and receiving money online. It is the best PayPal alternative in Dubai very simple to obtain an account and withdraw money from any UAE bank ATMs.