Payoneer reviews as alternative payment system to paypal

[Ted]

Here is a snippet of the email I received from Draft To Digital aka D2D:

We wanted to remind you, one more time, about Payoneer’s special offer of a $25 bonus for eligible new accounts!

Benefits of Payoneer:
Better rates. Compared to our other payment methods, Payoneer offers the lowest fees and the best conversion rates. In fact, when you sign up for Payoneer through Draft2Digital, your fee will be permanently reduced from the standard $3 fee to only $1!

Greater flexibility. Choose the payment options that work best for your author business, including either a Payoneer account or a Payoneer PrePaid Mastercard®

Faster payment. No waiting! Receive funds immediately, via your chosen payment method.
Now that you’re all set up, here’s how to redeem your $25 bonus!

Step 1 – Go to Edit Payment Method, under your D2D account, and under Payment Method select Payoneer

Step 2 – Sign up or link an existing Payoneer account between December 12th and January 10th

Step 3 – Earn a minimum of $200 in book royalties, from any of D2D’s sales channels, by March 10, 2018.

Step 4 – Get your $25 bonus, applied your to Payoneer account

Anytime I receive an offer to switch or try a different payment processor I get curious. I decided to see if there were any complaints against  Payoneer.

With Zero (0) positive reviews, 1 neutral review and 12 negative reviews the Better Business Bureau gave it an A+. Hmmmm. www.bbb.org/new-york-city/business-reviews/financial-services/payoneer-inc-in-new-york-ny-91001

Business Ratings and Reviews site SiteJabber has 407 reviews; 60 are 5 star and 303 are 1 star.

www.sitejabber.com/reviews/payoneer.com

The Complaint Board - www.complaintboard.com/payoneer-inc-l2125.html - has additional information useful to authors considering Payoneer as a payment processor.

I'm not saying PayPal is any better. PayPal has an enormous amount of complaints. I do feel authors should check out any business or legal entity promoted via email.

Wishing everyone a Happy New Year.

[djmills]

Yes, I agree that no one should deal with Payoneer! Even with lower fees, you don't get your money, and waste too much time following up on their mistakes. :-)

Thanks for the tip. I trust Paypal because they have a helpdesk/support that actually helps. :-) And I have never had a problem with Paypal processing my money from Smashwords, ever!

And a question. :-) How many authors earn $200 in 3 months via D2D? That is a condition of getting the $25.00 bonus? Not worth bothering about.

[djmills]

And a Happy New Year to you. :-)

[Ted]

Yes! And a Happy New Year to you and all our members, a year filled with lots of love and happiness.

[chelsfield]

I was going to say the same thing about the $200, dj. Much as it is difficult to acknowledge, how many indies can achieve that? So, you got to think what is it that they are after. Sheer numbers? Free data?

Best wishes to all!

[Ted]

Dec 28, 2017 1:05:17 GMT -8 chelsfield said:

I was going to say the same thing about the $200, dj. Much as it is difficult to acknowledge, how many indies can achieve that? So, you got to think what is it that they are after. Sheer numbers? Free data?

Best wishes to all!

The $200 minimum royalties in about 70 days is a bit of a red flag. I can see it as a way to ensure clients earn enough to cover costs of providing service, but that leaves a number of authors out in the cold.

Authors do supply a ton of personal information, often including banking info. How that information is used is based upon the trust we have in the company.

Data is big business and authors may want to consider opening a new account at a different bank for their payments.
 
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[Ria Stone]

Dec 27, 2017 16:21:26 GMT -8 Ted said:

Yes! And a Happy New Year to you and all our members, a year filled with lots of love and happiness.

Iqualmente, Feliz Ano Nuevo!!!!

[chelsfield]

And to you, Ria!