Receiving Money via Paypal is great, especially when you’ve worked hard and it comes deposited into your Account.
But what if you want to spend the money in Jamaica instead off online Sand without the hassle of a Wire Transfer or a Paypal Account? Then you’ll need a Prepaid Debit Card such as Payoneer (Deer, 2013, December 23), which is powered by Mastercard.
Payoneer Prepaid MasterCard – Receive and withdraw you money via a US Bank Account
A Payoneer Prepaid Mastercard is no different from a Scotia VISA Debit Card or CIBC VISA Debit Card, except it’s hosted in a US Bank Account.
This means you can use it to not only purchase items online like a regular Prepaid Debit Card but you can receive money and withdraw it out here in Jamaica at any ATM that supports Mastercard.
It’s also a great way for companies to pay their freelance programmer for work done without the hassle of Cheques or Wire transfers. This is done by linking it your Paypal account.
When calling Paypal at 1-888-221-1161 to add you Payoneer account, tell them that you’re adding a Bank of America account, not a Payoneer one. This ensures that they payments go through smoothly, albeit you may face some difficulty as since August 2015, Paypal has not been accepting (Honey, 2015, August 27) Payoneer Card transfers.
- Proof that you’re 18 years and older
- Scan of Passport
- Scan of National ID Card/Driving License
- Utility bills (if you have none of the above)
The Passport scan or the National ID Card/Driving License both serves the purpose of verifying your identity as well as proving that you’re older than 18 years. Once you’ve followed the procedure and applied, your Payoneer Prepaid Mastercard is sent to the mailing address after about two (2) months after you’ve submitted all the required information.
Payoneer Card – Charges and where to work
However, please note that that the following charges apply when using your Payoneer card:
- US$29.95 annual fee deducted from the available balance
- US$3.15 per transaction for ATM Withdrawals
- 3% currency conversion charges
- 1% of the payment amount charged for PayPal transfers
The first annual deduction will be take from you first transfer or withdrawal. Also, you will not have to pay US$5.00 to PayPal as bank account transfers are free. Pointofsale transactions i.e. swiping your card, is charge-free, which is why its’ best to purchase items using the card instead of withdrawing cash.
Your Payoneer Prepaid Mastercard is activated via an online login, which also allows you to track your deposits, withdrawals and transfers.
Please note your Payoneer Prepaid Mastercard is for working online as you cannot use it for receiving Remittances. Instead, you’ll have to work with one of the following online work agencies (Payoneer, 2011, November 30) or use one of the following services online (Payoneer, 2013, July 8) to have money deposited into your Account:
- AllWriting.net :: Home
- Amarillas Internet
- Amazon i.e. Associates Program and Kindle Direct Publishing
- Birthright US Winter 2012
- Booking.com: 697,913 hotels worldwide. Book your hotel now!
- Checkpoint Sell Big
- ClickHeat Euro
- Depositphotos Inc
- Digital River i.e. OneNetworkDirect
- Doron Cohen VC
- DSNR Media Group
- Fiverr LBT (India)
- Guru Hire Quality Freelancers and Find Freelance Jobs
- Hire Freelancers & Find Freelance Jobs Online
- HK Global IT
- iCODE SystemsVC
- Level 9 Marketing
- Lux Flights
- Nfty Summer
- Nubelo Euro
- Origin Pure
- Perfect World Marketing
- Post Office
- Prime Internet Marketing
- Restart Your Life
- RS Ran LTD VC
- S&M Products
- Saucomi Vc
- Student Media Group
- Syntek Global
- Timber Lake Camp
- Total Life Changes
- UNIVA CAPITAL
- UTS EUR
- Viridian Energy
Payoneer Options – Paypal Prepaid Card and other Prepaid MasterCard Services
Payoneer is mighty convenient way to receive funds if you work online. However, the banking charges to withdraw money are very high, making mainly consider alternatives (Deer, 2015, March 14) to Payoneer.
- An American Address
- An American SSN (Social Security Number)
- A VPN (Virtual Private Network)
The American Address and SSN can be obtained from relatives or friends abroad and the VPN (Deer, 2014, September 20) you can purchase online, which can be used for working online as well as streaming online video (Deer, 2015, September 1) Service such as Hulu or Netflix.
Your American Address can be obtained from a local Jamaican courier service (Deer, 2014, August 24) or you can use the address of the relative or friend who lives in the US of A.
When they receive the Paypal Prepaid MasterCard, you can have them send it down to you in the mail within three (3) to four (4) working days so that you can use it out here in Jamaica to withdraw funds.
Please note when checking your Account balance online, you have to login via a VPN in order to appear as if you’re in the US of A.
If you’re not so crazy about using a VPN, there are three (3) other great alternatives to a Payoneer Prepaid Mastercard that worked the exact same way and have the same requirements:
Ordering online involves submitting the same information and the card is sent down in your mail in two (2) months time. As with Payoneer, you can use your Card to receive money for doing work online.
In my next article, I’ll show you how to get a Scotia VISA Debit Card or CIBC First Caribbean VISA Debit Card to make purchases online and how to top up you Paypal Account using your bank Account.
- Deer, L. (2013, December 23). @Payoneer, the US based Prepaid MasterCard Debit Card – How E-Commerce MSME’s, Online workers and Reggae or Dancehall Artiste can receive money via Paypal and spend it in Jamaica. Retrieved from http://mythoughtsontechnologyandjamaica.blogspot.com/2013/12/payoneer-us-based-prepaid-mastercard.html
- Deer, L. (2014, August 24). How to purchase items and subscribe to Magazines online and ship them to Jamaica. Retrieved from http://mythoughtsontechnologyandjamaica.blogspot.com/2013/08/how-to-purchase-items-and-subscribe-to.html
- Deer, L. (2014, September 20). Surfing the Internet Anonymously using VPN – How to use Streaming Set Top Boxes over VPN. Retrieved from http://mythoughtsontechnologyandjamaica.blogspot.com/2014/09/surfing-internet-anonymously-using-vpn.html
- Deer, L. (2015, March 14). How Jamaican make money online using @Payoneer – @PayPal, @paxuminc, @ecoPayz and @okpaycom Prepaid MasterCard Alternatives. Retrieved from http://mythoughtsontechnologyandjamaica.blogspot.com/2015/03/Jamaicans-Money-Payoneer-Paypal-Paxum-EcoPay-OkPay.html
- Deer, L. (2015, September 1). Cable Providers comply with BCJ Cable Channel Removal – How to install a VPN to Stream American Cable Channels on your Roku. Retrieved from http://mythoughtsontechnologyandjamaica.blogspot.com/2015/09/Cable-Providers-comply-with-BCJ-Cable-Channel-Removal.html
- Payoneer, (2011, November 30). How to add funds to your Payoneer Account. Retrieved from http://payoneer-mastercard-info.blogspot.com/2013/07/popular-companies-payoneer-us-payment-service-whitelist.html
- Payoneer, (2013, July 8). Popular Companies That Use Payoneer – US Payment Service Whitelist. Retrieved from http://payoneer-mastercard-info.blogspot.com/2013/07/popular-companies-payoneer-us-payment-service-whitelist.html