What is the difference between a Payoneer cardless account and a carded account?Comparison of no card and card

Since Payoneer launched cardless accounts in March 2015, many engaged inE-commerceFriends, still hesitating whether to register an account with a card or without a card?

This article briefly explains the difference between a Payoneer card account and a cardless account.

Things to noteExcept for certain channels (such as Amazon backstage), Payoneer newly registered after March 2016, 3 is a cardless account (personal/business) with no annual fee.

Features of Payoneer Cardless Account

Payoneer Cardless Account supports both corporate and personal registration.

1. Complete Payoneer account review within three minutes (if not approved for more than 4 days, please contact customer service);
2. Since the account automatically issues a USD + EUR + GBP + Yen (USD + EUR + GBP + JPY) collection account, it can be used to receive funds from European and American companies immediately.
3. Additional Canadian and Australian dollar accounts can be opened;
4. When registering, you can add your local bank information.
5. After depositing funds, you can withdraw funds to your domestic Chinese bank card without waiting for your P card to be mailed and activated.
6. Only a 1.2% fee will be withdrawn online, no card related fees (no annual fee).

If you think the Payoneer card annual fee is too expensive, then a Payoneer cardless account without a physical card would be a good choice.

• Payoneer's cardless account allows those friends who have been concerned about handling fees to have a good choice.

Payoneer cardless version saves $29.95 in annual fee, but does not have a physical card (P card):

• It cannot withdraw money from ATM machines;
• It is also impossible to shop on domestic and foreign websites, and to shop overseas;
• Nor can you spend money on supermarket POS machines.

• When you receive $1,000, you get a $25 bonus.

Payoneer Cardless and Carded Account Services Comparison

The table below briefly summarizes the differences between the 2 account types, you can choose according to your needs▼

• When your transaction takes place outside the location of the card issuer (Germany), such as a Chinese ATM withdrawal or a POS (point of sale) card payment, Mastercard and the issuing bank will charge an additional fee.
• When funds cross national borders, from your card issuing bank to your ATM or store location, this fee is called a "cross border fee" (about 1-1.8%, usually 1%).
• Likewise, if the transaction currency is not the currency of your Payoneer card (USD), Mastercard and the card issuer will charge a conversion fee (about 3% exchange rate loss) in order to process the conversion from the card's currency to a foreign currency (for example, from USD to CNY) ).

Payoneer cardless account and card account, how to choose?

Payoneer cardless account:Applicable to holders of foreign currency cards;

• It is an online bank account (similar toAlipayor PayPal), which can only be used for receiving and withdrawing money.
• Funds in Payoneer cardless accounts can only be withdrawn to domestic banks through online banking (if the balance is less than 40 USD/EUR/GBP, it cannot be withdrawn).
• If you are only collecting money, the individualSmall tradeYou can use Payoneer's personal cardless account, but someE-commercePlatforms such as LAZADA only support Payoneer's business accounts.

Payoneer has a card account:It is suitable for those who do not have a foreign currency card and need to spend overseas;

• There is an immediate need to withdraw money from an ATM, you want to buy online or POS.
• If you are not eligible to apply for a credit card such as VISA or MasterCard, and don't mind the annual fee of $29.95, you can order a physical card in the corresponding currency in the background after PAYONEER collects more than $40/EUR/GBP.
• Please note that PayPal withdrawals and funds transferred between Payoneer accounts do not count.

Each person can only have one Payoneer account (one ID corresponds to one Payoneer account).

If you already have a P card, you cannot directly switch or apply for a cardless account.

Cardless accounts can additionally order physical cards in the corresponding currency (USD, EUR and GBP).

If you do not want to pay the annual fee for the physical card, please contact customer service to cancel the P card, and then change the email address to re-register the account without card.

Tips

If you have a Payoneer personal account (with or without a card), and if you hold a business license of a mainland company/a Hong Kong company registration certificate, you can apply for a Payoneer business account.

Personal and business accounts can be owned at the same time, with no conflict and no association.

If you only use it to receive money, a cardless account is recommended.

Now the default registration is a no-card account with no annual fee.

For more information, please refer to "How does an individual register for Payoneer? Payoneer account registration process" ▼

How do individuals sign up for Payoneer?Pai Anying account registration process & teaching guide

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• Friends who are not registered with Payoneer can apply for free.
• Apply now to Payoneer and get a $25 bonus and 1.2% off all-inclusive:
• Not only is it free to log in, but when you accumulate $1000, you'll get a one-time $25 bonus.