PayPal vs Payoneer vs Neteller vs Skrill | Which One is The Best For You?

WHICH IS THE BEST OPTION?

We started with Payoneer

 
One of the main problems that we had Internet entrepreneurs in Latin America was that we could not dispose of the money we charge for our products or services through payment processors like Paypal or ClickBank.
These companies only make direct deposit transfers to their users if they have a US bank account
Fortunately, the prepaid card issuer, Payoneer, now gives its users the opportunity to get a US bank account.
This is truly a blessing!
The opening and request of the card is very simple, you only register, you send your identification to verify your identity, then you can apply for the prepaid card MasterCard
This Payoneer account that is generated when verifying your account is extremely useful if you want to withdraw funds from PayPal to an account in the USA.
Now, let’s look at the limitations
The main limitation is the following It is not possible to directly load your Payoneer account initially from a bank account or from a credit card , it only allows to receive income from the  official Payoneer partners or through the US Payment Service, in fact they quote on its page the following :  Once your account has received payments through the US Payment Service, or one of our partners, you may have the additional option of receiving “private charges.” A private charge is basically a charge that is not related to your account with your partner. Anyone can charge your account (including individuals who are not members of Payoneer) using a Visa or MasterCard (and US residents may upload funds from US bank accounts).
Commissions:
Transfers: 1% of the amount to receive
Withdrawal at ATMs: 3 $

Maintenance of the card: $ 29.95 per year

Paypal vs Skrill

Systems like PayPal or Skrill (old Moneybookers) give us the possibility to manage our money electronically for the purchase or sale on the internet.

These transactions become a safe way to move our precious money into cyberspace, but over time PayPal and Skrill have opened their hands to the physical world with the help of credit cards.

In the case of PayPal thanks to VISA and in the one of Skrill of the hand of Mastercard.

But … what benefits do these cards have? What are the commissions for having them in our card holder?

Advantages

PayPal presents you with a credit card with a series of bonuses that will reward you to spend your accumulated money both online and with the PayPal physical card.

2, 00% bonus purchase with PayPal over the internet.
(2 points for each euro spent) 1.00% bonus by buying with the PayPal Card over the internet. (1 point for every euro spent)
1.00% bonus by buying with the PayPal Card in a physical store. (1 point per euro spent)

These bonuses will accumulate in the form of points that will have a positive impact on the amount of money you have accumulated. For every 1000 points, you will be added € 10.

In PayPal, the service of alert to the mobile by means of SMS will be in charge of PayPal. It is, therefore, a completely free service.

In the case of Skrill (MoneyBookers) the benefits are somewhat simpler but at the same time very realistic for the world in which we live.

The Skrill MasterCard is linked to the amount of money accumulated in the system, so this card works as a Debit card.

That is why this card has no commitments or monthly fees. Because it works as a debit card, it lacks overdraft fees or late payment. You only spend what you have.

Unfortunately, there is no SMS alert service, neither free nor paid.

Disadvantages

In this life, everything has its good side and its bad side. I have already spoken of its good side, now it is necessary to speak of that small letter that has done so much damage to us lately.

If you plan to apply for a Paypal card you will have to pay a monthly fee of € 18, although the first year is free and subsequent payments can also be made if you make a minimum of 5 transactions with the card in the year.

The commission for purchases on credit is 21.95% APR, very similar to banks like ING Direct which has a 22% APR.

The commissions to be withdrawn in ATMs is 4% having to pay a minimum of 3 €.

In the case of Skrill, when functioning as a debit card, it lacks credit commissions totally.

You will have to pay € 1.80 each time you want to take money from your cashier and you will have to pay € 10 annually for the maintenance of the card. 95% APR, very similar to banks like ING Direct which has a 22% APR. The commissions to be withdrawn in ATMs is 4% having to pay a minimum of 3 €. In the case of Skrill, when functioning as a debit card, it lacks credit commissions totally. You will have to pay € 1.80 each time you want to take money from your cashier and you will have to pay € 10 annually for the maintenance of the card. 95% APR, very similar to banks like ING Direct which has a 22% APR. The commissions to be withdrawn in ATMs is 4% having to pay a minimum of 3 €. In the case of Skrill, when functioning as a debit card, it lacks credit commissions totally. You will have to pay € 1.80 each time you want to take money from your cashier and you will have to pay € 10 annually for the maintenance of the card.

MPORTANTE THE PREPAID CARD MASTERCARD SKRILL IS ONLY AVAILABLE TO CUSTOMERS WHO LIVE IN THE EUROPEAN UNION

NETELLER VS PAYPAL VS PAYONEER

What Advantage NETELLER gives us About PayPal and Payoneer although they can be complements of each other
NETELLER: Allows you to deposit in cash from your Master Debit or Credit Cards, Master Card or Visa and Visa Electron
Once with cash, you can make commercial transactions and transfer money to PayPal, Payoneer or another bank account.
NETELLER Allows you to request a Master Card for use in the Whole World at a cost of 13 USD
NETELLER Allows you to create a Virtual Master Card for Electronic Commerce on the Internet
NETELLER to securely transfer money online and you should too.
DEFICIENCIES:
NETELLER I have not seen the option to charge online from a website such as PayPal
NETELLER Is not associated with any bank account, credit card or debit other than own, as does PayPal and Payoneer

THE BEST CONVINCATION TO MOVE MONEY BETWEEN THREE BANK ENTITIES

 

  1. WE GET MONEY ON VIRTUAL BANK WITH NETELLER
  2. WE REQUEST THE MASTER CARD
  3. WE VALID WITH THE MASTER CARD THE PAYPAL ACCOUNT
  4. WE REQUEST THE PAYONEER CARD
  5. WE ASSOCIATE A US BANK
  6. WE ASSOCIATE THAT BANK TO THE PAYPAL ACCOUNT
  7. WITH PAYPAL WE CHARGE ON THE NET
  8. WITH PAYONEER AND NETELLER WE SPEND IN REAL LIFE WITH YOUR PHYSICAL MASTER CARD CARDS.
  9. WITH THE VIRTUAL MASTER OF NETELLER (FOR ELECTRONIC COMMERCE) WE MAKE PURCHASES ON THE INTERNET WITHOUT PUTTING ON RISK OUR TOTAL FUNDS

COMMISSIONS

Withdrawals at ATMs: 6 $
Transfers between Neteller account: Free
Card application: 13 $
Payments in shops and in virtual stores with Neteller MasterCard: Free.

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