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The Payeer payment system gives you the ability to make online purchases, send, and receive money. Also, there is no need to use your main bank account and give your bank details when paying on partner sites and receive payments directly, from your e-commerce or iGaming site. Payeer’s main advantage is its multi-currency wallet which offers numerous possibilities to operate on various websites (online businesses). Also, many forex and online gaming sites now offer Payeer as a payment method.
What is Payeer?
Payeer has been around since 2012 in the online payment systems market; it grew out of an electronic currency exchange service. Personal, as well as business users, can access the services of this full-fledged payment system in over 200 countries, and it also works with many merchants and crypto-services. The Payeer’s e-wallet offers many ways to pay and be paid online, and supports over 25 international payment methods.
Pros
Currencies such as EUR, USD, RUB as well as cryptocurrencies (BTC, LTC, ETH, etc) can be managed independently on the same account
Competitive charges
Users can earn additional money with the affiliate program
Opportunity to trade and exchange cryptocurrencies
Users can create anonymous and verified accounts. Usually, businesses use the verified accounts when using Payeer on their websites
Cons
All transactions are irreversible
Lack of transparency in fees.
Paid SMS validation, around 0.05 USD
Payeer Services
Payeer offers the services to make and receive payments in many countries with several options. It also supports many online currency exchange services and lets its users operate on different systems, bank cards, and institutions. You can sign-up with the service just by entering your email ID, a verification code sent to your email, and your name and country. Payeer lets users register an unverified account with a daily withdrawal limit of 999 USD.
The service offers to order a free MasterCard debit card (plastic as well as virtual).
However, the issuance of new MasterCards is suspended currently, and previously issued cards are blocked too. Therefore, you are not able to use the Payeer MasterCard at all.
Payeer supports the investment and trading of cryptocurrencies and allows users to buy these currencies by depositing funds in USD, EUR, and RUB. If you already hold a Payeer-supported cryptocurrency, you can use it to fund your account. It also supports seven types of cryptocurrencies, AdvCash, and Perfect Money for funds transfer. When it comes to adding money, users can choose among many options — bank cards (Visa, MasterCard, and Maestro), Bitcoin, Ethereum, Tether, Litecoin, QIWI, AdvCash, and Perfect Money.
Is Payeer Safe?
Payeer offers its financial services in the EU through Financa Private Limited Company. It has received its activity license Virtual Currency Service from the Ministry of Economic Affairs and Communications (MEAC) Estonia. It means that Payeer is a reliable processor, and your funds are safe with them.
Payeer has received an average score on various user review platforms. The main concern of the users is the problem of withdrawing their funds. Many users had complained that they were unable to withdraw funds via Visa/MasterCard. Another issue is that Payeer is currently not issuing new MasterCards for all countries, and the previously issued MasterCards have been blocked too.
Payeer is safe and legit, but its withdrawal option has annoyed many users.
FAQ
Where can I use Payeer MasterCard?
Please note that currently the issuance of Payeer MasterCards is suspended for all countries, and the previously issued cards have been already blocked. We recommend using secure services such as Skrill wallet or Payoneer, and use their cards anywhere in the world conveniently.
How to delete Payeer account?
If you want to delete your Payeer account, you need to send an email to support@payeer.com and ask them to delete your account.
How to fund the payeer account?
From your Payeer account, you will see all account balances: cryptocurrency and fiat currencies. Click the “Add” option from the main menu, choose your account (USD/RUB/EUR balances or crypto balances), and system (bank cards, payment methods such as BTC, Perfect Money, QIWI, AdvCash, etc.). Then enter the amount, and click on the “Add” option. Review the information and Payeer fees, and confirm the transaction.