Payeer Review 2024

Payeer Review 2024

Payeer, a digital payment platform, has gained significant popularity in recent years as a reliable and convenient method for online transactions. With its comprehensive range of features and services, Payeer offers users the ability to send and receive money, exchange currencies, and integrate with various payment systems. This article aims to provide an in-depth review of Payeer in 2024, exploring its features, security measures, user experience, fees, and its pros and cons. Additionally, we will compare Payeer with other popular payment systems and discuss its future outlook. Whether you are a business owner, freelancer, or an individual seeking a seamless payment solution, this article will guide you through the key aspects of Payeer and help you make an informed decision.

1. Introduction to Payeer

Payeer Summary

Official Website


Tallin, Estonia

Found in


Native Token


Listed Cryptocurrency

BCH, LTC, ETH, BTC, EUR, and USDT, etc

Trading Pairs


Supported Fiat Currencies


Supported Countries


Minimum Deposit


Deposit Fees

Depends on Payment Method & Currency

Transaction Fees

Depends on Payment Method & Currency

Withdrawal Fees

Depends on Payment Method & Currency



Customer Support

Mail & Submit Ticket Support

One such platform is Payeer. A Payeer customer can take advantage of the platform’s plethora of services and functionalities. Payeer is primarily a digital wallet for fiat and crypto assets and is also a cryptocurrency exchange.

Payeer offers a long list of functionalities that have been able to get the platform positive reviews consistently. These include the trade of cryptocurrencies from various blockchains, storage of assets, and quick payment methods from the Payeer payment system to fiat currencies.

The platform has also launched an impressive list of additional support features, including withdrawal to Mastercard, Maestro, etc. The diversity of options for making payments or adding funds to the wallet is a welcome environment for individuals who might be on the verge of selecting it as their primary electronic wallet.

Quick Overview of Payeer

  • Payeer is an electronic/ digital wallet that enables users to store a diverse array of digital assets, including fiat and cryptocurrencies.

  • Payeer charges low fees compared to some of its competition although Payeer can be regarded as an undisputed platform for its list of supported payment methods and scale of operation.

  • Payeer is also a registered cryptocurrency exchange where individuals can trade crypto from various blockchains and store them directly in the top crypto wallets of the platform.

  • Payeer provides digital solutions for individuals as well as businesses, and this is one of the advantages that has led to significant growth of the platform over the past few years since its inception.

  • The prices charged for the transactions are based upon the asset itself and are generally the same for individuals as well as businesses.

  • Payeer has an affiliate program that encourages users to bring in new individuals through personal reviews and opinions. The referrals provide 25% of the fees charged by the platform from the referred user as a reward to the inviting user.

1.1 What is Payeer?

Payeer is a platform that offers an electronic wallet for users which can store various digital and crypto-assets. Payeer acts as a medium and vault for crypto enthusiasts who want an easy-to-use platform that is versatile in its design. It can help individuals overcome the hassle of maintaining multiple apps for various purposes and financial systems. With over a hundred supported payment systems, Payeer has been able to make its services available in multiple nations and cater to their respective needs for trading or depositing, and withdrawing funds.

To thoroughly review Payeer themselves, individuals are advised to compare it against the local platforms, which might aim to provide the same level of convenience to the user.

In addition to being an electronic wallet, Payeer is also a crypto exchange. Thus, users can not 2+ only store their cryptocurrencies (such as Ethereum, Dash, Bitcoin, etc.) but also use the platform to directly sell or invest in cryptocurrency without needing yet another third party for the purpose of a transaction between the marketplace and the customer.

Payeer is based out of Estonia, and hence, it is regulated and overseen by the VFSC (Vanuatu Financial Services Commission) and the MEAC.

1.2 History and Background

Payeer was established in 2012 and has since gained popularity as a reliable and user-friendly financial platform. It is owned and operated by Paycorp Limited, a company registered in Georgia. With over eight years of experience in the industry, Payeer has become a trusted choice for numerous individuals and businesses worldwide.

2. Features and Services Offered by Payeer

2.1 Account Creation and Verification

Creating an account with Payeer is a straightforward process that requires minimal information. Users can sign up using their email address or social media accounts, saving time and simplifying the onboarding experience. To increase security, Payeer also offers a verification process that involves submitting identification documents.

2.2 Digital Wallet Services

Payeer provides users with a digital wallet that enables them to store, manage, and exchange various currencies. With support for multiple fiat currencies and cryptocurrencies, users can effortlessly track and control their funds in one place. The digital wallet also allows easy integration with online shopping platforms, making transactions seamless and convenient.

2.3 Currency Exchange

One of the standout features of Payeer is its currency exchange service. Users can quickly convert funds between different currencies, including cryptocurrencies, at competitive rates. This feature is particularly useful for individuals or businesses involved in international commerce or investments, eliminating the need for multiple accounts or complicated currency conversion processes.

2.4 Payment System Integration

Payeer offers integration with various payment systems, making it effortless to send and receive payments. Whether it's sending money to friends and family or receiving payments from clients, Payeer makes the process simple and efficient. The platform supports popular payment systems such as Advcash, Perfect Money, and many others.

Referral Program

Payeer Exchange has a referral program. The referral program has 6 different levels, meaning that you receive referral commissions even from your friend's friend's friend's friend's friend's friend! For the people you invite directly, you receive a 25% rev share of the fees generated from the transactions they make. For level 2, it's 15%, level 3 is 10%, and the levels thereafter 5%.

3. Security Measures and Privacy Features

3.1 Two-Factor Authentication

To ensure the security of user accounts, Payeer provides the option for two-factor authentication (2FA). By enabling 2FA, users add an extra layer of protection to their accounts, requiring a second verification step during login or transaction authorization. This feature significantly reduces the risk of unauthorized access and provides peace of mind for users.

3.2 Encryption and Data Protection

Payeer understands the importance of data protection and takes it seriously. The platform implements advanced encryption technology to safeguard user information and transaction data. This ensures that personal and financial details are kept secure and protected from potential threats.

3.3 Privacy Controls

Payeer respects its users' privacy and provides privacy controls that allow individuals to customize their account settings and privacy preferences. Users have the option to control the visibility of their personal information, ensuring that they have full control over their privacy.

How Does Payeer Work?

A Payeer account is usually subject to various fees that are charged by the platform for its services and features. This is the primary source of revenue for the company. Payeer provides a lucrative platform with enticing advantages not commonly offered by digital or electronic wallet providers. Since Payeer is also a cryptocurrency exchange, it is able to offer highly competitive prices to the users because there is no transfer among different ecosystems or platforms. Payeer is also a company that offers customized services and features to both individuals and businesses suited to their specific needs.

This level of micromanaging customer needs is what has helped the platform to position itself on a pedestal higher than the competition. These services would entail additional fees, depending on the particular scenario.

A Payeer account can also be accessed through the mobile app that is available on both iOS and Android app stores. The users can also use their account to transfer money to their VISA or MasterCard and use it to make payments to conventional financial institutions.

Payeer is secured with the help of the 2FA safety method which acts as a line of defense for the wallets on the platform.

4. User Experience and Interface

4.1 Registration and Onboarding Process

Getting started with Payeer is a breeze. The registration and onboarding process is simple and user-friendly, allowing new users to quickly create an account and begin using the platform's services. The intuitive interface and clear instructions make it a smooth experience from start to finish.

4.2 Dashboard and Navigation

The Payeer dashboard offers a clean and organized layout, making it easy for users to navigate and access the desired features and services. The well-designed interface ensures that users can manage their funds, view transaction history, and perform various actions with minimal effort.

4.3 Transaction Management

Payeer provides a seamless transaction management experience, allowing users to easily send, receive, and track their funds. The platform offers real-time transaction updates, notifications, and detailed transaction history for better control and transparency. Whether it's sending money to friends, making online payments, or managing business transactions, Payeer streamlines the process for a hassle-free experience.

Overall, Payeer offers a comprehensive range of features and services, combined with robust security measures and an intuitive user interface. Whether you're an individual looking for a convenient way to handle your finances or a business seeking efficient payment solutions, Payeer has you covered.

5. Fees and Charges

5.1 Transaction Fees

When it comes to transaction fees, Payeer knows how to keep things fair. They charge a small fee for each transaction you make, which helps keep the system running smoothly. It's like paying a few pennies for the convenience of sending money at the click of a button. We can get behind that.

5.2 Currency Conversion Fees

If you're planning on converting currencies with Payeer, be prepared for a small fee. They want to ensure that you get the best rates possible, but they also need to cover their own costs. Think of it as a small price to pay for the convenience of exchanging your money hassle-free.

5.3 Withdrawal and Deposit Fees

Withdrawal and deposit fees are a necessary evil when it comes to any payment system, and Payeer is no exception. They have a small fee for each withdrawal and deposit you make, but it's a small price to pay for the convenience they offer.

6. Pros and Cons of Using Payeer

Payeer Review: Pros and Cons



Payeer is a multi-currency wallet and is capable of serving as the only wallet that can help users navigate through both fiat and cryptocurrencies.

The regulations are firm and might not offer the level of anonymity that most of the users might come to expect from blockchain and crypto trading.

Payeer can be used to transfer directly to VISA, MasterCard, and other international methods and instant payment systems.

The stringent policy system adds to the hassle of the process and the limit on transactions can be an extra obstacle for heavy users.

Payeer is available in over 100 countries across the world and offers some of the most cutting-edge and unique features as a platform, exchange, and digital wallet.

Payeer supports a small number of cryptocurrencies and some assets with small market shares are not present on the platform.

Despite the limit on cryptocurrencies, the platform does offer numerous trading pairs that are commonly used across the crypto market.

How Do I Open a Payeer Account?

The individuals who wish to open an account with Payeer, are required to sign up on the platform. Once the new users click on the ‘Create Account’ button on the website, they are required to fill out a form that contains their details such as email. After entering the email, users can either enter the verification code sent to their email accounts or skip the step and continue to create a password, account number, and other formalities.

Payeer Account

Payeer has a thorough system to prevent illicit activities and thus, the regulations and requirements vary from country to country. Some nations require the accounts to be connected with government-issued IDs or other proofs of identification.

Individuals can also open a business account with Payeer and share the documentation of the company. The platform suggests that the business account can be replenished through the company account. After the users have created (or opened) their account, they might also have to enter their debit or credit card details as a payment method if they are making a payment through their card on the Payeer platform. This is also a way to add funds to the Payeer account of the user, which can then can be used for exchanges or other purposes. The platform also enables the users who have an account to take part in surveys and improve the platform.

Payeer Mobile App

To add to the user experience and compatibility across devices, Payeer offers a mobile application for its platform and it is available for both Android and iOS devices. The mobile application is a great feature as every user does not prefer to sit in front of a computer, especially when it comes to trading throughout the day or making quick payments.

The introduction of a mobile application also enabled the platform to add functionalities such as scanning a code to pay. This works through the mobile phone’s camera and would not have been feasible on desktops. The smartphone application is also intended to take advantage of the 2FA security method. It also completes the process of verification through the mobile phone.

Individuals can opt to stop security messages on the mobile app. However, this might decrease the overall security of the account. The Android, as well as the Apple app stores mostly feature positive reviews of the application.

The mobile application eliminates the need to remember the password at all times since most smartphones in the market come with biometric authentication features. Individuals can access the platform with fingerprint authorization that is built into their phones. It is because of these reasons that users prefer the Payeer mobile app.


Payeer Customer Support

Constantly helping the users and providing solutions, the support team behind Payeer has been known to be prompt and responsive. In order to get in touch with the company, the users can also raise a ticket which would be tended to within 24 hours (as claimed by the company and various users). The company has also stated its address for the local users who might need immediate assistance in regards to their accounts.

The customer support can also be reached by the individuals who seek to get special solutions for themselves or their businesses.


7. Comparison with Other Payment Systems

7.1 Payeer vs PayPal

Payeer and PayPal are both popular payment systems, but they have their differences. Payeer is known for its simplicity and wide range of payment options, while PayPal is more widely accepted and has a stronger reputation. If you're looking for a straightforward and convenient payment system, Payeer is the way to go. But if you want a system that's more established and trusted by many, PayPal might be the better choice.

7.2 Payeer vs Skrill

When it comes to Payeer vs Skrill, it's like choosing between two equally capable contenders. Both offer a simple and efficient way to manage your money online. Payeer stands out with its wider range of payment options, making it ideal for those who like to have flexibility. On the other hand, Skrill is known for its robust security measures and widespread acceptance. It all depends on what matters most to you.

7.3 Payeer vs Neteller

Payeer and Neteller are two payment systems that have their own unique features. Payeer wins in terms of user-friendliness and ease of use, while Neteller is known for its strong security measures and reliability. If you're a beginner looking for a hassle-free experience, Payeer might be the better choice. But if security is your top priority, Neteller is worth considering.

8. Future Outlook and Conclusion

In conclusion, Payeer is a payment system that offers simplicity, convenience, and a wide range of payment options. While it may have its drawbacks, its advantages make it a popular choice for many users. With ongoing improvements and enhancements, Payeer has the potential to become even more popular in the future. So, if you're looking for a reliable and user-friendly payment system, give Payeer a try and see if it meets your needs.

After all, life is too short to waste on complicated payment systems!In conclusion, Payeer has established itself as a versatile digital payment platform, offering a wide array of features and services to facilitate seamless online transactions. With its robust security measures, user-friendly interface, and competitive fees, Payeer has garnered a loyal user base. However, it is important to weigh the advantages and drawbacks of using Payeer, considering individual needs and preferences. As the digital payment landscape continues to evolve, Payeer strives to adapt and improve its services to meet the changing demands of its users. Whether Payeer will remain a top choice in the coming years will depend on its ability to innovate and stay ahead of the competition.



1. Is Payeer a secure platform?

Payeer takes security seriously and employs various measures to ensure the safety of users' funds and personal information. These include two-factor authentication, encryption, and privacy controls. However, it is always advisable to take additional precautions such as using strong passwords and keeping personal login credentials confidential.

2. Can I integrate Payeer with other payment systems?

Yes, Payeer offers integration options with various payment systems, allowing users to link their accounts and streamline their payment processes. This can be particularly beneficial for businesses and freelancers who work across multiple platforms and need a centralized payment solution.

3. What are the fees associated with using Payeer?

Payeer charges fees for certain transactions, such as currency exchange and withdrawals. The specific fees can vary depending on the type of transaction, currency, and the payment system used. It is recommended to review the Payeer fee structure or contact their customer support for detailed information on fees.

Payeer and PayPal are both popular digital payment platforms, but they have their differences. While PayPal is widely accepted and recognized globally, Payeer offers a broader range of services and integrations. Payeer also supports multiple currencies and provides various funding options, which can be advantageous for users who need flexibility in their online transactions. It is advisable to consider individual needs and preferences when comparing payment systems to determine which one suits you best.