Great Article About Payoneer On Techcrunch

With Payoneer, all users are Master Card debit card cardholders. This means that once funds are deposited into their accounts, users can immediately make standard credit card payments, or withdraw cash from ATMs. For affiliates, the real upside is that they can use their cards to pay for traffic they buy **without** the back and forth local-to-international money transfers.

Also, using Payoneer doesn’t require users to have bank accounts, and the cards can be reloaded within hours of funds being deposited in user accounts. And now with the newly launch local bank transfer service, Payoneer can transfer funds in the local currency of the user, as opposed to the currency they were paid in (typically USD). Local currency transfers are both cheaper ($6.95-9.95) and faster than a standard wire transfer. For international users residing in countries where banking systems are still lagging decades behind those of Western countries these are big deals.