Payeer Wallet: Registration, Tariffs, Commission, Reviews

a month ago
Payeer
Payeer

Payeer is an electronic wallet available in Russian, Spanish, Chinese, French and English. The payment system has been operating in the money transfer market since 2012.

Payeer is very popular in the world. This is due to the ease of use of the site, the presence of a huge range of financial instruments and directions for making settlements, as well as the lack of mandatory verification.

However, Payeer warns that it works closely with law enforcement agencies, and when fixing any illegal actions, discloses information about the movement of funds on the platform.

We will discuss what Payeer is and how it differs from alternative payment systems later in the article.

What is Payeer

Payeer
Payeer

Payeer is an online platform through which users can send and receive money. The service is available to users in more than 200 countries. Calculations are carried out in 3 fiat currencies: US dollars, euros, rubles and cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, Ripple and stablecoin from Tether (USDT).

One of the strengths of the site is the flexibility of the system in the field of interaction with other payment services. Payer's clients can make transfers to AdvCash accounts. Note that the commissions in these areas are not low.

Payeer is one of the favorite payment systems of many users who prefer online earnings (posting on forums, participating in HYIPs, games, etc.).

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The 6-level referral program with the possibility of earning passive earnings is especially attractive.

Payeer offers the following account protection tools: "IP-security", "SMS-notification" and "Password recovery", however, in terms of reliability, it is inferior to other payment systems, for example, Skrill.

The system continues to evolve, as evidenced by the company's efforts to meet the required regulatory requirements. So, in 2019, the system received 3 licenses to conduct legal activities:

VFSC Financial License #15068 from 16.05.2019.
MEAC Wallet License #FRK001023 from 11.10.2019.
MEAC Exchange License #FVR001134 from 11.10.2019.

Payeer official website

Payeer Wallet

Payeer wallet features
Payeer wallet features

Payeer wallet attracts the attention of many users for a reason, but there are reasons for this. 

Firstly, the developers have combined both personal and business functions in one account. Here the user can not only make calculations, but also conduct a full-fledged business activity, taking into account all income and expenses by integrating ready-made components for various CMS (content management systems).

In addition, it is possible to integrate the account with various online stores, the forex market, trading platforms in all popular programming languages. 

Secondly, Payer's site is interesting for the opportunity to use most of the services without the need to verify identity. If verification is necessary, then it can be passed.

Another feature is the ability to change the screen theme. While some people prefer to work with a light theme, there will certainly be those who will like the dark one.

Payeer Registration

How to register on Payeer
How to register on Payeer

To register with Payeer you need:

  1. Go to the official website of the payment service provider.
  2. Click "Create account" (the button is located in the central part of the interface).
  3. Enter your email address.
  4. Enter captcha as a code.
  5. Click "Create Account".
  6. Check email.
  7. Enter the resulting combination of numbers in the form field.

As you can see, everything is very simple. Payeer only requires an email address. Thus, the user becomes the owner of a personal account with a payment system in less than a minute.

Below we will consider the registration process in the Payeer wallet in more detail. 

After the user has made a transition to the official Payeer website, he needs to click on the "Create an account" button located in the center of the home page.

Registering an account with Payeer
Registering an account with Payeer

The system will redirect the user to the page where they should enter their email and captcha code.

Registering an account with Payeer
Registering an account with Payeer

Click "Create an account" again, but first we recommend that you familiarize yourself with the rules for the provision of services by the payment system. 

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By default, clicking on the "Create an account" button implies that the user agrees with the provisions of the rules.

Upon clicking on the button, a window will appear in which the service will offer to enter a verification code already sent to the mail specified when filling out the previous form.

Registering an account with Payeer
Registering an account with Payeer

There are two ways to do this:

  1. Enter the confirmation code and click "Create account".
  2. Do not specify the confirmation code and click "Continue without confirmation".

However, for security reasons, it is still better to confirm the email address.

In any case, the user will be redirected to his personal account, from where he can directly carry out payment transactions.

Login to Your Payeer Account

How to enter Payeer's personal account
How to enter Payeer's personal account

In order to log into your personal account, a Payeer client needs to:

  1. Go to the official website of the payment service provider.
  2. Click "Login" in the central part of the interface.
  3. Enter the data requested by the system.
  4. Press "Login" again.

Logging into Payeer's system shouldn't cause any problems for the user. The system only asks for the login and password generated during registration. If the user has not changed them at this stage, then these combinations of numbers and letters will be the key to the Payeer account.

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Important! In addition to the username and password, the Payeer system will generate a secret word that may be useful in the future if you need to restore your account.

Let's consider the process of entering the payment system in more detail.

At the first stage, after entering the main Payeer page, select the "Login" button located next to the "Create an account" button.

Login to Payeer account
Login to Payeer account

In the next window, the system will ask you to enter your login, password and security code, in other words, captcha.

Login to Payeer account
Login to Payeer account

If the password has been forgotten under any circumstances, this does not mean that access to funds has been lost forever.

Usually services take into account such cases. For this purpose, in the form, next to the field requesting a password, there is a button "Forgot your password?" This function will help the user to restore access to their own account, as well as directly to funds.

Click on the button and go to the restore page, on which we enter the login, the secret word, and the captcha code. Recall that the secret word was generated along with the logins and password at the stage of registering an account.

Password restore in Payeer
Password restore in Payeer

After you have successfully login Payer, it is advisable to familiarize yourself with all the possibilities provided by this system.

Personal account in Payeer
Personal account in Payeer

Payeer has an intuitively simple interface, which, accordingly, creates more comfortable conditions for interacting with the service.

The following sections are located on the right side of the Payeer personal account page:

"Balance" represents the amount stored on the payment system account (as in the picture above.
“Transfer” is required for settlements between the parties.
"Exchange" — for trading between cryptocurrencies and Payer's fiat currencies.
History" is used to view the history of completed transactions with the ability to export to CSV (a delimited text file created to simplify work with large amounts of information).
The "API" is useful in case of integration with online services.

Now let's go over the top panel. So, in the right corner of the interface, the total amount of funds on the user's accounts in US dollars is displayed.

On the right are located:

Notifications and news tab. In it you can find all the information on your personal account, as well as news of the payment system.
The account number contains information about its status. Here you can set additional protection for your account by checking IP and activating SMS notifications.
The tab for selecting the interface language. Note that the "Personal Account" supports only 2 languages Russian and English.
Theme selection tab: dark or light, who likes which one.
The tab for contacting support.
Exit tab.
Settings tab. In it, you can change the password, login, track by the referral, as well as the data on the cards from which the payment was previously made.

And also confirm personal data. In the section go to the "Profile", where a form will immediately appear, which must be filled out to pass verification.

Verification of personal data Payeer
Verification of personal data Payeer

Here we select the type of account, enter the full name, date of birth, country, address. We confirm all these data by uploading an international passport or national identity card to the system along with any document confirming the address. This can be either a utility bill or a bank statement.

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The main requirement is that the document must be issued within the last 3 months.

As the documents are uploaded, click "Send for verification" and wait for confirmation. Note that the document verification process can take up to 7 business days. There are times when the process has to be repeated.

Payeer Сard

Payeer card
Payeer card

Payeer offers users of the Payeer payment system two types of cards: virtual and plastic.

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However, at the time of this writing, the material is not available to residents of countries other than the eurozone.

The new rules came into force at the beginning of 2019. When the issue of cards will be resumed, and whether it will be resumed at all, at the moment it is not clear.

Deposit and Withdrawal of Money to Payeer

Payeer transactions
Payeer transactions

To replenish the Payeer wallet and withdraw funds from it, the system has created many different methods. Each user will be able to find the most suitable one for making financial transactions. So, let's consider in more detail the steps of implementing these processes.

Payeer Account Deposit

You can deposit the payment system wallet in the "Balance" section, which contains information about the currencies supported by the service and their current state. There are several ways:

  • Banks and cash (VISA, MasterCard, Maestro, Cash);
  • Cryptocurrency (ETH, BTC, Advcash, Tether, LTC).

Deposit of USD Account in Payer Using Bitcoin

Consider the process of replenishing an account in US dollars using a cryptocurrency transfer.

In the "Balance" section on the USD account, click the "Deposit" button.

Deposit a Payeer account
Deposit a Payeer account

In a new window, select the deposit system and enter the amount required for deposit.

Click "Deposit" again. We take into account the fact that the system charges a commission for this operation.

Deposit a Payeer account
Deposit a Payeer account
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Note that the amount for making a payment in Bitcoin must be at least $ 25. When replenishing an account with cash, the minimum amount must be at least $ 500. At the same time, this restriction does not apply to deposits made using other methods.

Next, we check the data and confirm the operation.

Deposit Payeer account
Deposit Payeer account

If everything is ok, then click "Deposit", if you need to make changes, then click the "Return" button located on the right side of the form.

After confirming the deposit, the system will redirect the user to the page with the address for transfer and the amount, which he has only 15 minutes to deposit.

Deposit Payeer account
Deposit Payeer account

Please note that the deposit amount should not differ from the amount offered by the service, as this can lead to problems related to the process of receiving funds to the account.

As the transfer is made, we are waiting for the change in the amount on the USD balance.

Depending on the choice of the method of deposit, the system may ask the user to confirm his personal data.

So, for example, if he wants to deposit an account using a bank card, the user will not be able to complete the deposit until he uploads a photo of his passport and the bank card from which the transfer is made to a special form after filling in all the fields.

Withdraw Funds From Payeer

Withdrawals from Payeer are made in the "Balance" section, which contains information about the currencies supported by the service and their current state. There are several ways to withdraw funds from Payeer:

  1. Banks and cash (VISA, MasterCard, Maestro, Cash);
  2. Cryptocurrency (ETH, BTC, Advcash, Tether, LTC).

Withdraw Funds From Payeer's Account in Bitcoin

Let's consider the process of withdrawing funds from a Bitcoin account.

In the "Balance" section on the BTC account, click the "Withdraw" button.

Withdraw funds from your Payeer account
Withdraw funds from your Payeer account

Next, the user will be redirected to a page requesting the amount and BTC address for transfer. Withdrawing Bitcoin is only possible to another address of the cryptocurrency network. 

Withdraw funds from your Payeer account
Withdraw funds from your Payeer account

The minimum withdrawal amount is 0.001 BTC and the maximum amount is 30 BTC.

After completing the application, we check for inaccuracies and confirm the withdrawal of funds.

As for the limits from other accounts of the system, the minimum withdrawal amount directly from Payer is $ 0.02, and the maximum is $ 2,000, provided that the user sends from an unverified account.

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If the verification is successful, the limit will be much higher.

To even better understand how Payer's wallet works, we recommend that you watch the video below:

How Payeer wallet works

Payeer: Rates and Commissions

Payeer fees
Payeer fees

When it comes to making a deposit or withdrawing funds from an account, the system offers the client a number of ways to conduct the desired transaction. But it is worth considering that Payeer takes commissions for its services, and in some areas they are considerable. 

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So, the payment system provides a withdrawal at 0% of payments in cryptocurrency and to the Advcash service. However, a free transaction to the latter is made on the terms of the promotion, so at any time the service can return the commission for processing payments in this direction.

For transfers between Payeer accounts, the system will request an additional 0.95% of the payment amount, which is acceptable compared to other directions.

As for the deposit and withdrawal of funds from / to bank cards, the system will ask for an additional 5% of the amount; upon deposit and upon withdrawal 3.9% + 45 (50) rubles, depending on the direction.

As you can see, there are acceptable options for conducting transactions in the system, but in some cases, the client will still have to fork out a lot.

Payeer and Cryptocurrencies

Does Payeer support cryptocurrencies
Does Payeer support cryptocurrencies

Cryptocurrencies on Payeer are used quite actively, this can be evidenced by the live chat and the history of execution of trade orders.

As noted earlier, on the site you can not only perform calculations in cryptocurrencies, but also trade these assets in real time.

Trading is carried out in the "Exchange" section. The section itself has an intuitive interface, so even a beginner can handle the trading process.

Payeer trading platform interface
Payeer trading platform interface

At the top of the panel, select the currencies in which trading will be conducted. In the lower right corner there is a built-in window containing information:

About the parameters for creating an order.
List of active orders.
History of transactions.
FAQ.

The following cryptocurrencies are available for trading: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, Tether and Ripple.

In addition, in addition to trading, here you can chat with other traders or simply clients of the service. However, you should never rely on trading recommendations provided by chat members. Remember, all trading transactions are performed only at your own risk. And no one will be responsible for the losses incurred from trading crypto assets.

In addition to buying cryptocurrency on an exchange, it can be purchased using the Payeer-supported exchange function. Direct conversion of funds is possible in the "Exchange" section. The minimum commission for the operation is $ 0.5.\

Payeer Advantages and Disadvantages

Payment in rubles in Payeer
Payment in rubles in Payeer

Payeer payment system has millions of fans, and it's all for a reason. The service has a lot of advantages over its competitors.

Payeer's Advantages:

Customer anonymity.
The versatility of the service (the account can be used simultaneously for personal purposes and for business.
A wide range of supported directions for deposits and withdrawals.
Built-in cryptocurrency exchange.
Free cash deposit.
A wide range of business solutions.
Simple registration.
Instant transfers (except transfers from / to bank accounts).
High limits even without identity verification.
App availability for Android and IOS.
No hidden fees.

However, Payeer also has disadvantages, although there are not so many of them:

High commissions for transfers to certain directions (Qiwi up to 10%).
Long process of data verification for account verification (up to 7 working days).

Sometimes you have to re-send, which can be inconvenient if the transaction deadline is tight. Therefore, it may be worth thinking about verification in advance.

Reviews on Payeer

Reviews on Payeer
Reviews on Payeer
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Note that the Payeer wallet has a rather warm response.

The Internet is full of reviews from satisfied customers who note, among other things, the ease of use of the service, instant transfers, and support for cryptocurrencies.

Note that foreign users also appreciate the work of this payment system at a high level.

As for the negative regarding this service, it is practically not on the network. Still, I managed to find a couple of fresh reviews published by foreign clients.

From personal experience: in 2017, the author's personal account also fell victim to hackers on this service. Therefore, we recommend using all the methods of protecting your account offered by the service. This will reduce the chances of being hacked.

Basically, users of the payment system express wishes or point out disadvantages. So, one of the Payeer clients was alarmed by the lack of a mandatory verification process on the service.

Thus, regardless of the choice of the payment system, be it Payeer or any other, the main thing is not to forget about the need to independently take care of the safety of personal funds. To do this, we recommend using all possible options provided by the service for greater reliability. And also take your own measures, including not disclosing personal data, setting complex passwords, periodically changing them, cleaning cookies, etc.

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