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 Wallet
- Payeer Registration
- Login to Your Payeer Account
- Payeer Сard
- Deposit and Withdrawal of Money to Payeer
- Payeer: Rates and Commissions
- Payeer and Cryptocurrencies
- Payeer Advantages and Disadvantages
- Reviews on Payeer
What is 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.).
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:
Payeer official website
Payeer Wallet
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
To register with Payeer you need:
- Go to the official website of the payment service provider.
- Click "Create account" (the button is located in the central part of the interface).
- Enter your email address.
- Enter captcha as a code.
- Click "Create Account".
- Check email.
- 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.
The system will redirect the user to the page where they should enter their email and captcha code.
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.
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.
There are two ways to do this:
- Enter the confirmation code and click "Create account".
- 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
In order to log into your personal account, a Payeer client needs to:
- Go to the official website of the payment service provider.
- Click "Login" in the central part of the interface.
- Enter the data requested by the system.
- 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.
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.
In the next window, the system will ask you to enter your login, password and security code, in other words, captcha.
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.
After you have successfully login Payer, it is advisable to familiarize yourself with all the possibilities provided by this system.
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:
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:
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.
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.
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 offers users of the Payeer payment system two types of cards: virtual and plastic.
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
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.
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.
Next, we check the data and confirm the operation.
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.
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:
- Banks and cash (VISA, MasterCard, Maestro, Cash);
- 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.
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.
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.
To even better understand how Payer's wallet works, we recommend that you watch the video below:
Payeer: Rates and Commissions
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.
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
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.
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:
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
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:
However, Payeer also has disadvantages, although there are not so many of them:
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
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.
Payoneer: Registration, Login, Card and Reviews