clearXchange Fees To Email Money Worth It?

Last night I clicked on the “Transfer Money” tab on Bank of America to move some money from savings to checking. But instead of seeing the usual screen, I was first prompted with this…

…it was a solicitation for me to participate in their new program that gives you the ability to email money or send it via phone, to other accountholders at Bank of America, Wells Fargo, or Chase (if they are also enrolled in clearXchange service.

After clicking “Yes” here’s what the next screen said:

Introducing a new way to send and receive money. Now you can make transfers simply by using an email address or mobile phone number, with no account number needed. A fee may apply when you use this new service (fee waived for a limited time). The fee amount is disclosed prior to each transaction and is also in the service agreement. Please note that there are dollar amounts and other limits for these transfers. Please also see the service agreement for applicable daily cut off and delivery times.

About transferring money to others

• For a fee (fee waived for a limited time): Make transfers to another person using the recipient’s mobile number or email address.
• No fee: Make transfers to other Bank of America customers using the recipient’s account number. Most customers may also use Bill Pay to send money to individuals without charge (see your service agreement for details).

By checking this box and selecting “I agree” below, I confirm that I:

a. have read and agree to the terms of the service agreement, including the terms of the Email/Mobile Network Transfers sections;
b. consent to receive email and automated text messages about Email/Mobile Transfers;
c. will only register mobile numbers where I am the account holder; or if I am not the account holder, I have the account holder’s permission to register that mobile number; and
d. will obtain the consent of the person to whom I want to send a Mobile Transfer text message to receive the automated text message.
e. consent to receive surveys requesting my feedback about this service, even if I am on a Do Not Solicit list.

Message & data rates may apply. For help text “HELP” to 53849. To cancel your plan, send a text “STOP” to 53849 at anytime. In case of questions please contact customer service at 1.877.343.7174.

Supported Carriers: AT&T, Sprint, Nextel, Boost, Verizon Wireless, U.S. Cellular®, T-Mobile®, Cincinnati, Bell, Virgin Mobile USA, Cellular South, Centennial and Ntelos

I did some digging around on my own to find out more about this clearXchange (or as I was initially calling it, Clear Exchange) and this is what I’ve learned:

1. It’s a joint effort by BofA, Wells, Fargo, and Chase. It’s unclear whether it will be offered to other and smaller banks once the programs is completely rolled out.

2. Who they’re going after is Paypal, obviously. I’m all for this, because Paypal fees are outrageous (especially for non-credit card payments) so it would be great to see this become popular.

3. The banks are keeping tight-lipped about what the clearXchange fees will be. Currently no one’s getting charged but if you rewind back 10+ years ago, Paypal’s slogan was “Always Free!” and we all know that ended up being a crock.

What are your thoughts on this banking service for emailing money or texting money? Have you used it yet? Have any insight as to what the service fees will be?

USAA Credit Card Review

If you or a family member serves our great military, there’s a good chance you are familiar with USAA, the financial services company offering everything from auto insurance to bank accounts. They offer a number of different credit cards. In this review we will take a look at the pros and cons associated with them.

Part One: Cash Back Credit Cards

These days most people seem to prefer cash back, so let’s start with the USAA credit card offers for this category.

• USAA Cash Rewards (World MasterCard or American Express)
• USAA Active Military MasterCard with cash rewards

While the benefits differ slightly between them, all three offer the same cash back program as follows:

• You earn “up to” 1.25% cash back on all purchases, without any cap on the amount that can be earned.
• In January the account will be credited with all the cash back earned over the past 12 months. Therefore you only get your cash rebate once per year.
• Neither version has an annual fee.

Unfortunately this cash back program has a major drawback…

As you can see from the above table, you start out by earning less than 1/2% cash back. Only your yearly spending above $10,000 will be earning 1% or more.

The APRs on all of these can be low if you have good credit. When it comes to benefits, the American Express version offers purchase protection, extended warranty, and other perks for free (as you would find on any American Express card). The World MasterCard version also offers similar benefits but in my opinion, they aren’t as good.

Perhaps the most noteworthy benefit comes with the USAA Active Military MasterCard. If you are deployed you get to enjoy 3 major perks (a) special interest rate for up to 12 months, (b) new finance charges during deployment will be rebated, and (c) no foreign transaction fees on purchases made outside of the country.

Verdict? The USAA cash back credit card program is not very attractive with this tiered rewards structure. These days you should expect at least 1% on all your spending, if not more. Therefore, the application only makes sense if it is the other benefits you are after instead.

Part Two: Cards With Reward Points

The majority of the USAA credit cards are for programs that offer reward points. These don’t have an annual fee either:

• USAA Rewards (World MasterCard or American Express)
• USAA Military affiliate credit cards (available for 16 different military associations such as Air Force Association, Veterans of Foreign Wars, Wounded Warrior Project and others)
• USAA Active Military MasterCard with rewards

All of these credit cards operate on the same points program. Here’s how it works:

• You earn 1 point per dollar spent. There are no bonus categories for extra points.
• No cap to the number of points that can be earned
• Points can be redeem for cash back, as well as the other usual options credit cards offer these days: merchandise, gift cards, travel, charitable donations

 
How much are the points worth? Well that depends on how you redeem them. If you do it at lower tiers you usually won’t get a good deal in terms of point value. The table on the right shows the cash rebate option and as you can see, it takes 20,000 points to get the full 1 cent value per point. If you go below that, your value per point goes down. If you use your points for charitable donations it’s the same $200 threshold for maximum value.

The worst value comes with the merchandise and gift certificate/card rewards. Based on the tiers shown in the fine print, it appears you will never get a full penny per point. For example, it shows a $25 gift card costing 3,500 points (about 7/10^th of a cent per point). Even the highest tier shown, a $500 gift card, costs 70,000 points (also around the same conversion).

The best value appears to be when points are used for cruise rewards. It’s possible to get about 1.18 cents per point, but the drawback is you need to redeem hundreds of dollars worth to get that amount of a boost. Airline rewards do not give a boost in value but are still a good deal, because you get 1 penny per point with as little as 15,000 points ($150 worth) redeemed.

Verdict? After reviewing the reward options I would advise against these cards for that reason alone. There are credit cards with higher travel rewards on the market. However, if you want the other USAA credit card benefits then one of theirs might still make sense.

Part Three: Cards for low rates or rebuilding credit

USAA Rate Advantage MasterCard – Offers a low rate with qualifying credit as low as 6.9% and no annual fee. Those considered less creditworthy may still be stuck with a rate as high as the 20’s though, according to the fine print on the application. This card offers no rewards.

USAA Secured Credit Card – This is for folks who can’t qualify for a regular credit card, but still want a card to build their credit with. The USAA secured card charges a $35 annual fee which is definitely reasonable. You can learn more about how secured credit cards work here.

Verdict? Neither of these cards come with rewards, but that’s okay, because if you carry a balance or are trying to rebuild credit, rewards should be the last thing on your mind. If you have great credit and can get the lowest tier APR on the USAA Rate Advantage card then it’s a deal. The secured credit card from USAA is also a good value for what it offers.

Best Credit Cards For 600 Credit Score?

Q: Dear CreditCardGuru, I’ve been reading a lot of your posts and love your advice but the problem is that I think my credit score is too low to qualify for your recommendations. For a 600 credit score what credit cards are best? (I have a 650 credit score from Experian and 640 from Equifax)
 
A: Your FICO score isn’t the ultimate deciding factor. The reasons for it being where it’s at is also a crucial element which is taken into account. Having a 650 score because of little credit history is viewed much more favorably than someone who has a 650 score due to prior charged off debt, an old bankruptcy, etc.

Whether you have a 650, 640, or even a 680 credit score doesn’t really matter… because unfortunately they all are considered sub-prime. To get approved for the best credit card deals you typically need a score in the mid-700’s. In the past banks were more lenient, but not anymore.

Secured or unsecured?

Being in the mid-600’s you are right on the cusp of what qualifies for unsecured versus secured credit cards. For secured, you will have to put up a deposit ranging from $200 to thousands (you choose the amount) and that becomes your credit limit. Many are alarmed when they hear this but don’t worry, that deposit is refundable you close the account in the future (assuming you don’t owe money when it’s closed).

Which type will you qualify for? There’s no way to know until you try applying. But don’t misinterpret that the wrong way – you should not apply for credit cards until you get approved. Every application you submit results in a credit inquiry and having too many of those isn’t good for your score. So the last thing you want to do is make you score worse by having a boatload of new inquiries made!

In my personal opinion, the best credit cards for a 600 credit score range are those which offer both types, and will check your eligibility for both with only one application. There are a couple companies who do this and you can learn more about them on this page about rebuilding credit using secured cards.

If your credit score is only good enough to get you a secured card, then make sure you use it responsibly (always pay on time and never use more than 30% of your credit limit). After 9 to 12 months I would then recommend checking your credit score again and seeing where you stand. Hopefully by then, it will be enough to qualify you for an entry-level unsecured card.

Sidenote: The reason you had a 650 credit score on one report and a 640 on another is because each credit bureau has their own set of data they use to calculate the score. Usually the information across all 3 credit bureaus is the same but sometimes, a given bureau’s info may differ slightly (perhaps it hasn’t picked up recent information from one or both of the others). However as mentioned, anything in the mid-600s will be viewed as more or less the same, so don’t fret over the minute difference.

Secured Cards To Rebuild Credit

Those with bad credit often got there through no fault of their own… job loss, medical bills, and other economic hardships we can’t always control.

Whatever the case may be, instead of dwelling on the past, it’s best to focus on the future and rebuild your credit. But of course the catch-22 is you can’t apply for a credit card with bad credit and get approved! However with secured cards you can, no matter how horrible your history may be!

Here are 3 important things to consider when choosing your secured credit card…

• Reasonable Fees – Fees should be expected, but some banks will rip you off with outrageously high fees. The application fee and annual or monthly fee should be reasonable and when combined, they should not cost more than $100 to $150 over the course of the first year.
• Reports to Credit Bureaus – Of course it’s important that your account is reported to the bureaus. However, banks that offer secured credit cards (or any card for that matter) have to pay to report customer records… for that reason, some unscrupulous banks won’t report because they’re being cheap, make sure you watch out for them.
• Flexible Security Deposit – We all know higher credit limits are better, but maybe you can’t afford much for your security deposit right now. The best cards should give you some flexibility. For example, you can start with a $500 deposit for a $500 limit, but later on when you can afford to do so, you should be given the ability to raise that to a $3,000 limit by adding more to your security deposit.

2 Important tips you need to know!

Tip #1 – Contrary to popular belief, you do not need to carry a balance to rebuild your credit. What’s actually reported to the credit bureaus is the balance on your statement when it closes each month. So it’s best to use your card and pay off the bill in full every month in order to avoid interest.
Tip #2 – A small portion of your credit score is based on what percentage of your available credit limit you are using. Again, contrary to popular belief, having higher balances are not better. It’s best to never use more than 25% to 30% of your credit limit at any given time.

The Best Secured Credit Cards To Rebuild Credit In 2011
This sponsored listing of the best offers is regularly updated.

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Top Pick: Orchard Bank MasterCard
What’s so great about this offer is that Orchard Bank will check your pre-qualification for 4 different cards at once – both secured and unsecured. This is great because who knows, maybe you will qualify for a regular unsecured card? Since this issuer is part of HSBC (one of the world's largest banks) it is a great, respectable card to have. They specialize in credit cards to rebuild credit and their rates and fees are quite reasonable.

Check for free which MasterCards you pre-qualify for. Or if you prefer Visa, here is the Visa card pre-qualification form

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Household Bank MasterCard
This MasterCard has an annual fee of $39 which is definitely on the low end for a secured credit card. However the best part about it is that you earn a full 2% cash back on your spending. It's rare to find a secured card that gives rewards, let alone one that gives an extremely high 2% rebate! If your credit score is better than you think, you might qualify for the unsecured version which has the same rewards but a $0 annual fee.

Find out in 60 seconds whether you qualify for the secured or unsecured version

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Applied Bank Platinum Zero Card
They call this the Platinum "Zero" because the interest rate for purchases is fixed at 0% (even if you make late payments) and there's $0 in application fees. However the monthly maintenance fee is $9.95 so this secured credit card is probably only appropriate for rebuilding credit in the short term, rather than paying that fee for years to come. The security deposit ranges from $500 to $5,000 depending on how high of a credit limit you want

Find out more about the Platinum Zero secured card

Review: Capital One Cash Credit Card

There are several top cash rebate credit cards which give 2% to 6% on category spending, but few give above 1% on other purchases. However there are a few that do, including Capital One’s recently launched Cash credit card. Depending on your spending patterns, it may or may not beat other reward cards. Let’s review what it does and doesn’t offer.

What the Capital One Cash offers?

The system is a bit different because you don’t get all of the rewards upfront. Here’s how it works:

• 1% cash back is earned on spending. The rebate accumulates on the account and can be redeemed at anytime through the website or by calling customer support.
• 0.5% cash back is given for all spending during the previous 1 year period. This half-percent bonus is awarded each year on the anniversary date that the account was opened.

So in a nutshell, you are getting 1% cash back now and another 1/2% at the end of the year. Combined, this means a total of 1.5% cash back on spending, without any ceiling on the amount that can be earned. Although this falls short of the 2% you can get with the Fidelity credit cards from American Express, the 1.5% for non-category spending is high for a Visa or MasterCard.

Redemption: The cash back can be redeemed for the usual statement credits, checks, gift cards, charity donations, etc. The statement credits typically show up 5-7 business days after being requested. For gift cards and checks, it can take up to 30 days to receive them in the mail. With the Capital One Cash card there is an option to arrange for automatic redemption – when the account’s accumulated cash back reaches a certain amount, it will automatically be redeemed.

What it doesn’t offer?

This card’s main selling point is the 1% + 0.5% cash back program. If you like your premium benefits like credit card purchase protection and other perks, then the Cash card from Capital One is probably not for you. That being said, when accounts are approved with credit lines of $5,000+ they will be World MasterCards which do carry some additional benefits (though not up to par with what even the free AmEx cards offer). For credit lines below $5,000 the account will be a Platinum MasterCard which will have fewer benefits.

How does it stack up against competition?

For basic cash rewards, the Capital One Cash credit card lives up to its name and offers a good value. If you don’t spend money on groceries, travel, gas, clothing stores, and other frequently featured reward categories, then the 1.5% is a good choice.
On the other hand, most consumers with average spending patterns will probably come out ahead with any number of other reward cards on the market. With the unlimited 3% to 6% cash back offered on categories, the Blue Cash Preferred by American Express offers rewards which may average out to be far above 1.5% for many people. The Freedom by Chase with its 5% on categories is no annual fee option that may offer enhanced earning opportunity. However if you want the most bang for your buck, then the Starwood credit card offers the best rewards with a value that can often exceed 2% depending on how you spend your points.

Using Credit Cards In Australia (What Americans Need To Know)

when a reader sent me a question asking which credit cards are accepted in Australia, I knew that I could give a pretty good answer but not provide the kind of in-depth information that a native Aussie could. Fortunately, I happen to have a buddy from there (who is also a fellow credit card blogger) and passed the question off to him… this is probably the 4th or 5th guest post ever accepted in the 2 year history of the onlinebdinfo.blogspot.com

It can be the journey of a lifetime making that special trip Down Under: getting prepared for the long-haul flight, packing clothes and reading up on Australian slang so not to confuse a ‘dag’ with a ‘dill’. It also pays to know how American credit cards fare in the land of koalas and kangaroos.

1. Accepted in Australia

MasterCard and Visa are both widely accepted in Oz, as they are all around the world. Diners Club cards have an agreement with MasterCard so they can be accepted at nearly 25 million locations worldwide. But what about American Express, the credit card so synonymous with the USA that they account for 24% of the total dollar volume of credit card transactions in the US? There is limited acceptance of AmEx in Australia; the company tends to charge retailers more to accept their service, which puts a lot of businesses (particularly small family owned operations) off the idea of accepting them. If you have a Discover credit card, leave it at home. It is not accepted in Australia, although they are working on it.

2. Not Accepted in Australia

Australia is similar to the USA in that credit cards are generally accepted in most locations, although you might find your card being refused by smaller retailers. Check beforehand, by either looking for signs or asking the store assistants. Smaller hotels and guesthouses may not offer credit card facilities and other places listed that sometimes don’t accept credit cards include some restaurants, cafes, fitness clubs and even tattoo parlors. There are some taxi companies which don’t accept credit card payments either (not even Visa), so be aware of how to pay for your services or products.

3. Fees

It is common for credit card issuers to charge from 1% to 3% for purchases made in other countries. If you are using your credit card for every purchase whilst on vacation these charges can quickly mount up. Use a card that offers a low currency conversion fee or even one that has 0% on foreign transactions, like the Chase Sapphire Preferred. Capital One has a number of cards which don’t charge foreign transaction fees and the VentureOne offers miles as a reward, handy if you want to check out Tasmania or New Zealand whilst visiting Australia. Another credit card which has no foreign transaction fee is the HSBC Premier World MasterCard.

4. Store Charges

Generally, you shouldn’t get charged extra for making a purchase in a store if paying with a credit card. However, there are some stores which will charge you for using this payment method, so look for signs warning that charges will be made or ask the cashier before using your card. There have been reports of some places charging up to AU$3 (~US$3.18) just to use a credit card to pay for goods or services.

5. Crime

Credit card fraud costs the main credit card issuers over $1 billion a year in the US alone. One method is called skimming: a device reads the magnetic strip on the card whilst the user is at an ATM. Hidden cameras record the security number being typed in and that’s all a fraudster needs to start accessing an account. Avoid ATMs that look like they have been tampered with and make sure you shield the keypad with your hand when keying in your PIN. Australia has dated card technology and this has been exposed by Eastern European criminal gangs who know how to exploit this situation. You can improve your security by applying for a card such as the JP Morgan Select visa signature credit card. This card has extra security features and is ideal for using in Australia as it has no foreign transaction fee.

Tips for Using Your Credit Card in Australia

Here are a few tips gleaned from CreditCardCompare.com.au’s (an independent comparison website based in Australia) learning centre.

• Before you leave, contact your credit card issuer and inform them about your vacation plans. Irregular spending in a foreign location can set off security measures which temporarily lock your account.
• Shop around credit companies before you leave. Try and find a card that has a 0% or low foreign fee rate.
• Consider taking a prepaid debit card in case your credit card is not accepted.
• Try not to withdraw cash from an ATM with your credit card if you can, to avoid cash advance fees.
• Check the exchange rates. If paying in Australian dollars works out more economical than US dollars, then don’t be fooled into paying in US currency.
• Have your passport with you when making a credit card payment.

This post was contributed by Andy Boyd who is a Co-Founder at CreditCardCompare.com.au, one of Australia’s top comparison websites for credit cards, where he has critically reviewed over 100 cards.

How to use a Payoneer Debit Card in India

I've been working with Odesk for almost two years, and got started with Guru dot com just last week. And somehow the dream of making a decent living from the comfort of my home has been struck down again and again by Paypal, one of the most popular forms of payment on the internet.

Somehow this has been the bane of my life since January 2009, wondering if the payments will drop into my bank account at HDFC which is a damn good Indian bank, comparable to banks across the world.
Not only has been really annoying, frustrating and so on and so forth causing me to wonder whether I made a good choice by moving away from Instructional Design  to freelance writing, I'm still confused as to whether Paypal will finally resolve its issues that it currently has with Indian banks at the moment.

However, Odesk, being as cool as it is... sent out a group mailer for independent contractors in India to take another payment option called Payoneer, by waiving off the $ 10 fee.
I took this chance instead of waiting around like I have for the past couple of years.Of course, which worked out for the better. Here are some steps if you are struggling with payment from Paypal too (just try it!!):

STEP 1: You have to apply for a Payoneer card, through whichever freelance service you use. and you'll get the card about 15 to 20 days later, not unless you live under a rock!

STEP 2: You have to go to your account (which you should have created earlier) at the Payoneer website, and enter the card number (that you have received) as well as a four digit PIN of your choice. Keep that PIN safe!

STEP 3: Next, transfer the money from your freelance service to Payoneer by selecting the appropriate payment method, for which you might incur a $2 fee depending on which site you use. (I transfer it from Odesk to Payoneer)

STEP 4: Once the funds appear in your Payoneer account (almost immediately!), proceed to load it on to your card. Now there are two options here, the first of which being loading the money onto your card (which will cost you about $ 2.50) within two hours or the second option which will load the money onto your card in two business days with no transaction fee.

The next set of steps include withdrawing money from an ATM in India.

Background: For some reason, I trust ICICI as a bank even though I don't have an account, and continue to loathe the nationalized banks (such as SBI, SBH, PNB and so on and so forth). Personally, I feel they're in the dark ages.

Anyways, this is what I did, to receive funds accordingly. I first made sure that the money was indeed loaded on to the card, by checking the balance (in dollars) at my Payoneer account.

STEP ONE: I found the nearest ICICI ATM which had an facility where the machine ONLY required you to swipe and remove the card immediately. Don't use ATMs that take in your card, as it might not give it back to you if there are some issues with transactions.

STEP TWO: Once you swipe the card, select the 'Current' option, and NOT the Savings account option. You'll lose 90 cents every time you do this...

STEP THREE: Enter the PIN (you selected) and the amount of money that you'd like to withdraw.

STEP FOUR: You'll receive the money promptly. Enjoy!

NOTE 1: A transaction fee of $ 2.15 (roughly about Rs. 120) is charged for every transaction, so ensure that the withdrawals you make is a sizeable one, perhaps keeping the number of transactions a month to about 2-3... which is how much a bank would charge you in service fees anyways etc.

NOTE 2: Also note that a one-time charge ONLY of roughly $9 to $13 (about Rs. 650) will be withdrawn from your account for the first transaction.

NOTE 3: Please also remember that for using this card, the bank charges you about $4 a month, and I consider it to be minimal as I don't have to consistently worry about maintaining a balance, as I'm a big and erratic spender ;)

For those with doubts about switching to Payoneer, don't harbor any... it works very well, only if you follow these steps properly in India. Good luck and more money to you...

PS: Thanks Odesk.

Personal experience with Payoneer Prepaid Card

Payoneer Prepaid MasterCard Experience and Story from Bangladesh:

I had posted an article about Free Payoneer Prepaid MasterCard some days ago. I have got my Payoneer MasterCard in my hand today. I am going to share my experience so far about Payoneer MasterCard with my audience.

Well, I am writing from Dhaka, Bangladesh and a brand new Payoneer MasterCard is now in my hand. I was sponsored by infolinks as you already know you must need a sponsor to apply for a Payoneer MasterCard. I created an account in payoneer.com through infolinks.com. Within 2 days of the creation of my account, they approved my account and sent the card to my address through normal mail. It took around 33 days to reach the card in my hand.

The Card has been issued by Choice Bank (CA) and was licensed by MasterCard International. This debit card can be used for both online and ATM purpose. You can purchase products from internet or pay any amount from your available account balance. You can withdraw money from your local MasterCard supported ATM Booth too.

The card has the validity of 3 years from the month the card was approved. The look/design of Card depends on your sponsors. Usually the sponsor’s logo and color is in the front side. I have infolink’s color and logo in my card’s front page and the back side is designed with white color. The card number contains 16 digits. The card number, card holder name and sponsor’s name are written in the front side. There is a verification code with 3 digits in the back side which will be needed to put while using this card o net.

I had to activate my card by putting the card number and a PIN. The PIN contains 4 digits and it is needed while withdrawing money from ATM booth.

Pricing and Fees of Payoneer Prepaid MasterCard:
It depends on sponsors. I am mentioning here the fees of infolink's sponsored card.

Card Activation cost: $6.95.
Monthly Maintenance cost: $3.
Card replacement (if needed): $12.95.
Cash withdrawal from ATM: $2.15.
Balance inquiry from ATM: $.90. (you can check free from your payoneer account)
Balance decline from ATM: $90.
Loading of partner payment: $2 .
Bank account setup fees for deposit: $4.95

I am excited to use my Card. I will let you inform about further usage of my Card. Keep your eyes here.

6RT6ZP9CPRMG

How to get a Payoneer Prepaid MasterCard

Eligibility of becoming a Payoneer Cardholder

• You need to be 18+ to become the cardholder
• Having a bank account is not essential as it is a prepaid card
• You must have National ID/Driving License/Passport as you need to put the ID number
• You must apply through a sponsor 

How Payoneer Card will be ready to use:

When you order a card through a sponsor, your application goes under review and if your card is approved, they send it immediately. This process takes up to 3-4 days. The arrival of cards depends on your location. As Payoneer says, it takes up to 12 business day inside USA and 30 days outside USA. After you getting the card in your hand,you need to log in your account with user name and password and activate your card with card number and PIN. Card number will be written on your card and you will have to choose a PIN yourself, which will be needed while taking out cash from ATM's.

Payoneer Card fees and Pricing

Though Payoneer is committed to give the best service with lowest cost, still you need to pay fees for some certain things like activating the card, for the first load, withdrawal cash from ATM, monthly card maintenance, card replacing etc. The fees pricing are different according to the sponsor. After you registered, logging in you account, you will find a tab about pricing and fees, there you can get all the required information.

To Apply for a Payoneer Prepaid MasterCard You have to Access through a Sponsor's Site

Related Articles:

• What is Payoneer MasterCard
• Payoneer MasterCard Sponosrs
• How to get a Payoneer MasterCard

Payoneer Prepaid MasterCard Sponsors

Payoneer Full Sponsors list:

To become a cardholder of Payoneer you need a sponsor. There are quite few sites, are providing the cards.

Odesk Payoneer Card

• Odesk.com
• Bux.to
• Infolinks.com
• reviewme.com,
• elance.com,
• plimus.com,
• 2checkout.com,
• iStockPhoto.com
• getafreelancer.com,
• scriptlance.com.
• buy.at
• mediashakers.com
• istockphoto.com
• americarena.com
• tripleclicks.com
• roirocket.com
• veer.com
• kyani.net
• avangate.com
• conduit.com
• visalus.com
• dreamstime.com
• rentacoder.com
• ethoseu.com
• mediawhiz.com
• convert2media.com

The list is getting bigger day by day.
Some are providing the card with free shipment, some are putting a charge. Like Odesk.com and infolinks.com are proving with free shipment, bux.to charges $50.

Related Articles:

• What is Payoneer MasterCard
• Payoneer MasterCard Sponosrs
• How to get a Payoneer MasterCard

Payoneer Prepaid MasterCard

Payoneer Prepaid Master Card - Online payment solution for Bangladesh and Worldwide

The people, who are searching for a Visa/MasterCard for online use, will be very happy to know they can grab a prepaid MasterCard for FREE. Yes, Payoneer is providing this opportunity to get a Prepaid MasterCard for both online and local use. You can purchase or get payment by using Payoneer Prepaid MasterCard, just like other credit/debit cards. The greatest of matter about Payoneer Prepaid MasterCard is, it is available for all countries. Load Money and Use- it’s as simple as water.

Who is Payoneer

Payoneer does market and service of MasterCard. Payoneer is a registered Merchant Service Provider of MasterCard and doing this business since 2005. It is currently working with Choice Bank. The headquarter stands in New York, USA.

Payoneer Prepaid MasterCard for Bangladeshi

The people of Bangladesh will be highly delighted to know about this service. Those who are working online, especially the freelancers and webmasters, need to have an online usable Card to purchase things or getting payment. It’s really difficult to get an online usable Credit card in Bangladesh. Especially those who are students; just started working online can not get a Credit card. To grab one, all needs to show a secured job. Plus there are high annual fees for the card to be used. All these are not affordable and suitable for a student. It is not only creating problems individually, the country is also losing a great amount of foreign currency. Bangladesh is losing outsourcing work for this lagging. Even a customer needs to make another account with foreign currency to use his Visa/MasterCard online. Still Prepaid or rechargeable cards are not available. American Express is available for corporate use only. In this situation, Payoneer providing the best option for Bangladeshi online workers.

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