Payeer- what is Payeer and how it works?

If you want to work with crypto you also need a Wallet. payeer is one of the best choices. but, what is Payeer, and how it works?
Payeer is an e-wallet that can be used to fund accounts in professional earning programs.

This tool has a built-in exchange office that allows you to make payments between many different systems.

Its characteristic features include the irreversibility of all transactions.
In this post, we will explain all things about payeer like rules to use, fees, features, and all other things.

What is Payeer?

Payeer is an internet wallet designed to handle cryptocurrencies and fiat currencies.

This tool appeared on the market in 2013 and continues to enjoy great trust among users.

The vast majority of investment programs and professional profit-making websites use the services of this payment processor.

Payeer offers a built-in payment exchange for systems such as MasterCard, VISA, or Paypal.

All transactions made with the wallet are irreversible.
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

history of Payeer:

Payeer is an electronic wallet system that operates internationally.

It began its work in 2012 on the territory of Georgia with representative offices in the UK and Russia, and in 2015 it became one of the most popular payment systems.

During this time, hundreds of thousands of users have registered in it.

For now, about 9 million accounts are registered in the electronic payment system.

According to the monitoring statistics, the site is visited by more than 4,000,000 people monthly, which indicates its popularity.

It is used in 200 countries, which allows payments to be made all over the world.

Using the system, you can not only pay for goods and services, as well as deposit and withdraw funds in one of the most convenient ways for yourself,

but also use Payeer to do business. For example, connect the site to the system and accept payments from customers from all over the world.

From 2020, changes will come into force that relates to the regulation of the turnover of cryptocurrencies,

which means that when withdrawing funds through most licensed payment systems,

users will have to declare their income and pay taxes.

If supporting documents are available, tax is charged on the difference between the sale and the purchase.

In the absence of documents, tax payments are charged on the entire transaction amount.

Also, Payeer issues its own payment card – it allows you to pay and withdraw cash anywhere in the world without commissions. Also, you can transfer funds even to a user who is not registered in the Payeer system.

Payeer is available not only for desktop but for Android and iOS systems.

All the information users can read in 5 languages: English, Russian, Spanish, French, and Chinese.

Payeer wallet

Payeer is an e-wallet that can be used to fund accounts in professional earning programs.

This tool has a built-in exchange office that allows you to make payments between many different systems.

Its characteristic features include the irreversibility of all transactions.

This processor offers a relatively low commission for the turnover, which makes it a good alternative to many more expensive internet wallets

. Payeer is useful both for amateurs earning money online or e-marketing specialists, as well as for people who regularly shop online.

The advantages of this e-wallet include high transaction security as well as 24/7 technical support.
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, and 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.

Payeer’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:

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 – functions, and possibilities

Payeer online wallet supports cryptocurrencies and fiat currencies, as well as most traditional currencies.

This tool allows you to both deposit and withdraw funds.

Users can obtain a Payeer Platinum MasterCard credit card, which allows them to withdraw cash from ATMs and make standard payments.

This processor also offers a 6-step affiliate program, where the commission is calculated from partners based on turnover – up to $ 100 you can get 10%. After creating an account,

the user receives his referral link, thanks to which he can recommend the Payeer platform to his friends.

This option is available in the Referrals tab.
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, and 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.

Features

In the Payeer system, you can create an anonymous and verified account.

The only difference is in the level of trust in users. In this case, the possibilities are the same:

payment for purchases in online stores;
making international transfers;
automatic currency conversion when transferring from one internal account to another.
currency exchange at the internal rate or on the stock exchange;
SWIFT payments.
organization of payment acceptance on your website (available for Business accounts);
earnings on the affiliate program.

Taking into account the reviews about Payeer, the following advantages of the system can be distinguished:

Anonymity. Verification is provided voluntarily. Most users prefer to create anonymous email accounts.

Accounts are verified mainly by businessmen who connect Payeer to their websites.
Convenient interface. Many services have outdated sites with complex interfaces.

You have to search for the information you need for a long time, which does not suit users.

The owners of Payeer wallets note that the site of the system looks much more presentable compared to others.Instant international transfers.

Pros:

The payment system is used by people from many countries since instant transfers are available to them regardless of the time of day and the country of destination of transfers.

This is ensured by the use of modern technologies aimed at high-speed data processing.
Extensive functionality. You can not only transfer money.

An internal currency and Bitcoin exchanger are provided at a favorable rate, as well as payment for the most popular services.
A wide range of deposit and withdrawal methods.

There are over 100 options available to top up your wallet.

A similar number of options are offered for withdrawing money.
Safety. One of the most important points that people pay attention to when choosing a payment system.

Everything is in order with security in Payeer: a multi-level data protection system is provided, including a master key.
The only considered disadvantage of Payeer is the commissions for replenishing the wallet.

The transaction is charged up to 5% of the amount.

It should be noted that this disadvantage is compensated by the fact that the commission for internal transfers is reduced to 0.5%

Referral Program

Each user of the payment system can receive additional income from attracting people to Payeer.

The service has launched a multi-level referral program. Under its terms, partners get up to 25% of Payeer.com’s income.

But recently, the payment system has increased partner deductions to 40%. Their value depends on the amount of funds spent by the users you attracted.

The current affiliate percentage is displayed in the “My referrals” section. The initial value is 10%

Payeer fees

Carrying out individual operations in the Payeer online wallet requires the payment of certain fees.

Transferring funds to another user’s account is free, but receiving money from another payment processor is charged with the collection of a small part of the entire amount – 0.95 percent. The fees also apply to currency conversion,

e.g. from EUR to USD – in this case, the cost is 2%. Specified amounts are also charged for password recovery, up to $ 50 if auto-reminder is turned off.

In Payeer you also have to pay for SMS verification – the cost of this service is $ 0.01.

The fees are also related to deposits and withdrawals via bank transfers. 0-3% is charged for a deposit and 3-5% for a withdrawal.

Payment by credit card is subject to a commission of 3%, while for the execution of the transaction through the selected payment system – 3-5%. Keeping an account in Payeer is free of charge.