Payeer - what is it and how does it work, how much are the fees?

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Tokeneo
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3 min reading

Payeer, an online wallet that allows you to store both fiat currencies and cryptocurrencies. Find out how it works and what are its greatest benefits.

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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 what is this?

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 relatively low commission for the turnover, which makes it a good alternative to many more expensive internet wallets. Payeer is useful both for amateurs of 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 - 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 on the basis of turnover - up to $ 100 you can get 10%. After creating an account, the user receives his own referral link, thanks to which he can recommend the Payeer platform to his friends. This option is available in the Referrals tab.

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.

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