Payeer - wallet, access to the account, registration in the system
The main features of Payeer
Payeer offers international transfers between accounts in USD and EUR currencies. It also offers instant transfers in crypto currencies such as BTC, ETH and DASH. They also offer an exchange service that allows customers to exchange any currency with the market rate without limitations.
Verification of account and registration
Registering with Payeer takes only your name, E-mail address and 30 seconds. You can use most services with no need to verify your Identity. However, if you wish to be extremely verified, upload a copy your international passport or national identification card together with any acceptable proof of address document, such as a utility bill or bank statement, within the last three months. This may take up to seven business days.
Deposit, withdraw and transfer
Payeer doesn't offer any options to deposit USD into your account. However, you can deposit USD through AdvCash with a USD deposit fee of 2% or Yandex money with a RUB deposit fee of almost 10%. You can also deposit BTC for 2.5%.
If you wish to deposit your Payeer USD account using your credit card, you will need to first deposit your RUB account. Then you can exchange your RUB for EUR or USD.
Transfers between Payeer accounts are subject to a fee of 0.95%, which is lower than other payment systems.You can withdraw your Payeer money by credit card at a 4.5% + 5$ withdrawal fee. You can also withdraw it Qiwi, Yandex Money, or Advcash for a 2.9% withdraw fee. Or you can choose to withdraw your crypto currency to any supported currency at a fixed fee of 0.001 BTC.
Account protection & security
Payeer uses an active SSL protection license for login details to encrypt them but it is not very strong to protect your money because there are no layers to your account that can either protect pin codes or authentication. So if someone knows your password, they can easily steal it and you won't be able to retrieve it. It's highly recommended that you choose a strong password if your plan to store any money with Payeer.
Payeer defects
Payeer has a number of problems, starting with very high fees that are higher than other services. This makes it only good for money transfer and withdrawing.
It is also not ideal for people who do not live in Russia, but have credit cards in RUB currencies.
Final note: The Verification process can take a while and you might need to send your data again, which is not something that you want.
Review summary
We give Payeer a moderate rating. They have great features such as the ability to use multiple currencies wallets, make exchange fiat and cryptocurrency with ease, and the possibility to withdraw and deposit USD and EUR currencies. However, they have some negative features like high fees and week protection. This makes it an inefficient choice for sending money internally and for ecurrency exchange.
Payeer Wallet – Review and Reviews
Although the system was initially registered in 2012 in Georgia, its offices have been opened all over the world, including Russia.
It is easy to see why the system has seen such rapid growth. The payment system adapts quickly to new trends and provides users with a large selection of top up funds. You can also transfer money virtually anywhere and help to build your business online.
- Payeer, the first and most important one, is great for sending money between countries and systems. Wallet supports funds transfer to nearly all major payment systems around the globe. It can be used to transfer money to card and bank accounts, or to the SWIFT system. The recipient does not have to register for the system in this instance.
- Payeer also offers a lot of functionality that is very useful for businesses. Payeer has one of the most advanced merchant terminals available, which allows you to accept payments from all over the globe in many different ways. You can also make large transfers from your account. This makes it easy to pay employees salaries. The affiliate program increases business opportunities.
- The system is thirdly anonymous. If you don't use the business opportunity Payeer for your identification, it is not necessary. An anonymous account has certain limitations. SWIFT transfers cannot be supported. You can't replenish your Visa card account or limit the number of Payeer Mastercard card transactions.
- Fourth, Payeer is more open to cryptocurrency than other systems. The wallet can store Bitcoins, Ethereum, Dash and Bitcoin Cash (ABC), as well as many other coins. It also has its own cryptocurrency exchange that is in operation since 2018. Payeer has been operating since 2018. It is a convenient way to buy cryptocurrency and a platform for trading.
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