If you have an online business or if you are freelancer that working directly with customers then, sometimes you’ll have customers from Europe. Of course, you can get bank account from local banks but you’ll meet with some problems like Tax, International transfer commission and others.
As you know Payoneer amazing payment service that allows you get payments from your customers and from different platforms. If you don’t know how Payoneer works then read this post. This service very useful for those people who can’t receive payment with Paypal.
When you will register with Payoneer they open for you new American bank account and will send you prepaid Master Card. With this details, you can receive payments from American companies in USD currency.
But what to do if your customers from Europe and they want to pay you in EUR. Payoneer also has a solution for this. You can also open a new bank account in Europe local bank and get a plastic card in EUR currency.
Unfortunately, you can’t open it yourself. To get a new bank account go to help section and connect with support through online chat. But before you need to remember your secret questions answers as support staff will ask you answers to your security questions. After security check, tell to the support that you want open EUR account.
They will easily open EUR account and will send you new plastic card just in few minutes. Depend on your country you’ll get a different type of accounts. They can open for your bank account or instead they will offer you plastic card details. For me, they offered plastic card details in Bank WIRECARD that located in Germany.
Just remember that you can get only Sepa type of transfer that supports only European local banks. Also, you can get payments only in Eur currency from European companies. You can’t get payments from individuals. To receive payments from individuals you can choose transfer between Payoneer users.