PingPong Review: A Cheaper Payoneer Alternative


Are you utilizing Payoneer?

Then you definately may discover PingPong helpful and you’ll save some huge cash within the days to come back.

Companies like Payoneer, PayPal have achieved an impressive job encouraging on-line freelancing and making digital fee a breeze. The one draw back is, they take some huge cash as an alternative of facilitating transactions. For instance, PayPal might price as excessive as three.5% per transaction, whereas Payoneer prices about 2% per transaction.

That is the place the necessity of a greater and cheaper fee options for receiving worldwide fee arises.

Meet PingPong which is a far newer service in comparison with Payoneer or PayPal, however supply cheaper transaction price. On this overview article, I’ll let you realize about PingOong and my expertise with it.

PingPong overview: What’s PingPong?

PingOong is a fee answer for freelancers, digital entrepreneurs to obtain worldwide funds at a low price. You’ll be able to obtain worldwide funds from Amazon, eBay, Shopify, affiliate applications & freelance platforms.

When you join PingPong (It’s free to create an account), and full your KYC, you’ll have an choice to get the receiving checking account for a number of currencies.

On the time of penning this overview, these are the next supported currencies:

  • USD
  • JPY
  • EUR
  • GBP
  • AUD
  • SGD
  • CAD
  • MXN
  • AED

What it meant for you is, in case you are receiving fee within the above currencies from supporting platforms, you should utilize PingPong to obtain fee.

PingPong will cost just one% of the transaction charges, and they’re going to credit score quantity into your Indian checking account the very subsequent day (supplied it’s not a nationwide or financial institution vacation).

Since I exploit Payoneer to obtain funds from Fee junction, from a couple of Amazon affiliate accounts, I considered testing PingPong and switched from Payoneer to PingPong for receiving all these funds.

After testing this for six months, I really feel assured concerning the PingPong service. It not solely helped me save a ton of cash, it made the FIRC certificates technology a breeze (extra on this later).

Right here is how the dashboard seems like:

The dashboard is fashionable, and you’ll export the transactions in numerous codecs.

Free automated FIRC Certificates:

I’ve written about FIRC certificates earlier than, and it is a vital piece of doc that it’s best to have each time receiving inward remittance. Payoneer is one service that provides free FIRC certificates, and PayPal fees a nominal quantity for a similar.

Nevertheless, PingPong took this to the following stage by offering automated FIRC certificates, which you’re going to get through e-mail. This protects a variety of time, and it might be good if these alternate providers additionally make this course of computerized.

How is PingPong a greater various than Payoneer?

The most important differentiator is the charges charged by each the businesses. By utilizing PingPong you’ll save 50% on the charges, which is a big quantity. One other differentiator is PingPong affords automated FIRC which saves a variety of time.

Saying that the one draw back of PingPong is; it’s a new service in comparison with Payoneer, and thus it’s not as common correctly. Nevertheless, in my expertise of utilizing PingPong for the previous 6+ months, I didn’t have any drawback and repair appears prime notch.

PingPong additionally affords a profitable referral program the place you may earn as much as $35/referred customers. You could find all details about the referral program inside PingPong dashboard.

Be a part of PingPong

Total, I’m utilizing PingPong together with Payoneer, and PayPal. The place ever I might use PingPong I’m utilizing it to obtain cross-border fee, because it helps in saving vital cash.

Have you ever used PingPong service? Do share your suggestions and expertise of PingPong within the remark beneath.

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