Payeer is a payment system and electronic wallet that allows you to pay for services, transfer money, and buy/sell crypto.
This company was founded in 2012, and today provides its services to everyone.
In this Payeer review, I will analyze the main points you should know about this company before you register.
Pros and Cons of Payeer
|The company is authorized and regulated by VFSC.||Technical support only through tickets (no chat or phone).|
|Free account maintenance.||They could incorporate more cryptocurrencies to the platform.|
|Low commissions on transactions, payments, deposits/withdraws.|
|Excellent platform to buy and manage cryptocurrencies easily.|
|Payment system for merchants very convenient.|
|Available in more than 127 countries.|
|Very good app reputation on Android / iOS.|
Fees: Payeer Review
|Mass Payments to Payeer Account||0.95%|
|Payments to another system||Between 0-5%|
|Merchants||0.95% (client pays)|
Payeer is one of the companies with the lowest rates for payment processing.
First, the account maintenance is completely free.
In the case of deposits and withdraws, the amounts vary between 0 and 5%, depending on the payment system.
For mass payments for Payeer accounts, the rate is 0.95%, but it is paid by the customer (you don’t pay the commission).
Then, in the case of payments to other payment systems, the rate varies between 0 and 5%, depending on the platform.
And finally, for those who use Payeer as a payment system on their website (merchants), the rate is 0.95%. But this rate is paid by the customer.
So, compared to other payment systems, Payeer has really low rates.
Payeer is an excellent online wallet for cryptocurrencies.
The currencies available to buy/sell are Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, Tether, and XRP.
To make a purchase or sale of cryptocurrencies, simply go to the “Exchange” section and fill in the data.
To buy or sell, you can do it with your money in the account of USD, EUR, RUB, or another cryptocurrency.
On that page, you will see the final amount you will receive in your account. A 0.95% fee applies to these transactions.
In fact, it is one of the easiest ways to acquire cryptocurrencies. You just have to create a free account, deposit money, and buy crypto. That easy.
For those lovers of trading, Payeer also has its own trading platform with crypto.
The currencies on which you can trade are Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Tether, Ripple, Payeer RUB, Payeer USD, and Payeer EUR.
Trading is a tool with which you can make a lot of money, but you must have experience with it.
Trading commissions are 0.25% as default, but 2.95% for high-risk users. In the case of fiat currencies, the commission is 0.95%.
It also has a minimum commission of USD 0.01 / EUR for all transactions.
Payeer Review: Limits
The limits of the Payeer account depend on each account.
Generally, for an unverified account, the daily transaction limit is $ 2,000.
When you verify your account, the limit is extended.
To extend your Payeer limits and enjoy all their benefits, they may ask you for account verification.
This verification is to ensure maximum safety for you and the system.
In most cases, verification is done by submitting an identification such as a passport or driving record.
In some cases, they can ask for a residence certificate or invoices in your name (such as gas, water, or telephone).
You should always make sure you are over 14 years old and send true information. If you don’t comply with this, they can terminate your account.
You can’t edit the image either. You must make sure to send a high-quality picture.
Payeer offers its services to 127 countries worldwide.
However, in some countries, you cannot submit documentation to verify your account.
Countries not supported by Payeer are Afghanistan, Jordan, Egypt, Iran, Iraq, Kuwait, Lebanon, Libya, Syria, Oman, Somalia, Pakistan, Palestine, Sudan, and the USA.
Payeer for Merchants
Payeer offers a very attractive solution for merchants.
With Payeer Merchants, you can accept payments on your website or online store.
You can integrate this function with many platforms such as WordPress, Magneto, Joomla, or many more. You can also incorporate it manually if your website is made in HTML.
The payment methods you can receive on your website are:
- Credit cards: VISA, Mastercard, Maestro, MIR.
- Payment systems: Payeer, QIWI, Advcash, Yandex.
- Banks: Alfa-Click, Cash Moscow.
- Wallet: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, Ripple, and Tether.
You can integrate this service with just having a Payeer account. The commissions are 0.95% per transaction and are paid by the customer.
This service is much cheaper and simple to use than others like Paypal.
In case you want to use it as a virtual wallet, or cryptocurrency wallet, you can deposit money to your Payeer account.
Deposit methods are:
- Credit cards: VISA, Mastercard, Maestro.
- Payment system: QIWI, Advcash, Yandex, Bitcoin, Litecoin.
- Banks: Cash Moscow
Some deposit methods depend on the country in which you are.
To withdraw your money, you can do it with the following methods (commissions are placed in parentheses):
- Payment systems: Payeer (0.5%), QIWI (2.99%), Yandex (2.99%), Advcash (1.99%)
- Banks: Visa (2.99% + $ 6), Mastercard (2.99% + $ 5), Ukranian bank (3.9% + 35₽).
- Cryptocurrency: You can withdraw to your own wallet address.
Transfers are instant, and commissions are very low.
Some withdrawal methods depend on the country in which you are.
Payeer also offers an App for Android and iOS.
On Android, the application has more than 11 thousand ratings with a rating of 4.5 / 5. On iOS, it is rated 5/5.
In this application, you can manage your Payeer money, send and receive payments, buy/sell cryptocurrencies, and even use the trading platform.
In fact, all the functions that are available on the web platform are also available in the app.
So it is an excellent application.
Payeer support works through tickets.
From your account, you go to “Support” and send your inquiry.
The support team is very good and helps you solve all the problems.
It is a disadvantage that they don’t have customer service through live chat or telephone.
Security: Is it a reliable platform?
All payments and transactions within the Payeer platform are secured by DDoS-attacks protection via Vistnet.
Also, Payeer is authorized and regulated by the VFSC.
Therefore, Payeer is considered to be a secure and reliable platform to operate with payments and credit cards.
Payeer is the commercial name of the company Paycorp Limited and Fincana Limited.
Paycorp Limited is a company registered in Vanuatu, and Fincana Limited is registered in Estonia.
This company is regulated and authorized by the Vanuatu Financial Services Commission (VFSC).
Since its foundation, it has been dedicated to providing benefits and solutions for individuals and businesses.
This company offers its payment services worldwide (127 countries).
Today, more than 10,000,000 people trust Payeer and its services.
Payeer Review: Best e-Wallet for Payments and Crypto?
So is Payeer a good electronic wallet?
Yes, Payeer is an excellent e-Wallet to make payments, transactions, and acquire cryptocurrencies.
On its platform, you can purchase 7 different cryptocurrencies, and likewise, you can sell them whenever you want.
Besides, it has many benefits for merchants. By integrating the payment system into your website, you can receive payments quickly and easily.
So, to finalize this review of Payeer, we affirm that it is a great payment system and a virtual wallet.
If you don’t have an account yet, you can create one now, it’s totally free!
What is Payeer?
Payeer is a payment system and electronic wallet to make payments, buy/sell cryptocurrencies, and transfer money. It is a company founded in 2012, which today offers its services to everyone.
How are Payeer’s commissions?
Account maintenance at Payeer is free. Payeer charges small commissions to exchange cryptocurrencies, send/receive payments, or deposit / withdraw money. Their commissions are the lowest concerning the competition.
Can you buy cryptocurrencies with Payeer?
Yes, with Payeer you can buy 7 cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Dash, Ripple, Litecoin, and Tether. With Payeer, you can store cryptocurrencies in your account easily.
What are the benefits of opening a Payeer account?
Opening an account with Payeer is free, has very low commissions, you can buy cryptocurrencies instantly easily, and receive/send payments worldwide.