Wanna make some extra money by joining the Payoneer Refer a Friend program? This post will teach you how you can become a Payoneer affilia...

How to Earn money with Payoneer Refer a Friend Affiliate Program

Wanna make some extra money by joining the Payoneer Refer a Friend program? This post will teach you how you can become a Payoneer affiliate and make $25 within a few months. Update: For everyday users the bonus reward is great because it can be used to cover Payoneer’s maintenance fees. However, as an affiliate I have found Payoneer’s refer a friend program to have a very low conversion rate. The conversion to sign up ratio  has been surprisingly and extremely low. So far, its nowhere near profitable as other programs from companies like Hostgator, Bluehost etc. However, since I am relatively new the Payoneer’s affiliate program, I hope to see the conversion  pick up in the coming days/months. I will keep updating my results. Right now, Payoneer doesn’t provide affiliate marketers any features to check the status of their referrals, meaning  you will have to use your own tools to track everything. However, they are planning to add a new dashboard for affiliates in the future.

Before learning about how you can make referral money with Payoneer Refer a Friend affiliate program, let’s take a look at what services you get with the Payoneer MasterCard.

Payoneer MasterCard is a popular option for freelancers and publishers to quickly and safely withdraw online earnings. Popular freelancing websites like Odesk, Elance and Freelancer allow you to easily add Payoneer as your withdrawal method, and withdrawal can be made either within hours or within two days.  With a Payoneer account you actually get a Bank of America Checking account and you can use this account number to receive payments from thousands of  companies from around the world-eg: Commission Junction, Amazon, Paypal, InfoLinks, AdStract and so on.  You will also be able to transfer payments from your Payoneer account to another Payoneer account but this  feature might not to be available to non-US citizens of some countries.
Another benefit, specially for non-US customers who don’t have access to other online payment methods, is that Payoneer MasterCard can be used to pay for purchasing stuff online- this includes buying hosting plans, domains, app from App Stores, and anything from online retailers like Amazon.com, Ebay, BestBuy, Walmart etc. Payments made by using the Card doesn’t carry any fee but if you plan on withdrawing money from ATMs, you will be charged ATM fee + currency conversion fee if reside outside US. There is also a monthly/yearly card maintenance fee which you will need to pay to activate your card. Despite the fees, Payoneer is still a great option to withdraw small amounts of cash swiftly- other methods such as Wire Transfers take much longer.

Read: Best Withdrawal Methods for Freelancers.

While it’s a convenient option for withdrawing funds, Payoneer also let’s you make money through it’s Refer a Friend program. After you sign up and activate your Payoneer account, you are an official Payoneer Affiliate- meaning you are eligible to earn money through referral to friends, families, followers etc. The cool thing is Payoneer doesn’t have any stringent requirement for participating in its Affiliate program. Once you sign up and activate your MasterCard, you are provided with a referral link and any sign up that occurs via that link will earn you as well as your referee $25.  Now that may not sound like much but if you have contact with a bunch of people who are likely to use Payoneer MasterCard on the long run, you can actually earn hundreds or even thousands of referral dollars. You should however know that the earning will not come fast because you will only be rewarded for valid referrals and only active accounts count as valid referrals.

Also, you and your friend will earn $25 only after the latter loads at least $100 into his/her account.  Since the whole activation and loading time may take longer for some individuals, it might take a month or two before you earn your first Payoneer affiliate income.