Are you an individual conducting business across borders and the monetary spectrum? In India, though the culture was accepted a little later than the western part of the globe, freelancing trends are now rising fast. More people have decided to freelance, particularly since the Covid-19 pandemic.
There are about 1.1 billion freelancers worldwide, out of which an estimated 15 million freelancers work in India.
We are here to ease your work our ✅PingPong Vs. Payoneer will surely help you choose the platform for freelance payment solutions. But which one of these is our best pick?
A growth of 22% is observed in freelancing jobs from January 2019 to 2023. The new generation service on the fintech block is for you. With Payoneer and PayPal paving the way for cross-border payments, it’s time to bask in the glory of PingPong. This new service for cross-border payments enables a much faster and cheaper way of transaction. As the world economy progresses towards a complete virtual presence, this new service at a cheaper transaction rate is the key to growth and stability.
PingPong Vs. Payoneer 2023: The ultimate comparison
Payoneer users find themselves content with services provided. But as the technology and the market progresses, there is a need for improvement and adaptability to the current trends.
The solutions offered by Payoneer are Local Currency Accounts, Marketplaces, and Networks. It also offers Store Manager(to see all your payments from multiple store payments across many marketplaces), Label your stores to make it easier to keep track of your performance, Download payment data, and analyze trends to see which stores are generating the most revenue are remarkable.
It offers other services, including quick transfer, vast acceptable currencies, billing solutions(Request payments from your clients worldwide in just a few clicks & offer them several simple & secure ways to pay online), and many more.
Payoneer costs about 2% per transaction.
- Payoneer Global Bank Transfer India Review: – Is it Better then Paypal?
- How to receive U.S Direct deposit payment in India using Payoneer
PingPong has regenerated multinational opportunities for the people who have the hunger to reach and conduct investments, business, or any form of transaction, which helps them unlock the next level of ascension in their respective avenues. Hence a trustable and transparent service is a necessity.
PingPong checks out all in the list. With over $150 million transactions done on a daily basis and over 1 million users. The seamless transaction has been achieved across Amazon, Google, Shuttershock, eBay, Rakuten, Airbnb, and Shopify, just to name a few from a list of vast and significant platforms.
PingPong transaction fee is 1% all-inclusive. No hidden charges.
Some key points of PingPong; Accept international payments and money transfers; convert sales profits to your domestic currency at the best rate possible. Manage multiple marketplace profits under one platform pay VAT, GST, and other taxes, and avoid all the confusing conversion fees. Withdraw funds in INR, USD, GBP, EUR, CAD, AUD, and JPY directly to your local India bank account.
Funds are sent automatically to your India bank account at extremely affordable rates. PingPong supports Amazon in the following regions North America, Europe, UK, Japan, Australia, India, and Singapore. They accept payment from platforms all over the world by providing you with a virtual account; you can use it to receive payment. We also support receiving money from other currencies such as SGD, CNH, and HKD.
Signing up and using PingPong is a very simple process, child’s play as to speak. Your account is activated within a working day. Thereafter, you can start using the account for receiving payments from across the borders.
How does PingPong Works?
A virtual account is created in PingPong, which you need to add to your business Platform. The funds are transferred to the PingPong account.
In the next step of the process, funds will be transferred to your local bank account from the PingPong virtual account. Recently, PingPong launched an amazing opportunity for freelancers and sellers called The Leaders Program. It is a special membership program that appreciates our dedicated customers of the provided services. Esteemed Customers will have the opportunity to travel abroad. Based on business volume, the seller will get any one of the 4 international trips.
- Fly to USA or Europe with 2 days stay in 5-star hotels.
- Exotic cruise trip in Singapore.
- Experience serene Bali.
- Discover mesmerizing Dubai.
Benefits of PingPong
- Product/service benefits
- Best transaction costs
- Priority participation in programs (events, webinars, etc.) with PingPong partners (e.g.Google)
- Complimentary consultation for growth in new market places (USA, SEA, MEA).
- Chance to participate in yearly sales/seasonal promotions with, including additional perks
- Exclusive Feature on PingPong’s Global social media channels
- One-time feature in PingPong’s weekly newsletter
- Testimonial and brand story featured on PingPong website for a month.
- Special Accolades
- Special Greetings & Festive Greetings
- Surprise Rewards
- Safe & Secure
Excellent compliance towards the Global payment regulations. Each and every cross-border transaction of yours is secure with PingPong.
Withdraw money to your local bank account in local currency in 1-2 working days.
- Lowest transaction fee
A transaction fee is 1% all-inclusive. No hidden charges.
More than 600K clients are using PingPong to conduct cross-border transactions.
- FIRC(Foreign Inward Remittance Certificate)
Automatically receive Digital FIRC on each transaction.
- Licensing & Regulation
At PingPong, we care about your success as an e-commerce entity. We strive to be a trusted partner in your exponential growth. When you partner with PingPong, your transactions will be made on a secure platform in compliance with multinational financial regulators.
PingPong Europe S.A. (EU) is a licensed Payments Institution with The Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, which executes payment transactions and conduct remittances originating from throughout the EU.
PingPong Global Solutions Inc. (USA) is registered as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury, compliant with their guidelines and regulations.
PingPong is a member of JPSA (the “Japan Payment Service Association”).
PingPong Global Holdings Ltd. (Hong Kong) is a licensed Money Service Operations with Customs and Excise Department.
- Data Protection
Transactional services are regulated under the EU’s General Data Protection Regulation (GDPR) and the 23 NYCRR 500, the New York Department of Financial Services’ cyber security regulations. At PingPong, they cooperate with the Financial Intelligence Unit for each of the jurisdictions in which it operates and furnishes financial transaction reports when requested by any of the appropriate regulators.
- Partners in the USA/Canada load their PingPong account at no charge(Via Net-banking & Debit card)
- Money transfers from PingPong to PingPong account are FREE and in REAL-TIME.
- No limits to daily transactions
- Transactional charges are 1% fee to receive USD/CAD to INR
- Seamless and hassle-free Mass Payouts
- FIRC at no additional cost and auto-generated
- Further testaments of the growth,
In 2019, PingPong has processed the transaction of USD$10 Bn. PingPong Global Solution Inc., Indian Liaison of PingPong US, is approved by the Reserve Bank of India (“RBI”). Operating in India since July 2019 and is headquartered in Bengaluru, India.
The Unique Identification Number provided by RBI to our India Liaison Office is BGLO19008226.PingPong Global Solution Inc Foreign Company Registration Number (FCRN) is F06520 Online Payment Gateway Service Provider (OPGSP) – PingPong acts in India as an Online Payment Gateway Service Provider (as prescribed by RBI).
PingPong strives to provide excellent pricing and help our customers improve their profit margins. They believe in letting ecommerce sellers, freelancers, and service providers “Bring Home More Money”. PingPong redefined security contextual to subject qualifications, anti-money laundering and counter-terrorism financing, information and fund security, fund supervision process, and flow.
With the growing e-commerce global business opportunities for Indian sellers, PingPong truly believes and promotes Make in India to expand the cross-border e-commerce business. Thanks to the digital revolution, it glorified the online medium of purchase. Customers were happy to be engaged to this virtual platform seamlessly. Gradually, the ecommerce share of global trade shot up by 3%, from 14% in 2019 to 17% in 2020. The e-retail sales also accounted for 18% of total retail sales worldwide, expected to surpass 21.8% by the end of 2024.
In the world, Indian ecommerce is growing at a pace of 51% each year.
As a result, many small-scale and local players have entered the market to sell their products across the globe. This is not an easy feat when you cater to a large target market and compete with international entities. The sellers must strategies to conduct online selling to international customers effortlessly.
Cross-border payment services have become a hit after the pandemic. This allowed retailers to convert small businesses into leading companies. What added to the revenues are the low-cost payment services. PingPong is one of the safest multi-platforms cross-border payment service providers. The company promises to provide tailored cross-border payment solutions to ecommerce sellers and freelancers.
The payment solution provider allows the users to 2operate in multiple markets and make profits. They have made accepting foreign currencies fast and convenient. PingPong claims to be a payment processor that is the easiest way to receive global payments.
This service is the best alternative to the enlisted traditional methods:
Wire transfer, Payment Service Providers, Credit Cards, eWallet and, SWIFT GPI. Most of them charge a fee of around 4-5%, which is significantly higher than PingPong.
🌟 PingPong Vs. Payoneer FAQ
🤔What is PingPong?
PingPong supports payments in various currencies and offers an easy-to-use dashboard for managing our marketplace payouts. PingPong’s international and Indian teams work in real-time, allowing us to resolve any difficulties quickly.
🙄What is Payoneer?
Payoneer is a financial services firm based in the United States that offers online money transfers, digital payment services, and working capital to its customers.
🔎Is PingPong pay safe?
Yes, PingPong has set up reasonable safeguards to protect your information against any unauthorized use. PingPong will only use your information for purposes related to providing you with account service and support.
🧐How Payoneer works?
Payoneer is a payment platform that connects businesses with customers for online payments. Companies can send requests for payment or invoices directly to customers, who can pay online via a bank account or credit card
🔎Is Payoneer safe?
Payoneer is a legitimate, fully regulated US company registered as a Money Service Business in the United States (MSB). They’ve also been in business since 2005 and are PCI Level 1 Data Security Standard certified, which means they must maintain a high level of security on their network and systems.
Conclusion: PingPong Vs. Payoneer 2023 | Which service will you choose?
So to wrap up, the need of a payment service provider to facilitate fast and secure international transactions in context to global sales ends here at PingPong. Looking towards profitability, this cross-border payment service is better than the other options available because it saves up your hard-earned money and significantly improves the profit share.
Do not worry about the payments, as PingPong has its own security initiatives such as anti-cheat technology patents. This payment service provider has also engaged in partnerships with the top financial institutions and banks worldwide. As a result, you can have complete faith in the company to increase your profit margins like a fueled rocket reaching ultimate heights of certainty and progress.🤞🤞