Is there anything like a Payoneer payment gateway? The subject has always been a confusing one whenever it is brought up. Payoneer is one of the best platforms in the world for what it does, but the question of whether it is a payment gateway has always lead to a stampede and given rise to other questions.
Payoneer Payment Gateway
The answer to the above whether Payoneer can be used as a payment gateway will be answered in the course of this article. My advice for you, therefore, is to continue reading this article.
Well to get a better understanding of this topic, you need to know what Payoneer is and what a payment gateway is. Over the years many online store owners have wondered if they can integrate Payoneer into their online stores without getting the answer they want.
Some online store owners have even gone to the extent of trying to connect both platforms without any luck. To cut through the chase, I will be giving you the answer to the above question. Payoneer cannot be used as a payment gateway.
There is no payment gateway plugin for Payoneer at the moment. The platform although does work with other providers or companies that can facilitate this service for you.
What Is a Payment Gateway Platform?
Now that you know that there is no direct Payoneer payment gateway, to further explain and for better understanding, I would like to tell you what a payment gateway is so you can tell the difference.
Many users over the years have always mistaken this platform as a payment gateway platform. And by the time they couldn’t use the platform for the said purpose they become disappointed.
A payment gateway is a service provided by an eCommerce service provider that authorizes debit or credit cards. Or direct payments for online businesses, online stores, and others. This form of service may be provided by a bank to its customers or can be provided by a financial service provider specialized in it.
According to the wiki, these platforms facilitate payment transactions by the transfer of information between a payment portal and the front-end processor.
What Is Payoneer
Payoneer is a financial services company that provides online money transfers. Also, digital payment services and also provides customers with working capital. This platform is used mostly by freelancers or other workers as a payment method in receiving payments.
This platform, on the other hand, cannot be used as a payment gateway platform. Rather Payoneer can be linked with most platforms that can be used as payment gateways. With this, you can easily link your Payoneer account to these platforms. And then link these payment gateways to your desired destinations such as online stores.