29.09.2022
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Payeer. How the payment systеm and e-wallet work

payeer

Payeer is an online custodial payment service that conducts transactions with fiat and cryptocurrency assets. All transactions are performed using an electronic wallet, which contains the functionality of a financial exchanger and a cryptocurrency exchange built into the systеm. Operating since 2013, Payeer has built a solid user base around the world. The service is based in Estonia. Its services are used in more than 200 countries.

Payeer.com is the official site for logging into the wallet and personal account of the service.

Advantages of the Payeer platform

  • it is a multifunctional payment systеm with the ability to exchange digital and fiat currencies;
  • Payeer is a registered cryptocurrency exchange where cryptocurrencies of different blockchains can be traded;
  • the platform charges competitive fees that are adequate for the wide range of supported payment methods and transaction types;
  • registration and ongoing wallet support are free of charge;
  • user verification is not mandatory. But for unverified systеm members there are restrictions on some of the platform’s functions;
  • it is possible to withdraw funds to a bank account, VISA or MasterCard credit cards and wallets of most payment systems;
  • Payeer provides digital solutions not only for individuals, but also for businesses;
  • the fees charged for transactions are based on the asset itself and are generally the same for both individuals and businesses;
  • there are no limits on the amounts of internal transfers between the accounts of ecosystem members;
  • Payeer referral program has 6 levels. It allows users to earn up to 25% of platform’s income when making transactions using their referral link;
  • the systеm has tools for making mass payments;
  • the mobile app is adapted to Android and iOS devices.

How to get started with Payeer Wallet

Wallet registration

In order to get access to the multicurrency wallet services of the systеm you need to create an account in it. The interface of the application is convenient and intuitive. To register, you should follow the usual steps:

  1. Enter your email address.
  2. Specify the code sent by the systеm to your email.
  3. Create a password.

Verification

There are some limitations for non-verified clients in the systеm:

  • Withdrawal limit is $999 or less.
  • There is no option to withdraw fiat money to a bank card.

To pass the verification of an individual the following personal information will be required

  • first name, last name in Latin alphabet;
  • date of birth;
  • country of residence;
  • phone number;
  • Telegram contact;
  • photo of your personal document with your residential address.

To verify a business account, you will need approximately the same information. With copies of the business registration certificate and proof of identity and place of residence of the first manager.

For more information on wallet types, read our article “Where is the best and safest place to store cryptocurrency“.

Commissions

The trading commission for each cryptocurrency is different. In some cases, it can be up to 3.99% (it depends on the payment systеm used in the pair). Depositing cryptocurrency into the wallet and withdrawing it is free of charge. The platform charges a commission for fiat transactions. Users are not charged any hidden fees or gas charges.

On AnyExchange.best, you can replenish your Payeer wallet with cash dollars without commissions in our offline exchangers in the cities of Ukraine and the world, as well as carry out a reverse exchange for cashing out. We also provide the service of exchanging Payeer USD to Tether USDT TRC20 under the most favorable conditions on the market.

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