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Payeer is an electronic payment method that was launched in Georgia in 2012.
Payeer offers instant payments and instant exchange, but its first and probably most essential advantage is the possibility to send money to a person who does not have a Payeer account. It’s enough to provide his or her e-mail or phone number, where the instructions for how to receive the money will be sent.
One can also order a Payeer card, which will be basically a MasterCard. It costs 9 USD and has no limit for online purchases and a 400 USD per day limit for ATM withdraws. Note, that if you send scans of your ID the ATM limit will be removed.
You can fund your Payeer account via various payment systems like, QIWI, Yandex, Okay, Paxum and AdvCash, as well as Visa and MasterCard in US dollars, Euro and Russian Rubble.
There is 0,95% fee on international transfers, which can be payed both by the sender and the receiver. The money exchange fee is 2%, while the withdrawal fee ranges between 2,5% and 5% depending on the withdraw method.
Currently there are over 2,5 million Payeer accounts and the service is offered in more than 2000 countries.