More reasons why accepting payment in Bitcoin is better.

[TedMosby]

-snip-

I checked and found out that they have a policy where an account that didn't receive up to $2k within 12 months would be charged $30.

-snip-

If I am not mistaken, I also have a Payoneer account, requested a card, but it never come. I didnt realize they have such fees like that. After checking the website, I found page where they state that. To be precisely, it's not $30, but $29.5 [1].

2. Avoid annual inactivity fees
If you received less than $2000 to your account within the last 12 months, Payoneer will debit $29.95 per year for service. Therefore, they recommend that Payoneer’s cost reduction strategies include a clause on the regularity of income. For example, you can get monthly payments from clients or weekly payments from freelance platforms. This approach will allow us to reduce Payoneer costs and avoid the annual fee.

The first cross-border payment system that I use was Liberty Reserve [1]. All work fine till the day I open their website, and see a message on the website that state Liberty Reserve was seized by FBI [2]. LR was considered to be facilitating money laundering and other crimes.

Liberty Reserve was shut down by United States federal prosecutors in 2013, and since then LR's accounts and funds were frozen.

I mean this is the case where you need a decentralized currency. So no third-party can take your money from you.

Source:
[1] https://www.payoneer.com/resources/reduce-payoneer-costs-strategies-for-cost-savings/
[2] https://en.wikipedia.org/wiki/Liberty_Reserve
[3] https://www.justice.gov/archives/opa/pr/founder-liberty-reserve-pleads-guilty-laundering-more-250-million-through-his-digital

[Churchillvv]

Very bad on pioneer team, but yes more people should be moving towards adapting BTC as a payment method, with so many good exchanges now there too, I dont think so its much of a problem now to convert BTC into FIAT.

Conversion is usually not the problem as a freelancer, many client are willing to pay you with crypto or BtC? It is very rare and however you have no option than to opt for services like this but at the same time, the need to use BTC or crypto is raising every day but business usually relay on third parties which is one bridge bitcoin or crypto burned down.

where I think it is very important that you accept payments using bitcoin to my own opinion is when you are working for a foreign clients and they have to pay with the foreign currency. For somebody like me that lives in a country where there are high level of regulations by the government on how international transactions work, using bitcoin as a means of payment for your services makes the work a whole lot easier and faster. I will also use bitcoin if I intend to use my funds or my payments for savings sake. You have situations where you don’t want to touch the money and you just want to invest it in bitcoin so you can make use of it later in the year, you can also receive your payments via bitcoin and you use it like a portfolio for your DCA.

Regular!! If you have ever been on fiverr or any freelance website you will understand that most times client do not really want to understand the circumstances you have or basics believes you’re in same region or country they are, so payment are solely paid out with available means but if only you have built a relationship with the client you can then suggest crypto (bitcoin) but however if you don’t have such level of understanding then you will also need to include crypto acceptance on your payment methods so clients know that before hand. Which at the end depends on the client if they want to pay via crypto.

[treesintheforestooh]

The amount of money that's been "stolen" (yes, hyperbolic, but accurate in many respects) from people all over the world who already don't have much in terms of wealth is absolutely staggering. The Bitcoin/stablecoin revolution can't come soon enough.

Anyway, glad you posted and sorry to see that BS.

[CryptoYar]

And this $30 fee is why traditional fintech is not keeping up with global gig economy. Charges penalise users if they do not meet some minimum transaction volume which is fee from small businesses and freelancers. In old world, you are always subject to ToS that may change any day. Bitcoin, on other hand, is not concerned whether you will receive $10 or 10,000. It is neutral and rules are hardcoded, not hidden behind corporate policy.

I think that main obstacle to using Bitcoin in payrolls is not technology, but Volatility Fear from paymaster side. To get around this, I believe more freelancers should start giving small discount to those who pay in BTC. This will compensate client switching costs and still be cheaper for receiver than paying those ridiculous $30 fees. When people realize that Bitcoin is not just currency but also efficient international payment system that takes your balance into account, we will see huge runaway from these third parties.

[fuguebtc]

Traditional payment processes really take cut, sometimes even hidden fees on top of exchange rates, with bitcoin you can avoid a lot of those middle charges, so more of the payment goes directly to you but still depends on setup and network fees too. So yeah, if clients are okay paying in btc, it can be a better and more direct option

Transaction fees with Bitcoin blockchain sometimes are cheaper, sometimes are more expensive than bank transfers and traditional payment methods but in security, it's the best.

With Bitcoin blockchain, there is no irreversible transactions, so you don't have any risk of charge back. If you had any business deal, and you received bitcoin in a transaction, and it was confirmed at least one, there is surely no charge back and your bitcoin will surely be in your wallet.

With Bitcoin blockchain and non custodial wallets, there is no freeze on your bitcoin too. With bank accounts, your money in bank accounts can be frozen by banks. With stablecoins, your fund can be frozen by stablecoin companies even you stored it in your non custodial wallets.

I agree with what you said, and overall, Bitcoin is more convenient and better than bank and stablecoin. However, we should not overlook one issue when receiving payment in Bitcoin, its volatility. Our money could increase by 10%, but it could also drop by 10–20% shortly after we receive it.

Not to mention, in the end, to spend that bitcoin, we still need to convert it to fiat. We cannot completely free ourselves from our dependence on bank.

[goldkingcoiner]

Before now, I used Payoneer to receive foreign payments. I stopped for a while when I found another means, but recently, I used it to receive some payments.
I got the email, but I didn't bother checking the account to see

Only for me to open the account today to see that they've taken $30 from the money I received. I checked and found out that they have a policy where an account that didn't receive up to $2k within 12 months would be charged $30.

$30 dollars for what? Not depositing enough in a single month? What? How is this not considered a scam?

This kind of shameless money grabbing bullshit is exactly why Bitcoin was created. If I was you I would never use Payoneer again and instead just use Bitcoin or any other cryptocurrency.

Bitcoin has no hidden policies or shameless ways of taking money out of your pocket.

And the fact that you did not know about that 30 dollar policy just goes to show how hard they try to hide their scamming.

[avp2306]

Before now, I used Payoneer to receive foreign payments. I stopped for a while when I found another means, but recently, I used it to receive some payments.
I got the email, but I didn't bother checking the account to see

Only for me to open the account today to see that they've taken $30 from the money I received. I checked and found out that they have a policy where an account that didn't receive up to $2k within 12 months would be charged $30.

$30 dollars for what? Not depositing enough in a single month? What? How is this not considered a scam?

This kind of shameless money grabbing bullshit is exactly why Bitcoin was created. If I was you I would never use Payoneer again and instead just use Bitcoin or any other cryptocurrency.

Bitcoin has no hidden policies or shameless ways of taking money out of your pocket.

And the fact that you did not know about that 30 dollar policy just goes to show how hard they try to hide their scamming.

They are using their terms as legal to make it look like not as scam, but if we use common sense this is actually a scam. Payoneer is really notorious for doing such policy and if people will not pay attention reading it, they might just get surprised when suddenly their account get charge.

This is how Bitcoin good at because even if the holders hide it on their personal wallets for many years there's no fee's will be taken from them. Also people can avoid those kind of centralized control by certain platforms.

[alastantiger]

Bitcoin has always being a better option in terms of transaction fees compared to banks. But most people see bitcoin as a scam project and might not accept it as payment means because they lack the knowledge of bitcoin. It is a common knowledge that "what you don't know won't hurt you" so most people choose to have no knowledge about bitcoin neglecting the value it generates.

Lots of people make this mistake of thinking that what they don't know won't hurt them but they fail to realize that it does not really matter if you know about something or not if  it affects everybody then it also affects you. There are people that out of ignorance they did not learn or get familiarize with Bitcoin and because of this they have gotten scams from different reasons.

Bitcoin is always the better option to use not just because of its low fee but also because of the fastness and the transparency that Bitcoin has. Bitcoin is also better as there is no limit to where you can send or receive money from since it does not use the traditional banks method but has its own blockchain that it operates with. The only problem with Bitcoin is that you will need the internet to send Bitcoin and also to view the Bitcoin you have in your wallet but excluding that there is no flaws in Bitcoin being a better option for transactions.