For many Nigerian freelancers, choosing the right payment platform to receive their hard-earned dollars fit no be small wahala. This article go compare two popular options: Payoneer and Chipper Cash. We go look wetin each platform get to offer, how dem dey work, and which one go best suit your freelancing hustle.
What is Payoneer?
Payoneer na global payment platform wey allow freelancers and businesses receive payments from clients all over di world. E dey popular among freelancers because of im ability to handle multiple currencies and di ease wey e bring for international transactions.
How to Set Up Payoneer
If you wan start to use Payoneer, follow dis simple steps:
- Go Payoneer website: Visit Payoneer.com and click on "Sign Up".
- Fill your details: Provide your personal information, including your NIN. Dis NIN dey important because e go help you verify your identity.
- Choose your account type: Select "Freelancer" as your account type.
- Link your bank account: After you don create account, link your Nigerian bank account like GTBank or UBA for easy withdrawal.
- Verify your identity: Follow di necessary steps wey go help you verify your identity and wait for dem to approve your account.
What is Chipper Cash?
Chipper Cash na mobile payment app wey don become very popular for Africa. E dey allow users send and receive money across di continent without wahala. Chipper Cash also dey support dollar transactions, which make am good for freelancers.
How to Set Up Chipper Cash
If you choose to go with Chipper Cash, here na how you fit set am up:
- Download di app: Go Google Play Store or Apple App Store and download Chipper Cash app.
- Create an account: Open di app and register with your phone number. Make sure say you dey use valid number because dem go send you OTP to verify.
- Add bank details: After registration, add your Nigerian bank details for easy withdrawal.
- Verify your identity: Provide necessary documents like your NIN and any other ID wey dem fit ask for.
Comparison of Features
Now, make we check some important features wey go help you decide wetin go work better for you:
Fees
Both Payoneer and Chipper Cash get their own fees, but dem dey different:
- Payoneer: E dey charge transaction fees plus withdrawal fees. For instance, if you dey withdraw from your Payoneer account to your Nigerian bank, dem go collect some percentage.
- Chipper Cash: Chipper dey offer free transfers within Africa, but for international transfers, dem dey charge small fee. Overall, e dey cheaper for local transactions.
Transfer Speed
Speed na another important factor:
- Payoneer: E fit take 2-5 working days to receive money, especially if na first time wey you dey withdraw.
- Chipper Cash: E dey very fast, you fit receive your money within minutes, especially if na local transfer.
Currency Support
Both platforms dey support multiple currencies:
- Payoneer: E fit hold multiple currencies like USD, EUR, and GBP, which fit help you if you dey work with clients from different countries.
- Chipper Cash: E also dey support USD and naira, but no be as many currencies as Payoneer.
Which One is Better for Nigerian Freelancers?
Choosing between Payoneer and Chipper Cash fit depend on wetin you dey look for:
- If you dey do plenty international work and you need to receive payments from multiple countries, Payoneer fit be your best bet.
- If you dey focus more on local clients or you dey do fast transfers, Chipper Cash go work better for you.
Real-Life Example
Make I share small story. I get one friend wey dey use Payoneer for im freelancing. E dey do web development for clients abroad. E prefer Payoneer because e fit receive payments in dollars and e dey easy for am to manage di currency exchange. But another friend wey dey do graphic design mostly for local businesses, e dey use Chipper Cash because e dey quick and e no dey pay plenty fees. Dem both dey earn well, but dem just dey use wetin fit their own kind hustle.
Conclusion
At di end of di day, both Payoneer and Chipper Cash get their own advantages and disadvantages. E dey important make you consider wetin you go need based on your freelancing type and how you wan receive your payment. No matter wetin you choose, make sure say you go dey follow di right steps to set up your account and manage your finances well. With di right payment platform, you fit maximize your earning potential and focus on wetin you sabi do best.