For many Nigerians wey dey hustle for freelancing, managing your money fit be wahala if you no sabi the right tools. Today, we go compare two popular payment platforms: Payoneer and Chipper Cash. This article go help you understand wetin each one fit offer you, so you fit choose the one wey go serve your freelancing needs well.
Overview of Payoneer
Payoneer na one of the oldest platforms wey freelancers dey use to receive payment from international clients. E dey popular because e get strong features and e fit help you manage your funds easily.
How to Get Started with Payoneer
- Sign Up: Go Payoneer website and create your account. You go need your email address and some personal details.
- Verification: Dem go ask you for your National Identification Number (NIN) and some government-issued ID for verification. Make sure you get am ready.
- Add Bank Account: After verification, you fit link your Nigerian bank account (like GTBank or UBA) to your Payoneer account to withdraw your funds.
Overview of Chipper Cash
Chipper Cash na new school platform wey don blow for Africa. E dey allow you send and receive money across Africa without wahala. E dey very friendly for freelancers wey dey work with clients within and outside Nigeria.
How to Get Started with Chipper Cash
- Download the App: Go your app store, download Chipper Cash app, and create your account using your phone number.
- Verification: Just like Payoneer, you go need to verify your identity. Dem go ask for your NIN and some ID.
- Link Your Bank Account: You fit link your bank account or use your Chipper Cash wallet to receive funds directly from clients.
Fees and Charges
Money no dey grow on tree, so you gatz sabi the fees wey these platforms dey charge. This one go help you plan your earnings well.
Payoneer Fees
- Withdrawal Fees: When you dey withdraw funds to your bank account, Payoneer dey charge small percentage.
- Currency Conversion Fees: If you dey convert your money from one currency to another, dem go collect fees for that too.
Chipper Cash Fees
- Transaction Fees: Chipper Cash dey very competitive with their fees. Sometimes, dem no dey charge at all for intra-Africa transfers.
- Withdrawal Fees: For withdrawal to your bank, dem fit charge small fee, but e dey less than Payoneer.
Transfer Speed and Availability
As a freelancer, you go need your money sharp-sharp. So, make we check how fast dem dey transfer money.
Payoneer Transfer Speed
Payoneer transfers fit take anywhere from a few hours to 3-5 business days depending on where you dey withdraw your money to. If you dey use their Global Payment Service, e fit dey faster, but no be all clients go fit use am.
Chipper Cash Transfer Speed
Chipper Cash dey very fast; most transfers dey complete within minutes. If you dey send money to another Chipper Cash user, e go complete sharp-sharp. This one dey good for freelancers wey dey work with clients wey no sabi other platforms.
Which One Fit Work for You? Payoneer vs Chipper Cash
Now wey you don sabi wetin each platform dey offer, make we reason wetin go fit work for you as a freelancer.
When to Choose Payoneer
- If you dey work with international clients wey go fit pay you through Payoneer.
- If you need to withdraw large amounts regularly and you don dey use their services before.
- If you dey work on platforms like Upwork or Fiverr wey dey support Payoneer.
When to Choose Chipper Cash
- If you dey work with clients within Africa and you no wan pay high fees.
- If you need fast transfers and you dey prefer app-based solutions.
- If you dey use your phone pass computer for most of your transactions.
Conclusion
At the end of the day, both Payoneer and Chipper Cash get their advantages and disadvantages. If you dey work with international clients, Payoneer fit be your best bet. But if you dey focus on African clients and you need quick transfers, Chipper Cash go serve you well. Make sure you weigh your options well and choose the one wey fit help you grow your freelancing business. No forget to manage your funds well and always keep your NIN handy for verification!
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