Why Payeer Instead Of Stripe/PayPal?

WHY PROMPTSTAMP RECOMMEND PAYEER RATHER THAN PAYPAL or STRIPE?

Because geography should not dictate opportunity.
When we created PromptStamp, we were faced with the following decision: use the well-known payment services such as PayPal and Stripe, or opt for a universal solution.

We prioritized universal access over convenience for these reasons:

THE GEOGRAPHIC FACTOR
Stripe’s Constraints:
Available in just 47 nations, mostly in the US, EU, and developed countries.

The Impact:

India (1.4 billion people): Invite-only after May 2024,
Pakistan (230 million): Restricted access, complex approval
Nigeria (220 million): Extremely limited services
Bangladesh (170 million): Not Accessible
Philippines (115 million): Problems for sellers
Vietnam, Indonesia, Egypt, Kenya, and Morocco have no access or limited service.

Over 2 billion skilled creators are excluded simply because they live in “the wrong place!”

PayPal’s Painful Situation:
PayPal is widespread across the globe, but it has drawbacks:
Accounts freeze unexpectedly (more common among new sellers).
Steep commission charges on outgoing international money transfers (more than 5%).
Conversion fees (an additional 3-4%)
Seller protection strongly favors the buyer (dispute problems)
Tough withdrawal process in most countries
Prohibited or regulated in over 70 countries.

Payeer Solution:
Present in more than 200 countries – including all the countries where Stripe and PayPal have issues or aren’t supported at all.
No invitations. No discrimination. No “sorry, not in your region.”

MAIN ADVANTAGES OF PAYEER
1. True Global Access
Payeer works in 200+ countries, including:
Africa (54 nations)
All of Asia (48 countries.)
All of South America (12 countries.)
All of Eastern Europe
Middle Eastern nations
Island nations that are frequently neglected

You can utilize Payeer if you have access to the internet.

2. Lower Transaction Fees
Cost Comparison:
Stripe: 2.9% + $0.30 + currency conversion (1-2%) + international fees (+1%)
= Total: 4-5% when conducting international transactions.

PayPal: 2.9% + $0.30 + currency conversion (3-4%) + withdrawal fees
Generally: 5-7% on foreign transactions.

Payeer: 0.5-2% depending on the method + minor currency conversion
= 2-3% on average for worldwide transactions.

3. Multi-Currency E-Wallet
Payeer is not only a payment service – it is a complete digital wallet:
Keep Multiple Currencies:

USD (US Dollar)
EUR (Euro)
GBP (British Pound)
₽ RUB (Russian Ruble
₿ Bitcoin
Ξ Ethereum
₮ USDT (Tether)
And 20+ other currencies

Flexibility Advantages:

Change money when the exchange rates are favorable.
Keep money in stable currency (USD) even when the local currency is unstable.
Protection from rising prices in developing economies.
Choose the best withdrawal method appropriate for your region

4. Cryptocurrency Integration
Payeer encourages crypto payment:

Accept BTC, ETH, USDT payments
Keep crypto in the same wallet as fiat currency
Instant crypto to cash conversion.
Withdrawal via crypto with lower fees

Why It Matters?
For sellers with currency regulations or banking constraints in their home country, crypto provides economic empowerment that conventional systems cannot offer.

5. Fast Global Transfers
Payeer prioritizes speed:

Fast money transfer between Payeer users.
24-hour bank transfers in most countries
No 3-5-day worldwide wire delay
Same-day crypto deposits

On the opposite side:

Stripe: 2-7 days for an overseas money transfer
PayPal: 3-5 days + conversion delays

6. Easy Withdrawal Facilities
Multiple ways to access your money:

Direct Bank transfer (Over 190 countries)
Payeer Mastercard (spend directly)
₿ Cryptocurrency (Bitcoin, Ethereum, USDT, …and More!)
Cash pickup from money exchange cabins nearby
Transfer into other payment methods.
Mobile money across Africa and Asia.

Flexibility is particularly valuable in places where banking services are weak.

7. No Bias for “Developing Countries”
Standard payment processors typically:

Mark accounts from specific countries as “high risk.”
Ask non-Western users unreasonable documentation
Keep money longer for “verification”
Charge higher fees based on one’s origin.

Payeer treats all countries equally:

Same checking process globally
Constant fees no matter the location
SAME FACILITIES PROVIDED EVERYWHERE
No country-based discrimination

Easy and Simple to Use

For Sellers:
Getting Started:

Create free Payeer account (5 minutes)
Verify your identity (standard KYC, same everywhere)
Connect to PromptStamp
Start receiving payments immediately

No Complex Setup:

No business registration required
No merchant accounts needed
No lengthy approval processes
No minimum revenue thresholds

Just sign up and start earning.

For Buyers:
Payment Options:

Credit/Debit cards (Visa, Mastercard)
Bank transfers
Cryptocurrency
Payeer balance (if you have one)
Other e-wallets

Simple, secure, fast!