Payeer Review In 2025

Payeer has evolved into a comprehensive platform for cryptocurrency trading, payments, and asset management. Designed for individuals and businesses, it offers multi-currency support, an intuitive mobile app, and a competitive referral program.

In this guide, we have reviewed Payeer’s features, fees, pros, and cons to provide a clear understanding of its offerings.

Summary of Payeer

Payeer Review

Open an account

Via Payeer's secure website.

Payeer, launched in 2012 in Warsaw, Poland, began as a standard e-wallet for storing cryptocurrencies and online payments. Over time, it has evolved into a multifunctional platform enabling crypto-to-crypto and crypto-to-fiat conversions and providing access to the global cryptocurrency market for trading. Its referral program lets traders earn by inviting clients.

Payeer by the numbers:

• Available in over 200 countries

• More than 4 million active users

• No registration or service fees

• Supports 3 fiat currencies: USD, EUR, and RUB

• 0.095% fee for most trading transactions

Payeer caters to individuals and businesses, offering an API for merchants and crypto services to receive cryptocurrency payments, buy, sell, and exchange cryptocurrencies, and access diverse payment methods.

Payeer’s useful functions

The Payeer wallet offers a comprehensive range of features for both individuals and businesses, making financial management and transactions simple and efficient.

Key features:

• Deposits and withdrawals. Users can fund their Payeer accounts using methods such as Visa or MasterCard, as well as payment systems like Perfect Money and QIWI. Withdrawals are processed through the same channels, with the exception of AdvCash.

• Currency exchange. Payeer enables seamless conversion between fiat currencies and cryptocurrencies, allowing users to exchange assets like USD to Bitcoin or Ethereum to Litecoin. While some cryptocurrency pairs can be exchanged without fees, fiat exchanges may incur charges.

• Trading platform. The platform functions as a cryptocurrency exchange, providing a user-friendly interface for placing orders, setting stop limits, and executing market orders, similar to major exchanges.

• Transfers. Payeer facilitates sending funds to various destinations, including bank cards, other e-wallets, and accounts within different payment systems. Users can also receive transfers from other Payeer users, streamlining the process of moving money across platforms.

• Online payments. For online purchases, Payeer serves as a payment method, provided the merchant supports it, offering a convenient option for transactions.

• Account management. The platform offers a comprehensive dashboard accessible via its website or mobile apps for iOS and Android, allowing users to view account balances, transaction histories, and manage their financial activities efficiently.

• Business integration. Payeer provides API solutions for businesses to integrate payment processing into their online platforms, enabling acceptance of payments in both fiat and cryptocurrencies. This integration supports automated payment processing and real-time transaction updates, enhancing operational efficiency.

Investment programs, available markets, and products of Payeer

Payeer offers a referral program that helps users earn passive income by inviting others to join the platform. Once verified, each user gets a unique referral link that can be shared on social media, websites, and messaging apps. When someone registers through this link, they become a first-level referral. The program operates across six levels.

• First-level referrals. Earn the referrer 25% of the fees paid by the referred user.

• Second-level referrals. Created when first-level referrals invite others, earning the original referrer a smaller percentage of the fees.

• This structure continues down to the sixth level. The percentage decreases at each subsequent level.

This system enables users to build a network that generates continuous passive income. To make sharing easier, Payeer provides free promotional banners in popular formats, helping users promote their referral links effectively.

In addition to the referral program, Payeer offers several financial services, including.

• Multi-currency wallets. Allowing users to store and manage various fiat and cryptocurrencies.

• Currency exchange. Facilitating the exchange of different currencies within the platform.

• Payment processing. Enabling online payments and money transfers globally.

Payeer money transfer Terms & Conditions

Payeer is a payment system that supports money transfers, currency exchanges, and online payments. Users can deposit and withdraw funds through various methods, including bank cards, electronic payment systems, and cryptocurrencies. The platform supports multiple fiat currencies such as USD, EUR, and RUB, as well as popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

To access all Payeer services, users must verify their accounts by providing personal information and identification documents. Unverified accounts have transaction limits. Payeer also offers a referral program where users can earn commissions by inviting others to join. The program includes six levels, with commissions ranging from 25% for first-level referrals to 5% for sixth-level referrals.

Payeer provides a clear fee structure, with all fees disclosed upfront. For example, internal transfers in USD, EUR, or RUB have a 0.5% fee. The platform also includes a built-in currency converter, allowing users to exchange between supported fiat currencies and cryptocurrencies easily.

Users can access Payeer via its website or mobile apps available for iOS and Android. The platform prioritizes security and convenience, making it a preferred choice for online traders and those participating in referral programs.

The platform’s API is easy to integrate and typically set up within minutes. Reliable and user-friendly, Payeer supports over 4 million users globally, with responsive tech support available via email or tickets.

Payeer commissions & fees

The Payeer wallet provides free registration and account opening with a single tariff structure, offering different conditions for individuals and businesses. There are no subscriber fees, making the service free to use, but unverified users face restrictions, including transaction limits.

Deposits and withdrawals are generally free for most coins and amounts. However, using Visa or MasterCard incurs a 3.99% fee for deposits and a 1.99% fee for withdrawals. Perfect Money charges 1-3% for deposits and 1.99% for withdrawals, while QIWI imposes a 4.99% fee for deposits and 1.99% for withdrawals.

AdvCash is available for deposits only and does not charge any fees. Transactions listed as free remain free under all circumstances, whereas fees for paid transactions may vary and are displayed before confirmation. Traders Union has compared Payeer’s fees positively against similar e-payment systems.

Types of accounts in the Payeer payment system

Payeer doesn’t have predefined tariffs or account tiers. Instead, users choose between Personal and Business accounts upon registration. While one person can register both types, they are separate and cannot be merged due to their distinct functions and purposes.

Personal account

Designed for private individuals, the personal account includes all essential features for managing financial flows in one place. Users can store fiat currencies and cryptocurrencies, make and receive instant transfers, and pay for goods and services.

Payeer is widely accepted by major marketplaces and online services, making it nearly as popular as PayPal or Skrill. This account is user-friendly and easy to master, providing a convenient solution for everyday financial needs.

Business account

Tailored for business owners, especially internet stores and online services, the business account offers advanced features like integrating Payeer’s system and cryptocurrency converter into digital platforms.

For instance, an online cinema can use this account to process subscription payments seamlessly. This account type simplifies receiving payments in both fiat and cryptocurrencies, making it ideal for modern businesses seeking a versatile payment solution.

How to open an account at Payeer

Here’s how to open and verify an account at Payeer:

• Enable security features

  • Turn on all notifications in the "cognominal" section.

  • Activate two-factor authentication in the "Security" section, preferably via SMS (alternatively, email or Telegram).

• Create an account

  • Visit the Payeer official website.

  • On the homepage, click the green "create account" button (registered users can click "Login").

  • Enter your email address and click "create account".

  • Check your email for a confirmation code, enter it, and click "create account" again.
    (Note: You can skip this step by clicking “Continue without confirmation,” but you’ll need to verify later.)

Setting up account with Payeer

• Set up credentials

  • The system generates a username, password, and secret code (all can be customized).

  • Click "next" and provide your first name, last name, and country of residence to complete the initial setup.

• Verify your account

  • After logging in, click "not verified" in the "Balance" section.

  • Go to "profile and verification" and provide your date of birth and phone number.

  • Verify your phone by making a free call to the number displayed on-screen, then click "continue".

  • Upload a clear picture of a valid ID (e.g., passport) by following the instructions in the "verification" section.

• Get full access

  • Once your documents are approved, the verification warning will be removed, unlocking all features of your Payeer wallet.

Check Payeer's fee structure and think about verifying

Anastasiia Chabaniuk Author, Financial Expert at Traders Union

As a newcomer to Payeer, be aware that while the platform offers various services, each has its own fees and limits. For example, depositing funds through certain methods can cost up to 5%, depending on the payment system you choose. Also, if your account isn't verified, you'll face transaction limits, like a €15,000 cap on EUR transactions. So, it's a good idea to check Payeer's fee structure and think about verifying your account to access higher transaction limits and possibly lower fees.

Security is another important factor. Payeer uses two-factor authentication (2FA) to boost account safety. Turning on 2FA means you'll need a second verification step when logging in or authorizing transactions, which helps prevent unauthorized access. Getting to know these security features and using them can protect your money and personal info.

Conclusion

Payeer has proven to be a comprehensive and secure platform for managing both fiat and cryptocurrency transactions. Since its launch in 2012, it has evolved into a versatile tool for individuals and businesses, offering features like multi-currency wallets, seamless currency exchange, and a user-friendly mobile app. Its standout referral program, competitive trading fees, and robust business integration options make it an excellent choice for both personal and professional use. By providing advanced security measures, global accessibility, and transparent fee structures, Payeer continues to cater to a wide audience, ensuring reliability and efficiency in the ever-changing financial landscape.

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Team that worked on the article

Alamin Morshed

Contributor

Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses that want to improve their Google search rankings to compete with their competition. With expertise in search engine optimization (SEO) and content marketing, he ensures his work is both informative and impactful.

Learn about our editorial policies

Chinmay Soni

Developmental English Editor

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito

Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Glossary for novice traders

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