What is a Virtual Bank Account, Online Payment Processor, Global Payments Services.

In the world of freelancing and online earning, it is necessary to have account on one of the Online Payment Processing services in order to receive and collect funds and money that you earned working hard on the internet. These service are also known as Virtual Bank Accounts Online, they play an important position in processing worldwide e-trade, freelancing bills, personal transfers within the shortest time.

Payza, Paypal and Payoneer are most prominent and trustable names among these payment processors. They provide satisfactory online payment services around the world. Freelancers who work hard online to make cash, absolutely rely upon these processors to get hold of the payments that they earned working on the internet. These services provide a fast and cheap way of storing your money and then transferring it to your personal bank accounts. The normal wire transfers are very expensive and it is a bad option for small payments, therefore it is best to have a virtual bank account online where you may stock up your small funds received from online jobs and then when you have some amount stocked up, you can consider wire transfer to transfer it into your actual bank account.

People frequently ask that what's an online virtual bank account or what are worldwide payment services on the internet, how do they work and which one is best among Paypal, Payza and Payoneer. In this article, a quick review of these payment gateways is provided.

Paypal:

Nearly everyone have a Paypal account these days, in fact, PayPal claims 218 million accounts and more than 17 million merchants. It’s distinctly smooth to setup and use, and it is able to get you up and going in a totally quick amount of time. If you are operating a e-commerce or online shopping website, Your customers won’t even need a PayPal account to buy stuff from your website but odds are high that they would have one. I contrast to just about any sort of merchant account or payment processor accessible, you can implement PayPal as your special approach of accepting payments, or as a supplemental alternative.

But the only downside of Paypal here, is that, it does not allow Pakistanis (or people using Pakistan's ip address) to create a account, If you want a paypal account you must have a very trustable friend in foreign in order to create, verify and ensure stability of a Paypal account for you.
Get your FREE account with Paypal
Here is the link to a detailed article about Paypal and How to create a Paypal account in Pakistan.

Payza:

Transfer money for free to more than 190 counties from your Payza account. At first glance, Payza looks pretty much like PayPal. The name, the advertising, the capabilities. It can be easily noticed that Payza is focused on all those who are dissatisfied with the online payments giant (i.e. Paypal). The most important upside here is that, where the Paypal blacklisted Pakistan for account creation, Payza supports Pakistan and provides many easy options which helps us (Pakistani freelancers) to save our funds in a safe and trustable place.

Payza supports 190+ international locations and 21 currencies, which isn't any small deal. There is also a virtual wallet app plus you can accept donations, promote subscriptions, or even send invoices.
Get your FREE account with Payza
Here is the link to a detailed article about Payza.

Payoneer:

Payoneer is an Online Payments Processor that serves marketplace and business proprietors who want to pay their contract employees and freelancers who need to bill their customers and receive money. The biggest advantage of having a Payoneer account which gives it dominancy over Payza is that it offers you a free Payoneer MasterCard which will be delivered to your doorstep after you create account but Payza manages to cover this by allowing you to integrate your Payoneer MasterCard with your Payza account.

When you get hold of money in your Payoneer account you've got options of withdrawal with a prepaid credit card from Payoneer or transfer to nearby local banks in more than 200 countries. Payoneer calls this the global payment system.
Get your FREE account with Payoneer
Here is the link to a detailed article about Payoneer.