Payoneer and PayPal: Another way to withdraw money to your account. Payment system Payoneer What is the maximum balance on a payoneer account
- Maximum account balance - 10 000$. All money in excess of this limit is on the virtual balance and, as necessary, is transferred to the card.
- Restriction on payments (cash withdrawal through ATM) - 2500USD per day - according to the official Payoneer forum. (In the section "terms and conditions" on the Payoneer off site - the amount is indicated in 5000USD).
- No more than 10 cash withdrawals from ATMs per day;
- Payment through POS terminals (for example, payment for purchases in a store or in an online store) - no more than 9 per day,
- The number of account top-ups per day is not more than 3 times.
Any transaction made on a non-business day will be deemed completed on the next business day.
Commissions for withdrawing cash from a Payoneer card at ATMs and operational cash desks of Russian banks. Where is it cheaper to withdraw money from a Payoneer card (calculation).
Information is constantly changing as banks change fees and withdrawal limits.
- Commission for withdrawing cash from an ATM (as well as when receiving cash at the bank's operating cash desk). This is a fixed amount, but its amount depends on the partner through which you connected. For example: 3.15 USD
- a fixed fee for withdrawing money (if you withdraw in local currency, for example, in rubles, the commission is up to 3.5%, if you withdraw in USD - 1.8%), (Information from the official Payoneer forum.)
- % of the bank's cash desk for the operation (for withdrawing money from a card of another bank).
As a rule, the larger the amount you cash out in one operation, the cheaper it is.
Restrictions on withdrawing money from ATMs (in USD), information is subject to change.
Unicredit, Citibank - 400 USD
- Rosbank, Raiffeisen Bank, CreditEurope, Russian Standard Bank - 300 USD
- Alfa Bank - 200 USD
If the ATM offers to select the type of bank account, the "Current" or "Checking" account is suitable.
Operating cash desks various banks set an additional percentage for cash withdrawals from a third-party bank card:
Avangard, Mosoblbank, Rosselkhozbank - 2%;
Rosbank, Raiffeisen - 3%
Bank of Moscow - 5% (up to 60,000), 2% (over 60,000)
We will calculate where it is more profitable to withdraw money in dollars at an ATM or cash register.
Let's take into account Payoneer's withdrawal limit in 2500 USD per day.
Let's calculate using the example of the cash desk of the Avangard bank (2% commission) and the Rosbank ATM (the limit for the operation is 300 USD).
Operating cash desk with 2% commission
Amount to be withdrawn 2500 USD + 2% (bank commission) + 3.15USD + 1.8% = 2500USD + 50 USD + 3.15 USD + 45USD = 2593.15
Those. on withdrawing money through the bank cash desk with a commission of 2% we will lose USD 93.15
ATM
Because limitation of 300USD per operation, we will withdraw 8 times for 300USD and 1 time for 100USD:
8 times 300:
8*(300+3,15+1,8%) = 8*(300+3,15+5,4) = 8*308,55= 2468,4
1 x 100:
100+3,15+1,8%=100+3,15+1,8=104,95
Total: 2573.35.
Those. for withdrawing money through an ATM, with a limit of 300USD(even taking into account such an irrational operation as withdrawing $ 100), we will lose USD 73.35, which is almost 20USD less than at the cash desk of the bank with an interest rate of 2%.
Even if you shoot at an ATM with a limit of $ 200(12 times for 200USD and once for 100USD) - the amount of commissions will be released USD 85.95(which is still cheaper than withdrawing through a bank teller, with a commission of 2%).
How to start using Payoneer - register an account:
- It is necessary to register on the Pioneer website (for example, by the invitation link from $ 25 to your account as a gift), about the registration process.
- After that, you can immediately start receiving payments from foreign companies and withdraw money to your bank account.
- If you need a Payoneer card, it can be ordered in your account and will be sent by mail free of charge. When registering through an invitation link, card activation is free. When ordering through partners, card activation may be paid (for example, if the card is ordered through iStock or Dreamstime - $ 10, through DepositPhotos, Lori, 123RF - $ 12.95).
- The card has no other activations and verifications. But there is an annual usage fee
Many microstocks and photobanks (including Shutterstock) allow you to withdraw funds to your Pioneer payment system account
Detailed instructions on how to order a Pioneer card and get a bonus -
Residents of the Russian Federation are allowed to work with Payoneer without issuing a payment card - simply receive funds from foreign companies and individuals to their account and then withdraw them in a non-cash form to an account in any Russian bank. Therefore, in the Payoneer system, the first question that arises from our compatriots is: “ Do I need a physical payment card at all?"We suggest you give the answer to it yourself, having carefully weighed all the pros and cons.
It is important to note: the need for a physical payment card largely depends on the tasks that you set for yourself. Let's start weighing and sorting out together.
Cash withdrawal
You can get cash using an ATM or through the bank's cash desk. The issuance fee has several components:
$3.15
(Payoneer commission)
+ 1.8%
of the withdrawal amount (MasterCard commission)
+ possible commission of the selected bank (they warn about it in advance)
Total, when removing conditional $1000 , the commission will be: $3.15 + $18 = $21.15
The commission of the bank, the cashier or ATM of which you use, can be either zero or fixed, or be a percentage of the amount. But usually, if such a commission is present, then its size is small - within $ 2-3.
ATM machines
In the event that you intend to use an ATM to receive cash from a Payoneer card, you need to decide in advance whether you need rubles (or the national currency of the country where you are located) or whether you want to receive the currency in which the card is issued.
In the Russian Federation, unlike other countries - for example, neighboring Ukraine, you can receive currency directly from an ATM. However, there is a problem finding an ATM that will issue it. These are found in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and other large cities.
Therefore, before withdrawing cash, it will not be superfluous to inquire which banks are represented nearby. By contacting the customer support service, you can get information about the availability of ATMs in your city that issue currency.
Payoneer commission for one successful withdrawal operation is $ 3.15, refusal to withdraw - $ 1, therefore, when withdrawing funds, you should be aware of what you are doing. If there are not enough funds on the card, or the limit is exceeded, or the ATM cannot technically dispense the required amount, $ 1 will be debited each time the refusal is made.
Remember that an ATM cannot dispense more than 40 notes of any denomination in one operation. Therefore, if you plan to withdraw a large amount, choose ATMs in large shopping and office centers, bank branches - they are usually “charged” with large denomination notes, unlike their “street” counterparts, where the denominations of banknotes are usually limited for security reasons.
For ATMs (especially currency ones), banks, for the same security purposes, usually set limits, the size of which is fundamentally different from those that operate in bank branches.
ATMs of Unicredit (up to $ 300 per operation, no commission), Raiffeisen Bank (up to $ 300 no commission), Citibank (up to $ 400 per operation, 1% commission), BinBank (the largest limit) issue currency and are popular among Russian users of Payoneer.
When issued with conversion, good reviews about ATMs of VTB24, Sberbank of Russia, Rosselkhozbank, Post Bank.
The most up-to-date information regarding Russian banks, their branches and ATMs is collected on the forum of the official website. Users here share information on withdrawals, fees and limits.
Bank cash desks
The main advantage of withdrawing cash at a bank branch is the ability to receive a large amount of cash in one operation. At the cash desk, the teller will immediately provide you with information about the bank's commission that applies.
But many bank branches, especially on the periphery, reinsure themselves and refuse to work with foreign cards. The situation may differ from branch to branch and even from cashier to cashier. In the center, in big cities, as a rule, there are fewer problems.
Binbank branches have a traditionally good reputation.
Do not forget that at the bank branch the teller will ask you to show your passport.
Payoneer card top-up
The peculiarity of the service is that independent replenishment of the card at a bank branch or through a terminal is not provided, but online replenishment is quite possible. You can replenish your card in the following ways:
- Receiving funds from companies, including Payoneer partners, and individuals through the Global Payment Service. ACH (Direct Deposit) bank transfer in the USA, SEPA bank payments - European Union, as well as payments from the UK, Japan, China.
- Funding a Payoneer card using another payment card through PayNow from Payoneer.
- Payoneer transfer from one account to another, minimum $ 50, no commission. In your account, select "Pay", then "Make a Payment" and enter the recipient's email address, which is your Payoneer ID.
How to order a card
To order a Payoneer card, you need to go through a free registration procedure as a customer of the service. If you do this through our link, you will receive a motivating bonus from Payoneer, as well as our free help in solving emerging issues.
Once your account is approved, you will be able to order your physical Payoneer card in USD. The card in euros is ordered only after receiving and activating the dollar card. Ordering cards is free. The fee is charged only for the re-issue of the card in case of loss or expiration.
Card delivery
Sending a Payoneer card to Russia is carried out in a paper envelope, by regular mail. Delivery takes 2-3 weeks. The account indicates the estimated delivery time. If during this period the card was not received, you will have a link to resend in your account, which is also free.
You can get a card in Russia without any additional formalities: a passport, a signature is not required. The envelope is placed in a letter box.
How to activate the card
Immediately after receiving the card, you can start using it, but before that you need to activate it. You enter your personal account, press the button "activate the card", enter the number of the received card, come up with a four-digit pin-code, put a tick, confirming your agreement with the terms and conditions.
Do not forget about activation: without going through this simple procedure, you will not be able to use the card! In confirmation of activation, a letter will be sent to your e-mail.
Internet banking
You can control all card transactions either through your account or by using the free Payoneer mobile application, which is available on Google Play and the App Store.
When paying, the amount is first blocked on the card and appears in the "Pre-authorized transactions", and then, after a few days, it is debited and goes to the "Transactions" section. Depending on fluctuations in the exchange rate, the amounts for blocking and debiting may differ.
Lost or stolen card claim
If your card is compromised, lost or stolen, you must report it immediately. The fastest and easiest way to do this is to call the Russian Payoneer support number: + 7-499-918-72-02 or use the online chat, the link to which can be found on the support contact page.
In our previous articles, we told how, and also considered the instructions in detail. If for the residents of Russia everything is simple and clear, since PayPay has been allowed to officially withdraw money to bank accounts since September 2013, then in Ukraine the situation is not so rosy. All those who live in Ukraine, work in the segment of the English-speaking Internet, and regularly receive payments on PayPay have a hard time. Almost all methods of withdrawing money are associated with intermediation, in which a certain percentage is lost. Of course, when withdrawing money through Payoneer, you will also lose a certain amount for bank commissions and conversion, but this is much better than giving 20% to an intermediary, or 11% to exchange offices.
We want to say right away that Payoneer is only suitable for those who often and a lot of withdrawals via PayPal. In all other cases, if the amount is not large (up to $ 1000), and you withdraw every few months, then it is better to use other methods described in ours. Why is that? Read to the end and find out.
Payoneer and PayPay: detailed instructions for opening a virtual account
In the article on how to withdraw money from PayPay in Ukraine, we have already talked a little about Payoneer in order to familiarize the reader with this opportunity. But today I would like to talk in more detail about how to open a virtual account. We will consider the algorithm of actions, tell you how withdrawal through Payoneer is better than all other methods, and also briefly tell you what Payoneer is, and whether there are risks when working with this system.
What is Payoneer
Payoneer is a US based company that provides a virtual US bank account. In fact, you will not have a real account, you don’t sign any documents, you don’t give your originals and copies. You just need to register, order a card, and after a while receive it by mail. We will tell you more about the whole procedure below. But the question may arise, where will my money be kept if the account is virtual and not real? How does Payoneer ensure safety? What guarantees does it give? There are a lot of incomprehensible things here, and in order to find the answers, you need to read the official website of the company, specialized blogs, reviews of users of this system. We do not know all the intricacies of Payoneer, but we can say that with PayPal through their cards, you can easily withdraw money.
Payoneer assures that at any ATM that accepts MasterCard cards, you can withdraw your money without any restrictions.
You can find user reviews of the services of this company on the Habrahabr website, where Payoneer maintains an official blog, and at the time of this writing, there were 207 reviews and comments.
First of all, you need to register in the system. To do this, go to the official website of the company and press the "Register" button. It is noteworthy that the entire site has been translated into Russian, since Payoneer is focused on the Russian market and the market of the CIS countries.
There shouldn't be any problems with registration, because everything is intuitive. It is very important to indicate real data, and fill out everything very carefully. In confirmation of your registration, a letter will be sent to the email address, which will indicate all the data that you have sent to the system. To avoid critical errors during registration, we recommend using the Chrome and Mozilla browsers.
ID confirmation
In order to be able to use a virtual bank account, you need to verify your identity, passport details, and source of income. The confirmation system is a little strange, but what it is. To do this, the letter will contain two links, by clicking on which you will be taken to a page with polls.
On the first link, you need to give answers to questions regarding your work. From the drop-down menu, select the type of activity that most accurately characterizes what you do, and then describe (in Russian) what you do. Follow the prompts and do everything as instructed by the system.
By clicking on the second link, you will be taken to a page where you need to confirm your passport details and identity. Send a photocopy of your passport or driver's license. It is very important that the copy was in color, of high quality, the name, surname and date of birth are clearly visible on it.
Receiving a card by mail and activating it
When registering, you indicate your mailing address, to which your Payoneer bank card should come within 3 weeks. Also, along with the card there will be a letter in which the process of further card activation is described in detail.
The activation process is pretty straightforward. Payoneer offers two ways: to contact operators by phone, or to activate the card via the Internet. The second option is more suitable for us, because it is faster and much cheaper. Go to the Payoneer website, log in with your username and password, and click "Activate Card" (the yellow arrow in the screenshot indicates where this button is located). Next, enter the card number, and come up with a PIN code that will be needed when withdrawing money from an ATM.
More details about activation are described in this video.
ConnectionPayPal account to US bank account
We would like to warn you right away that you assume all the risks associated with linking a bank account in the United States to your account. And these risks are associated with the fact that the account can be blocked. Why? Yes, because PayPal's policy is based on the fact that residents of a particular country must link the accounts of banks operating in the territory of their state. Therefore, if you are not a US citizen, and do not have a residence permit there, then you are violating PayPal rules. Of course, in 99% of cases it goes unnoticed, but 1% exists, and you should be aware of the risks.
If you don't have a PayPal account yet, we recommend reading our article "". Consider only the fact that you need to indicate your real name and surname, but you need to invent the address of residence. Take any US state, address, house, apartment. Just do not write the address of well-known companies or government agencies. Look where there are residential areas, and pick something at random.
Bank account confirmation
Having linked the account, you also need to confirm it. This is the standard PayPal procedure, in which 2 payments of a few cents will be sent to your account. After 2-3 days, check your Payoneer account, and as soon as you see a transfer transaction, go to your PayPal account and indicate the amount of transfers.
Once your bank account is verified, you can receive and send transfers using your Payoneer account. But the most important thing is that money can be withdrawn at any ATM, and at any time.
It is also worth noting that using the card will cost $ 30 per year. But there are also various fees for depositing and withdrawing money from the card, for transfers and other transactions. You can read more about this on the official Payoneer website.
And after finishing the article, we decided to read in more detail the reviews of those who have been using Payoneer for more than a month, or even a year. As it turned out, the system has many "pitfalls" and hidden payments that no one talks about openly. That is why we wrote at the beginning of the article that this card is suitable only for those who often and a lot withdraw from PayPal. The rest should look towards automatic exchange services, or look for intermediaries who will withdraw money and PayPal with a minimum commission.
Payoneer Service: User Review
We will not publish flattering reviews. And so it is clear that the system has a number of advantages and benefits. You should always read negative, but truthful comments from users who are trying not to denigrate the company, but to show its real face. And we found just a few such reviews on the forums.
Svfoster, Habrahabr website
Payoneer has incredible fees for ... everything. For each movement, for each sneeze, money will be withdrawn (percentage or a fixed rate). The absurdity even reaches the point that the percentage is charged for rejecting the transaction, or if you typed the wrong amount at the ATM and could not withdraw the money.
So, in order. Open cards - $ 20, crediting money - a commission of $ 2 (and 2-3 days to wait!), For withdrawing money in dollars (PayPal) - a commission of ~ 3% and nowhere is there a word about it, but if you need to make a refund via PayPal, then withdrawn commission is not refundable. Refusal when withdrawing through an ATM - $ 1 for an incorrect request, withdrawing through an ATM or an operator at a bank - $ 2.15 per request. Card content $ 3 per month! In total, to transfer amounts of ~ $ 1000 per month, the commission will be (year) 20 + 2 * 12 + 2.15 * 12 + 3 * 12 ~ $ 106 in the first year of service + 3% for payment for purchases, which will be $ 360 per year! Do not forget that there will be a commission for withdrawing money, especially if it is in the currency of your country.
Nikolay, webmaster forum
If you use Payoneer, and you have a controversial question, or you want to contact support, then stock up on valerian and strong nerves. There is no support, he answers for a long time, does not say anything concrete, questions are not resolved. Okay, if only an isolated case, but this is always the case.
I used Payoneer for a while, endured their robbery, because there was no alternative, but there is a limit to everything. Refused to use a virtual account.
Whether to use Payoneer or not is up to you. We just provided detailed instructions on how to withdraw money from PayPal through Payoneer, and published reviews of those who already use their accounts and cards.
Working on foreign freelance exchanges, as well as with customers living in other countries, directly, is always fraught with a number of difficulties. First of all, of a financial nature. Since you need to immediately decide for yourself the question of how to withdraw the earned money as efficiently and safely as possible. The solution suggested itself: it was necessary to create a banking product that would solve the daily tasks of freelancers around the world. So, in 2005, the Payoneer payment service appeared (in Russian it is often called "Pioneer" or "Pioneer").
At the Pioneer payment system more than 2000 partners in all over the world who pay directly to the card account!
At the moment, a bank card from Paoneer is a universal means of payment that allows you to quickly carry out the process of paying out earned funds to freelancers. Plastic can be used to withdraw money worldwide at any ATM. In addition, you can use it to pay in regular stores and on the Internet. For freelancers in Russia, such a solution is a real godsend, since it allows you to receive payments from American companies directly, as well as work with the largest freelance exchanges on the planet. At the same time, there is no need to report to the state about the presence of a deposit abroad. The only drawback is commissions, but they can be leveled, since earnings abroad, as a rule, are much higher, and this circumstance will allow to recoup most of the service costs.
Important information about Payoneer for Russians:
Please note that customers living in Russia since February 2020 will no longer be able to order a plastic card from Payoneer due to restrictions imposed by the financial legislation of the Russian Federation. At the same time, existing customers who already have this card in their hands will be able to fully use it. until May 27, 2020 inclusive... There are no other restrictions. You can still receive payments to your Payoneer account and withdraw them to your local bank (using local details). Payoneer account maintenance will be free.
These are commissions for deposit operations only from the Payoneer payment system (they will be debited from the recipient of the money).
Payoneer has implemented a cool feature for transferring payment to you for your work - the ability bill... This invoice can be sent, for example, by e-mail to the customer or employer. These can be both companies and individuals.
How to fund Payoneer via invoice payment (the customer chooses the most optimal option for him from the proposed):
- from a bank card ( commission 3% , limit 2000$ per operation);
- transfer from an account in your bank through the Global Payments Service ( there is no commission for EUR (SEPA transfers), but for USD (ACH transfers) it is 1% , no limits);
- electronic check ( for US residents - 1% and limit 5000$ per operation).
You can also pay for a service to a supplier or customer directly from Payoneer by selecting the ' Make a Payment“By specifying his E-mail as the recipient, even if the recipient does not yet have a Payoneer account. After registration, he will receive this payment. This transaction will no commission.
What is the Global Payment Service?
For transfers from the USA
If earlier interaction with the payment system was carried out directly through the company's partners, because only they had the opportunity to replenish Payoneer prepaid debit cards, then with the connection of the service US Payment Service(as mentioned just above) in 2012, you can now receive payments from any American company. Now it is enough for them to simply send money by local bank payment through the system ACH (Automated Clearing House) Is the largest US clearing system.
Global Payment Service System
Global Payment Service: to a $ account - ACH-transfer (US interbank), euro account - SEPA-transfer (in euros).
Expanded opportunities US Payment Service... Significantly increased the geography of partners. Now money to Payoneer account can be received in euros (EUR) through SEPA (Single Euro Payments Area) from partners from the European Union and the European Economic Area (34 countries), from the UK and Ireland in pounds sterling (GBR) by BACS and FPS, Japan - in yen (JPY) by Zengin. Since 2018, it has also become possible to receive money via the Chinese payment system CNAPS (China National Advanced Payment System) and in Canadian dollars through Canadian banks via EFT (Electronic Funds Transfer). In Australia - according to BECS (Bulk Electronic Clearing System). The service is actively developing - more currencies and opportunities are promised in the near future.
As part of this opportunity, you can also apply for an additional card for payments In Euro... To do this trick: request the ability to accept payments in euros through the support service. And when will your euro account have more than 50 EUR, then a button will appear in your personal account Order card, by which you can order yourself an additional prepaid card Payoneer EUR.
It is important to note that it is the local payment services of countries that are used to make transfers, which avoids the use of the more expensive international Wire system. As a result, there are significant savings on commissions.
To issue an invoice and pay, it is enough to generate a payment order from your personal account and send it to your partner. It must be legal face. Transfers under this scheme between individuals are prohibited.
If you do not have this option and it is limited - write to Payoneer support to enable this functionality. The system is the same - you are provided with bank account data to which you can transfer money. This account does not belong to you personally, but is linked to your account. It is common to everyone. All received money is distributed according to functional purpose and credited to the account of the recipient's card.
Payoneer and taxes in Russia
It is most profitable to withdraw rubles from Payoneer at VTB and Alfa Bank ATMs!
In this case, we recommend looking for ATMs from VTB Bank that allow you to withdraw up to 100,000 rubles from "other people's cards" per transaction. In the comments, people write that Raiffeisen ATMs can issue up to 150 000 rubles (not checked!). Also, judging by the reviews, rubles in their ATMs with a Payoneer card can be issued to you by Alfa Bank ( from 200,000 to 450,000 rubles depending on the ATM model).
There was also information that since October 2017 up to 200,000 rubles can be withdrawn from ATMs " Tinkoff Bank" (Moscow). Withdrawal operation in rubles is carried out without commission... There is also information that it is possible to withdraw from Otkritie and Promsvyazbank up to 200,000 rubles.
For comparison (the limits of cash withdrawal from "other people's cards" at ATMs of other banks):
- Post Bank - up to 50,000 rubles per transaction;
- Russian standard - up to 40,000 rubles per operation;
- Sberbank - up to 5,000 rubles per transaction.
- Raiffeisen - RUB 10,000 per transaction.
Another important point:
Only Payoneer deducts money from your card. ATM owners in Russia do not take its additional commission for withdrawing rubles RF (ATM fee).
- Map directly replenish it is forbidden(C2C top-up is not possible).
- You can issue an invoice for payment to a specific person or company, send a link to him or by e-mail in order to receive payment directly in various ways for the paying party: by bank check(in USA), by credit card (commission 3%, limit 2000 $ per transaction) or by transfer from a bank account via Global Payment System ( commission 1% in USD, EUR - 0%).
- You can "pull" money from the card, but only from those services for which it is not critical lack of 3DSecure by "Pioneer". The Payoneer card transaction will be processed like a regular card purchase, excluding the commission of third-party services.
- Transferring funds from one Payoneer card to another (may not be supported if there are restrictions from the partner or if funds have not been received for a long time using the standard method for it). The option is available not immediately, but after receiving payments in the "traditional way".
- Private top-up of Peyonier cards (Russian bank cards can be used here). All transactions are carefully monitored, a refusal to make a payment is possible (especially if it has not been replenished for a long time in a standard way for it - through partners or the US Payment Service). The commission fee is 3,75% and can be withheld from both the sender and the recipient.
- Top up from bank accounts located in the CIS, including through payment systems it is forbidden(including through SWIFT). Still through the system US Payment Service (by entering data for ACH) you can fund Payoneer balance through Skrill, PayPal and other services. In this case, the standard ACH fee is taken, equal to 1% of the transfer amount... Fees for SEPA, BACS and Zengin not charged.
- You can receive money from any company registered in the USA, UK, Japan and the European Union (euro area) by Global Payment Service. The fees are the same as indicated in the paragraph above.
- You can release in addition to the main card in dollars and card with euro currency... To do this, you need to ask support for the ability to accept payments in euros. After that, an item will also appear with the conversion of one currency into another in the section " Currency management«.
- You can't link your Payoneer card to Paypal registered on Russian resident.
- There is no SMS notification, but you can download the official application from Google Play and the AppStore to your gadget and monitor the balance.
- In shops or on the Internet, you can pay for something with a card no more than 9 times. The total limit is $ 2500 (for purchases and withdrawals).
- With Payoneer, you can top up other bank cards... For example, through the service MoneySend... The card supports "pull" (that is, an outgoing transaction: you can carry out the operation in the personal account of your bank, on whose card you want to receive funds).
- Payoneer debit can be blocked if no transactions are processed on it within 6 months
In the AdvCash system, both physical and virtual cards can be issued. And even bind them to payment systems Google Pay, Samsung Pay. Maps with free service (pay per issue only).
Various ways to deposit and withdraw money from your Payoneer card. Relevance: 2018.
You can withdraw money from your account (not available at all!) to a bank account in Russia... The operation will be carried out in rubles. Commission: 2%... Interbank payment (from Russian partner banks). At the moment, payments in dollars to Russian banks are not made. Money comes from " Kiwi Bank»With a comment payment for provided services from Amazon.com, Inc. Private translation, VAT excluded.
You can receive money on Payoneer simply by invoicing (the button “ Payment Request"). At the same time, the customer will not even need to be registered with Payoneer, he will have many opportunities to pay for your services or goods (by means of a payment card, bank payment or electronic check).
I recently researched and tested first-hand a way to withdraw money from Payoneer with minimal fees. The method itself is not complicated, but it involves traveling abroad. Further in the article I will share information on how the inference scheme works.
Very briefly, what is the essence of the method
We withdraw money in euros from a Payoneer euro card in the European Union.Who is this method for?
For those who travel, live in the territory of the European Union, or in border areas, whose loved ones travel abroad.Main idea
With Payoneer, you can withdraw money as follows:- to a local bank account;
- using a Payoneer card at an ATM or bank cash desk.
In addition to Payoneer's own ATM withdrawal fee, there is a MasterCard cross-border fee if the card is used outside the country where it was issued.
Dollar cards are issued somewhere very far away, and therefore we always pay an additional 1.8% commission for each transaction in US dollars, and 3.5% for transactions in national currencies (hryvnia, ruble, etc.).
However, Payoneer also has cards in other currencies. We are interested in a card in euros.
Payoneer Euro cards are issued in the European Union, and therefore there should be no additional cross-border Mastercard fees.
I was first convinced of this when I paid for purchases in Estonia. Unlike the dollar one, the amount was debited from the euro card exactly what was on the price tag.
Another time, I took cash from an ATM in Finland. Withdrawn only € 2.50 - Payoneer commission for each transaction at the ATM. The rule is to withdraw the maximum possible amount at a time, remains in force.
Thus, the main idea is to withdraw money from a euro card in the EU.
If you withdraw euros from ATMs outside the EU, then the commission is likely to reappear.
But I make money in dollars, it won't work for me
Will do.Yes, most of us make and withdraw money to our Payoneer account in dollars. And here the function comes to the rescue - currency conversion. This feature is relatively new to Payoneer. Therefore, not everyone knows about it and actively use it. The option is located in your personal account, in the "History" tab
General scheme
The diagram looks like this:- We receive payments, as usual, in dollars to our Payoneer account;
- Convert dollars to euros in your Payoneer account;
- We withdraw money in EUR from a euro card in the EU.
Commissions
For currency conversion Payoneer charges a commission of 0.5% of the amount. The EUR / USD exchange rate corresponds to the exchange rate at the current moment.I have repeatedly compared the Payoneer course with the course on xe.com. The course was the same, and sometimes it turned out even a little more profitable.
How to get a Payoneer card in euros
If you don't have a Payoneer EUR card yet, you can order it in your personal account.
The possibility of ordering a card may not be available until you have a certain amount in euros on your balance. Usually from 50 euros.
Accordingly, we use a currency conversion service.
If you already have a dollar card, you do not need to pay anything for the issue and annual maintenance of an additional card in euros.
Outcomes
Compare fees for withdrawing money from Payoneer:- withdrawal to an account in a local bank - 2%;
- dollars from a card at an ATM - $ 3.15 + 1.8%;
- dollars from the card at the bank's cash desk - $ 3.15 + 1.8% + possible bank commission;
- national currency (ruble, hryvnia) from a card at an ATM - $ 3.15 + 3.5%;
- euro from euro card at ATM in the EU - € 2.50 + 0.5%.
It is clear that this option is not for every day, since most of us do not live in the territory of the European Union. But when going on a trip, you should take your card in euros with you. It is also profitable for her to pay for purchases on European sites.
With a Payoneer card in euros, there is another way to profitably withdraw money without having to go anywhere. More details in this article:
If you are not already using Payoneer
Register now using the link below and get a $ 25 bonus on your Payoneer account with a total top-up within a year in the amount of $ 1000:* before, to get the bonus, it was enough to deposit $ 100. Now, unfortunately, the conditions have changed. And if on other resources you see a bonus offer from $ 100, most likely they simply did not update the information there.
I myself am an active Payoneer user. If you still have questions or want to make additions to the article, leave them in the comments. It is not necessary to have a livejournal account, you can log in through social networks. Also, in my blog there are other materials about this payment system.