Payoneer MasterCard card experience in Russia. Payoneer - withdrawal of funds to a bank account in Privatbank Withdrawal of money from payoneer to a Sberbank card
Despite the fact that Payoneer declares the possibility of withdrawing funds to any local bank account, this is not entirely true. For example, make a withdrawal in hryvnia, on this moment perhaps only by becoming a client of Privatbank. Currency, only US dollars can be sent to the account of any Ukrainian bank.
The scheme works very simply: you draw up a withdrawal in your personal account on Payoneer. com and receive funds to an individual's account in Privatbank, which must first be opened. If a payment card is linked to the account (and this is a common practice), then the money received becomes available immediately.
- You can use the balance of your Payoneer account in any currency for withdrawal.
- The Privatbank account must be opened in the name of the Payoneer account holder.
- You can send an amount not less than 50 and not more than 10 thousand dollars.
- Enrollment takes 2-3 working (banking) days.
- Withdrawal is possible only in national currency – hryvnia and US dollars.
- The exact exchange rate is not reported, only information is provided that it is “average market”, you can find it out only after the fact. Tentatively, it will correspond to the rate on XE.com on the day of the operation. The MasterCard rate is only used when withdrawing funds from ATMs.
- Transfer fee is 2% of the amount.
- Crediting to the account occurs without commission.
- A commission may also be charged for withdrawing funds from a card or Privatbank account, it all depends on the type of card. For example, with "Universal" it provides a commission of 1%, "For Payouts" - no commission.
- Judging by the reviews, in fact, taking into account the commission and conversion, you will receive a rate that will differ from official exchange rate Privatbank. For example, at a rate of 26.90, count on 25.90 or so.
Why do you need a withdrawal?
Everyone answers this question for himself. It all depends on your specific needs. Here are the main pros and cons.
Main advantages
Residents of Ukraine Payoneer allows you to register an account without extradition payment card mastercard. In this case commission for annual maintenance in the amount of $29.95 will not be charged, and only standard tariffs are applied to incoming amounts (1%). A Payoneer card can be issued at a later date if needed. You can withdraw the funds received on the balance of your Payoneer account to a bank account.
Understandable commission v 2% of the withdrawal amount is significantly lower than the standard Payoneer ATM withdrawal rate, namely $3.15 + 3.5% per conversion (this is the maximum, usually less). Most ATMs dispense a maximum of 40 banknotes, i.е. it will not be possible to withdraw more than 20 thousand hryvnias in one operation - and even then, if bills of 500 hryvnias are available. You will also have to pay $3.15 for the subsequent transaction. And given the “banknote issue”, the procedure for withdrawing large amounts can turn into a lottery, since it is not known how many banknotes and what denomination are loaded into the ATM. When withdrawing through an account in Privatbank, everything will be much simpler, especially if you have a card that does not provide for commission upon withdrawal - for example, “for payments” (although in this case the bank will charge an additional commission of 0.5% for crediting funds). Just send the necessary amount to be converted into hryvnias to an account in Privatbank - and have cash at hand, without unnecessary nerves and overpayments. Comfortable. By the way, the maximum amount that can be withdrawn at an ATM from a Payoneer card per day is limited to the equivalent of 2 thousand dollars. Maximum amount for output is 10 thousand dollars a day.
Opportunity to receive cash in the bank's cash desk - dollars. You draw up a withdrawal from the dollar balance of your account to your foreign currency account in Privatbank or any other bank. This is the only possible variant receive foreign currency, since its issuance in Ukraine through ATMs is prohibited, as well as at the cash desks of banks - it will not work to withdraw foreign currency directly from a Payoneer card.
Main disadvantage
Who, from which card, when and how much was withdrawn from an ATM - this not fixed anywhere. It is quite another thing - the payments received on your account in Privatbank. Here they are already may come under scrutiny fiscal authorities. And given the recent nationalization of the bank, this issue has become even more relevant, since, as they say, one does not have to look far for data. It is unlikely that questions will arise if the balance of the account contains amounts of 5-10 thousand hryvnia per month. Although there is no guarantee here either. After all, while the funds are on the balance of Payoneer, for tax authorities information is not available, but as soon as they enter your local account, the recipient should already think about it. We discussed all questions regarding the Payoneer service and taxation in detail in the corresponding article. Briefly, the question is as follows: it is up to you to declare or not received on the account in Privatbank. However, remember that they are sent by Payoneer and stories about what it is " material aid parents for treatment” will not work here. Waiting for an invitation to the tax office, each time sorting out the mailbox, is not a pleasant occupation. If you do not have a main place of work, then it is quite possible to register the 3rd group of SPD FO and transfer some amounts to your Payoneer account, which you will report to tax office. True, in addition to the quarterly fee in Pension Fund you have to pay 5% tax. As a plus, you get official employment and become a “white man” by indicating this data in any visa application form or other document.
How to withdraw funds to an account in Privatbank
Getting a Privatbank card
If you do not have a Privatbank card, you will have to visit a branch with a passport and identification tax number. At the bank, you need to choose the optimal tariff plan, open and receive a card. Do not forget that the received card must be activated: for this, it is enough to request the account balance at an ATM. The easiest option is the “Universal” card in hryvnia, which is issued immediately.
After the card has been received, it makes sense to register with Privat24 and install the appropriate application on your smartphone.
Adding a bank account to your Payoneer account
Now we need to add information about the card, or rather the bank account linked to it, to the Payoneer account. After logging in to the site, click "Withdrawal to a bank account".
If you added bank account details during registration, they will be displayed here, if not, then adding a new one will not take much time. A maximum of two bank accounts can be added to an account. Click "Add New".
Once again confirm your intention to add a new bank account to your account by clicking "Add a new bank account".
Now decide whether “Personal” is an account or “Corporate”, i.e. open on entity. If you opened an account as a private entrepreneur, then also select "Corporate".
Choose the country of the bank, in this case Ukraine. At Payoneer, you can withdraw funds to your own accounts opened around the world, so the list of countries offered is not a formality.
After selecting the country, you must select from the available currency in which the bank account is opened. This is important, by choosing the wrong currency - you risk that the payment will be returned.
We choose Ukrainian hryvnia"UAH" and click "Next".
Withdrawal of hryvnias is possible only to the account of Privatbank, come up with an identifier for this account (we have Privat UAH) and as the account number, enter sixteen digits from the front of the card.
Check the box "I confirm the above bank account details".
On the next page, you will be asked to go through a security check and enter your date of birth, as well as the password to your Payoneer account.
After that, you will receive a notification that the bank account has been added and the verification will take up to 3 days.
But in practice, everything goes much faster. For your email you will immediately receive a notification about adding an account.
The account will indicate that the account is “pending” and it will not be possible to send funds to it yet.
However, literally in a few hours, wait for a letter stating that the account has been approved.
Sometimes, along with the account approval letter, you may receive a letter stating that the added account is not in your name (although this is not the case) and you need additional verification. If you did not receive this letter - this item skip.
Do not be afraid, these are the whims of Payoneer, click the link in the letter and fill out the questionnaire. Enter the registration data for your Payoneer account. If the form opens in English, then the filling language is also English.
Fill in the lower part of the form approximately as we have shown in the example. Just indicate that this is your bank account and click "Submit".
You will receive a notification that the application is being considered. But the withdrawal of funds is already available.
Withdrawals
After the account is added to the account and approved, it will take just a minute to complete the withdrawal request.
In your personal account, select "Withdrawal to a bank account".
Select the balance from which you would like to withdraw. Don't forget that the minimum withdrawal amount is 50 USD/EUR.
Now select the account to which you would like to receive the money, specify the payment ID if desired, and then click "Check".
You will immediately be shown the exchange rate, which usually differs slightly from the bank one for the worse. And if everything suits you, put the appropriate checkmark and click "Output".
At this stage, the security system may again require you to verify your identity. This time you will need to enter the answers to the secret questions that you entered during registration.
After successfully passing the verification, you will receive a notification that the withdrawal has been successfully completed, and the funds will be credited to the account in three to five business days.
In practice, within the next business day, wait for a notification from Privatbank about the receipt of a money transfer.
This article explains how to withdraw money from your Payoneer account to a local bank. Detailed instructions for connecting a bank account to an account.
Money from your Payoneer account can be withdrawn to your local bank account (the option has recently been available for both Russia and Ukraine).
Note! The country of the bank to which you will withdraw funds must match the country that is indicated in the billing address of your Payoneer account.
You can change the country (if you have moved) by contacting Payoneer support and confirming in some way that you live in another country (for example, by providing a scanned copy of paid utility bills). The issue of changing the billing address is solved individually.
Withdrawal of money only possible in bank's local currency(even if you have an account in foreign currency). That is, if according to the billing address you live in Ukraine, then money can be withdrawn only in hryvnias, in Russia - in rubles.
The minimum amount for withdrawals is $200 wholesale canada goose down https://www.canadagoosessale.org canada goose authentic hologram, withdrawal fee - 2% of the withdrawal amount, conversion - at the average market rate.
In Ukraine, money can only be withdrawn to an account in PrivatBank.
Service registration
Go to the menu Withdrawal - To a bank account.
We get to the page and click the Add button.
Next, you need to enter your Payoneer card number and its CVV code (three digits on reverse side cards), your date of birth, and your Payoneer account password.
Confirm the correctness of the data with a tick and click Next.
On the next page, you need to enter information about your PrivatBank account.
Specify the type of bank account - Individual. Country and currency - according to the country in the billing address, no options are given. Name of the bank: in Ukraine only PrivatBank, in Russia you can withdraw money to the account of AlfaBank, Sberbank and other banks.
In the Account name column, enter the name and surname of the account/card holder in Latin letters exactly as indicated on your card or bank statement.
Note! If you want to withdraw money to an account registered in a name other than the name of the Payoneer account holder, Payoneer support will most likely ask you for additional supporting documents.
Enter the account/card number of the local bank.
The Account Description field is mandatory, but not essential. You can write whatever you want. Solely for the convenience of tracking transactions.
We agree to the terms and conditions and click Submit.
After your application has been moderated, you will receive an email.
- Maximum account balance — 10 000$. All money above this limit is on the virtual balance and is transferred to the card as necessary.
- Restriction on payments (withdrawal of cash through an ATM) — 2500USD per day - according to the official Payoneer forum. (In the "terms and conditions" section on the Payoneer offline website - the amount is indicated in 5000USD).
- No more than 10 withdrawals Money at ATMs per day;
- Payment through POS-terminals (for example, payment for purchases in a store or online store) - no more than 9 per day,
- The number of replenishment of the account per day, no more 3 times.
Any transaction made on a non-working day will be considered completed on the next business day.
Commissions for withdrawing cash from a Payoneer card at ATMs and operating cash desks of Russian banks. Where is it cheaper to withdraw money from a Payoneer card (settlement).
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 cash desk). This fixed amount, but its size depends on the partner through which you connected. For example: $3.15
- a fixed fee for cashing out 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 for the operation (to withdraw money from the card of another bank).
Usually than a large amount cash out in one operation - the cheaper it is.
Restrictions on withdrawing money from ATMs (in USD), information may change.
Unicredit, Citibank - 400USD
- Rosbank, Raiffeisen Bank, CreditEurope, Russian Standard Bank - 300 USD
- Alfa Bank - 200 USD
If the ATM prompts you to select the type of bank account - "Current" (Current) or "Settlement" (Checking) account are suitable.
Operating cash desks various banks set an additional percentage for withdrawing cash from a card of a third-party bank:
Avangard, Mosoblbank, Rosselkhozbank - 2%;
Rosbank, Raiffeisen - 3%
Bank of Moscow - 5% (up to 60000), 2% (over 60000)
We will calculate where it is more profitable to withdraw money in dollars from an ATM or cash desk.
Let's take into account Payoneer's limitation on withdrawals in 2500 USD per day.
Let's calculate using the example of the Avangard bank cash desk (2% commission) and Rosbank ATM (operation limit 300 USD).
Operating cash desk with a commission of 2%
Withdrawal amount 2500 USD + 2% (bank fee) + 3.15 USD + 1.8% = 2500 USD + 50 USD + 3.15 USD + 45 USD = 2593.15
Those. on withdrawing money through the bank's cash desk with a commission of 2% we will lose $93.15
ATM
Because limit 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 time for 100:
100+3,15+1,8%=100+3,15+1,8=104,95
Total: 2573.35.
Those. on withdrawing money through an ATM, with a limit of 300USD(even taking into account such an irrational operation as withdrawing $100), we will lose $73.35, which is almost 20USD less than at the bank's cash desk with interest rate 2%.
Even if you shoot at an ATM with a $200 limit(12 times 200USD and once 100USD) - the amount of commissions will be $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, through an invitation link with $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 payoneer card, then it can be ordered in your account and it will be sent by mail for free. 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 fee
Many microstocks and photobanks (including Shutterstock) allow you to withdraw funds to your account payment system Pioneer
Detailed instructions on how to order a Pioneer card and receive a bonus -
In our past articles, we told how, and also examined the instructions in detail. If for residents of Russia everything is simple and clear, since PayPay has been officially allowed to 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 payment on PayPay have a hard time. Almost all methods of withdrawing money are associated with mediation, 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 conversions, 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 suitable only for those who often withdraw a lot through 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 acquaint the reader with this possibility. 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 why 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 an American company that provides a virtual US bank account. In fact, you will not have a real account, you do not sign any documents, you do not 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 stored if the account is virtual and not real? How does Payoneer ensure security? What guarantees does it give? There is a lot of incomprehensible here, and in order to find answers, you need to read the company's official website, specialized blogs, and user reviews of this system. We do not know all the intricacies of how Payoneer works, but we can say that with PayPal, through their cards, you can withdraw money without any problems.
Payoneer assures that in any ATM that serves MasterCard cards, you can withdraw your money without any restrictions.
You can read the reviews of users 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 click the "Register" button. It is noteworthy that the entire site is translated into Russian, as Payoneer is focused on Russian market, and the market of the CIS countries.
There should be no problems with registration, because everything is intuitive. It is very important to indicate real data, and fill everything out very carefully. In confirmation of your registration, an email will be sent to your email address, which will contain all the data that you sent to the system. To avoid critical errors during registration, we recommend using 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 is it. To do this, the letter will contain two links, by clicking on which you will be taken to the page with surveys.
The first link should answer questions about your work. From the drop-down menu, select the type of activity that most accurately characterizes what you do, and then describe (possibly in Russian) what you do. Follow the prompts and do everything as the system indicates.
By clicking on the second link, you will be taken to a page where you need to confirm your passport data and identity. Submit a photocopy of your passport or driver's license. It is very important that the copy was in color, of high quality, it clearly shows the name, surname and date of birth.
Receiving a card by mail and activating it
When registering, you indicate your postal address, which should be received within 3 weeks bank card Payoneer. Also, along with the card, there will be a letter that describes in detail the process of further activation of the card.
The activation process is quite simple. Payoneer offers two ways: contact the operators by phone, or 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.
Learn more about activation in this video.
ConnectionPayPal account to bank account in USA
We want to warn you right away that you take on all the risks associated with linking a US bank account 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 this goes unnoticed, but 1% exists, and you should be aware of the risks.
If you do not yet have a PayPal account, then we advise you to read 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 public institutions. See where there are residential areas, and randomly take something for yourself.
Bank account verification
Having linked the account, you also need to confirm it. This is a standard PayPal procedure, in which you will receive 2 payments of a few cents into your account. After 2-3 days, check your Payoneer account, and as soon as you see the transfer transaction, then go to your PayPal account and indicate the amount of transfers.
Once your bank account has been verified, you will be able to 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 commissions for replenishing and withdrawing money from the card, for transfers and other transactions. You can read more about this on the official Payoneer website.
And having already completed the article, we decided to get acquainted in more detail with the reviews of those who have been using Payoneer for more than a month, or even a year. As it turned out, there are a lot of “pitfalls” in the system, and hidden payments that no one talks about openly. That is why we wrote at the beginning of the article that this map 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 feedback
We will not publish flattering reviews. And so it is clear that the system has a number of pluses and advantages. You should always read negative but truthful comments from users who are trying not to denigrate the company, but to show it. real face. And just a few of these reviews we found on the forums.
Svfoster, Habrahabr site
Payoneer has incredible commissions for…everything. For each movement, for each sneeze, money will be withdrawn (percentage or a fixed rate). The absurdity even comes to the point that the interest is charged for rejecting a transaction, or if you entered the wrong amount at an ATM and could not withdraw money.
So, in order. Open cards - $ 20, crediting money - commission $ 2 (and wait 2-3 days!), for withdrawing money in dollars (PayPal) - commission ~ 3% and there is no word about it anywhere, and if you need to make a refund via PayPal then withdrawn commission do not return. Refusal to withdraw via ATM - $1 per incorrect request, withdrawal via ATM or bank operator - $2.15 per request. Card content $3 per month! In total, in order 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 paying for purchases, which will be $ 360 per year! Do not forget that there will also be a commission for withdrawing money, especially if it is in the currency of your country.
Nikolay, webmaster forum
If you are using Payoneer and you have controversial issue, or if you want to contact support, then stock up on valerian and strong nerves. No support, answers for a long time, does not say anything specific, questions are not resolved. Okay, if only an isolated case, but it happens all the time.
I used Payoneer for a while, endured their robbery, because there was no alternative, but there is a limit to everything. Refused virtual account.
Whether or not you use Payoneer is up to you. We only provided detailed instructions on how to withdraw money from PayPal via Payoneer, and published reviews of those who already use their accounts and cards.
