Payoneer withdraw to local bank

by matta
26 replies
Hi,

Today I've activated local bank withdrawal service. Is there anyone who tried?
I want to know about their fees. Is there any hidden charges?

Please share amount you've withdrawed and amount you've received.

Thanks
#bank #local #payoneer #withdraw
  • Profile picture of the author webhosting
    There are some fees, but I was informed about them so I cannot call them hidden. I am not sure how much they charge now, however, I have found older confirmation email from them:

    Payoneer has made a bank transfer of $549.46 to your bank account ending in ....

    This transfer includes all payments that were pending in your account, minus the $15.60 fee.
    This email comes from august 2012.
    Signature
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    • Profile picture of the author matta
      Originally Posted by webhosting View Post

      There are some fees, but I was informed about them so I cannot call them hidden. I am not sure how much they charge now, however, I have found older confirmation email from them:

      Code:
      Payoneer has made a bank transfer of $549.46 to your bank account ending in ....
      
      This transfer includes all payments that were pending in your account, minus the $15.60 fee.
      This email comes from august 2012.
      Thanks for sharing your experience.
      Yeah, I too wont call it hidden fees but unable to find fixed fees.
      I've read payoneer FAQ pages it says, fees are vary on countries.

      Originally Posted by simobens View Post

      fees of payoneer are 29$ yearly .... and 1% every withdraw to the us payement service ... if you are talking about ATM withdraw it vary by country (in morocco 4$ every ATM withdraw ) ... but payoneer still the best way to withdraw your money.
      I need to know about payoneer local bank withdrawal fees. You misunderstood bro. Anyway I appreciate your reply

      Keep sharing your experience
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  • Profile picture of the author simobens
    fees of payoneer are 29$ yearly .... and 1% every withdraw to the us payement service ... if you are talking about ATM withdraw it vary by country (in morocco 4$ every ATM withdraw ) ... but payoneer still the best way to withdraw your money.
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  • Profile picture of the author Nissim
    Hi,

    If you signed up for our Global Bank Transfer Service, and not the Payoneer card, the fees are listed during the initial application. You can also then sign into your Payoneer account online and view a full list of fees at any time.

    In general the charges involved are:

    - A flat fee per transfer. For USD this is $15, for non-USD this is $2.99
    - Funds are converted from USD to your local currency using rates of up to 3% above the official mid-market rate

    Also note that we support local bank transfers in over 80 countries. This means that we are sending your payments from a local bank in your country, in your local currency. You pay no international landing fees and receive funds within 1-3 business days (or in some countries even less).

    I'd be happy to answer any additional questions.
    Signature

    Nissim
    Director of Community at Payoneer

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    • Profile picture of the author matta
      Originally Posted by Nissim View Post

      Hi,

      If you signed up for our Global Bank Transfer Service, and not the Payoneer card, the fees are listed during the initial application. You can also then sign into your Payoneer account online and view a full list of fees at any time.

      In general the charges involved are:

      - A flat fee per transfer. For USD this is $15, for non-USD this is $2.99
      - Funds are converted from USD to your local currency using rates of up to 3% above the official mid-market rate

      Also note that we support local bank transfers in over 80 countries. This means that we are sending your payments from a local bank in your country, in your local currency. You pay no international landing fees and receive funds within 1-3 business days (or in some countries even less).

      I'd be happy to answer any additional questions.
      That mean if I transfer,
      500 EUR fees will be $2.99
      500 USD fees will be $15

      Am I correct ?
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    • Profile picture of the author Zaman1985
      Dear Nissim ,

      I applied for a payoneer card I did not have any response for more then 1 and half month How long will it take review my documents ? My reference id is LTK12153010861288X
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  • Profile picture of the author Nissim
    For payments directly from partners of ours (companies that pay with Payoneer) to your bank account, yes.

    We also just released a new service that allows you to withdraw your Payoneer account balance (which you can access using your Payoneer card) directly to your local bank account. That would be a different service which is explained fully via your Payoneer online account. If you don't see that option yet it means it is not yet available, and we are working to make it available to more accounts in the near future.
    Signature

    Nissim
    Director of Community at Payoneer

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    • Profile picture of the author matta
      Originally Posted by Nissim View Post

      For payments directly from partners of ours (companies that pay with Payoneer) to your bank account, yes.

      We also just released a new service that allows you to withdraw your Payoneer account balance (which you can access using your Payoneer card) directly to your local bank account. That would be a different service which is explained fully via your Payoneer online account. If you don't see that option yet it means it is not yet available, and we are working to make it available to more accounts in the near future.
      I've already activated it by requesting.
      My country only support USD and EUR. I really want to find out the best currency for withdrawal.

      I'd appreciate if you can explain how non-USD currency + fees works with an example.
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    • Profile picture of the author ismath
      Originally Posted by Nissim View Post

      For payments directly from partners of ours (companies that pay with Payoneer) to your bank account, yes.

      We also just released a new service that allows you to withdraw your Payoneer account balance (which you can access using your Payoneer card) directly to your local bank account. That would be a different service which is explained fully via your Payoneer online account. If you don't see that option yet it means it is not yet available, and we are working to make it available to more accounts in the near future.
      Hi.
      when will that Bank withdraw option available for Sri lanka? and can i get fiver card? but i have Payoneer Card Can i use 2 Cards?
      Fiverr Revenue Card
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  • Profile picture of the author Nissim
    [DELETED]
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    • Profile picture of the author ismath
      Hi.
      when will that Bank withdraw option available for Sri lanka? and can i get fiver card? but i have Payoneer Card Can i use 2 Cards?
      Fiverr Revenue Card
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      • Profile picture of the author JustineR
        Hi Ismath,

        In order to associate your Fiverr account with your existing Payoneer card, please complete the following steps:

        1. Please log in to your Fiverr account and submit a new Payoneer application, using a different email address than the one associated with your existing Payoneer account (needs to be a valid email address that you can access).

        2. Once you submit the application you will receive a reference number via e-mail confirmation. Please reply to this e-mail with the reference number after you’ve received it.

        3. Once we receive the reference number for the new application, we will assist you with merging the Fiverr account to your existing Payoneer card.

        With regards to your interest in our Withdrawal to Bank Account Service, this is a new service we introduced as a pilot program a little while ago. It's currently not available for all our account holders and we're just testing it right now. We hope to open up the option and enable the service for more people in the near future. I'm sorry for any inconvenience this may cause you.
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  • Profile picture of the author romipayoneer
    Hi Zaman1985 - The reason is that you already have an account. Your card is on its way to you, it should arrive this week.
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    Romi
    Community Manager at Payoneer
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  • Profile picture of the author stevenjacobs
    Banned
    yeah I like the payoneer has there own support guy on warrior forum
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  • Profile picture of the author aja akira
    Charge may varies from country to country. You also need to know it.
    Signature

    "Be aware for the next world"

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  • Profile picture of the author Hossam Hossny
    I have contacted Payoneer multiple times regarding activating the bank account withdrawal (my country is supported) and they never got back to me. It's been a month, so anyone have a way to activate this service? Also will the funds withdrawn be in USD or get exchange in your local currency?

    I am being robbed in currency exchange over ATM (10% over my bank advertised USD rates) which is why I need to withdraw the funds in USD and the only option is to have it wired. There was a way to do this by loading my Skrill account using my Payoneer mastercard and then withdraw to my bank, but they have a limit on credit card deposits even when verified, and in addition they now say that due to my country "restrictions" they cannot issue a wire transfer in USD (yet they are totally fine with uploading in USD) but they can only do that in EURO. Well, in Egypt we only deal in EGP and USD so am not sure from what book they bring out these restrictions.

    Back to Payoneer, is there a way to withdraw in USD other than travelling to another country that have USD ATM machines?! For God sake it is almost 2015 and I can't believe such companies still make it hard for people.
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  • Profile picture of the author Nissim
    Please send me a message with your account e-mail, and I'll be happy to check that for you.
    Signature

    Nissim
    Director of Community at Payoneer

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    • Profile picture of the author Hossam Hossny
      Originally Posted by Nissim View Post

      Please send me a message with your account e-mail, and I'll be happy to check that for you.
      I just did
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    • Profile picture of the author Hossam Hossny
      Originally Posted by Hossam Hossny View Post

      I just did
      Originally Posted by Nissim View Post

      Please send me a message with your account e-mail, and I'll be happy to check that for you.
      Nissim, I contacted you three times and I never heard back from you. Please find my e-mail from hossam@trexle.com and let me know why the withdrawal to bank account option has not been enabled yet although I have been asking everywhere (personally to you and Faiz in direct e-mails, on Payoneer customer support, and on multiple forums/blogs including Payoneer's blog) for over a month.

      I am wondering also if the withdrawal would involve a currency exchange from USD into my local currency or it will just be transferred as is in USD (which is required).

      Kindly reply here.
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  • Profile picture of the author tdanz
    You can get your own debit card with Payoneer..easiest way to go, however it cannot be on a company name but has to be on a persons name.
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  • Profile picture of the author warrior2008
    Funny you should mention Payoneer. I have had $100+ bucks in there from my Clicksure commissions when I had my site listed there. The only problem is that their minimum threshold to pay you is $500. Don't know when I will clear that unless I go back to them. Anyways, that's my ONLY experience with them.
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    • Profile picture of the author luckyman2k
      Hello

      I m from India. Can I use payoneer to Accept affiliate commission?

      I already check payoneer site

      payoneer.com/India.aspx

      "Get Paid Directly to Your Local Indian
      Bank Account in INR at Low Cost"


      But the Problem is, when i try to sign payoneer, India Is Missing from there list.

      Please check it.

      http://i.imgur.com/7ghLv11.gif

      http://i.imgur.com/q16Z4zj.png

      Important Update :- NOW INDIA IS IN THE LIST.
      --------------------------------------------------------------------

      I sign Up again On 27th April and My application is Approved.

      Dear **************,

      Congratulations, your Payoneer application has been approved and you can now begin receiving payments!

      ===>>> BUT- Another problem <<<======

      Today I try to add Payoneer at payment option at sellhealth, markethealth . Its Not working. I m getting the message, to Open a new account.
      I contact there support team, they are suggesting to Open a new account. (Not sure why)


      Our Company is a Pvt Limited company.


      Question-

      1. Can I open account with them? As a company, not as individual.

      2. Payoneer is working for Indians?? Just asking? Now i have serious doubts.

      3. I m trying to Open account since 3 April. No success what so ever. In other words, I m struggling since last 30 days)
      At the beginning, I though, that Payoneer can be Ordinate for paypal. But it not the case. If they can't approve a new account In 30 days, we have all possible Govt documents, then what we can expect


      4 Lastly. any Indian is using Payoneer for Fiver?

      The only question is, that Payoneer is working for Indians or Not ?

      Thanks In advance.
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      • Profile picture of the author Nissim
        @luckyman2k: When you sign up, you need to select the bank option. We don't currently support the Payoneer card for India.

        You can open an account as a company, and we have many users from India at the moment (including from Fiverr)
        Signature

        Nissim
        Director of Community at Payoneer

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        • Profile picture of the author Craigcmatthew
          Originally Posted by Nissim View Post

          @luckyman2k: When you sign up, you need to select the bank option. We don't currently support the Payoneer card for India.

          You can open an account as a company, and we have many users from India at the moment (including from Fiverr)
          Hi.
          Nice to see a payoneer representative active here. It's very re-assuring. I have a question:

          On this page:
          http://www.payoneer.com/WithdrawToBank.aspx

          India is not the list, it also says on the page: "Withdrawal to local bank accounts is currently available only for the countries listed above. "

          So is withdrawal possible for Indian users? I'm registered and US Payment service is approved, but I see no option to add bank details.

          Also, how risky is it to use Payoneer to receive payments from Amazon affiliate?
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  • Profile picture of the author Joan Altz
    The fees depend on where you live I think. In my country there are no transfer fees at all, and Payoneer transfers money to my local bank at a higher rate of exchange than PayPal. I'm really impressed with Payoneer to say the least.
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  • Profile picture of the author grandstar
    I misplaced my atm card. How do i get it replaced.

    Also i want to get a US bank account. Cant find a link

    Thanks
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