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Author Topic: Payoneer offers better exchange rates than Paypal and is just as easy to use  (Read 9416 times)

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« Reply #25 on: September 16, 2021, 02:35 »
0
Okay, looks like it isn't random, they will be applying a $3 fee to every payment from sites.

This changes it from a no brainer to a terrible deal for low cash outs. Anything less than a few hundred dollars and you could be paying more for Payoneer than you would be with paypal. I will still use Payoneer for SS or AS for example as it is still a much better deal for those. Definitely will not be using them for lower paying sites I cash out a t the $100 mark though.
I'm not charged any additional fee from Payoneer when receiving payments from Shutterstock. Where did you see this fee?

They sent me a message saying they are going to start charging it for one of the sites, then a couple of weeks later a series of messages which I think cover all of the remaining sites I have switched. They give a date a couple of months in the furture and say that it isn't retroactive. If you haven't got the message alert on your dashboard you shouldn't be charged (I assume). I will keep using them until that date then switch back to Paypal for smaller payments. At least they gave me plenty of warning!
« Last Edit: September 16, 2021, 03:30 by Justanotherphotographer »


« Reply #26 on: September 16, 2021, 02:38 »
+2
I think I seen it in the FAQ recently when I was doing a bit of personal research. So far nothing is better then PayPal. ☹️

Still figuring out my situation regarding this new policy in PayPal. Looks like the internet is becoming more and more unaccessible to those who are not well off. A total opposite to what was to happen.

Payoneer is still much better for me for larger payments thanks to the much better exchange rate. Just not for smaller payments when the charges start, as $3 is a massive chunk of $100 (but next to nothing of $3000-$5000). Either way I have saved a good few hundred dollars switching but people need to know what they are getting into.

I look forward to when the new wave of fintech providers has a bigger slice of the market and all these legacy providers can be ditched.

« Reply #27 on: September 16, 2021, 06:06 »
0
Okay, looks like it isn't random, they will be applying a $3 fee to every payment from sites.

This changes it from a no brainer to a terrible deal for low cash outs. Anything less than a few hundred dollars and you could be paying more for Payoneer than you would be with paypal. I will still use Payoneer for SS or AS for example as it is still a much better deal for those. Definitely will not be using them for lower paying sites I cash out a t the $100 mark though.
I'm not charged any additional fee from Payoneer when receiving payments from Shutterstock. Where did you see this fee?

They sent me a message saying they are going to start charging it for one of the sites, then a couple of weeks later a series of messages which I think cover all of the remaining sites I have switched. They give a date a couple of months in the furture and say that it isn't retroactive. If you haven't got the message alert on your dashboard you shouldn't be charged (I assume). I will keep using them until that date then switch back to Paypal for smaller payments. At least they gave me plenty of warning!
Thank you for the info. I haven't received these emails yet. But only agencies that send payments without asking your permission (once a month) are SS and 123RF. All the other send it on your request. Assuming that SS is not the problematic one for small payouts, on123RF there is an option to set minimum payout to 500$. So 3$ would be 0.6%

« Reply #28 on: September 30, 2022, 11:52 »
+1
My currency is Euro.
Payoneer is still the better solution for payouts over $100 ?

If I receive every month to my Payoneer account, then I don't need to pay non-usage fee, right ?
I don't have to use the Payoneer credit card necessarily, right ?

« Reply #29 on: September 30, 2022, 15:15 »
+1
In my case, they deduct automatically 3$ of payments coming from As and P5, nothing from SS.
Looking at history, they deduct 3$ as a "Maintenance fee" most of the months despite that I have a lot of activity in my account (buy online, use ATM's...)

« Reply #30 on: October 01, 2022, 04:03 »
+2
My currency is Euro.
Payoneer is still the better solution for payouts over $100 ?

If I receive every month to my Payoneer account, then I don't need to pay non-usage fee, right ?
I don't have to use the Payoneer credit card necessarily, right ?

Yes you don't need a card. I just transfer out to my bank account like would with PP. $100 probably not worth it. For most agencies (not all, I believe DT doesn't) they take a $3 fee when you receive the money. Typically their rates are 1-2.5% better than Paypal, so I would say 2-300 is where it makes a difference. I save a couple of thousand dollars a year since switching most of my payments over to them.

« Reply #31 on: October 01, 2022, 04:03 »
0
In my case, they deduct automatically 3$ of payments coming from As and P5, nothing from SS.
Looking at history, they deduct 3$ as a "Maintenance fee" most of the months despite that I have a lot of activity in my account (buy online, use ATM's...)
Weird, I don't have to pay that maintenance fee, maybe because you have the card?

« Reply #32 on: October 01, 2022, 05:45 »
0
Yes you don't need a card. I just transfer out to my bank account like would with PP. $100 probably not worth it. For most agencies (not all, I believe DT doesn't) they take a $3 fee when you receive the money. Typically their rates are 1-2.5% better than Paypal, so I would say 2-300 is where it makes a difference. I save a couple of thousand dollars a year since switching most of my payments over to them.

Sounds good to me. Will try it out and compare with Paypal.


 

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