Author Topic: Payoneer offers better exchange rates than Paypal and is just as easy to use (Read 14206 times)

Justanotherphotographer · « **Reply #25 on:** September 16, 2021, 02:35 »

Quote from: dook1000 on September 15, 2021, 12:02

Quote from: Justanotherphotographer on September 15, 2021, 04:04
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!

Justanotherphotographer · « **Reply #26 on:** September 16, 2021, 02:38 »

Quote from: k_t_g on September 15, 2021, 22:42

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.

dook1000 · « **Reply #27 on:** September 16, 2021, 06:06 »

Quote from: Justanotherphotographer on September 16, 2021, 02:35

Quote from: dook1000 on September 15, 2021, 12:02
Quote from: Justanotherphotographer on September 15, 2021, 04:04
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%

Findura · « **Reply #28 on:** September 30, 2022, 11:52 »

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 ?

alijaber · « **Reply #29 on:** September 30, 2022, 15:15 »

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...)

Justanotherphotographer · « **Reply #30 on:** October 01, 2022, 04:03 »

Quote from: Findura on September 30, 2022, 11:52

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.

Justanotherphotographer · « **Reply #31 on:** October 01, 2022, 04:03 »

Quote from: alijaber on September 30, 2022, 15:15

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?

Findura · « **Reply #32 on:** October 01, 2022, 05:45 »

Quote from: Justanotherphotographer on October 01, 2022, 04:03

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.

Anyka · « **Reply #33 on:** July 13, 2023, 06:50 »

I'm "waking up" this old topic, because I noticed that Payoneer is not so favorable anymore.
Today I received 245 dollars from Depositphotos, and only 242 dollars "arrived" in my Payoneer account. A withdrawal request into euros would result into 212,23 euros.
I stopped the procedure, and did a simulation of the same 245 dollars with Paypal, and this simulation resulted in 213,31 euros, on the same day.
Did anything change at Payoneer, resulting in less favorable exchange rates, or an extra fee?

Justanotherphotographer · « **Reply #34 on:** July 13, 2023, 08:45 »

Quote from: Anyka on July 13, 2023, 06:50

I'm "waking up" this old topic, because I noticed that Payoneer is not so favorable anymore.
Today I received 245 dollars from Depositphotos, and only 242 dollars "arrived" in my Payoneer account. A withdrawal request into euros would result into 212,23 euros.
I stopped the procedure, and did a simulation of the same 245 dollars with Paypal, and this simulation resulted in 213,31 euros, on the same day.
Did anything change at Payoneer, resulting in less favorable exchange rates, or an extra fee?

No change. Payoneer will almost always charge a flat $3 fee. So you need the payment to be over $300 to really get a better deal.

Justanotherphotographer · « **Reply #35 on:** July 13, 2023, 08:46 »

[quote author=Justanotherphotographer link=topic=36476.msg566918#msg566918
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.
[/quote]

^^

Findura · « **Reply #36 on:** July 25, 2023, 11:40 »

Quote from: dook1000 on September 15, 2021, 12:02

I'm not charged any additional fee from Payoneer when receiving payments from Shutterstock. Where did you see this fee?

When I receive payments from SS, no additional fees are charged.
But if I receive payments from AS (over $100), then $3.00 fees will be deducted.

Anyka · « **Reply #37 on:** July 25, 2023, 11:43 »

Quote from: Findura on July 25, 2023, 11:40

Quote from: dook1000 on September 15, 2021, 12:02
I'm not charged any additional fee from Payoneer when receiving payments from Shutterstock. Where did you see this fee?

When I receive payments from SS, no additional fees are charged.
But if I receive payments from AS (over $100), then $3.00 fees will be deducted.

Same here!

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Author Topic: Payoneer offers better exchange rates than Paypal and is just as easy to use (Read 14206 times)

Justanotherphotographer

Justanotherphotographer

dook1000

Findura

alijaber

Justanotherphotographer

Justanotherphotographer

Findura

Anyka

Justanotherphotographer

Justanotherphotographer

Findura

Anyka

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