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Microstock Photography Forum - General => Microstock News => Topic started by: Istock News on October 18, 2007, 17:52

Title: Payoneer Partnership
Post by: Istock News on October 18, 2007, 17:52

We"re going to be launching a new payment service for contributors with a company called Payoneer.  
It"s going to be really cool and includes an iStock-branded prepaid Master Card of all things.  The launch will happen sometime before the end of the year, don"t be surprised if you hear about it on the web or somewhere else before that!

We"ll provide you more details when we"re closer to the launch but we"ve heard the word may be out on the partnership and wanted to tell you first, cause we love you so much!
      

Title: Re: Payoneer Partnership
Post by: wysiwyg_foto on October 18, 2007, 18:36

I hope we can opt out.  Every company that I've worked with that does something like this ends up eating up my money - from an annual fee on the card, to the fact that I can't withdraw any of it in less than $20 intervals from a cash machine.  If my payout is $103.42 then I want it all, not just the round $100 that you withdraw from a cash machine.

Title: Re: Payoneer Partnership
Post by: fotografer on October 19, 2007, 00:48

Ona the IS forums they said that you don't have to use this method of payment but can carry on with paypal.

Title: Re: Payoneer Partnership
Post by: Bateleur on October 19, 2007, 01:34

Quote from: istock news on October 18, 2007, 17:52

It"s going to be really cool ...
      

This kills me. They're going to set up a system for holding your money, while raking in some interest on it (no doubt) before you claim it, and they'll probably rake in more on exchange rate transactions, transfer fees, whatever.

Cool for them. Sure.

But for us?

Quote from: istock news on October 18, 2007, 17:52

... and includes an iStock-branded prepaid Master Card of all things ...

Hey! Wow! Yay iStock! That is uber-cool.

Title: Re: Payoneer Partnership
Post by: epixx on October 19, 2007, 03:38

$3.00 per month
$1.35 per ATM withdrawal in US
$2.15 per ATM withdrawal outside US

It's ok for big earners, but for somebody who earns around $100 per month at IS, it's 5% (outside US) with one monthly withdrawal. It depends a bit on exchange rates though. They may be better or worse than the alternatives.

Title: Re: Payoneer Partnership
Post by: hatman12 on October 19, 2007, 04:20

No thanks.

Title: Re: Payoneer Partnership
Post by: dbvirago on October 19, 2007, 05:16

I just got a MasterCard for my paypal , so I can use it as a business account. No fee and $1 ATM.

Title: Re: Payoneer Partnership
Post by: rosta on October 19, 2007, 07:13

I have the paypal mastercard as well but so many online retailers take paypal now, I use it very rarely.
rosta

Title: Re: Payoneer Partnership
Post by: dbvirago on October 19, 2007, 07:43

Agree. Most online purchases are B&H and they take Paypal. This was for photography related purchases at walk-in stores and business related expenses.