Microstock Photography Forum - General > Payoneer

Payoneer now available as payout option on Pond5

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somethingpretentious:

--- Quote from: Nissim-Payoneer on November 12, 2013, 14:53 ---This topic is to notify anyone selling on Pond5 of new payout options. These include:

Global Bank Transfers - receive direct bank transfers to more than 200 countries, in over 50 currencies. Cost starting at only $2.99 per transfer with very competitive exchange rates. This is a much quicker and lower cost option when compared to traditional wire solutions.

Payoneer Prepaid Debit MasterCard Card - funds are available within minutes, to over 200 countries, with immediate access to cash in hand.

Regarding exchange rates, please note that funds are converted based on MasterCard's official currency exchange rates. While I do appreciate your feedback, our pricing is extremely competitive when compared to other available solutions and we offer account holders the flexibility to choose the option that works best for them. The Payoneer card offers may benefits, and so does our Global Bank Transfer Service - users should choose the option that works best for them.

--- End quote ---

Mastercard exchange rates vary and the exchange rates payoneer mastercard has are just horrible.

Please explain why Payoneer charges 1% on US dollar transactions made in US with US dollar? I have never heard of any other Mastercard that does that.

Nissim-Payoneer:
This is something called a "cross border" charge, which is not specific to Payoneer and exists with many different online payment solutions, debit cards, and credit cards. You can do a general online search for that term to read more about it.

In addition to the Payoneer card, individuals getting paid from Pond5 or any other company that pays with Payoneer can choose to receive funds directly to their bank account. This service is localized in over 60 countries (and available to over 200), which means that we send funds from local bank accounts, in local currencies. For 6 major currencies we do so using rates of only 2% above the official market mid-rate at the time of transfer, which is an extremely good rate and better than most other wire solutions. At a cost of only $2.99 per transfer this is a great way to receive payments at a low cost.

Of course for anyone looking to receive cash in hand immediately, the Payoneer card still enables you to access funds literally within minutes, which has proven to be extremely beneficial to the millions of people around the world getting paid with Payoneer.

Orchidpoet:
Be aware of this:

Everytime you insert your Payoneer Card into an ATM machine, even if you did not enter a correct PIN and got no cash, you still get charged for a fee. Nissim has confirmed this in our private email exchanges. I think this charge, however small, without a correct pin, is absolutely unauthorized.

I have no issue with Nissim and no doubt he is a hardworking employee on behalf of his employer. But this kind of practice will definitely limit my use of Payoneer Card.

Nissim-Payoneer:
@Orchidpoet: In addition to your comment, which we did speak about via private message, I'd just like to clarify that this is not something specific to Payoneer. If you check with other prepaid card solutions, you will see similar charges for declined or unsuccessful ATM withdrawals.

Tror:
I don`t know where always this possibly false information and negative feedback about payoneer pops up as soon as they post something on this board, but I am very happy with payoneer, never got charged anything unreasonable and they are my favourite payout option.

Thanks guys and keep up the good service and contributor relations by posting and responding here!

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