Microstock Photography Forum - General > Payoneer

Payoneer now available as payout option on Pond5

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Nissim-Payoneer:
Hi Everyone,

I'm happy to announce that we've recently partnered with Pond5 to provide you with new payout methods! You can now withdraw earnings from Pond5 via Payoneer, either to a Payoneer Prepaid Debit MasterCard or directly to your bank account.

If you are already selling on Pond5 and want to begin getting paid with Payoneer, simply sign into your Pond5 account, go to “Contact Info & Payout Preferences” and select Payoneer. If you are an artist or media maker and are not yet selling on Pond5, make sure to check it out by going to  http://www.pond5.com

somethingpretentious:
Remember that Payoneer charges insane commissions and are very very intransparent about it. It might look fine, but it is not. Payoneer might be relevant if you live in the US. For anybody else there are better solutions.

Nissim-Payoneer:
Thank you for taking the time to provide your feedback.

Our goal is to be very upfront and transparent about our fees, and to provide the best global payout solutions available. If you'd like to send me a message with your Payoneer account e-mail address, I'd be more than happy to check your account and provide details specific to you.

somethingpretentious:
I am sorry but my intent is not to have private email correspondence, but rather make people aware that Payoneer is probably the worst payment option they can choose. Payoneer thus charges outrageous commissions on all their transactions - I have seen as much as 3.75% splits over normal exchange rate for purchases and withdrawals in other currencies than US dollar.

Pauoneer even have a 1% transaction fee for purchases in US dollar made in the US - at least for non US card holders.

It is just ridiculously expensive, but unfortunately most people do not realize this. If they did, no one would use it, that is sure.

Nissim-Payoneer:
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.

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