Quote from: Pixart on June 10, 2011, 16:31
Sorry - read it wrong - you knew that.Payoneer's page says in small print * Currency conversion applies to local currency transfers - but can't find where they hide what today's exchange rate is.
When I asked them they said that exchange rates were according to Mastercard, which is what the card is. Using the Mastercard current conversion tool which gives the rates according to date, they show the Canadian rate as:
0.9725
Paypal, on the same date, charged me this rate on a withdrawal into Canadian:
0.944526
I'm unclear so far if the Mastercard rate is what Payoneer will charge directly, but assuming the 6.95 is the only fee, then you make up the $6.95 fee difference as long as you are withdrawing over $250. That said, you are just breaking even at that point. Paypal seems better for the $150 transfers, while Payoneer seems to win after you get above $250. I'm interested in that you seem to save on larger amounts, it goes right to the back, and you aren't dealing with PayPal. With PayPal I have had numerous occasions where they locked my account after I used PayPal when not at home and making a purchase (i.e. buying an e-book on the road), and that meant a few weeks before I could get home, make the required phone call and get my account restored. All that time they had my money and I couldn't access it.

Payoneer's page says in small print * Currency conversion applies to local currency transfers - but can't find where they hide what today's exchange rate is.
It assumes that all submitters are photographers. I am an illustrator, I never stoop to submiting mere photos. (Photography is for people who want to make pictures but who lack skill, talent, and imagination.)