Ok, I have been using paypal for a while now and am really getting sick of the ridiculous currency exchange rates. They rip me off nearly 3% every time I have to convert USD into my local currency = hundreds of dollars a month. Now, I am considering registering for a payoneer debit card because their fees are low. What I want to know is, are their currency conversions accurate? And real time? I need to know, because this issue is costing me quite a bit every month. Appreciate any comments!
I really can't pinpoint how much the payoneer exchange rates are they vary each day and rely on the visa/mastercard network exchange rates (which I believe are very low). Also, payoneer doesn't provide a breakdown of your withdrawal transaction so I'm unable to compare the exact exchange rates between paypal and payooner. What I love about payoneer though is the fact that funds are readily available for withdrawal unlike in paypal wherein I have to wait a week for the funds to reach my bank account.
Thanks guys, as long as the currency conversions are accurate, I'm sold. Anyone else have a payoneer card?
If your looking for some reviews you may want to checkout: http://forums.digitalpoint.com/showthread.php?p=8578468 Many members have posted their opinions about Payoneer in that thread.
If you are talking about the exchange rate it uses when you withdraw from the ATM Machine, the exchange rate is determined by the Bank who owns the ATM Machine. I did try two different ATM machines from different banks and their rates varies.