Payoneer: Good or Bad? Share your experiences. [POLL]

I'm using payoneer for last 1yr. and still no problem at all. Secondly, it helps me to verify my PayPal A/c as well.

 

ya deffinalty as its like CC and you fill it up with money, you pay for stuff probably with online as a CC and skip paypal. Also good for those things maby don't accept paypal.
I'm getting a Payoneer card soon with Mediashakers.com, Hasn't arrived yet in mail box though.
Still waiting.

 

I love payoneer.

I just hope they could provide a much more detailed breakdown of each transaction. Being in a country that doesn't use dollars as main currency, I'm often lost as to how much the exchange rates are and how much the total fees were. All I'm provided with is the total amount deducted from my account.

 

Well, if you are referring to ATM withdrawal, go to 'View Transactions' after you login to Payoneer. Then just click on the 'Description' column for the item you want more details for. This will open a new windows which would have more details.

Personally I have not paid using the payoneer card for non-US transactions but I do use it to withdraw from my local ATM machine. In the description, you will see both the amount in US$ and in your local currency. Something like

 

So is it still beneficial for countries that are supported by sites like PayPal?

 

Fee is too high as compared to Paypal as payout. But still i use them just for sake of quick cash in my hand.

 

Well, it really depends. I am from Singapore which is supported by Paypal and I can withdraw paypal funds directly into my local bank account. I have a local credit card which I can use for international purchases too.

However with that said, I still have a payoneer card because my main income comes from Plimus.com which provides an option to pay to the payoneer card, on top of the standard wire transfer, check and paypal. As I still pay for bills for hosting and software which is in US$, the payoneer card allows me to save on exchange fees and all the other charges which the local bank tags on.

At the same time, once Plimus pays me, the money gets straight to my payoneer card which I can just pop into my local ATM and withdraw, I do not need to wait more than 24 hours for the money to get to my account. Withdrawal from Paypal would take 5 to 7 working days and wire transfer is expensive.

I still use my local credit card to make local purchases.

 

Finally I received the Mail from Payoneer support saying

Is there any charges for using the service ?

@ Eddy , did you follow the same process ? - Is there any charges using the service ($99?/year ) ?

Regards,
MB

 

I would not want to comment about the fees as I am not sure if it is fixed or not. I did not follow any of the above which you mentioned, I just received an email telling me that I am invited to the beta test.

Like I said, be patient and wait till the option is made public. At the moment there are some kinks in the system which I would not want to discuss in public.

 

The issue with Paypal is cashing out from your account internationally. Only if your country is supported you can withdraw the funds into a local account, which takes some time and usually more expensive. With the Payoneer card you not only can cash out from PayPal with the Virtual Account but you can get payments from any US corporation that cashes out using direct deposit. This opens up the door to get all your payments into one source and then use it everywhere online and/or offline at any local store or ATM.

 

been using them for about 4 months, excellent service never had any problem. my rating is 9/10

 

I never tried them before. I am happy using paypal and MB