Question about Payoneer...would you recommend it over Paypal?


#1

Hi all…(the new look seems very different) I am asking about Payoneer, when offered an opportunity to use it for direct deposit opportunity. I’ve been a loyal Paypal user for a long time (especially if you are going to purchase anything on eBay or some other place) My big question is re: fees. Security at Paypal is top notch (a good thing) I wonder why I was not offered a direct deposit opportunity through them?

Some article I read said something about a $29.95 fee that would be incurred through Payoneer; I could have misread something there…something about a Master card? (I’m not interested) Can someone enlighten me a little? Security is important too, but I don’t want to be nickeled and dimed for everything.

Thanks in advance!


#2

Unless you want to use payoneer for buying stuff online, I don’t think there’s anything to worry about.

I have used payoneer and it is a good platform for direct deposit of money.

I live in India and it takes PayPal around 5 days to deposit the money to my bank account. But with payoneer, the transaction time was 24 hours. It is automatic.

I think it is for Indian customers, but you can always send a message to the support team there and they will help you understand the platform better.


#3

i used payoneer since last years and i thin it’s best service. payoneer charge approximately $30 annual fee. deposit option is too fast and it takes only a day . the security of payoneer is also a top notch and payoneer work with all major freelancing sites.


#4

Hmmm…I really have no need for the Master card and I can’t see paying a $30 fee like that unless I were dealing with some really big sums…Have to have a think about that one!


#5

Does it ( payoneer ) take any processing fee ?
Is it free for all around India ?
Please let me know thanks :slight_smile:


#6

Payoneer has really high transaction fees. I wouldn’t go with Payoneer unless I had any other option.


#7

Payoneer is completely free :slight_smile:


#8

Payoneer is completely free for India Customers.


#9

I just used it for the fist time, it works fine but I would only use it to transfer a big amount as they charge 3 dollars just for that, and if you are outside the US apparently 2% of the whole amount for currency conversion which is really a lot, I think paypal charges less than that for currency conversion?


#10

No, because in my country has really crazy additional fees. I don’t know the rates with other countries. Paypal is the only one I’ll be relying on for now. haha!


#11

Strange fiverr support. I have created a ticket for payoneer support 5 days ago nothing responded also create another ticket but same thing…very frustrated and policy is not really good.


#12

Yes, well, I’m not in India, so it’s not free for me, which is why I won’t ever use it.


#13

Paypal forces to use local currency in my region, also it can happen that out of nowhere they will “temporarily” lock your account with all funds being frozen up to 6 months, especially it should concern people ourside US, Europe… They did that to me and their support is absolutely useless when it comes to such cases. I prefered paypal before, now payoneer is the best solution that allows me to receive what I actually earned. Thanks fiverr for working with payoneer.


#14

I just got an email that Payoneer saying they can’t transfer my money to my bank. They already have my information but are now asking me to send a voided check or bank statement. This seems phishy to me.

Over a week after attempting my first direct deposit and I still don’t have my money. I won’t be using Payoneer again.


#15

I used both and I can say both of them are good I’m outside the Us but it works awesome for me I use Payoneer for withdrawing money cash and PayPal for online purchases as its more secured than a Credit Card but I agree that Payoneer is better for me as PayPal not free in my country you have to pay about $60 to $65 each year


#16

In addition with processing fees, Payoneer charges $29.95 annual fee for maintenance.


#17

that’s how it works mate even PayPal charges those fees when you buy from a website like Fiverr or so! sending and receiving money through it…etc everything has a price


#18

Thanks for the tips. It is very helpful for me.


#19

i guess you are a big fan of payoneer … In this thread above someone told that they charge 23$ as annual subscription … Is it true ?


#20

Yes its also helpful discussion for me, Thanks