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Old 10-11-2010, 11:09 AM  
VforVendetta
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[Payoneer] About the cross border fees on purchase, can be up to 3%

I did a transaction on Paypal on USD, and other purchase on name.com, and everytime i paid fees on these purchases, around 1.5%. So i asked to the support, and today i receive the anwser. I think could be interested to someone:

Quote:
Anytime money crosses borders or currencies, MasterCard and the issuing bank apply processing fees to the transaction. This is true of both POS (Point-of-Sale) and ATM transactions.

When the Payoneer card is used for non-USD transactions, a currency conversion fee takes place based on MasterCard®'s exchange rate, which is adjusted regularly based on market conditions.

A similar fee is applied when your MasterCard card is used in USD but in a country other than that of the issuing bank. The combined processing fee charged with the Payoneer card, including MasterCard® and bank charges, can be up to 3%. Please note that currency conversion fees and cross border fees are charged by all banks and by MasterCard, and the fees charged with Payoneer cards are among the lowest in the market.
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