Quote:
Originally Posted by bigluv
I have to pay , I forget now because I switched off using payoneer as soon as I found out what they were about. Anyways, they charge what, $2 to allow me to receive cash? $5 to not delay my incoming payment DAYS? WTF? Then a percentage of the load? or was it of the withdrawal? And that's just the start, showing their philosophy of nickel and diming you to death. Its been long enough since I did the comparison and was *shocked* that I dont remember all the exact details anymore. ?
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Hi bigluv,
I think it's important to see the whole picture here. You are only comparing certain fees that we have that others don't. But looking at the big picture, we have no annual fee, and definitely not $45. We don't charge anyone upfront for payments they haven't made. Our monthly fees are only charged when you actually have money in your account - no money = no payment, and if you reach a certain amount of activity, even that fee is reduced to $1.
We have a pay-as-you-go fee structure. We issue and send you a card at our own risk - you pay nothing for this service. We don't believe in people paying for a service they don't receive.
Neither you nor any partner pays a percentage of the load. When there is a p2p transfer, there is a processing fee that is a percentage, however. As for withdrawals, there isn't a percentage fee here either. There is a foreign exchange rate, of course, but this is everywhere you would convert currency, and our fees are lower than average, and there is the ATM fee. Withdrawing from an ATM is always more expensive when it isn't in your own currency - and even if it is, there is always an ATM fee. Using the money at a point of sale is definitely the best way to use your card.