Quote:
Originally Posted by porn500
Hi Paxum or Paxum users,
I am in the middle of shopping a payout solution and are very in to payoneer right now, then I found out that they charge +3% for International ATM and POS.
Then I started to look around and it seems like EVERYONE is charging from 2-3% except Paxum... which I now like very much ;)
Can this be true or is it just a "hidden fee"?
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Hi Jacab, What Talia say is correct to a certain extent. It is an exchange cost to the card holder. That is one of the advantages of using a card payment system, you are not held to the exchange offered by your bank.
The exchange is set by the Master Card or by Visa.
BUT, the card ISSUING company can charge an ovarage on that price. You will have to look long and hard to find published rates by MC o Visa on their daily exchange. You will find rates issued by the card issuers, such as your bank, or bank of america.
Bottom line is that on the average Payoneer runs at about 2.5% and I have found Paxum to be around 3.5 or 4%. NOT INCLUDING THE FEE.
We use Payoneer as a payment system and it works ok, it is cheaper than Paxum from my experience.
You also have to look at what the folks that pay you use.
Might want to wait and see what happens with Red Pass as well.
