Working on foreign freelance exchanges, as well as with customers living in other countries, directly, is always fraught with a number of difficulties. First of all, of a financial nature. Since you need to immediately decide for yourself the question of how to withdraw the earned money as efficiently and safely as possible. The solution suggested itself: it was necessary to create a banking product that would solve the daily tasks of freelancers around the world. So, in 2005, the Payoneer payment service appeared (in Russian it is often called "Pioneer" or "Pioneer").
At the Pioneer payment system more than 2000 partners in all over the world who pay directly to the card account!
At the moment, a bank card from Paoneer is a universal means of payment that allows you to quickly carry out the process of paying out earned funds to freelancers. Plastic can be used to withdraw money worldwide at any ATM. In addition, you can use it to pay in regular stores and on the Internet. For freelancers in Russia, such a solution is a real godsend, since it allows you to receive payments from American companies directly, as well as work with the largest freelance exchanges on the planet. At the same time, there is no need to report to the state about the presence of a deposit abroad. The only drawback is commissions, but they can be leveled, since earnings abroad, as a rule, are much higher, and this circumstance will allow to recoup most of the service costs.
Important information about Payoneer for Russians:
Please note that customers living in Russia since February 2020 will no longer be able to order a plastic card from Payoneer due to restrictions imposed by the financial legislation of the Russian Federation. At the same time, existing customers who already have this card in their hands will be able to fully use it. until May 27, 2020 inclusive... There are no other restrictions. You can still receive payments to your Payoneer account and withdraw them to your local bank (using local details). Payoneer account maintenance will be free.
These are commissions for deposit operations only from the Payoneer payment system (they will be debited from the recipient of the money).
Payoneer has implemented a cool feature for transferring payment to you for your work - the ability bill... This invoice can be sent, for example, by e-mail to the customer or employer. These can be both companies and individuals.
How to fund Payoneer via invoice payment (the customer chooses the most optimal option for him from the proposed):
- from a bank card ( commission 3% , limit 2000$ per operation);
- transfer from an account in your bank through the Global Payments Service ( there is no commission for EUR (SEPA transfers), but for USD (ACH transfers) it is 1% , no limits);
- electronic check ( for US residents - 1% and limit 5000$ per operation).
You can also pay for a service to a supplier or customer directly from Payoneer by selecting the ' Make a Payment“By specifying his E-mail as the recipient, even if the recipient does not yet have a Payoneer account. After registration, he will receive this payment. This transaction will no commission.
What is the Global Payment Service?
For transfers from the USA
If earlier interaction with the payment system was carried out directly through the company's partners, because only they had the opportunity to replenish Payoneer prepaid debit cards, then with the connection of the service US Payment Service(as mentioned just above) in 2012, you can now receive payments from any American company. Now it is enough for them to simply send money by local bank payment through the system ACH (Automated Clearing House) Is the largest US clearing system.
Global Payment Service System
Global Payment Service: to a $ account - ACH-transfer (US interbank), euro account - SEPA-transfer (in euros).
Expanded opportunities US Payment Service... Significantly increased the geography of partners. Now money to Payoneer account can be received in euros (EUR) through SEPA (Single Euro Payments Area) from partners from the European Union and the European Economic Area (34 countries), from Great Britain and Ireland in pounds sterling (GBR) by BACS and FPS, Japan - in yen (JPY) by Zengin. Since 2018, it has also become possible to receive money via the Chinese payment system CNAPS (China National Advanced Payment System) and in Canadian dollars through Canadian banks via EFT (Electronic Funds Transfer). In Australia - according to BECS (Bulk Electronic Clearing System). The service is actively developing - more currencies and opportunities are promised in the near future.
As part of this opportunity, you can also apply for an additional card for payments In Euro... To do this trick: request the ability to accept payments in euros through the support service. And when will your euro account have more than 50 EUR, then a button will appear in your personal account Order card, by which you can order yourself an additional prepaid card Payoneer EUR.
It is important to note that it is the local payment services of countries that are used to make transfers, which avoids the use of the more expensive international Wire system. As a result, there are significant savings on commissions.
To issue an invoice and pay, it is enough to generate a payment order from your personal account and send it to your partner. It must be legal face. Transfers under this scheme between individuals are prohibited.
If you do not have this option and it is limited - write to Payoneer support to enable this functionality. The system is the same - you are provided with bank account data to which you can transfer money. This account does not belong to you personally, but is linked to your account. It is common to everyone. All received money is distributed according to functional purpose and credited to the account of the recipient's card.
Payoneer and taxes in Russia
It is most profitable to withdraw rubles from Payoneer at VTB and Alfa Bank ATMs!
In this case, we recommend looking for ATMs from VTB Bank that allow you to withdraw up to 100,000 rubles from "other people's cards" per transaction. In the comments, people write that Raiffeisen ATMs can issue up to 150 000 rubles (not checked!). Also, judging by the reviews, rubles in their ATMs with a Payoneer card can be issued to you by Alfa Bank ( from 200,000 to 450,000 rubles depending on the ATM model).
There was also information that since October 2017 up to 200,000 rubles can be withdrawn from ATMs " Tinkoff Bank" (Moscow). Withdrawal operation in rubles is carried out without commission... There is also information that it is possible to withdraw from Otkritie and Promsvyazbank up to 200,000 rubles.
For comparison (the limits of cash withdrawal from "other people's cards" at ATMs of other banks):
- Post Bank - up to 50,000 rubles per transaction;
- Russian standard - up to 40,000 rubles per operation;
- Sberbank - up to 5,000 rubles per transaction.
- Raiffeisen - RUB 10,000 per transaction.
Another important point:
Only Payoneer deducts money from your card. ATM owners in Russia do not take its additional commission for withdrawing rubles RF (ATM fee).
- Map directly replenish it is forbidden(C2C top-up is not possible).
- You can issue an invoice for payment to a specific person or company, send a link to him or by e-mail in order to receive payment directly in various ways for the paying party: by bank check(in the USA), by credit card (commission 3%, limit 2000 $ per transaction) or by transfer from a bank account via Global Payment System ( commission 1% in USD, EUR - 0%).
- You can "pull" money from the card, but only from those services for which it is not critical lack of 3DSecure by "Pioneer". The Payoneer card transaction will be processed like a regular card purchase, excluding the commission of third-party services.
- Transferring funds from one Payoneer card to another (may not be supported if there are restrictions from the partner or if funds have not been received for a long time using the standard method for it). The option is available not immediately, but after receiving payments in the "traditional way".
- Private top-up of Peyonier cards (Russian bank cards can be used here). All transactions are carefully monitored, a refusal to make a payment is possible (especially if it has not been replenished for a long time in a standard way for it - through partners or the US Payment Service). The commission fee is 3,75% and can be withheld from both the sender and the recipient.
- Top up from bank accounts located in the CIS, including through payment systems it is forbidden(including through SWIFT). Still through the system US Payment Service (by entering data for ACH) you can fund Payoneer balance through Skrill, PayPal and other services. In this case, the standard ACH fee is taken, equal to 1% of the transfer amount... Fees for SEPA, BACS and Zengin not charged.
- You can receive money from any company registered in the USA, UK, Japan and the European Union (euro area) by Global Payment Service. The fees are the same as indicated in the paragraph above.
- You can release in addition to the main card in dollars and card with euro currency... To do this, you need to ask support for the ability to accept payments in euros. After that, an item will also appear with the conversion of one currency into another in the section " Currency management«.
- You can't link your Payoneer card to Paypal registered on Russian resident.
- There is no SMS notification, but you can download the official application from Google Play and the AppStore to your gadget and monitor the balance.
- In shops or on the Internet, you can pay for something with a card no more than 9 times. The total limit is $ 2500 (for purchases and withdrawals).
- With Payoneer, you can top up other bank cards... For example, through the service MoneySend... The card supports "pull" (that is, an outgoing transaction: you can carry out the operation in the personal account of your bank, on whose card you want to receive funds).
- Payoneer debit can be blocked if no transactions are processed on it within 6 months
In the AdvCash system, both physical and virtual cards can be issued. And even bind them to payment systems Google Pay, Samsung Pay. Maps with free service (pay per issue only).
Various ways to deposit and withdraw money from your Payoneer card. Relevance: 2018.
You can withdraw money from your account (not available at all!) to a bank account in Russia... The operation will be carried out in rubles. Commission: 2%... Interbank payment (from Russian partner banks). At the moment, payments in dollars to Russian banks are not made. Money comes from " Kiwi Bank»With a comment payment for provided services from Amazon.com, Inc. Private translation, VAT excluded.
You can receive money on Payoneer simply by invoicing (the button “ Payment Request"). At the same time, the customer will not even need to be registered with Payoneer, he will have many opportunities to pay for your services or goods (by means of a payment card, bank payment or electronic check).
Where and how to withdraw money from a Payoneer card in Russia in dollars and rubles? In which ATMs is it more profitable to withdraw dollars and rubles from a card in Russia? What are the commissions and conversion rates when withdrawing funds from ATMs and the bank's cash desk?
I clarify that this article was written for residents of Russia, and if you suddenly got to it by accident and are a resident of another country - read our other articles:
If you do not have a Payoneer account yet, we remind you that you can register using our system and. You need to go through the registration process using our link continuously from the beginning to the end. If for some reason you interrupted the registration, start it by clicking on our link from the very beginning.
So, let's move on to discussing the withdrawal of money from Payoneer in Russia.
How and where to withdraw dollars from a Payoneer card in Russia at the bank's cash desk.
As it is already clear from the content, you can withdraw dollars from Payoneer in Russia either at the bank's cash desk or at ATMs.
The advantage of withdrawal at the bank's cash desk is that there is a much higher one-time withdrawal limit than in most ATMs and there are almost always dollars available. Considering that the Payoneer limit itself is $ 7,500 in 24 hours, you can withdraw the entire amount at most bank cash desks for several times.
The disadvantage is that when withdrawing from you, they will definitely require passport data, which will later be entered into the database and theoretically this can create questions from the financial control authorities in the future, if you shoot often and regularly. The same disadvantage is additional commission, which the bank takes for withdrawing at the cash desk from someone else's card. Additional means that in addition to the 1.8% that you pay for the withdrawal in dollars, you will also pay from 1.5% to 4% to the bank itself. Sometimes this turns out to be a lot and the commission grows 1.5-2 times in comparison with what you would pay by withdrawing several times at an ATM. Below we will provide information on the commissions and limits for withdrawing dollars at the checkout.
UPD October 2018: It also became possible to withdraw dollars to the dollar bank account linked to the account. To do this, you must specify it either during registration, or in the Withdraw: To Bank account menu item. Read more in our article:
The withdrawal procedure at the checkout is as follows:
- Come to a bank branch with a Payoneer card and a passport - you will definitely need it, since the cashier will ask you to rewrite your passport data in order to enter them into the database
- You ask the cashier if it is possible to cash out dollars with a foreign MasterCard and be sure to specify immediately what the withdrawal fee will be.
The table below provides information on the limits and commissions of banks when withdrawing dollars from the cash desk. Despite the fact that we try to update the information, it may not always be relevant. Be sure to check with the cashier for this information.
| Bank | Transaction limit | Add. Commission of the bank |
|---|---|---|
| Rosselkhozbank | 2500$ | 2% |
| Bank Avangard | 2500$ | 2% |
| BinBank | 3000$ | 2% |
| Raiffeisenbank | 3000$ | 3% |
| Unicredit | 5000$ | 2% |
In Rosselkhozbank, everything is quite stable, they do not take additional commission, in B&N Bank it is worse, in one branch the cashier says that there is no commission, in another he says about 2%. If you have relevant information, help others - write in the comments, we will update the article.
Read also:
At which ATMs you can withdraw dollars from a Payoneer card in Russia.
Unlike withdrawals at the cash desk, there is always a fixed commission for withdrawals in dollars - 1.8% + 3.15$ but lower limits per transaction.
Below is a list of ATMs where you can withdraw dollars in Russia. The considered criteria: the limit for one transaction, the number of currency ATMs and the availability of currency, as well as notes and our subjective assessment for each.
UniCredit.
Update from September 2018: At the moment, there are interruptions in the issuance of currency by Payoneer cards at this ATM. Gives a message about the refusal to service the card, does not give out money.
Single transaction limit: 400$.
Note: On the site, currency ATMs are highlighted, the number of approaches is unlimited, the amount is a multiple of $ 50.
Our rating: 3/5.
RaiffeisenBank.
Update from September 2018: At the moment, the most stable bank in terms of issuing dollars from Payoneer cards. For a transaction of $ 300, you will pay $ 308.55, which is $ 300 + 1.8% + $ 3.15. You can shoot an unlimited number of times.
Single transaction limit: 300$.
Number of ATMs and availability of currency: There are many ATMs, stable currency availability.
Note: On the site, currency ATMs are highlighted, it issues an amount that is a multiple of $ 100, an unlimited number of approaches.
Our rating: 4/5.
CityBank.
Update from September 2018: At the moment, Citibank has increased the limit from $ 400 to $ 500 per transaction, but at the same time it is possible to make only two transactions per day, that is, to receive $ 1000. An additional internal Citibank commission for transactions with other people's cards of $ 5 was also added. Total for withdrawing $ 500 at the moment you will be charged $ 517.15 = $ 500 + 1.8% + $ 3.15 + $ 5. In our opinion, it is less profitable than renting from RaiffeisenBank. There, for this commission, you can make 4 transactions at $ 300, instead of two at $ 500.
Single transaction limit: 500$.
Number of ATMs and availability of currency: There are fewer ATMs than previous ones, stable availability of currency.
Note: On the site, currency ATMs are not highlighted, search only by typing, the bank also has a small representative office (there are only 10 cities).
Our rating: 4/5.
BinBank.
Single transaction limit: 2000$.
Update from September 2018: At the moment, there is little currency in ATMs, it is difficult to find an ATM that will have dollars in stock. At the same time, there are a lot of currency ATMs only in Moscow and St. Petersburg. In other cities, finding them is problematic, or they are simply absent.
Number of ATMs and availability of currency: There are many ATMs only in Moscow and St. Petersburg, very often they lack currency. In other cities, finding a currency ATM with currency is problematic.
Note: On the website, currency ATMs are not highlighted, but can be found through the website of alfabank,.
Our rating: 3/5.
Russian Standard Bank.
Single transaction limit: 300$.
Number of ATMs and availability of currency: There are few foreign currency ATMs, in some cities there are no at all, and there is often no currency.
Note: On the site, currency ATMs are highlighted, they issue an amount that is a multiple of $ 100.
Our rating: 2/5.
Credit Europe Bank.
Single transaction limit: 300$.
Number of ATMs and availability of currency: There are few ATMs, and often there is no currency.
Note: Every time it issues money, periodically giving an error, after 1-2 approaches it may stop issuing funds, bills of $ 100, currency ATMs are highlighted on the site.
Our rating: 2/5.
Alfa Bank.
Single transaction limit: 100$.
Number of ATMs and availability of currency: There are many ATMs, stable currency availability.
Note: On the site, currency ATMs are highlighted, due to the low transaction limit it becomes unprofitable.
Our rating: 1/5.
The situation is constantly changing. So, until recently, AlfaBank issued $ 1000 per transaction and was the most convenient way, now the limit has been changed to $ 100. If you have any more relevant information than what is presented in the article - write it in the comments.
Update from September 2018: Considering that ATMs are cutting limits on transactions and ATMs that consistently issue currency are becoming less and less - we recommend that you pay attention to the method of withdrawing 100 thousand in rubles at VTB24 at a time. If you need dollars, you can withdraw this amount at VTB24 and immediately buy dollars in some exchanger. At the time of updating the article, the total loss will be about 3.5-4%.
Read also:
How to withdraw rubles from a Payoneer card in Russia. Limits, conversion rate, commissions.
If it is not important for you to withdraw exactly dollars, you can withdraw from them in rubles at the conversion rate. Conversion takes place at the MasterCard rate, although some banks allow you to choose your own conversion rate.
Also, when withdrawing funds in a currency other than the card currency, you pay a commission for a cross-border payment. It is up to 3.5% and is charged instead of 1.8%, which are charged for withdrawals in the card's currency. Read more about this fee in this Payoneer answer.
I would like to note right away that there is less stability in the operation of ATMs for withdrawing rubles than for the situation that we described for withdrawing dollars. Users often complain that the ATMs of the same banks, then spit out a card with the message “the amount is too large”, or “the limit has been exceeded,” then they normally allow them to withdraw funds.
Below is a table that lists banks, as well as their limits for one transaction when withdrawing from a Payoneer card in rubles. But use these numbers as an estimate. They may differ in different ATMs (depending on the availability of bills of certain denominations), since ATMs have restrictions on the number of bills issued at a time.
| Bank | Transaction limit |
|---|---|
| Alfa Bank | RUB 10,000 |
| RaiffeisenBank | RUB 50,000 |
| BinBank | RUB 50,000 |
| VTB 24 | RUB 100,000 |
| Home Credit Bank | RUB 50,000 |
| Russian standard | RUB 40,000 |
| Post bank | RUB 50,000 |
| Promsvyazbank | RUB 40,000 |
UPD September 2017: It also became possible to withdraw rubles from the account to the ruble bank account linked to the account. To do this, you must specify it either during registration, or in the Withdraw: To Bank account menu item. Read more in our article:
Conclusions.
In our opinion, withdrawing money from a Payoneer card is still more profitable in dollars. In addition to the fact that the MasterCard rate is usually worse than the local rate in the country, you also pay a commission for a cross-border payment, which can be up to 3.5%. These are quite significant losses. Plus, most banks have a small limit on withdrawals in rubles. When withdrawing a large amount, this will force you to take many approaches and pay Payoneer $ 3.15 transaction fees each time.
With regard to withdrawals in dollars, it seems to us that it is still more profitable to withdraw from ATMs, rather than go to the bank's cashier. Firstly, the bank will not charge you an additional commission, and secondly, you can avoid submitting your documents and rewriting information about you into the bank's database.
Payoneer's daily limit is $ 5,000 for withdrawals at ATMs and $ 7,500 for withdrawals at the bank's cash desk (online payment). Accordingly, if you urgently need to withdraw a large amount, it makes sense to withdraw both there and there.
Write comments if you can supplement the article with up-to-date information. We also remind you that you can register for Payoneer from us. In this case, the registration process using our link must go through continuously from the beginning to the end. If for some reason you interrupted the registration, start it by clicking on our link from the very first step.
Alexey Naumov
Updated: 2019.08.16
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Payoneer is a payment service that is one of the recognized leaders in the field of electronic transactions and a pioneer that opened the possibility for users to directly withdraw funds to their own debit Mastercard. Although the company is registered in the United States, its services are used by residents of more than 200 countries around the world. Russia and neighboring countries are no exception.
The Payoneer payment system has a number of undeniable advantages over similar projects. Economical tariffs, ample opportunities in terms of payment for goods, payment security, etc. Let's take a closer look at all the advantages.
- Popularity. Having an account in this EPS opens the doors of any online store for you, be it Aliexpress, Ebay, Amazon. The system is used for deposit / withdrawal of funds by popular foreign freelance exchanges, large services, and dealing centers. There is a possibility of replenishing Skrill, PayPal, and other payment systems. And if you issue a plastic card, you can withdraw money at any ATM.
- Confidentiality. There will be no problems with the local tax authorities due to the use of this payment system. The funds credited to the Payoneer account are outside their jurisdiction, and the account holder himself is registered in the United States, so he is not obliged to provide anything to the tax authorities.
- Security. The service is equipped with the most modern security technologies, the confidentiality of customer data is guaranteed by an extremely transparent user agreement, which prohibits the transfer of customer personal information to third parties.
- Russian-speaking support service. This is exactly what many foreign payment systems lack so much. Consultants can be contacted in a variety of ways, including by phone call. There is also a feedback form with operators who call back to the number indicated by the client absolutely free of charge.
A fly in the ointment was the impossibility of making payments on some sites due to a mismatch in the billing address. For example, one of the American online stores will process the payment only if the billing address is also from the USA. But such cases are rare, so there is no need to worry about it.
Features of working with Payoneer
Below we will talk about the important points that every newcomer to the system should get an idea of if he wants to save his time, money and avoid various problems when working with the service.
Account registration and verification
The registration process for Payoneer.com is simple and intuitive. The user must enter personal and contact information in the provided fields, typing them in Latin characters. The first screen requires you to enter your first and last name, a valid email address and date of birth. On the second - the address of residence and telephone number. The data must be absolutely reliable.
To start using all the services of the system fully, you will have to confirm your identity (verification) by sending a scanned copy of your passport or other document from the list on the website. The verification process by administrators may take several days, after which a letter will be sent to the specified postal address that a Payoneer Mastercard has been sent to you. Delivery usually takes about 2 weeks.
The card must be activated in the user profile by going to the “account settings” section. The user will need to retype the card number in a special field, as well as come up with a PIN code.
US Payment Service activation
The most important advantage of the Payoneer payment system is the ability to get an American bank account in the appendix to the card. Any payment transferred to Mastercard will be automatically displayed on the balance. This will significantly speed up the process of accepting / conducting payments, and will open up additional payment methods.
A letter will be sent to the e-mail address with information about your bank (in which the payment system account is served), the type of account and its number. It contains a link to a questionnaire that will allow you to verify the US Payment Service.
Among the requested data there is information about the sources of your income, website address, etc. The successful connection of the service will be reported in another letter.
System fees
At the first glance at Payoneer tariffs, only solid advantages are noticeable - the absence of penalties, commissions for payments between system participants, in stores and a number of other operations for which most payment systems charge interest. I am also pleased with the presence of a $ 25 bonus issued to everyone who replenishes an account with $ 100 or more. But the service still has commissions, and they are not small:
The tariffs indicate that using the Payoneer system to transfer to a card and cash out small payments of several tens of USD will be unprofitable. If you plan to make a one-time purchase in an overseas store, it also makes no sense - an annual commission will be withheld on the first replenishment.
Negative moments turn into advantages with an increase in the amount of money turnover. For freelancers and webmasters who use Payoneer to withdraw hundreds or even thousands of dollars a month, flat fees are much more beneficial than percentage fees.
Deposit and withdrawal of funds
Payoneer does not support traditional deposit methods, such as cash deposits or bank transfers. Funds can be received from service partners (Payoneer cooperates with a lot of sites, freelance exchanges, payment systems and other platforms that allow transfers to their card). You can also invoice anyone, such as your freelance customer, fill out the payment details and send it. The bill is paid either from a bank card or from another Payoneer account.
Officially, money is withdrawn in two main ways - to the bank account that the user linked to the account, and Payoneer Prepaid Mastercard (debit card). But nothing prevents you from making an indirect withdrawal through private exchangers, exchanging funds for their equivalent in another electronic currency. Unfortunately, there is no automatic exchange.
Payoneer in the CIS countries
Since the Payoneer system is American and initially focused on the Western market, many users have questions about the nuances of its work in Russian-speaking countries. Practice has shown that there is practically nothing to worry about.
Payoneer in Ukraine and Belarus
The current legislation of Ukraine prohibits citizens from having undeclared accounts in foreign banks.
Fortunately, despite the similarities to banking structures, Payoneer is positioning itself as a payment service. The user only gets access to the account, but does not actually own it.
On the other hand, if you withdraw money through ATMs, especially in large amounts, there is a risk of falling into the field of attention of the tax authorities. There are two options - either registering with the payment of taxes in accordance with the law, or traveling abroad in order to cash out funds at foreign ATMs.
Payoneer in Kazakhstan and Russia
In these countries, the service works without any problems. Funds are cashed through ATMs of almost any bank, converting from dollars into national currency at quotations close to those of the Central Bank. Additionally, a conversion fee is charged. With a Payoneer card, just like with classic bank cards, you can pay for goods and services in stores - there are no problems with the passage of payments.
What Payoneer users have to say about the system
There is no better way to be convinced of the reliability and quality of any site on the Internet, as well as to get an idea of its problems and shortcomings, than feedback from current and former users. And payment systems are no exception.
“Payoneer's official website provides too little information for those who just want to register with the system. You can find out about some points only after you open an account. Their internal forum, although it has a Russian-language section, did not help much in solving my problems. The rest of the service meets expectations. ”
Ksenia, 24 years old, freelancer.
“I highly recommend Payoneer. Better means to withdraw money from foreign affiliate programs and pay for goods and services. The system impresses with the simplicity of receiving the card - for example, Neteller's card issue costs more than $ 10, but here it is sent absolutely free of charge.
You can withdraw money from several sources at once. You just need to tell the payer your full name and email address. The card is also suitable for Russian sites - it has repeatedly replenished Megafon's account. Sometimes, however, some sites refuse to process payments. ”Borislav, 20 years old, Youtube blogger.
“They stole money. There was about $ 500 on the account, the card was not lit up anywhere, and other payment information too. The complaint was considered for almost a week, after which I had to call technical support via Skype. For about three months, the problem was solved, after which they sent a letter to the mail stating that the system does not bear any responsibility for the safety of the user's funds, while for some reason returning half of the amount to the account. I would not recommend taking risks and keeping large amounts of money with Payoneer - it is better to either use other systems or withdraw immediately. "
Maxim, 32 years old, webmaster.
If we analyze the reviews on the Internet, we can come to the conclusion that the overwhelming majority of users (75-80%) rated this EPS positively. The bulk of the claims of those who speak negatively about the service are justified by high commissions for service and withdrawal, as well as the slow work of technical support.
Who is Payoneer for?
Looking back at all of the above, we can identify the main audience of the system - these are people associated with e-commerce. The service provides favorable conditions for people who regularly accept money transfers, withdraw large amounts to a bank account or cash out at ATMs. Freelancers, investors, webmasters, service providers and people related to the listed activities should take a closer look at this payment.
For one-time payments and purchases on foreign sites, there are much more worthy alternatives in the face of Neteller and PayPal. They are no less popular, provide many more ways to deposit money into an account and are beneficial for small transfers. And if your area of interest does not go beyond the CIS, there is no point in registering with Pioneer at all.
Despite the fact that Payoneer declares the possibility of withdrawing funds to any local bank account, this is not entirely true. For example, it is currently possible to withdraw in hryvnia only by becoming a client of Privatbank. Currency, only US dollars can be sent to the account of any Ukrainian bank.
The scheme works very simply: you make a withdrawal in your personal Payoneer account. com and receive funds to an individual's account with Privatbank, which must first be opened. If a payment card is linked to the account (and this is a common practice), then the received money becomes available immediately.
- You can use your Payoneer account balance in any currency for withdrawal.
- A Privatbank account must be opened in the name of the owner of the Payoneer account.
- You can send an amount of at least 50 and no more than 10 thousand dollars.
- Enrollment takes 2-3 business (banking) days.
- Withdrawal is possible only in national currency - hryvnia and US dollars.
- The exact exchange rate is not reported, only information is provided that it is "average market", you can find it out only after the fact. It will roughly correspond to the exchange rate on XE.com on the day of the operation. The MasterCard rate is used only when withdrawing funds from ATMs.
- The transfer fee is 2% of the amount.
- Crediting to the account takes place without commission.
- For withdrawing funds from a card or account of Privatbank, a commission may also be charged, here it all depends on the type of card. For example, with "Universal" provides a commission of 1%, "For Payments" - no commission.
- Judging by the reviews, in fact, taking into account the commission and conversion, you will receive a rate that will differ approximately per hryvnia from the official rate of Privatbank. For example, with a rate of 26.90, count on 25.90 or so.
Why withdraw funds?
Everyone answers this question for himself. It all depends on your specific needs. Here are the main pros and cons.
Main pluses
Payoneer allows residents of Ukraine to register an account without issuing a Mastercard payment card... In this case $ 29.95 annual maintenance fee is not charged, and only standard tariffs are applied to the incoming amounts (1%). Payoneer card can be issued later if required. You can withdraw funds from your Payoneer account to a bank account.
Clear commission v 2% of the withdrawal amount is significantly lower than the standard Payoneer ATM withdrawal rate, namely $3.15 + 3.5% for conversion (this is the maximum, usually less). Most ATMs issue a maximum of 40 bills, i.e. withdrawing more than 20 thousand hryvnia in one operation will not work - and even then, if bills of 500 hryvnia are available. The subsequent transaction will also have to pay $ 3.15. Taking into account the “bill issue”, the procedure for withdrawing large amounts can turn into a lottery, since it is not known how many bills and of what denomination are loaded into the ATM. When withdrawing through an account in Privatbank, everything will be much easier, especially if you have a card that does not provide for a withdrawal commission - for example, "for payments" (although in this case the bank will remove an additional commission of 0.5% for crediting funds). Just send the required amount for conversion into hryvnia to an account with Privatbank - and have cash at hand, without unnecessary nerves and overpayments. Comfortable. By the way, the maximum amount that can be withdrawn from an ATM from a Payoneer card per day is limited to the equivalent of 2 thousand dollars. The maximum withdrawal amount is 10 thousand dollars per day.
Possibility to receive cash currency - dollars at the bank's cash desk... You make a withdrawal from the dollar account balance to your foreign currency account in Privatbank or any other bank. This is the only possible option to receive foreign currency, since its issuance in Ukraine through ATMs is prohibited, as well as at the cash desks of banks - it will not be possible to withdraw foreign currency directly from a Payoneer card.
The main disadvantage
Who, from which card, when and how much withdrawn from an ATM - this is is not fixed anywhere... A completely different matter is the payments received to your account in Privatbank. Here they are already may become the object of close scrutiny fiscal authorities. And given the recent nationalization of the bank, this issue has become even more urgent, since the data, as they say, do not have to go far. It is unlikely that questions will arise if amounts of 5-10 thousand hryvnia per month appear on the account balance. Although no one will give guarantees here either. After all, while the funds are on the Payoneer balance, the information is not available to the tax authorities, but as soon as they enter your local account, the recipient should think about it. All questions regarding the Payoneer service and taxation were discussed in detail in the corresponding article. In a nutshell, the question is: whether or not to declare what was received on an account in Privatbank is up to you. However, remember that the sender is Payoneer and the stories that this is "financial assistance from parents for treatment" will not work here. Waiting for an invitation to the tax office, each time sorting out the mailbox is not a pleasant occupation. If you do not have a main place of work, then it is quite possible to register the 3rd group of SPD FO and transfer some amounts to an account with Payoneer, which you can report to the tax office. True, in addition to the quarterly payment to the pension fund, you will have to pay 5% tax. As a plus, you get official employment and become a "white person", indicating these data in any visa application form or other document.
How to withdraw funds to an account in Privatbank
Obtaining a Privatbank card
If you do not have a Privatbank card, you will have to visit the branch with your passport and tax identification number in hand. At the bank, you need to choose the optimal tariff plan, open and receive a card. Do not forget that the received card must be activated: for this, it is enough to request the account balance at the ATM. The simplest option is the “Universal” card in hryvnia, which is issued immediately.
After the card is received, it makes sense to register with Privat24 and install the corresponding application on the smartphone.
Adding a bank account to your Payoneer account
Now we need to add information about the card, or rather the associated bank account in the Payoneer account. After logging into the site, click "Withdraw to bank account".
If you added bank account details during registration, they will be displayed here, if not, then adding a new one will not take much time. You can add a maximum of two bank accounts to an account. Click "Add New".
Confirm your intention to add a new bank account to your account again by clicking "Add new bank account".
Now decide whether "Personal" is an account or "Corporate", i.e. open to a legal entity. If you opened an account as a private entrepreneur, then also choose "Corporate".
Choose the country of the bank, in this case Ukraine. At Payoneer, you can withdraw funds to your own accounts opened around the world, so that the list of countries is not offered out of formality.
After selecting a country, you must select from the available currency in which the bank account is opened. This is important if you choose the wrong currency - you run the risk that the payment will be refunded.
We select the Ukrainian hryvnia "UAH" and click "Next".
Withdrawal of hryvnia is possible only to the Privatbank account, come up with an identifier for this account (we have Privat UAH) and in enter the sixteen digits from the front of the card as the account number.
Check the box "I confirm the bank account details above".
On the next page, you will be asked to go through security checks and enter your date of birth and your Payoneer password.
After that, you will receive a notification that the bank account has been added and the verification will take up to 3 days.
But in practice, everything goes much faster. You will immediately receive a notification about adding an invoice to your e-mail.
The account will indicate that the account is "pending" and it will not yet be possible to send funds to it.
However, in just a few hours, wait for a letter stating that the account is approved.
Sometimes, along with the letter of approval of the account, you may receive a letter stating that the added account is not in your name (although this is not the case) and additional verification is needed. If you did not receive this letter, skip this item.
Do not be alarmed, these are the whims of Payoneer, click the link in the letter and fill out the form. Enter your Payoneer account credentials. If the form is opened in English, then the filling language is also English.
Fill in the lower part of the form approximately as we have shown in the example. Just indicate that this is your bank account and click "Submit".
You will receive a notification that the application is being considered. But the withdrawal of funds is already available.
Withdraw funds
After the account is added to the account and approved, it will take just a minute to complete the withdrawal request.
In your personal account, select "Withdraw to bank account".
Select the balance from which you would like to withdraw. Do not forget that the minimum withdrawal amount is 50 USD / EUR.
Now select the account to which you would like to receive money, specify the payment ID, if desired, and then click "Check".
You will be immediately shown the exchange rate, which usually slightly differs from the bank rate for the worse. And if everything suits you, put the appropriate checkbox and click "Conclusion".
At this stage, the security system may again require you to verify your identity. This time, you will need to enter the answers to the security questions that you entered during registration.
After successfully passing the verification, you will receive a notification that the withdrawal was successful, and the funds will be credited to the account in three to five business days.
In practice, during the next working day, wait for a notification from Privatbank about the receipt of a money transfer.
In our previous articles, we told how, and also considered the instructions in detail. If for the residents of Russia everything is simple and clear, since PayPay has been allowed to officially withdraw money to bank accounts since September 2013, then in Ukraine the situation is not so rosy. All those who live in Ukraine, work in the segment of the English-speaking Internet, and regularly receive payments on PayPay have a hard time. Almost all methods of withdrawing money are associated with intermediation, in which a certain percentage is lost. Of course, when withdrawing money through Payoneer, you will also lose a certain amount for bank commissions and conversion, but this is much better than giving 20% to an intermediary, or 11% to exchange offices.
We want to say right away that Payoneer is only suitable for those who often and a lot of withdrawals via PayPal. In all other cases, if the amount is not large (up to $ 1000), and you withdraw every few months, then it is better to use other methods described in ours. Why is that? Read to the end and find out.
Payoneer and PayPay: detailed instructions for opening a virtual account
In the article on how to withdraw money from PayPay in Ukraine, we have already talked a little about Payoneer in order to familiarize the reader with this opportunity. But today I would like to talk in more detail about how to open a virtual account. We will consider the algorithm of actions, tell you how withdrawal through Payoneer is better than all other methods, and also briefly tell you what Payoneer is, and whether there are risks when working with this system.
What is Payoneer
Payoneer is a US based company that provides a virtual US bank account. In fact, you will not have a real account, you don’t sign any documents, you don’t give your originals and copies. You just need to register, order a card, and after a while receive it by mail. We will tell you more about the whole procedure below. But the question may arise, where will my money be kept if the account is virtual and not real? How does Payoneer ensure safety? What guarantees does it give? There are a lot of incomprehensible things here, and in order to find the answers, you need to read the official website of the company, specialized blogs, reviews of users of this system. We do not know all the intricacies of Payoneer, but we can say that with PayPal through their cards, you can easily withdraw money.
Payoneer assures that at any ATM that accepts MasterCard cards, you can withdraw your money without any restrictions.
You can find user reviews of the services of this company on the Habrahabr website, where Payoneer maintains an official blog, and at the time of this writing, there were 207 reviews and comments.
First of all, you need to register in the system. To do this, go to the official website of the company and press the "Register" button. It is noteworthy that the entire site has been translated into Russian, since Payoneer is focused on the Russian market and the market of the CIS countries.
There shouldn't be any problems with registration, because everything is intuitive. It is very important to indicate real data, and fill out everything very carefully. In confirmation of your registration, a letter will be sent to the email address, which will indicate all the data that you have sent to the system. To avoid critical errors during registration, we recommend using the Chrome and Mozilla browsers.
ID confirmation
In order to be able to use a virtual bank account, you need to verify your identity, passport details, and source of income. The confirmation system is a little strange, but what it is. To do this, the letter will contain two links, by clicking on which you will be taken to a page with polls.
On the first link, you need to give answers to questions regarding your work. From the drop-down menu, select the type of activity that most accurately characterizes what you do, and then describe (in Russian) what you do. Follow the prompts and do everything as instructed by the system.
By clicking on the second link, you will be taken to a page where you need to confirm your passport details and identity. Send a photocopy of your passport or driver's license. It is very important that the copy was in color, of high quality, the name, surname and date of birth are clearly visible on it.
Receiving a card by mail and activating it
When registering, you indicate your mailing address, to which your Payoneer bank card should come within 3 weeks. Also, along with the card there will be a letter in which the process of further card activation is described in detail.
The activation process is pretty straightforward. Payoneer offers two ways: to contact operators by phone, or to activate the card via the Internet. The second option is more suitable for us, because it is faster and much cheaper. Go to the Payoneer website, log in with your username and password, and click "Activate Card" (the yellow arrow in the screenshot indicates where this button is located). Next, enter the card number, and come up with a PIN code that will be needed when withdrawing money from an ATM.
More details about activation are described in this video.
ConnectionPayPal account to US bank account
We would like to warn you right away that you assume all the risks associated with linking a bank account in the United States to your account. And these risks are associated with the fact that the account can be blocked. Why? Yes, because PayPal's policy is based on the fact that residents of a particular country must link the accounts of banks operating in the territory of their state. Therefore, if you are not a US citizen, and do not have a residence permit there, then you are violating PayPal rules. Of course, in 99% of cases it goes unnoticed, but 1% exists, and you should be aware of the risks.
If you don't have a PayPal account yet, we recommend reading our article "". Consider only the fact that you need to indicate your real name and surname, but you need to invent the address of residence. Take any US state, address, house, apartment. Just do not write the address of well-known companies or government agencies. Look where there are residential areas, and pick something at random.
Bank account confirmation
Having linked the account, you also need to confirm it. This is the standard PayPal procedure, in which 2 payments of a few cents will be sent to your account. After 2-3 days, check your Payoneer account, and as soon as you see a transfer transaction, go to your PayPal account and indicate the amount of transfers.
Once your bank account is verified, you can receive and send transfers using your Payoneer account. But the most important thing is that money can be withdrawn at any ATM, and at any time.
It is also worth noting that using the card will cost $ 30 per year. But there are also various fees for depositing and withdrawing money from the card, for transfers and other transactions. You can read more about this on the official Payoneer website.
And after finishing the article, we decided to read in more detail the reviews of those who have been using Payoneer for more than a month, or even a year. As it turned out, the system has many "pitfalls" and hidden payments that no one talks about openly. That is why we wrote at the beginning of the article that this card is suitable only for those who often and a lot withdraw from PayPal. The rest should look towards automatic exchange services, or look for intermediaries who will withdraw money and PayPal with a minimum commission.
Payoneer Service: User Review
We will not publish flattering reviews. And so it is clear that the system has a number of advantages and benefits. You should always read negative, but truthful comments from users who are trying not to denigrate the company, but to show its real face. And we found just a few such reviews on the forums.
Svfoster, Habrahabr website
Payoneer has incredible fees for ... everything. For each movement, for each sneeze, money will be withdrawn (percentage or a fixed rate). The absurdity even reaches the point that the percentage is charged for rejecting the transaction, or if you typed the wrong amount at the ATM and could not withdraw the money.
So, in order. Open cards - $ 20, crediting money - a commission of $ 2 (and wait 2-3 days!), For withdrawing money in dollars (PayPal) - a commission of ~ 3% and nowhere is there a word about it, but if you need to make a refund via PayPal, then withdrawn commission is not refundable. Refusal when withdrawing through an ATM - $ 1 for an incorrect request, withdrawing through an ATM or an operator at a bank - $ 2.15 per request. Card content $ 3 per month! In total, to transfer amounts of ~ $ 1000 per month, the commission will be (year) 20 + 2 * 12 + 2.15 * 12 + 3 * 12 ~ $ 106 in the first year of service + 3% for payment for purchases, which will be $ 360 per year! Do not forget that there will be a commission for withdrawing money, especially if it is in the currency of your country.
Nikolay, webmaster forum
If you use Payoneer, and you have a controversial question, or you want to contact support, then stock up on valerian and strong nerves. There is no support, he answers for a long time, does not say anything concrete, questions are not resolved. Okay, if only an isolated case, but this is always the case.
I used Payoneer for a while, endured their robbery, because there was no alternative, but there is a limit to everything. Refused to use a virtual account.
Whether to use Payoneer or not is up to you. We just provided detailed instructions on how to withdraw money from PayPal through Payoneer, and published reviews of those who already use their accounts and cards.
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