Payoneer fees
Like any payment solution, Payoneer is fee based. We strongly advice anyone interested in that product to take a close look at the costs that are involved before making a final decision.
Here is a list of the fees you will be charged depending on usage of the card and some events:
1. The card
- Card activation*:
- Within US: $10
- Outside US: $20
- Getting a replacement card*:
- Within US: $10
- Outside US: $20
- Monthly account maintenance: $3
*Depending on the partner you went through to apply for your card, you may have different amounts as some partners choose to subsidize some fees.
2. Getting money
- ATM Cash withdrawal:
- Within US: $1.35
- Outside US: $2.15 + up to 3% of transaction amount
- ATM withdrawal declined: $0.90
3. Loading your card
- Card loading from a VISA/MasterCard card: 3.5% of loaded amount
- Transfer from a checking or a savings account: $5 for first transaction, then $2
- Receiving a payment from your partner (card loading):
- $2 for regular loading, takes about 5 days to become available in your card balance
- $5 for express loading, takes about 2 hours to become availble in your card balance
4. Using the card
- Purchase Transaction:
- Within US: Free
- Outside US: Up to 3% of transaction amount
You might have noticed that using your card outisde of the US will cost you much more than if you used in the United States. This is quite normal as the card is issued by a US bank which means that international transactions cost them more.
In addition, pricing may vary from a partner to another as some partners may have negotiated some advantages for their customers. As an example, using some cards 5+ times per month will make your monthly maintenance fee go down to $1.
All that being said, one has to admit that the fees you will be charged for using Payoneer Prepaid MasterCard Cards remain reasonable when compared to the competition’s. However, this fact shouldn’t keep you from seeking optimization when using your card, you may then want to read through our suggestions to help you optimize your Payonneer costs.
March 23rd, 2009 at 2:21 pm
the activation fee outside of US and inside is only $9.95 not 10 and 20. Here is the email they sent me today:
ItemPrice (USD)UnitHow Applied
Card
Card activation – US$9.95Per cardOne time – when card is first ordered
Card activation – Non US$9.95Per cardOne time – when card is first ordered
Loading payments$2.00 Per card
Monthly account maintenance$1.00
$3.005+ trx/month
1-4 trx/monthFrom available card balance each month
ATM Cash Withdrawals or Transactions or Transactions
ATM withdrawal – US$1.35Per TrxWhen withdrawal is requested
ATM withdrawal -outside US$2.15 + upto 3% of transaction amountPer TrxWhen withdrawal is requested
Declined ATM withdrawal$0.90Per TrxWhen withdrawal request is declined
Purchase Transaction within US $0.00Per TrxWhen card is used for purchases
Purchase Transaction outside US $0.00 + upto 3% of transaction amountPer TrxWhen card is used for purchases
December 7th, 2009 at 9:16 pm
“Outside US: $2.15 + up to 3% of transaction amount”
that’s too much, guys
December 23rd, 2009 at 11:20 pm
Not if i must claim my earnings trough my company in my country. In that case, i must pay about 30% of my yearly earnings.
April 23rd, 2010 at 4:31 pm
Does anyone know, if I withdraw funds in local currency, does that increase my fees? I am outside US, and cannot withdraw funds in USD.
July 23rd, 2010 at 1:15 am
How long will it take for the card to reach Nairobi? Will it come as a letter or by courier?