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View Full Version : OMFG... Payoneer Global Bank Transfer Is Here!



Incantatious
05-11-2013, 12:43 PM
I jizzed when I saw that Payoneer are doing this Global Bank Transfer thing...

MFC's bit on it:


Payoneer Global Bank Transfer

If you are currently receiving international wire transfers from us, you should check out a service from Payoneer called Global Bank Transfer.

It is much cheaper than a wire transfer, the minimum to be paid is the usual Payoneer minimum of $20, and allows you to receive your funds in your local currency.

Payoneer is doing a promotion with us that for the months of May and June 2013, all Global Bank Transfers are FREE, and they are only $3 or so after the promotion expires.

More info here: http://www.payoneer.com/LocalBankTransfer.aspx

Pretty. Fucking. Awesome, eh?

Being a UK girl, if I want my MFC funds wired to me, I have to rack up $1000 plus like $15 or so to get it wired to me. Because MFC isn't my main site, this takes me a fucking Age. But I am (hopefully! If this works out!) getting like $350 from MFC wired to me the next pay-out! Yay no more waiting!
I also just got my MGF moula sent to me (I was reluctant to get a Payoneer card because of all the charges).

The most orgasmic thing about this is that FEE... "$3 or so"... Holy Shit. That versus Streamates $40 bank wire fee? Yeah I'm curious as to if Streamate will get on board with this. We possibly already can switch over to this, because SM accept Payoneer, and now when you go to sign up for a card, it gives you this new option...

I have likely lost thousands of due to the $40 bank wire fee each week, changing over to Payoneer Global Bank Transfer would save me *so* much money.

I am, as ever, skeptical though... How safe is this? Has anyone had any experience with this yet? Report back!

sexysusie
05-11-2013, 12:51 PM
That is awesome :)

Nina_Den
05-11-2013, 12:51 PM
OMG. That would be amazing. :party:
I have a Payonner card that I used when I was doing MFC and am going to use for SM right now, but it will be incredibly comfortable to have it transfered directly to my bank account. REALLY hope it's going to be avilable for SM, too.

Incantatious
05-11-2013, 12:59 PM
^

Damn I know right? :O
Aghhh!!! I want it!

This changes a lot about how I will treat my back-up sites (MGF and MFC). I can easily see myself working them a lot more now this has come out because I won't be put off by either having to get the Payoneer card or having to wait until I reach $1000 on MFC to get my money through!

ukmissy
05-11-2013, 01:22 PM
I don't know if this affects anyones excitement , but worth keeping in mind ...... When I was offered this service a few months ago , I was also informed that I could no longer use my payoneer card ... It had to be a choice between one or the other...... I guess a lot of people won't care if they're wanting to replace payoneer card with bank they can just use bank card , but for people planning to utilise both , could be a problem ...... ( At least if things didn't change on that front yet )

But yeah , pretty effin fantastic :D

Incantatious
05-11-2013, 01:26 PM
:D :D :D FUCK THE CARD! :D :D :D



</personalfeelslolplzforgivemeh>

But seriously... how are they getting their money? Why is this a good idea for them? *suspicious face*

Very low fee for transfer, and no additional fees.. Hmmmmm... .

Missymissdemeanour
05-11-2013, 02:19 PM
:D :D :D FUCK THE CARD! :D :D :D

No comment other than you made me piss myself }:D

justanothercamgirl
05-11-2013, 02:27 PM
:D :D :D FUCK THE CARD! :D :D :D



</personalfeelslolplzforgivemeh>

But seriously... how are they getting their money? Why is this a good idea for them? *suspicious face*

Very low fee for transfer, and no additional fees.. Hmmmmm... .

I used global transfer here in Canada for Streamate. I've never had a problem with it.

I still have MFC and AW on my Payoneer card itself since they make so little money and I figured I might need it someday.

TheBrownFox
05-11-2013, 02:59 PM
Cool! I know a UK MFC model who would be thrilled about this, because I remember her talking about how ridiculous it is that the minimum on MFC is $1,000 for international wire transfer. And I agree with her that it's ridiculously high.

loveshooks
05-11-2013, 04:12 PM
I've used payoneer bank transfer for a while now, on a few sites that don't send checks to Canada. I love the service, I've never had an issue with it. I refuse to use a payoneer card because of the fees involved and hassle of transferring money from a card to my bank accounts, but the bank transfer option rocks

I'm gonna move this thread to Industry Insight so Nissim can weigh in on it if he likes, so if y'all have any questions continue to post em

Melonie
05-11-2013, 06:34 PM
The only potential wrinkle might be the fact that HM Revenue & Customs is able to keep track of all the international funds being transferred into your UK bank account. Unlike a wire transfer which is bank to bank thus 'anonymous', a direct transfer to your account will leave a 'paper trail'. Same holds true re the IRS and direct transfers into the bank accounts of US residents.

RebeccaT
05-12-2013, 02:31 AM
I'm in the UK so this may be great for me. At the moment I use my Payoneer card to make payments mostly on line. When I use it in stores they look at me like I'm so out of touch not having chip and pin on it! And they usually can't find a pen for me to sign.

My bank usually charges a stupid amount to convert to GBP but if Payoneer are doing that before the transfer then I won't get that fee. Am I right? Payoneer will transfer GBP? Although, I gather they will take a fee of 2 - 2.75% above the exchange rate on top of the $2.99 (or more according to you country and currency) transfer fee.

RebeccaT
05-12-2013, 02:45 AM
The only potential wrinkle might be the fact that HM Revenue & Customs is able to keep track of all the international funds being transferred into your UK bank account. Unlike a wire transfer which is bank to bank thus 'anonymous', a direct transfer to your account will leave a 'paper trail'. Same holds true re the IRS and direct transfers into the bank accounts of US residents.

I don't see this as a problem. My accounts already provide a full "paper trail" for HMRC. All payments to my Payoneer card are included in my tax return.

Incantatious
05-12-2013, 05:52 AM
I don't see this as a problem. My accounts already provide a full "paper trail" for HMRC. All payments to my Payoneer card are included in my tax return.

^ Truth..

Surely only reason a "paper trail" would be an issue for us, would be if we weren't reporting our earnings to the HMRC / not paying our taxes anyway, and ignored Camgirl Rule #1 of "what happens on the internet stays on the internet!" and hoped nothing would ever show up in the future.

Melonie
05-12-2013, 06:01 AM
only reason a "paper trail" would be an issue for us, would be if we weren't reporting our earnings to the HMRC / not paying our taxes anyway

True enough. However, for better or worse, I doubt that every single camgirl is as 'diligent' about reporting and paying taxes on camming earnings as we are ! Otherwise there wouldn't be so many questions posted in regard to which webcam hosts automatically report camming earnings payouts to gov't tax agencies, and which webcam hosts don't. Also, tax compliance aside, there have been a number of threads raising the issue of the potential negative consequences of a 'paper trail' of adult industry work history on future straight jobs / careers.

Therefore I thought that I should point out this distinction between international bank to bank 'wire' transfers and direct international funds transfers into a camgirl's 'personal' account. When gov't agencies monitor cross-border funds transfers ( which is a requirement of terrorist anti-money laundering treaties ), with 'wire' transfers there is no name attached - but with 'direct deposit' there is.

Classy_Katy
05-12-2013, 09:01 AM
I don't know if this affects anyones excitement , but worth keeping in mind ...... When I was offered this service a few months ago , I was also informed that I could no longer use my payoneer card ... It had to be a choice between one or the other...... I guess a lot of people won't care if they're wanting to replace payoneer card with bank they can just use bank card , but for people planning to utilise both , could be a problem ...... ( At least if things didn't change on that front yet )

But yeah , pretty effin fantastic :D


I have the card still for Adultwork but the global transfer for ELM...so we can have both, it's just a case of which partner we use each for.

O2BCAMGAL
05-12-2013, 10:45 AM
I have the card still for Adultwork but the global transfer for ELM...so we can have both, it's just a case of which partner we use each for.

Great option! Ever the optimist, I wonder if they gain money by offering a lower exchange rate? And therefore, us paying more for the transfer?

Nissim-Payoneer
05-19-2013, 02:16 PM
Hi Everyone,

Thanks to @Incantatious for posting this thread, and to everyone for sharing your amazing feedback. I'm glad to hear that you are all excited about the service; we are too!

Our Global Bank Transfer Service offers many advantages to traditional wire transfer services of the past. Some main benefits:

- Supported to over 200 countries, in more than 50 currencies
- Payoneer provides you with local bank transfers to over 60 countries. This means that we'll actually send your payments from a local bank in your country, in your local currency. The cost for this service is only $2.99 per payment, and there are no other setup or maintenance fees involved. (This is with the exception of India, Russia and Brazil, for which the cost if $5.95 per payment).




My bank usually charges a stupid amount to convert to GBP but if Payoneer are doing that before the transfer then I won't get that fee. Am I right? Payoneer will transfer GBP?

Another benefit of the service is that Payoneer provides you with extremely cost efficient exchange rates. If you compare them to alternatives or even your local bank you will see that they are among the best available.

You can read more about the exact rates used here: http://blog.payoneer.com/lower-fees-for-payoneers-global-bank-transfer-gbt-service/



I don't know if this affects anyones excitement , but worth keeping in mind ...... When I was offered this service a few months ago , I was also informed that I could no longer use my payoneer card ... It had to be a choice between one or the other

I also wanted to confirm that this is correct. For each account that you have with one of our partners (Such as MFC) you need to choose a payment method - either the Payoneer card or direct bank transfers. You will not be able to have both active at the same time, though you can choose a different payment method for each account that you have with one of our partners (so if you have two MFC accounts, or an account with another partner of ours as well). You can always contact Payoneer's customer support department and request to switch your payment method (from card to bank transfer and vice versa). In the next several months we do plan to introduce a service that will allow you to withdraw your Payoneer card balance directly to your bank account, though currently the option is not available.


Note: this means that if you already have your MFC account connected to your Payoneer card, and want to receive payments via our Global Bank Transfer Service, you will need to contact our customer support department and request to switch. You can reach them here (http://www.payoneer.com/contactUs.aspx) (I suggest live chat or telephone for immediate support).


Thanks again for all the great feedback, and please feel free to ask any questions.

Mistress Anika
05-30-2013, 10:05 AM
<delete>

jezebell
06-01-2013, 08:28 AM
I have a question for you Canadians who are using this... this will be my first paycheque using Payoneere and im wondering how many days it took for you to receive your funds?

Vlodina
06-02-2013, 02:18 AM
Unless there's a US holiday, you'll get your funds 2-3 after you are notified of the transfer. I'm using SM Global Transfer for Streamate. Each Friday I get the notification of money being transfered and to allow 2-3 working days, and I receive it on Tuesdays.

jezebell
06-03-2013, 06:25 PM
Awesome thanks, hopefully it will be here tomorrow then :)

Kayden
06-13-2013, 09:04 PM
So, I have a couple of q's

Does my entire Payoneer account get "hooked up" with this service or do I have to go site-by-site. Nissim saying to contact PY support I assume it's the former - it gets done from Payoneer's side of things...? And all the money that flows into my PY account from different sources then gets transferred to my bank, kind of like that?

Also is it like a separate transfer for every load or can I set some minimum and let a bigger chunk accumulate before it's being transferred to the bank?

If I opt for this does my card get canceled for good or could it be "reinstated" once the option of having both rolls out. (I guess this is not that important, I could always pay the new card fee if I want the card back some time down the road when having both becomes an option...)

And my biggest concern: how do the payments show up in your internet bank (or your bank statements, etc.) of your local physical bank? For example right now SM and C4S show up as "The Daily Pay Service" for me back when I used to do LJ it showed up as "AWEmpire" (if I remember correctly) which is also a nice discrete name but then there's stupid IL which shows up as exactly that - "ImLive".

I'm kind of looking into applying for a temp/perm resident visa for a country that asks for specific income levels to be eligible which is my motivation to get money directly into a bank. I guess I could cross out incriminating loader names as "protecting the privacy of my costumers" before I give them the printed out statements as well...

Vlodina
06-14-2013, 05:00 AM
@Kayden
You have to do it site by site. With the second site I wanted to change to Global I had some trouble with customer service doing it, but then Nissim on here quickly sorted it out. But give customer service a try. You can keep the card, you could infact have some sites on Global transfer, and other sites just using the card.

It's $2.99 per transfer (at least for me, I think it differs in some countries). I don't know if you could maybe arrange with payoneer to hold back funds until you reach a minimum of your choosing, but I think you need at least $49.99 for them to send the money to your bank. So if you had several small payments (eg. $10 from Extralunchmoney and $40 from MyGirlFund) you would only pay the $2.99 when you have $49.99 and thus enough to send to your bank.

The money shows up in my bank simply called "BANK GIRO CREDIT PAYMENTS SERVICES". That is copy pasted off my online bank statement.

xx

Kayden
06-15-2013, 07:58 PM
Thanks so much, Vlodina!

"BANK GIRO CREDIT PAYMENTS SERVICES" sounds perfect!

Incantatious
06-16-2013, 04:11 AM
Any word on how this performs in conjunction with Streamate? Any experiences with going from general wire transfer to this? I want to change over from bank transfer to this kind of bank transfer on SM but I'm scared! Does it take longer?

Nissim-Payoneer
06-16-2013, 05:25 AM
Hi Guys,

Just to answer a few questions:

- Our Global Bank Transfer Service is a payment method in place of the Payoneer card. So when you sign up for your payment method on the partner site (SM for example) you can choose to either get paid to a Payoneer card or to your bank account
- If you already set up your account to receive payments to the Payoneer card, you can contact us to switch your payment method to bank transfers (and vice versa).
- If you already have a Payoneer account set up to receive bank transfers, and you are applying via another site (For example you are getting paid from SM already and now setting up your MFC payment method) you can use the "Already have an account" option and link to your existing account. You do not need to re-enter the banking details.
- The service provides local transfer options in over 60 countries. This means that we'll actually send you the payment from a local bank in your country, in your local currency. For the remaining 140+ countries we provide wire transfers.
- The cost starts at only $2.99 per payment and depends on your country. During the sign up process you will see a full list of pricing and fees relevant to your country/currency

Local transfers are much quicker than international wire, taking only 1-3 business days to process. If you are in one of the 60 countries that we provide local transfers to, this is a much quicker and lower cost solution. For the remaining countries we still provide a high quality wire transfer solution that arrives within 1-5 business days (depending on your local banking network).

Please let me know if you have any additional questions.

Vlodina
06-16-2013, 05:34 AM
Any word on how this performs in conjunction with Streamate? Any experiences with going from general wire transfer to this? I want to change over from bank transfer to this kind of bank transfer on SM but I'm scared! Does it take longer?

I'm using it on SM. Whereas with the card you get your money on the Friday, now I get the notification of funds being transferred on the Friday, and I have the money in my bank on Tuesday morning (first thing). So yeah, it takes longer but I don't need to go and withdraw money, and then put it in my bank so it's a lot less hassle for me. And the fees are simpler than using the card.

Incantatious
06-16-2013, 07:14 AM
Thank you both! <3

I just made the skip on SM from international bank wires to Payoneer!

Kayden
07-05-2013, 08:37 PM
How long did it take for them to review your details?

It's been 3 days since I received the last email from them saying that I will be notified when the details are reviewed... Starting to wonder is it like a weeks long process like registering on SM.

Also after the details are reviewed do they ask to print/sign/scan any forms (my printer is broken, I have scanner though) that would again need to be reviewed?

(What made me finally sign up for GBT was that I finally lost my card, lol - ordered a new one asked to send it expedited but they accidentally sent it by regular mail (although secretly I'm a little happy about this because I was really butthurt I'd have to pay $60 for an envelope to be delivered just a week earlier.) And changed to GBT for DP. Would be SWEET if I could get this GBT thing running before I completely run out of cash. :eek:)

Incantatious
07-06-2013, 04:07 AM
^ Mine took a couple days, I recall. But I am sure if you fire them an email they can speed it up for you. :)

They don't ask you for ANY additional information or requirements or anything else to review alongside changing to Payoneer Global Transfer! All you need is for them to approve the change then you're all set.

Kayden
07-06-2013, 06:42 AM
Thanks :)
Looks promising - hopefully won't take weeks to get approved, lol.

Sent them a quick email, their response:

Due to an increased volume of new Payoneer applications, processing times may be longer than usual. We are doing our best to review all pending applications as soon as possible and in the order that they are received, and appreciate your patience.

Also msg'd Nissim on here Friday but I guess he's not on here weekends so no reply from him.

Oh well I guess worst case scenario - I could take out a mini loan if it's not approved by next Tuesday or so...

Nissim-Payoneer
07-06-2013, 07:25 AM
Generally GBT applications take a few days to review. We review the details provided to make sure there are no typos, so that the payment arrives to your bank without any issues.

Will check your PM and get back to you.

minniesoporno
09-02-2013, 06:41 AM
I would like to have my payoneer card for global transfer when I log into my payoneer account I do not see the option of adding it to my account. I get checks from Streamate and Cams currently. Cams checks take about 2 weeks to arrive me after they are mailed out which is a huge horrible waiting game and anxiety. Streamate checks take 1 weeks to arrive not bad at all but also sometimes they aren't that big. if I have the incentive of a faster payment method that is cost effective such as their payoneer global transfer it might put some ease on my stress levels.

Akuk
09-03-2013, 08:32 AM
Ok, I read through this thread, and checked the FAQs at the Payoneer site, but I am still unclear on one aspect of things. I see that the default minimum threshold before a transfer is $50 , but has anyone found out if you can set a higher threshold before transfer? Like can it be set to not transfer until it hits $600 or something like that?

Nissim-Payoneer
09-17-2013, 01:34 PM
Ok, I read through this thread, and checked the FAQs at the Payoneer site, but I am still unclear on one aspect of things. I see that the default minimum threshold before a transfer is $50 , but has anyone found out if you can set a higher threshold before transfer? Like can it be set to not transfer until it hits $600 or something like that?

The way it works is that all payments will still be received to your Payoneer account, however if you have direct bank transfers set up (instead of the Payoneer card) we will only transfer funds to your bank account once you have at least $50 pending to be paid. We do this to ensure that the service remains cost effective (as there is generally a $2.99 charge per transfer to your bank account, and no charge for each payment that arrives).

Currently there is no option to increase this limit, however this is certainly something we are working to implement in the future.

Kayden
05-21-2014, 06:10 PM
This is concerning private loads for those that use a GBT account but may still have a "dormant" card account.

Are there new developments regarding "merging" a card account and a GBT account? (I have two right now, only using the latter.)

On PY CS forum I found this:

Only when a cardholder is active in one of these methods or both, can he have an option for card to card transfers (between Payoneer cardholders) and private loads (loading money to a Payoneer card with a regular credit card). These are additional services and are only open to active customers. (http://community.payoneer.com/index.php?/topic/18117-what-is-private-load-and-why-it-is-restricted/)

Which means that since my card doesn't have partners linked to it I'm not gonna be able to receive private loads which is what I'm trying to sort right now.

Btrfly_Kisses
06-26-2014, 02:42 PM
So if we DO have partners linked to our card, are we able to accept private loads? That would be so helpful right now.

Kayden
06-29-2014, 09:34 AM
So if we DO have partners linked to our card, are we able to accept private loads? That would be so helpful right now.

I think not only that but you also need to have had at least one load from them for the card to be considered "activated."

I'm still having this problem that I posted about above, my card technically has some partners linked but none that I'd gotten any money from. All of my actual sources of business are linked to my GBT account and I'm losing money as we speak, lol, I'm directing guys to tip me via C4S tributes option but that means a 25% cut whereas with a direct load I would get 100% (unless the guy decides to leave me paying the small fee direct loads have.)

Kayden
07-07-2014, 11:16 PM
So, it just dawned on me why Nissim won't be replying to any direct load questions. I had completely forgotten that it was against the rules to use it as a *payment* for any "services rendered."

So, yeah, I guess, that's a "heads up."

In my defense I have to say that I have used it and potentially plan on using it as a "tip" service, i.e., the guy already paid for the service through the usual channels.

BlueBunny
11-06-2014, 04:21 PM
I hope Nissim is alright, but he hasn't been on the forum here since the end of September. I have a question maybe someone already knows the answer too. I am in the process of switching to GBT and I don't understand what will happen to funds from partners already linked to my current debit card. I spoke to 2 CSR's about this. The first CSR said only some of the linked partners would work with GBT. The second CSR said everything should just go through GBT once that's setup, and that my card will then become useless. Which one of the CSR's is right? There are some sites I want to keep working on that did not show up on the first CSR's list of GBT partners. If I work those sites and they don't participate in GBT, what happens to my funds since my linked card will no longer be active? I would of course prefer to get all payments as GBT, but for now if anyone knows the answer to the question above, I would appreciate some help!