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Payoneer for UK Gals
Tried to go through the threads but unable to get a complete answer.
Banks here are giving me a hard time in regards to depositing my monies. So, thinking about Payoneer.
I would like to know exactly what they would charge. I wouldnt use their bank transfer system.
So I would apply for a card? And then what just use it to make purchases in the UK and/or withdraw money from the ATM.
If I did that, what would they charge in fees.
Really appreciate your help on this one,
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Re: Payoneer for UK Gals
It's not chip and pin, so you can use it to withdraw cash at the cash machine or make purchases online.
Fees are $2 per load ($5 for fast load)
Then the exchange rate has an uplift of around 3%
And $3 per withdrawal.
Also a monthly maintenance fee of $2-4
Hope that helps!
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Re: Payoneer for UK Gals
Oh thanks becky, it really does help.
Thats alot of fees for us brits eh?
Also, what happens if I use payoneer for Adultwork, as they are based in the UK. Am I right in saying that I would be faced with all the charges that you stated, obviously minus the 3percent exchange rate difference?
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Re: Payoneer for UK Gals
Hey Becky - You should ask places if they will swipe your card ! Nissim told me last when I moaned about no chip and pin , that a lot of places would still swipe if I told them it was an international card ... I thought he was talking shit, until I tested it ! ASDA, Morrisons, B&M bargains, Wilkinsons ... all swiped my card!!! ( class lady with shop choices I know ! ) But worth thinking about . Even worked on Asda's self checkout - which had a swipe your card here'' function, if it wasn't chip n pin. :D All in all , fees are very expensive, and I find the conversion rate crap , but for a simple life, I continue to use them .
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Re: Payoneer for UK Gals
O2B it's sooo easy to use bank transfer for AW , especially now they have the UK bank account function ... what was your problem with the bank , you won't need BIC or IBAN or anything for AW , just sort code and account number ...
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Re: Payoneer for UK Gals
Im choosing no bank deposits because the banks are being &**&*(&!
I cant use my personal account as there is a clause "do not use for business" then yesterday i tried to open up a business account and I could not believe it - I was completly interrogated on what income will be coming in. They even, with out me saying adult work, said that they do not want money from adult business coming in. So now I am stuck. I can earn the money but have no account to deposit it. Its crazy, im not doing anything illegal here, im earning, i will pay my taxes and even am trying to have the right bank account. Anyway, rant over.
Thats why I am exploring Payoneer for payments from Adultwork, even though they do bank transfers with NO charges. www dot peed off .com
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Re: Payoneer for UK Gals
Payoneer always converts to $$$. So you will still have the exchange rate issue. Try it for now, you could always maybe change later if you can get a different bank account.
@ukmissy - I am totally gonna try that! Thank you! (goes off to sign back of card...)
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Re: Payoneer for UK Gals
If the banks are being a problem, you'll want to use the Payoneer card rather than the bank transfer option surely?
I used the card before AW brought in the UK bank transfers. It cost me around £10 a week to use the card with charges and loss through currency exchange. I only used my card for withdrawing cash.
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Re: Payoneer for UK Gals
Holy Macaroni! £40 a month is alot! Hmm, may back to square one on deciding how to get paid.
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Re: Payoneer for UK Gals
If you can't do a bank transfer and don't want Payoneer, the next best option is cheque payment.