So I'm pretty new at this. I am Canadian. On MFC and Chaturbate, I get paid in USD. I receive my payments through Payoneer and I have their prepaid Mastercard.
As far as I can tell, if I use their Mastercard locally in Canada, it gets deducted at a 1:1 ratio. Meaning, if I have $100 USD in my payoneer and I buy $10 worth of stuff in Canadian dollars, my balance is $90 USD in my payoneer.
But if I use their withdrawal to local bank option, I should be able to get a higher rate via exchange rates. Is that correct?
I'm just confused. The other day, I took out $100 at a local ATM. But my payoneer balance only went down by about $55. Obviously, that's a good thing and no, I'm not complaining. But I can't figure out the math that came to that. The exchange rate is no where near that high and that's not even taking into account the ATM fee.
But basically, it looks like I shouldn't be making purchases using the card and I should be withdrawing completely either through ATM or to bank account.
I don't know if any of you are experiencing this. Are you non-US payoneer users experiencing withdrawals in USD using the mastercard?
and yes, I know I can ask Payoneer support but it's saturday and their phone support is not opened today.
Thank you


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