Have you any experience with Payoneer?

I've been with Payoneer for a while now, used it on and off, got a few payments from Amazon but they've all been small payments, nothing major and I haven't made any bank transfers from my account to my bank, I do have it connected to it though.

I'd like to receive bigger payments, over 15K and do bank transfers but I'm unsure how their service is with bigger payments. I've searched and haven't found too many negative reviews, so I'd like to know before I risk sending large amounts of money over.

Their service is good. I am using them for more than 3-4 years I think. Just make sure that you provided real and authentic details during the signup. They do re-check accounts from time to time and if they found that you used fake details to open up the account, you could get banned. There are far too many people who had their accounts disabled. You can search up for that..

For 15k you should do bank to bank of some kind. Or use a more reputable company like paypal. I doubt most people here use payoneer for such large transactions as 15k so their reviews are useless. Go with the horror stories you read elsewere. And feel free to share them in the thread too.

get a cheek made up and sent to your home then cash it.

i no it exspensive way but you get to see the cash there and then.

you can get any cashing shop like moneyshop help you ....

Their service is ok and been using it on my fiverr gig for sometime now

i have used it with a good amount of cash in.

there secuity always at question that why ebay stop using them

very strong password i see no problam at all.

plus you can run your account online or with your phone app ...

the truth is you never get better then a real known bank

SerpHawk said:

Or use a more reputable company like paypal.

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Fuck no. Bank to bank is a better idea.


Moving bigger amount on Payoneer can trigger reviews. Not really when you receive it from a company, but when you try to move it. If it gets sent to you by an individual via private load for instance, you can also prepare yourself for a review.

Otherwise Payoneer is a trusted company, if your transaction gets reviewed and if you submit what they ask for, they will release the funds. I'm with them since 2008.

These kind of amounts are better to be moved from bank to bank. A wire costs $50 or $100 at most, direct deposit/ACH is even cheaper, if you have a US bank account. Payoneer will charge you 2% for the withdrawal, for $15k that's $300, if there's no currency conversion and even more, if there is (an additional 2% above mid-market rates).
On top of that if you're getting paid by a company via ACH, Payoneer will charge you 1%. That's already $150 minus, by you have the money in you bank account, you'll have $450 less.

HoNeYBiRD said:

Fuck no. Bank to bank is a better idea.


Moving bigger amount on Payoneer can trigger reviews. Not really when you receive it from a company, but when you try to move it. If it gets sent to you by an individual via private load for instance, you can also prepare yourself for a review.

Otherwise Payoneer is a trusted company, if your transaction gets reviewed and if you submit what they ask for, they will release the funds. I'm with them since 2008.

These kind of amounts are better to be moved from bank to bank. A wire costs $50 or $100 at most, direct deposit/ACH is even cheaper, if you have a US bank account. Payoneer will charge you 2% for the withdrawal, for $15k that's $300, if there's no currency conversion and even more, if there is (an additional 2% above mid-market rates).
On top of that if you're getting paid by a company via ACH, Payoneer will charge you 1%. That's already $150 minus, by you have the money in you bank account, you'll have $450 less.

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Truthfully, I was hoping you replied HoneyBird, I saw in other payoneer threads you were quite familiar with them, but I figured I might as well ask directly in a thread and not bother.

Reason why I'm not going with paypal is their ridiculous fee's, plus currency conversion is crazy for where I live. Clearly by my name, I'm from Latin America, and for my country they charge 7.4% direct payments from US paypal account to international account, so that'd be 7.4% - 15K, plus .60c for the transaction, that's over 1K in fee's, not including the currency conversion which paypal takes a fucking huge cut off of it as well as they say it's based on EX market value but it's fucking not.

In any case, I'll probably just send an invoice on payoneer for 15K and see how things turn out, I'll avoid using paypal whenever possible.

Well, I myself never received more than $1K at once in Payoneer, but i know peoples who got payouts of more than $12K in their accounts from CPA networks, they keep the cash on payoneer & use the card and withdraw some of the money to local bank accounts whenever they like to.
Payoneer do check the company that use their Mass payout service, so it's very normal to receive larger amounts in your accounts.

The problem actually is with transactions between accounts & receiving payments from clients, especially if the payments is done With Credit Card, and not a transfer from a Payoneer account to another, Payoneer do review the transcation before they approve it, if it doesn't get approved, they'll just contact you and won't ban your account, it had happen to me before when i tried to load my account with a local bank debit card LOL.
I also think if you receive money regularly from clients through Payoneer - small amounts - then it's not going to be a big deal to receive larger amounts, however, i advise you to contact payoneer support & let them know and see what they think about it.

I can vouch for Payoneer. No issue with them yet. Only one year of experience though.

HoNeYBiRD said:

Fuck no. Bank to bank is a better idea.


Moving bigger amount on Payoneer can trigger reviews. Not really when you receive it from a company, but when you try to move it. If it gets sent to you by an individual via private load for instance, you can also prepare yourself for a review.

Otherwise Payoneer is a trusted company, if your transaction gets reviewed and if you submit what they ask for, they will release the funds. I'm with them since 2008.

These kind of amounts are better to be moved from bank to bank. A wire costs $50 or $100 at most, direct deposit/ACH is even cheaper, if you have a US bank account. Payoneer will charge you 2% for the withdrawal, for $15k that's $300, if there's no currency conversion and even more, if there is (an additional 2% above mid-market rates).
On top of that if you're getting paid by a company via ACH, Payoneer will charge you 1%. That's already $150 minus, by you have the money in you bank account, you'll have $450 less.

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like to ask quick quistion , will i lose my Payoneer account becouse uk out of the euro , i was told i will ?

apparently the company that supplies the card service are getting rid of non euro countrys

please reply cheers

I've been using Payoneer for 5 years now with large sums and did not experience any issues so far. I never used the bank transfer option though, only ATM withdrawals.

redarrow said:

like to ask quick quistion , will i lose my Payoneer account becouse uk out of the euro , i was told i will ?

please reply cheers

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Good question, but who told you that?

What will change regarding to Payoneer when the UK leaves the EU? The GBP stays, i assume you have a GBP card. What would change?
Worst case scenario, you need to switch to an EUR card (ironically after leaving the EU lol) or to USD.
You won't lose the account for sure.

M4XW3LL said:

I've been using Payoneer for 5 years now with large sums and did not experience any issues so far. I never used the bank transfer option though, only ATM withdrawals.

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That's the proper way to do it, so you aren't triggering reviews.

The daily withdrawal limit of the Payoneer card is $5k, POS transaction daily limit is $2.5k, the total spending limit combined is $7.5k per day. That should be enough to take the money out. None of us keeps hundreds of thousands there i assume.

The bank transfers have a fixed fee at 2%.
The ATM withdrawals have a fixed fee at $3.15, plus the ATM company/bank can charge you up to 3% of the withdrawn amount, which is the maximum, that fee can be lower or even none. With ATM withdrawals you can even select who should handle the currency conversion (if there's any), your bank or Payoneer, so you can go with whichever provides the better rates.
If you're thinking cheating the taxman, withdrawing in cash can also be a better idea, because opposed to domestic bank accounts, most governments won't know about Payoneer.

Practically there is not a single reason to opt for bank transfer instead of ATM withdrawal, unless the ATM withdrawal fees turn out to be more than 2%. If you don't like that much cash at hand, you can just go to your bank and make a deposit, which is free in most cases and can be done via ATMs too nowadays.

I've sent the invoice for my original question, I'll keep this thread updated with how things go.

LMAO, Limit has been exceeded for the invoice, didn't even get to receive the payment lol I'm out of options.. might really just end up using paypal.