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Paypal Or Payoneer bank transfer for Indian seller?


bmsviz47
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  • 4 weeks later...

Hey, an update on this. I have received the refund amount, so incase yours was stuck it will be sent back to you soon and Payoneer is way better in my opinion, it is safer and doesn’t need a lot of unnecessary document submissions, so I would suggest you go ahead with that. It does charge you a fee of $3 for transactions but if you are transferring larger amounts of money, this would be the safest way to go about it. Good luck 😃

Can you please tell payment conversion rate is it current market rate or is it different?

Like in PayPal conversion rate are below than actual rate.

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  • 1 month later...

I use payoneer, for me it is perfect, funds are transferred to banks in 2 days or less, also be careful if you have banks like hdfc bank, because payoneer will transfer funds without converting it, but still take 2 % from you and then hdfc will charge extra for conversion (according to their own rates). for me I use SBI so I only get charged 2% by payoneer and they convert it and send it to my sccount.

Thanks for the help @wanderingartist. Can anyone here in forum with account in ICICI Bank can confirm about such additional charges for conversion while withdrawing money using Bank Transfer?

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  • 1 month later...

I use payoneer, for me it is perfect, funds are transferred to banks in 2 days or less, also be careful if you have banks like hdfc bank, because payoneer will transfer funds without converting it, but still take 2 % from you and then hdfc will charge extra for conversion (according to their own rates). for me I use SBI so I only get charged 2% by payoneer and they convert it and send it to my sccount.

Hi, what is the minimum withdrawal limit from payoneer. I read it depends on our local bank. You are using SBI, have you tried to withdraw less than $20 or $50. Let me know . Thanks

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  • 3 weeks later...

Thanks for the help @wanderingartist. Can anyone here in forum with account in ICICI Bank can confirm about such additional charges for conversion while withdrawing money using Bank Transfer?

If you use HDFC bank or like that, they will charge extra for conversion, best use Indian banks like sbi BoB payoneer will charge 2% or so but it will convert the amount. Once I withdrew to my HDFC bank and they charged 6% conversion fees then then 18%gst like wtf ??

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@bmsviz47

Payoneer works best. It charges $3 on bank transfer, no matter what the amount is. While PayPal charges a percentage on the given amount so an Payoneer would be better compared to PayPal when it comes to withdrawing money.

Hope this helps.

Hi,

I got a doubt -

I got a e-mail earlier from payoneer that says ‘Payment transferred to your bank account’ but the amount haven’t yet added to my local bank account and to my payoneer account. Any idea on how long it takes? (This is my first withdrawl from fiverr)

Thankyou!

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Hi,

I got a doubt -

I got a e-mail earlier from payoneer that says ‘Payment transferred to your bank account’ but the amount haven’t yet added to my local bank account and to my payoneer account. Any idea on how long it takes? (This is my first withdrawl from fiverr)

Thankyou!

Depends upon on which day and at what time have you initiated the transfer from Fiverr.

In my experience, on weekdays, when I initiated the withdrawal before 9 AM, it gets transferred the same day by evening.

And when initiated on Saturday or say after 12 PM, it takes 2-3 days.

Good luck on receiving first payment !

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Depends upon on which day and at what time have you initiated the transfer from Fiverr.

In my experience, on weekdays, when I initiated the withdrawal before 9 AM, it gets transferred the same day by evening.

And when initiated on Saturday or say after 12 PM, it takes 2-3 days.

Good luck on receiving first payment !

Thankyou so much for the reply!

I received the cash within a day 😄

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