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Withdrawing to European Country. Payoneer or PayPal


danielsemmelroc
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Hi,

I'm a Fiverr Seller from Austria (local currency is €) and I want to ditch PayPal currency conversion from USD to Euro because it is straight up robbery.

I have a TransferWise account in USD but no way of linking it to my PayPal account because it is an European PayPal account.

Would my best option be to ditch PayPal completely and use Payoneer instead? Can anyone confirm that I'll be able to add my Wise bank account in USD to Payoneer without problems?

Is someone currently living in Europe using a withdrawal setup like this and can confirm?

Fiverr $ -> Payoneer $ -> Wise $ -> Wise € -> European Bank Account €

Thanks!
Daniel

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According to payoneer official support conversation,

 

You can easily link you wise bank account to payoneer and withdraw funds. It may charge you 2% of your transaction amount.

Additionally, I think you can discuss fiverr support as I think fiverr have option where you can withdraw directly in EUR instead of USD.

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Fiverrs currency conversion rate is almost as bad as PayPals conversion rate so I'm trying to keep the money in USD until it is in my Wise account.

I didn't know about the 2% fee when using Payoneer, that sounds pretty bad as well, i thought there was a fixed fee like 3$ per transaction. 😕

Can you confirm the 2% fee?

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I'm interested too. Trying to setup the payoneer account to receive funds in EUR from Fiverr because it is impossible to convert USD in EUR inside Payoneer. I'm curious does it worth it to withdraw in EUR from fiverr.... 

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