Payoneer Annual Account fee update May 2023

[maftabahmed]

Today, Payoneer has updated its policy regarding Annual Account fees. Users receiving less than $2000 in the consecutive 12-month period will be charged $29.95 annually.

So, how do the experts see this change owing to the fact that it will badly impact users receiving less than $2000 annually?

Is there any loophole in order to avoid such fees, especially for Pakistani users who have no other option except Payoneer?

[smartdezigns]

6 minutes ago, maftabahmed said:

Today, Payoneer has updated its policy regarding Annual Account fees. Users receiving less than $2000 in the consecutive 12-month period will be charged $29.95 annually.

So, how do the experts see this change owing to the fact that it will badly impact users receiving less than $2000 annually?

Is there any loophole in order to avoid such fees, especially for Pakistani users who have no other option except Payoneer?

We have no choice other than Payoneer, so we have to follow their rules. 

[grayprogrammerz]

17 minutes ago, maftabahmed said:

Today, Payoneer has updated its policy regarding Annual Account fees. Users receiving less than $2000 in the consecutive 12-month period will be charged $29.95 annually.

So, how do the experts see this change owing to the fact that it will badly impact users receiving less than $2000 annually?

Is there any loophole in order to avoid such fees, especially for Pakistani users who have no other option except Payoneer?

We already pay $3 transfer fee from fiverr to payoneer

after %2 to payoneer

after conversion fees around $20 i guess

(additional $10, if funds less than $500)

 

if you want save every single dollar, then withdraw only in bulk (around $500-1000)

it may save many small taxes, like $10, $3

 

between why take so tension, our Rupees are cheapest one

and even now that $400 reaches more than lakh pkr. hehe

[maftabahmed]

3 minutes ago, grayprogrammerz said:

We already pay $3 transfer fee from fiverr to payoneer

after %2 to payoneer

after conversion fees around $20 i guess

(additional $10, if funds less than $500)

 

if you want save every single dollar, then withdraw only in bulk (around $500-1000)

it may save many small taxes, like $10, $3

 

between why take so tension, our Rupees are cheapest one

and even now that $400 reaches more than lakh pkr. hehe

Can you please explain about the fee part where you mentioned $10 for funds less than $500?

[grayprogrammerz]

Just now, maftabahmed said:

Can you please explain about the fee part where you mentioned $10 for funds less than $500?

If your withdrawn money is less than $500, payoneer will charge extra/additional $10 fee

[gayanchamira]

Is it for also non card holders?

[florenciafarkas]

Unfortunately there is not much we can do, they know there are not too many options apart from Payoneer.

Maybe in the new suggestions and ideas section you can propose to add more payment methods?

[newsmike]

On 5/22/2023 at 12:14 PM, maftabahmed said:

Is there any loophole in order to avoid such fees, especially for Pakistani users who have no other option except Payoneer?

I'd concentrate on earning more rather than trifling over schemes aimed at saving pennies. 

[filipdevaere]

On 5/23/2023 at 1:38 AM, grayprogrammerz said:

if you want save every single dollar, then withdraw only in bulk (around $500-1000)

This is what I do. I withdraw when I have more than $3000.

[grayprogrammerz]

4 hours ago, filipdevaere said:

This is what I do. I withdraw when I have more than $3000.

Right. But such limit also varies on monthly earnings and country.

For pakistanis, dollar rate is increasing month by month. So even pennies in usd are monsters in pkr.

I guess that's not case with china, right ?

 

and there's not much I can save with those strategies.

In my case, difference b/w $1000 vs $3000 is like saving $6-$10. hehe

[maftabahmed]

On 5/23/2023 at 6:16 AM, gayanchamira said:

Is it for also non card holders?

Yes.

On 5/25/2023 at 12:17 PM, florenciafarkas said:

Unfortunately there is not much we can do, they know there are not too many options apart from Payoneer.

Maybe in the new suggestions and ideas section you can propose to add more payment methods?

I already did, but to no avail.

On 5/25/2023 at 12:37 PM, filipdevaere said:

This is what I do. I withdraw when I have more than $3000.

That's an option! Additionally, there must be an option on Fiverr to edit withdrawal amount.

[mash_raju]

It has been very bad specially for us Bangladeshi freelancers..
Because we don't have Pa..yP.al in our country

[asif_abeer]

You can't actually do something for that, can you? These companies will definitely try to make revenues so don't look for loopholes because it might get you in trouble. Use the service as it is, otherwise look for other alternatives.

 

[shifan]

If only we had more payment options. For Sri Lanka it's only Payoneer. But there are other services that we can use like wise.

[nomanakas]

we need another payment method.  Some Country Depend only on Payoneer.