[Paypal Vs Payoneer (Indian Sellers)]

Hey, I am an Indian seller as well, and I have not yet withdrawn any of my earnings. I wanted to know, payoneer has an annual fee of around $30, if you sign up using Fiverr do you still have to pay this annual fee?

And I heard there is an inactivity fee as well, where you are charged if your account remains inactive for more than 30 days. Does payoneer charge you these fees as well?

I’m sorry if I’m asking way too many questions, I’m just super confused.

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This is how fiverr is set up with Payoneer. 2% + 3$ Is their total fee on any transaction you make. Not sure what the minimum amount is.

However, their conversion rate is definitely better than what Paypal offers in my opinion.

I wanted to know, payoneer has an annual fee of around $30

I wasn’t charged and I think it’s for people who want to get a payoneer credit card, I just directly debit it to my bank account.

And I heard there is an inactivity fee as well, where you are charged if your account remains inactive for more than 30 days. Does Payoneer charge you these fees as well?

Only if you use the card. Also, it’s 1 year of inactivity not 1 month. 🙂

[Paypal Vs Payoneer (Indian Sellers)]

One thing that I’ve observed using Paypal’s currency converter is that their conversion rates are not very pleasing. I’ve also heard that the total charge can be upto 9-10%. Btw do you also get charged extra 2 percent of the whole amount along with the $3 fee as stated by payoneer?

Btw do you also get charged extra 2 percent of the whole amount along with the $3 fee as stated by payoneer?

I’m not sure, I’ve never checked it that carefully but I’ll be debiting again in a few days and I’ll post here again regarding all the conversions and calculations and screenshots from payoneer as well.

[Paypal Vs Payoneer (Indian Sellers)]

I’m also interested in knowing this so let me know.

As for me, I’m currently using Payoneer and their conversion rate isn’t that bad but it’s definitely not accurate. So if on google 1USD = 75 INR, I’ll get a conversion rate of around 74INR.
As for their service fee, it’s a fixed $3 USD even up to payments of like 800 USD, that’s the max I’ve debited atm, soon I’ll be trying if the service fee increases if you cross the $1000 limit but I don’t think it will.
Also, I feel the confusion is there because their rates are different depending on where you’re from so definitely interested in knowing a detailed answer on this from Indian Sellers.