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nathanielsvoice

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  1. I just want to warn users against using PayPal to withdraw. For whatever reason, my Payoneer account (my usual withdrawal method) has jammed up. I contacted Fiverr Support who were useless. I have tried calling Payoneer, the number doesn't connect. I have tried LiveChatting them 3 times now, twice it has disconnected, and the third attempt I've been waiting for half an hour and the system is trying desperately to kick me out of the queue, checking if I'm still here every 3 minutes. I have withdrawn my USD balance to my PayPal account. I now have two options to transfer this balance into my British bank account: transfer direct from PayPal to my UK bank account (no fee, but a conversion rate: $1.00 USD = £0.737879 GBP), or through their service called Xoom by PayPal, to transfer to my Wise (formerly TransferWise) account, where I get a conversion rate of $1.00 USD = £0.768905 GBP). The only trouble is Xoom by PayPal requires you to pay $10 USD from a local bank account to make the payment. The only US account I have is my Wise account. But guess what? You can't transfer money into the account that you're using to pay the transfer fee. Clever move from PayPal. So you're forced to use PayPal's direct transfer, the rate of which is 4% worse (so effectively a 4% fee). Because I have always used Payoneer which charges a $3 flat fee, I waited until I had a fairly high balance in Fiverr before making my transfer. This is bad news now that I've done it through PayPal as I'm losing 4% of my earnings (on top of the 20% that Fiverr takes for every job and the massive slice the tax man takes off me). Things like this make it almost not worth while bothering to freelance. In short, don't use PayPal to transfer to GBP. They'll fleece you.
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