Payoneer commission. The most profitable way to withdraw money from Payoneer. Connecting the US Payment Service

This article explains how to withdraw money from your Payoneer account to a local bank. detailed instructions connections bank account to an account.

Money from your Payoneer account can be withdrawn to your local bank account (the option has recently been available for both Russia and Ukraine).

Note! The country of the bank to which you will withdraw funds must match the country that is indicated in the billing address of your Payoneer account.

You can change the country (if you have moved) by contacting Payoneer support and confirming in some way that you live in another country (for example, by providing a scanned copy of paid utility bills). The issue of changing the billing address is solved individually.

Withdrawal of money only possible in bank's local currency(even if you have an account in foreign currency). That is, if according to the billing address you live in Ukraine, then money can be withdrawn only in hryvnias, in Russia - in rubles.

The minimum withdrawal amount is $200 wholesale canada goose down https://www.canadagoosessale.org canada goose authentic hologram, withdrawal fee - 2% of the withdrawal amount, conversion - at the average market rate.

In Ukraine, money can only be withdrawn to an account in PrivatBank.

Service registration

Go to the menu Withdrawal - To a bank account.

We get to the page and click the Add button.

Next, you need to enter your number payoneer cards and her CVV code (the three digits on the back of the card), your date of birth, and your Payoneer account password.

Confirm the correctness of the data with a tick and click Next.

On the next page, you need to enter information about your PrivatBank account.
Specify the type of bank account - Individual. Country and currency - according to the country in the billing address, no options are given. Name of the bank: in Ukraine only PrivatBank, in Russia you can withdraw money to the account of AlfaBank, Sberbank and other banks.
In the Account name column, enter the name and surname of the account/card holder in Latin characters exactly as indicated on your card or bank statement.
Note! If you want to withdraw money to an account registered in a name other than the name of the Payoneer account holder, Payoneer support will most likely ask you for additional supporting documents.
Enter the account/card number of the local bank.
The Account Description field is mandatory, but not essential. You can write whatever you want. Solely for the convenience of tracking transactions.
We agree to the terms and conditions and click Submit.
After your application has been moderated, you will receive an email.

I recently learned and tried first hand a way to withdraw money from Payoneer with minimum commissions. The method itself is not complicated, but involves going abroad. Further in the article I share information on how the output scheme works.

Very briefly, what is the essence of the method

We withdraw money in euros from a Payoneer euro card in the European Union.

Who is this method for?

For those who travel, live in the EU, or in the border areas, whose relatives travel abroad.

Main idea

With Payoneer, you can withdraw money as follows:

to a local bank account;

using a Payoneer card at an ATM or bank teller.

There are no other options. We are interested in the 2nd option - the Payoneer card.

In addition to Payoneer's own ATM withdrawal fee, there is a cross-border Mastercard fee if the card is used outside the country where it was issued.

Dollar cards are issued somewhere very far away, and therefore we always pay an additional 1.8% commission for each transaction in US dollars, and 3.5% for transactions in national currencies (hryvnia, ruble, etc.).

However, Payoneer also has cards in other currencies. We are interested in a card in euros.

Payoneer Euro cards are issued within the European Union, and therefore there should be no additional cross-border Mastercard fees.

For the first time I was convinced of this when I paid for purchases in Estonia. Unlike the dollar card, the amount debited from the euro card was exactly what was on the price tag.
On another occasion, I was withdrawing cash from an ATM in Finland. Withdrawn only €2.50 - Payoneer commission for each ATM transaction. The rule - to withdraw the maximum possible amount at a time, remains in force.

Thus, the main idea is to withdraw money from a Euro-card in the EU.

If you withdraw euros from ATMs outside the EU, then the commission will most likely appear again.

But I earn in dollars, it won't suit me

Will do.

Yes, most of us earn and withdraw money to our Payoneer account in dollars. And here the function comes to the rescue - currency conversion. This feature appeared in Payoneer relatively recently. And therefore, not everyone knows about it and actively uses it. The option is in personal account, in the "History" tab

General scheme

The schema looks like this:

We receive payments, as usual, in dollars to our Payoneer account;

Convert USD to EUR in your Payoneer account;

We withdraw money in EUR from a euro card in the EU.

Commissions

For currency conversion, Payoneer takes a commission of 0.5% of the amount. The EUR/USD exchange rate corresponds to the current exchange rate.

More than once I compared the Payoneer course with the course on xe.com. The course coincided, and sometimes it turned out even a little more profitable.

How to get a Payoneer card in euros

If you do not yet have a Payoneer card in EUR, you can order it in your account.

The ability to order a card may not be available until you have a certain amount in euros on your balance. Usually from 50 euros.

Accordingly, we use the currency conversion service.

If you already have a card in USD, then you do not need to pay anything for the issuance and annual maintenance of an additional card in Euro.

Results

Compare commissions for withdrawing money from Payoneer:

withdrawal to a local bank account - 2%;

dollars from a card at an ATM - $3.15 + 1.8%;

dollars from the card at the bank's cash desk - $3.15 + 1.8% + possible bank commission;

national currency (ruble, hryvnia) from a card at an ATM - $3.15 + 3.5%;

euro from a euro card at an ATM in the EU - €2.50 + 0.5%.

Thus, the last method is the most profitable.

It is clear that this option is not for every day, since most of us do not live in the European Union. But going on a trip, it is worth taking a card in euros with you. It is also beneficial for her to pay for purchases on European sites.

With the help of a Payoneer card in euros, there is another way to profitably withdraw money without having to travel anywhere. More in this material:

If you are not already using Payoneer

Sign up now using the link below and get a $25 bonus to your account when you top up your Payoneer account within a year in the amount of $1000:

* Previously, it was enough to deposit $100 to receive the bonus. Now, unfortunately, conditions have changed. And if on other resources you see an offer of a bonus of $100, most likely the information there simply has not been updated.

I myself am an active Payoneer user. If you have any questions or want to make additions to the article, leave them in the comments. It is not necessary to have a livejournal account, you can log in through social media. Also, in my blog there are other materials about this payment system.

Greetings, dear friends! If any of you are familiar with e-commerce or freelance with customers from other countries, then the issue of withdrawing earned funds is extremely acute for you. Being a resident of Russia or Ukraine, or Belarus, or any other state of the post-Soviet space, you, one way or another, face the problem of receiving funds from abroad. Ordinary bank transfers cannot be used as a payment instrument due to huge commissions. By resorting to this method of paying for your labor or goods that you sold abroad, your activity immediately turns into a loss. Needed here completely different approach. Ideally, of course, if you could receive money directly to the card or withdraw it to an electronic wallet. Today you and I can stop dreaming about it, because now to each a payoneer card is available for order, designed just the same to receive payments from foreign companies.

A small digression into the history of the payment system

So, for starters, I propose to find out what kind of berry this is - the Payoneer payment system? To do this, it makes sense to move back to the origins of history. Thus, the American company Pioneer appeared on the market in 2005 year. The main office of the corporation is located in New York. Payoneer is one of the top 100 financial services companies by INC. Among the services offered by the company to its customers, you can find many salary projects . But I want to dwell on those services that can be useful for you and me.

As of today, the holders of the plastic card of this payment system are over three million people worldwide the globe. Of course, most of them are freelancers, among which, undoubtedly, there are many who live in Russia. The card is available for order in Belarus, Kazakhstan, and Ukraine. In total, the company serves clients from more than 200 countries, thereby supporting work with approximately the same number of national currencies.

The main advantage of the Payoneer card, of course, is instant withdrawal funds received from foreign payers from Europe and America. It should also be noted that if you compare the rates of this company with other methods of withdrawing money, then you will simply be amazed at how much lower the rates will be in the case of Pioneer. The main instrument of the payment system is the most common debit card Pioneer MasterCard. With its help, you can pay for any services on the Internet, transfer money to electronic currency, pay for purchases in the store or cash out at the nearest ATM.

Because Payoneer is based in the United States, Payoneer is subject to strict US and international laws and regulations, including Know Your Customers, Bank Secrecy Act and Anti-Money Laundering. If any of you have doubts about the reliability of this company, I strongly advise you to study the list of companies that cooperate with Pioneer, and all your doubts will vanish like dust.

System advantages

To make sure you are completely exclusivity and the need for a Pioneer card, I suggest you familiarize yourself with the list of its advantages:

Payoneer is simplest and most convenient a way to withdraw funds received from foreign companies.
To receive money from abroad, you will not need to open your personal account in a Western bank.
You can keep a card account both in dollars and in euros, thereby converting the currency when withdrawing at the current rate.
To withdraw money you need only two hours.
You can withdraw money at any terminal in both dollars and euros, and even in local currency.
The card can be used to pay for any purchases on the Internet or offline.
When withdrawing money from a card at an ATM, you will have the opportunity decide on your own conversion rate: select the bank rate or withdraw money at the rate of the MasterCard system.
Cash account will be available to you anywhere in the world. In order to use it, it will be enough to find a working Internet network.
You can manage your account from your personal account in Payoneer system . The service is good for its simplicity and functionality.
With a Pioneer card, you can exchange currency, cash out electronic money and transfer funds to individuals.
At any time of the day or night company consultants ready to help you, provide technical support online.

If I managed to convince you that payoneer plastic is a convenient and very useful tool for receiving payments from abroad for those who are used to working remotely and consider themselves to be freelancers, then let's figure out how we can get this product and start take advantage of all its features.

How to register in the service?

The registration process in the Pioneer system will not take you much time. In order to order a card, you will only need to follow each step of the instruction one by one:

Let's go to official website of the company .
Set in the system login, which will be used whenever you want to log into your account. After that, fill out the registration form provided by the site, indicate your passport data and send them to the system.
Prescribe mailing address for which you want to receive a card.
Be sure to indicate the index, country, city, street, house and apartment number, the name of the recipient of the plastic.
Given that the site is in English, you will need to enter the address Latin. Residents of Russia need to wait for the card for about 1-2 weeks.
Now you will need verify your identity so that the service is sure that it is you who withdraw money from the account. In addition, this data may be needed if you accidentally lose your card.
Just enter your passport number in the appropriate fields of the registration form and that's it, registration can be considered successfully completed. Now we just have to wait for the card to be delivered to us, and we can start withdrawing our earnings.
When you finally get the long-awaited plastic, you will need it activate.
This will require a special activation code, which you will find in the envelope with your card. Now that Payoneer MasterCadr is active and ready to use, you just need to go to your personal account of the service and start withdrawing money.

Re-ordering a card

If your card has not arrived within the agreed time, I advise you check status your application in the personal account of the service. If the card has already been sent to you, then at the very top of the profile you will see the estimated date of its delivery. If this period has already expired, it makes sense to repeat the plastic order. For this:

Click on the link in your account " Didn't receive a card?” located in the upper corner of the screen.
Enter your mailing address and click the " Order».
Then go through the process verification by indicating your date of birth and password from the personal account.
Receive by email letter, indicating that your request has been received.

Go to registration

Payoneer Security

Almost every freelancer is concerned about the issue of his financial security. If we consider the Pioneer product from this point of view, then I simply cannot help but highlight such Benefits:

Since the company is registered in the United States of America, this means that it works based on US law. As you know, US laws that control the sphere personal finance are of particular rigor. That is why you can not worry that information about your personal accounts will be transferred to a third party, that is, the tax. Absolutely all information about money movements kept in the strictest confidence.
Since Payoneer is not banking structure , but positions itself as a financial service, this allows it to “bypass” quite a few laws in states where citizens are not allowed to have money savings abroad. In the case of money stored on Pioneer accounts, this problem does not exist, because cash are not in the bank, which means that the law is not violated.

About tariffs and commission rates

You can find out about all tariffs in your personal account by going to the " Help' and selecting the tab ' Tariffs».
In total, the system provides for three types of commissions:

for the withdrawal and cashing out of funds at ATMs - $3.15;
for checking the balance of an account at an ATM - 1 dollar;
for refusal to withdraw funds if you requested cash from an ATM - $ 1.

In order to minimize the loss of money when withdrawing cash from a Payoneer card, we need to know what commission the system will deduct from us. I want to warn you right away that this information is constantly changing due to the fact that banks periodically change the size of commissions and set new limits on withdrawal amounts. According to the latest data, the withdrawal fee consists of:

A fixed amount of commission for withdrawing money from an ATM or receiving cash in bank teller . The size of this amount will fluctuate depending on which service partner you are connected to. Most often it is $ 3.15, which I mentioned earlier.
Fixed withdrawal fee. If you withdraw funds in national currency, then you will have to pay up to 3.5% of the withdrawal amount. If you cash out an account in dollars, then you will need to pay only 1.8%.
%, which is set at the cash desk of the bank where you withdraw money.

In order for you not to puzzle over how to withdraw money from the card with minimal losses, I will advise you withdraw the maximum amount in one operation. This way you won't have to pay the same fees every time you withdraw money.

Limits

As for restrictions on ATM withdrawal limits in dollars, here you need to know the following:

The largest amount to withdraw $400- you will be offered Unicredit And Citibank.
A bit less - 300 dollars- will be available at Rosbank, Raiffeisen Bank, CreditEurope and in Bank Russian Standard.
The smallest amount available for a single withdrawal is 200 dollars, and offer it in AlfaBank.

If the ATM prompts you to choose account type, then know that according to your map, the choice of options is appropriate " Current" And " Estimated».

Withdrawal at the cash desks of banks

If you decide to withdraw money from the card in operating cash desk bank, then here you will have to pay additional interest for withdrawing money from a card issued by a third-party bank:

in banks Rosselkhozbank, Vanguard And Mosoblbank commission will be 2% .
IN Rosbank And Raiffeisen for the same service will have to pay already 3% .
IN Bank of Moscow for a withdrawal transaction up to 60 000 you have to give 5% , if you withdraw more than the specified amount, then interest rate will drop to 2%.

Every year, as a cardholder, you need to pay for the content of plastic. Depending on the partner through which you order the card, the amount of the annual service will also change. For example, if you have issued a card through my invite link , then the cost of service will be for you $29.95, and card activation for residents of Russia will be free.

If you ordered a product through DepositPhotos or 123RF, then for using the card for a year you will have to pay at least $35, that is, $3 per month. I just want to say that if per month you will make from 5 payments, the commission will drop to $1. Besides, for card activation in the first year of operation you will be charged $12.95.

Use payoneer services

Payoneer Global Payment Service

After activating the card, an email should be sent to your e-mail, in which you will be notified that you have received access to special details for receiving payments from abroad. These details are required in order for you to receive Money transfers, for example, from or webmoney.

Supports work with payments in dollars, euros and British pounds sterling. The system provides all Pioneer card holders with the details by which they can receive cash payments in all listed currencies.

Unfortunately, in September 2013, it became impossible to link the GPS bank account to the PayPal account of the cardholder. That's why withdrawal of funds from PayPal is possible today only to cards and bank accounts of Russian banks.

For all other cases, you can ask the system to send you this letter with details immediately after you receive and activate the card. You can get access to the registration of this service in your account in the tab " Receipt».

payoneer and paypal

Quite often, Pioneer card holders have questions related to the compatibility of plastic and the PayPal payment system. I think it makes sense to note the main theses on this topic so that none of you get confused:

freely accepts Pioneer cards for making payments in any services and for any goods. The only thing that is required of you is to indicate four-digit PayPal code, which you will find on your Payoneer account statement. This event is necessary for successful card verification.
It is also real to withdraw funds stored on a paypal account to a Payiner card without any difficulty. The only limitation at this point is geolocation. The thing is that the system allows you to withdraw money to bank accounts in the United States or European Union, only to users of these countries. You and I, being residents of the post-Soviet space, will not be able to use this service. As for residents of Kazakhstan, Georgia and Moldova, they will be able to withdraw money from Paypal exclusively to a Visa type card, while the pioneer issues a mastercard.
Check your details carefully, which you specify during the registration in paypal. Any inconsistencies are detected by the system once or twice, and therefore you can pay for your deception with the loss of funds that will remain on the balance of your frozen account.

payoneer and webmoney

Among the huge variety of all kinds of services that the WebMoney electronic payment system provides to its users, there is also the possibility of attaching a special debit card to wmz account, which simplifies the exchange and withdrawal of funds. One of these debits may be precisely payoneer mastercard. Being the owner of such a bundle, you will forever forget about any withdrawal procedures.

To acquire such a useful payment tool, you just need to place an order for attaching a card through the Webmoney Cards service, located in one of the sections of the company's official website. If any of you have already thought about how to replenish the Pioneer card, then you can do this using the funds stored on the WMZ wallet. Any participant registered in the WebMoney system who has at least formal certificate.

Payoneer Affiliate: Who's $25?

Impressions of working with the system

Summary

I hope that this review will allow many freelancers working with foreign companies, solve the problem of predatory commissions. Test the card, and share your impressions in the comments under this article. I will also be interested to know which payoneer analogues you use, and what is their advantage over this payment system. Do not forget to subscribe to blog updates, because there is still a lot of interesting things ahead of you. See you soon, dear friends!

If you find a mistake in the text, please highlight a piece of text and click Ctrl+Enter. Thanks for helping my blog get better!

Hello, dear readers of the blog site. Describing payment systems, it is very difficult not to mention an earlier solution (dating back to 2005), on the basis of which the mentioned systems were already built. This payoneer. In Russian, it is most often pronounced as Pioneer or even Pioneer, but it doesn’t matter.

Its purpose is exactly the same as that of most other similar payment systems (,) - to enable people to receive and transfer money around the world. Especially Payoneer cards and other people who earn on services or goods (for example) around the world.

As in ePayments, a plastic card Pioneer is not associated with an account in foreign bank, which means you will not need to report this to the tax office. It will be possible to pay for purchases on the Internet or the nearest store, as well as withdraw cash from ATMs around the world. As a rule, freelancers earning money abroad have good income and commission charged for cashing out money from this card they don't seem important.

Why You Might Need Payoneer

It has already become a good tradition that they have the support of the Russian language, not only in terms of the interface, but also in terms of the Russian-speaking technical support. Payoneer is no exception here, and all emerging force majeure can be resolved in your native language. There is a Russian-language support forum, which can be very helpful sometimes.

Pioneer system primarily tailored to the needs of freelancers around the world. For example, through it you can bill the employer, and he is already free to pay for it in a way convenient for him.

It is also possible to open a virtual account in an American bank in order to receive a salary on it as a regular employee of a US company. Someone will benefit from this opportunity remote work And fast way receiving and withdrawing the money earned there. But this will be a virtual account (in the name of the company, not yours), so you will not officially have a personal account in a foreign bank, and therefore with tax problems There shouldn't be any extra either.

At the same time, Payoneer is not a payment system in the usual sense, because it does not have wallets and a number of other attributes (there is just an account). But she is largest company in the world (American), which cooperates with leading platforms (both those providing work, for example, freelance exchanges, and merchants, for example, Amazon) offering their services for making fast payments.

For different countries this system provides different possibilities. For example, for Germans, there is only the possibility of receiving money to a local bank account, which they indicated during registration. For residents of Runet (Russia, Ukraine, Kazakhstan, etc.) there are two the possibility of withdrawing money through Pioneer:

On your check at a local bank (you indicate it immediately during registration, although this is seriously annoying, because I have never filled in so many fields and have not gone through so many steps during a regular registration in a payment system).
For prepaid Payoneer card(i.e. not tied to bank account, which allows you to avoid problems with tax), which you can order and receive as a parcel at the nearest post office. With it, money can be either simply spent in the store, or withdrawn through ATMs.

Registration in the Pioneer payment system

Registering with Pioneer- it's something with something. I have never had to go through such a long process. Why don't you just enter your email address and create a password? Oh, it's too easy. Although, free $25 is still stimulating!

You will need to go through four steps of the wizard, each of which you need to fill in from two to ten fields. Then a little more torment with inventing the second and third control questions (three questions, Karl!) and wait until you receive confirmation by mail that you have been accepted into the friendly team of this not quite payment system (I received it on the next day).

Are you ready for this feat? And for the sake of 25 free bucks on account? Well then let's go. The main condition is that you must before registering, otherwise you won’t be able to get a quarter of evergreens (this is such a bonus for registering via an invitation link).

So, on the page that opens, find the button " Sign Up & Ear $25” (sign up and get 25 bucks) and start filling in the fields in the step-by-step wizard:

If you thought that was all, then I hasten to disappoint you. You will also have to wait for confirmation, which will come to your mail within a few working days (I received it the next day). And even after that, they won't get off of you alive. You will not believe!

You will not be able to log into your newly verified account without first selecting two more security questions and entering the answers to them. Some kind of paranoia

Well, and only after that you finally get into your account.

Payoneer card and other system features

It is possible, in principle, immediately order a Payoneer card by opening the item of the same name from the top menu, because it will be sent to you by mail for several more weeks.

In the meantime, the card has not yet arrived to you, withdrawal of earned money can be carried out on the specified during registration in Pioneer Bank account:

How to receive payments with Payoneer can be read by clicking on the links on the tab "Sources of receipt of funds", which is located in the drop-down menu of the item "History":

As I mentioned, this system has the ability invoice for the work you have done(similar to how it is done in Paypal) so that the employer can pay you through the Pioneer system in a way convenient for him:

Option «Global payment service» from the "Receive" menu item allows you to create a virtual bank account to which your employer companies can transfer your salary.

An account can be opened in the currency you need, after which it is enough to simply make a request for a payment (issue an invoice indicating the received virtual details).

Fees in Pioneer for using the card and account

The card itself is convenient and money can be spent and withdrawn from it at any time anywhere in the world, but the commissions for it are not very sparing.

Payoneer takes advantage of the fact that it is a monopolist in withdrawing funds earned on the Internet from a number of popular sites and does not particularly look towards competitors, such as ePayments, where card rates are much more humane, but the payment system itself is not yet very common.

But Pioneer gives newcomers $25 bonus after coming back open card first 1000$. And it doesn’t have to be a hundred at once - a free quarter will drip onto your card account after exceeding the threshold of a hundred bucks stored on it. Again, this bonus is not given to everyone, but to those who will go to the site before registration using a special link(it is also given at the beginning of this publication)

Commissions for withdrawing and spending money in stores from Payoneer card:

Commissions for withdrawal of money from your Pioneer account to a local bank account:

If you withdraw to a dollar account, the commission will be small - 2% of the amount.
If for ruble, then add 2% for currency conversion (just the exchange rate will be about a couple of percent higher than the market average).

If you have high turnover of funds on your account, then you can add up to six different bank accounts (already including foreign currency), and also get preferential interest when withdrawing from Payoneer to Russian banks in rubles - only 1.5% of the exchange rate of the central bank.

Where is the best place to withdraw money from a Payoneer card?

In principle, you can withdraw and spend them wherever payment cards are accepted - in any country in the world, at any ATM, in any store or cafe. Another thing is if you want to minimize the additional costs associated with all this.

As I said, in addition to the card in RuNet, it is possible to withdraw money from Pioneer to your account in Russian bank. However, not everyone wants to show their income and therefore use the card to cash out foreign income.

Do not forget that the card is in foreign currency (in dollars), which means that you need to look for appropriate ATMs (usually currency is issued by ATMs of bourgeois banks localized with us).

Don't forget the $3.15 transaction fee plus ~1.8% for non-state withdrawals. For example, when cashing out $2,500 from a Pioneer card in Russia, you will be charged total commission~ $48 (if the entire amount was withdrawn at one time).

It is clear that better to get a large amount at once in order to pay $3.15 as few times as possible, which means it is important to find an ATM that immediately dispenses large amounts in dollars. Unfortunately, the situation with this is constantly changing, but for now you can pay attention to these ATMs:

Binbank - it all depends on the specific ATM, but in theory you can withdraw all daily limit by card ($2500) at a time, saving on repeat transaction fees. You can cash out large amounts in dollars through Binbank cash desks under the same conditions, but you will need to present your passport.
Rosbank - up to four hundred Baku at a time
Alpha - only a hundred can be withdrawn, but if more is not needed, then ...
Absolute - up to two hundred
Raiffeisen - up to three hundred at a time
VTB 24 - you can withdraw $ 500 (if less, they will take one and a half percent of the penalty)

You can withdraw from a Payoneer card in rubles, but for conversion they can withhold up to 3.5% percent of the amount instead of 1.8% when withdrawing in dollars. True, it can be profitable to withdraw large amounts in rubles (because ATMs allow this) and not pay $ 3.15 for many transactions in dollars.

Again, it is more profitable to withdraw amounts in one payment so as not to give another $ 3.5 for each transaction. However, not all ATMs allow you to withdraw large amounts from cards of other banks. I can only advise you to look aside:

Alfa Bank - up to 250 thousand rubles at a time
Tinkoff Bank - up to 200 thousand rubles
Raiffeisen Bank - up to 150 thousand rubles
VTB24 - up to 100 thousand rubles at a time
Bank mail - up to 50 thousand rubles

If you calculate commissions, then for amounts larger than $1000-1500 it is better to choose either withdrawals at ruble ATMs or at the cash desks of banks issuing dollars in large quantities (but here you will most likely have to show your passport, which not everyone likes to do).

Good luck to you! See you soon on the blog pages site

Why do you need a withdrawal?

Everyone answers this question for himself. It all depends on your specific needs. Here are the main pros and cons.

Main advantages

Residents of Ukraine Payoneer allows you to register an account without issuing payment Mastercards . In this case No annual service fee of $29.95, and only standard tariffs are applied to incoming amounts (1%). A Payoneer card can be issued at a later date if needed. You can withdraw the funds received on the balance of your Payoneer account to a bank account.

Understandable commission in 2% of the withdrawal amount is significantly lower than the standard Payoneer ATM withdrawal rate, namely $3.15 + 3.5% per conversion (this is the maximum, usually less). Most ATMs dispense a maximum of 40 banknotes, i.е. it will not be possible to withdraw more than 20 thousand hryvnias in one operation - and even then, if bills of 500 hryvnias are available. You will also have to pay $3.15 for the subsequent transaction. And given the "currency issue", the withdrawal procedure large sums can turn into a lottery, since it is not known how many bills and what denomination are loaded into the ATM. When withdrawing through an account in Privatbank, everything will be much simpler, especially if you have a card that does not provide for commission upon withdrawal - for example, “for payments” (although in this case the bank will charge an additional commission of 0.5% for crediting funds). Just send the necessary amount to be converted into hryvnias to an account in Privatbank - and have cash at hand, without unnecessary nerves and overpayments. Comfortable. By the way, the maximum amount that can be withdrawn at an ATM from a Payoneer card per day is limited to the equivalent of 2 thousand dollars. The maximum withdrawal amount is 10 thousand dollars a day.

Possibility to get at the bank cash currency- dollars. You draw up a withdrawal from the dollar balance of your account to your foreign currency account in Privatbank or any other bank. This is the only possible variant receive foreign currency, since its issuance in Ukraine through ATMs is prohibited, as well as at the cash desks of banks - it will not work to withdraw foreign currency directly from a Payoneer card.

Main disadvantage

Who, from which card, when and how much was withdrawn from an ATM - this not fixed anywhere. It is quite another thing - the payments received on your account in Privatbank. Here they are already may come under scrutiny fiscal authorities. And given the recent nationalization of the bank, this issue has become even more relevant, since, as they say, one does not have to look far for data. It is unlikely that questions will arise if the balance of the account contains amounts of 5-10 thousand hryvnia per month. Although there is no guarantee here either. After all, while the funds are on the balance of Payoneer, for tax authorities information is not available, but as soon as they enter your local account, the recipient should already think about it. We discussed all questions regarding the Payoneer service and taxation in detail in the corresponding article. Briefly, the question is as follows: it is up to you to declare or not received on the account in Privatbank. However, remember that they are sent by Payoneer and stories about what it is " material aid parents for treatment” will not work here. Waiting for an invitation to the tax office, each time sorting out the mailbox, is not a pleasant occupation. If you do not have a main place of work, then it is quite possible to register the 3rd group of SPD FO and transfer some amounts to your Payoneer account, which you will report to tax office. True, in addition to the quarterly fee in Pension Fund you have to pay 5% tax. As a plus, you get official employment and become a “white man” by indicating this data in any visa application form or other document.

How to withdraw funds to an account in Privatbank

Getting a Privatbank card

If you do not have a Privatbank card, you will have to visit a branch with a passport and identification tax number. At the bank, you need to choose the optimal tariff plan, open and receive a card. Do not forget that the received card must be activated: for this, it is enough to request the account balance at an ATM. The easiest option is the “Universal” card in hryvnia, which is issued immediately.

After the card has been received, it makes sense to register with Privat24 and install the appropriate application on your smartphone.

Adding a bank account to your Payoneer account

Now we need to add information about the card, or rather the bank account linked to it, to the Payoneer account. After logging in to the site, click "Withdrawal to a bank account".

If you added bank account details during registration, they will be displayed here, if not, then adding a new one will not take much time. A maximum of two bank accounts can be added to an account. Click "Add New".

Once again confirm your intention to add a new bank account to your account by clicking "Add a new bank account".

Now decide whether “Personal” is an account or “Corporate”, i.e. open on entity. If you opened an account as a private entrepreneur, then also select "Corporate".

Choose the country of the bank this case Ukraine. At Payoneer, you can withdraw funds to your own accounts opened around the world, so the list of countries offered is not a formality.

After selecting the country, you must select from the available currency in which the bank account is opened. This is important, by choosing the wrong currency - you risk that the payment will be returned.

We select the Ukrainian hryvnia "UAH" and click "Next".

Withdrawal of hryvnias is possible only to the account of Privatbank, come up with an identifier for this account (we have Privat UAH) and as the account number, enter sixteen digits from the front of the card.

Check the box "I confirm the above bank account details".

On the next page, you will be asked to go through a security check and enter your date of birth, as well as the password to your Payoneer account.

After that, you will receive a notification that the bank account has been added and the verification will take up to 3 days.

But in practice, everything goes much faster. For your email you will immediately receive a notification about adding an account.

The account will indicate that the account is “pending” and it will not be possible to send funds to it yet.

However, literally in a few hours, wait for a letter stating that the account has been approved.

Sometimes, along with the account approval letter, you may receive a letter stating that the added account is not in your name (although it is not) and additional verification is needed. If you didn't receive this email, skip this step.

Do not be afraid, these are the whims of Payoneer, click the link in the letter and fill out the questionnaire. Enter the registration data for your Payoneer account. If the form opens in English, then the filling language is also English.

Fill in the lower part of the form approximately as we have shown in the example. Just indicate that this is your bank account and click "Submit".

You will receive a notification that the application is being considered. But the withdrawal of funds is already available.

Withdrawals

After the account is added to the account and approved, it will take just a minute to complete the withdrawal request.

In your personal account, select "Withdrawal to a bank account".

Select the balance from which you would like to withdraw. Don't forget that the minimum withdrawal amount is 50 USD/EUR.

Now select the account to which you would like to receive the money, specify the payment ID if desired, and then click "Check".

You will immediately be shown the exchange rate, which usually differs slightly from the bank one for the worse. And if everything suits you, put the appropriate checkmark and click "Output".

At this stage, the security system may again require you to verify your identity. This time you will need to enter the answers to the secret questions that you entered during registration.

After successfully passing the verification, you will receive a notification that the withdrawal has been successfully completed, and the funds will be credited to the account in three to five business days.

In practice, within the next business day, wait for a notification from Privatbank about the receipt of a money transfer.