Lower Fees for Payoneer’s Global Bank Transfer
We have recently released a new payment solution, namely Payoneer global bank transfer service and now we are happy to announce that Payoneer has now lower fees for global bank transfers!
Lower Fees for Payoneer’s Global Bank Transfer
Payoneer’s Global Bank Transfer Service allows all our translators to receive global payments directly to their local bank account at lower fees. We consider this new payment alternative to be beneficial especially for our translators outside the EU – providing a solution to receiving bank payments from us.
New Pricing
Now, for over 55 countries, local bank transfers have been reduced to 2.99 Euro from 4.95 Euro!
Local Bank Transfer:
* Transfer fee – €2.99*
* Conversion Rate – 2.75%
* Number of days for transfer – 1-3 business days
* Pricing flexibility – Per country and currency
EUR Local Transfers:
* Transfer fee – €2.99* + 1%
* Number of days for transfer – 1-3 business days
* Pricing flexibility – (€7 cap for the 1%)
Wire Transfers in USD and EUR
USD Wire Transfers:
* Transfer fee – €7.49
* Conversion Rate – 2.75%
* Number of days for transfer – 5-7 business days
EUR Wire Transfers:
* Transfer fee – €7.49 + 1%
* Number of days for transfer – 5-7 business days
* Pricing flexibility – (€7 cap for the 1%)
IMPORTANT:
* Any cross border payments that involve currency conversion will have a FX fee. That applies to any payment method. In order to pay lower fees you should avoid currency conversions.
* Payments sent via the local bank transfer service normally incur zero landing fees, while SWIFT transfers are subject to landing fees, as set by the beneficiary and correspondent banks.
Advantages of using Payoneer as a freelancer
Payoneer is a secure, safe, and effective Global Bank Transfer Service. There are so many advantages in using the MasterCard they provide. We’ll list all the advantages below so you could see what you get when you use Payoneer MasterCard. We are sure you won’t be disappointed with this option as it is one of the best providers and they give the only online debit card in the world. Payoneer is available in 210+ countries around the globe. Here are some of the advantages of using this payment processor:
- No Bank Account Needed for Sign Up
- Get A Virtual Account in USA Bank
- Receive Amazon Affiliate Money
- Fastest Service to Get Your Payments
- Use Payoneer to do Online Shopping and Make Local Payments
- Withdraw Anywhere in Globe in Their Local Currency
- No Hidden Charges
- Get Your AdSense Pays If You Are in the US or in the UK
- Combine Payoneer with PayPal
- Active Local Bank Transfer
- Send Money to Friends Without Any Charges
- Accepted by Many Big Organizations
- 24 Hour Funds Availability in your Payoneer MasterCard.
- Amazing Customer Support
Payoneer is being used by several big companies for paying their affiliates and it has become one of the easiest ways to get your money as a freelancer. We only use this option into our translation affiliate program.
Payoneer is also ideal for its lower charges and taxes; just about any operation costs less than with any other company. The currency conversion rates are also good so you don’t need to worry about these things.
The new Tranwise version released past month reflects these changes. Please make sure you select your preferred payment type in the Personal Details page in Tranwise as soon as possible in order to choose Payoneer for lower fees. Check our videos in order to learn how to use Tranwise.
If you don’t have an account with this payment processor, you can create one from our Payoneer page.
