Payoneer

 

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Here are the charges a contractor may incur when activating the card, and when withdrawing funds from oDesk into Payoneer Debit Mastercard:

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To withdraw your earnings from oDesk, click the wheel icon, re-enter your oDesk password and click Continue. At the next window, click “Get Paid” tab to display the amount available to withdraw.

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To proceed with the withdrawal of funds, click the “Get Paid Now” tab, indicate the amount you want to withdraw, choose your payment method from the dropdown list then click “Done” tab.  You will then receive an oDesk notification like this:

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…and another email upon loading of the funds onto your Payoneer account:

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To verify if funds are indeed loaded, login to your Payoneer account and refresh to display updated balance:

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Note: Before withdrawing money from an atm, make sure funds have been already loaded into your Payoneer card.  Verify the balance as above, or you may do a balance inquiry first at an ATM.  It is advisable to leave enough funds to cover for the ATM withdrawal charges (varies per bank).  In my case (BPI ATMs), I withdraw the maximum allowable limit of P20,000, but I make sure there is at least P400 left to cover for international remittance charge of P200 PER FUND WITHDRAWAL,  and atm withdrawal charges.

To maximize benefits, use your debit card to make purchases at merchant stores accepting Mastercard where there is no charge to be incurred or deducted from your fund balance because it is as good as cash.

If this post was helpful to you, please post your comment, suggestion or experience with Payoneer debitcard.  Thank you.

41 Comments

41 thoughts on “Payoneer

  1. Pingback: My oDesk Debit Mastercard « The Neophyte Freelancer

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  3. Thank goodness for your gift of accurate details! I was sort of blind about this payment method until I went over this article of yours! This is also my chosen payment method. Thanks so much! Now I know what to do…

      • Yes I already applied for it, and yesterday I received a notification that my application has been approved! It took that long to arrive? The mail said wait-time will be 25 days for non-US residents. But like you, I’m gonna wait for it regardless.. thanks so much for being so generous with your experience and knowledge! GOd bless.

  4. Thanks po! This blog is very helpful… Sobra… After reading your blog post na Wear The Buyer’s Shoes, nakagawa ako ng matinong cover letter kanina… Hehehe! Medjo alam ko na ang dapat kong ilagay sa cover letter ko. 🙂

    Thanks po!

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  7. Thanks po! This blog is very helpful… Sobra… After reading your blog post na Wear The Buyer’s Shoes, nakagawa ako ng matinong cover letter kanina… Hehehe! Medjo alam ko na ang dapat kong ilagay sa cover letter ko.
    +1

    • Thanks for your comment Rhys. I’m glad you got valuable help from my blog. Visit here anytime and keep on reading the articles and learn more tips to help in your freelancing. I wish you success, too!

  8. Transferred from paypal to Freelancer and then transferred to Payonner cheese, and allowed me to transfer to my card. Someone knows why ?

    • Hi Arkie,
      There’s no need to convert Payoneer funds before withdrawing. The main thing you need to keep in mind when using your Payoneer card is that your account is held in USD, regardless of what country you live in. That means that if you are not spending in USD, each time you use your Payoneer card the funds are converted to your local currency. Exchange rates differ though when using it for purchases in merchant stores and when withdrawing it from an atm.

  9. hi. i am new to payoneer. approved na ako and waiting na lang sa card. thanks for this post kaya lang may questions lang ako since 2009 pa yung post na ito. may mga changes (improvement) na ba? like nabasa ko kasi yung local fund transfer is pwede na sa pilipinas have you tried it and paano yun? pwede bang i-connect ang bpi direct sa payoneer? thanks. hope masagot mo.

    • You can withdraw your Payoneer funds from any atm with “Mastercard” logo….I withdraw mine from BPI.

      If you’re asking about LFT from Payoneer to local bank account, I think you need to choose between having the Payoneer Debit Mastercard or the Global Bank Transfer Service…but not both.

      Payoneer has also recently launched its Global Bank Transfer Service, allowing users worldwide to receive payments directly to their bank account. A great thing about this service, which is available to over 200 countries in over 40 currencies, is that it includes US direct deposit, local bank transfers, and wire transfers. So, no matter where you are in the world, Payoneer’s Global Bank Transfer Service is an excellent solution to get paid quickly, and for less.

      Payoneer users must choose between the prepaid card and the Global Bank Transfer service. As the two services are very different in the way they operate, Payoneer says they cannot currently offer both at the same time. If you are a Payoneer account holder and would like to switch from the prepaid card to the Global Bank Transfer service, or vice versa, please contact Payoneer Customer Service department.

  10. Hi Verena,

    thanks again for this info. Can you confirm that I got it right. There will be 2 charges:

    The $2 for withdrawing from oDesk to Payoneer
    Withdarwal fee from ATM.
    The $2.50 for immediate load (optional)

    Also, san po nakabase ung rate conversion? Dun ba sa bank owning the ATM?

    • Hi JB,
      The very first card took a month to be delivered to me, but the succeeding replacements came a lot sooner. Allow about 25 days for your card to arrive. Payoneer will send you a notification as to when, more or less, the card will reach your home address.

        • Hi Bryan,
          The very first card took a month to be delivered to me, but the succeeding replacements came a lot sooner. Allow about 25 days for your card to arrive by mail. Payoneer will send you a notification as to when, more or less, the card will reach your home address.

  11. Thanks for this very informative article. BTW, I had Payoneer set up as one of my method on oDesk a couple of months ago. I just received the card today and had it activated already. When I withdraw funds from oDesk next week, can I immediately choose Payoneer without waiting for another 3 business days to activate this payment setup? I remember when I changed bank accounts (Citibank to BPI), I had to wait for 3 business days before I can withdraw funds from oDesk to my BPI account. Is the option to choose for immediate load automatically available? Will wait for your answers. Thanks a lot! 🙂

  12. Hi to all,

    It’s amazing to read a blog post about Payoneer way back 2009 (brings back memories actually) and thanks Verena for posting this and diligently answering all questions posted by the visitors!

    I’m Allan Donato, Payoneer’s Brand Ambassador in the Philippines, and I’m excited to let you all know that Payoneer is planning several events and activities in Manila, Cebu, and Baguio this year to increase awareness about our services and for us to get to know more about the needs of the Filipino freelancers and entrepreneurs. Our next event is the 1st Payoneer Forum on April 11 and you can pre-register and learn more about this through our official Payoneer Philippines FaceBook page, just search FB for Payoneer Philippines.

    From all of us, thanks for your interest in Payoneer and hope to see you in one of our events!

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