Payoneer is awesome, their live support gets shit done on the spot (including verifying documents).
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You would also need to look at the transaction fees and exchange rates to get a complete picture. In both cases people throw a lot of money out of the window compared to a regular, free checking account with an ATM card.
One sponsor led me to sign up for a Payoneer account.
The activation fee was waived. I pay $2 load funds fee, and only use it for POS purchases.
I'm charged either a $1 or $3 monthly fee depending on # of transactions for previous month. <== Don't like this, but so far I'm okay with it.
That looks great Nikki! There is a slight error in the information shown though, and the real numbers look even better!
In case you weren't aware, in January 2015, Paxum completely removed the POS fee for all clients.
All Paxum POS transactions are free!
The actual math (based on 52 card loads (1 per week) and 10 ATM withdrawals/5 POS transactions per month, for 12 months) is as follows:
Payoneer
Activation fee = $24.95
Monthly account fee = 12 x $1.00 = $12
Weekly transfer to card for a year = 52 x $2 = $104
Year of 10 ATM withdrawals per month = 120 x $3.15 = $378
Year of 5 POS transactions per month = 60 x FREE = $0
Total = $518.95 USD
-----
Paxum
Annual Maintenance = $44.95
Weekly transfer to card for a year = 52 x $0.25 = $13
Year of 10 ATM withdrawals per month = 120 x $2 = $240
Year of 5 POS transactions per month = 60 x FREE = $0
Total = $297.95 USD
----
Difference = $221 USD
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Ruth, the difference may be $221, but that's a small price to pay for good, responsive support. When the two companies are compared, in terms of support (and documentation/verification), it's not even close. Sorry.
I use both, actually Payoneer has deleted this 2USD fees you had to pay to receive the money.
Also, I had to operate a chargeback with Paxum recently and their bank partner is charging me 40USD ! I hate that.
Meanwhile, being able to deal with Ruth, Chris, Vlad and Octav in case of issue, this is priceless.
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Ruth, the difference may be $221, but that's a small price to pay for good, responsive support. When the two companies are compared, in terms of support (and documentation/verification), it's not even close. Sorry.
I get paid by FFN to payoneer and do not pay anything for the load!
Ruth please explain what happens if I book a hotel using Paxum and than cancel later for a refund. What happens to that refund? Payoneer simply credits it back to my account. What happens with Paxum?
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I get paid by FFN to payoneer and do not pay anything for the load!
Ruth please explain what happens if I book a hotel using Paxum and than cancel later for a refund. What happens to that refund? Payoneer simply credits it back to my account. What happens with Paxum?
When you make a hotel reservation and provide a deposit with your Paxum card, but then you choose to cancel your hotel reservation; once the pending request has been cancelled by the merchant (hotel), the pending funds are returned to your Paxum account and become available again.
Send & Receive Mass Global Payments - Mass P2P/Wire/EFT/SEPA - Adult Industry Friendly - Award Winning Payment Service - Fast, Reliable & Secure! Paxum ...... Paxum Bank
Email: [email protected] ~ Telegram: PaxumRuth
When you make a hotel reservation and provide a deposit with your Paxum card, but then you choose to cancel your hotel reservation; once the pending request has been cancelled by the merchant (hotel), the pending funds are returned to your Paxum account and become available again.
That would be an example of a transaction that never batched as it was pending always. Any difference when the hotel deducted funds then refunded funds as a refund?
When you make a hotel reservation and provide a deposit with your Paxum card, but then you choose to cancel your hotel reservation; once the pending request has been cancelled by the merchant (hotel), the pending funds are returned to your Paxum account and become available again.
When I make a booking with hotels.com the charge is not pending, it charges right away. I can than cancel anytime 24hrs before check in. What happens with the refund than? Payoneer simply returns to account (minus the 1% fee I think).
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That would be an example of a transaction that never batched as it was pending always. Any difference when the hotel deducted funds then refunded funds as a refund?
According to some users, your card is blocked and you go through hell to get it unblocked. Also, what happens with the money is another question. There are a lot of instances when someone needs to refund to the original card of purchase even months after the payment is made.
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When I make a booking with hotels.com the charge is not pending, it charges right away. I can than cancel anytime 24hrs before check in. What happens with the refund than? Payoneer simply returns to account (minus the 1% fee I think).
This is the 3rd time I asked Ruth this question on this board and still did not receive any reply.
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When I make a booking with hotels.com the charge is not pending, it charges right away. I can than cancel anytime 24hrs before check in. What happens with the refund than? Payoneer simply returns to account (minus the 1% fee I think).
I am using Paxum and all I pay is 5$ per ACH withdrawal - like 30$ in total per year. There is no reason to use their ATM card unless you can't get a bank account with a debit card in your name. Just my 2 smart ass Cents :-)
Payoneer no problems EVER in YEARS that's what you are paying for you aren't paying for your card not to work every single time you try to take it to the atm, card errors on the site etc payoneer never has these issues
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