Workers: Payoneer has rolled out a new payment service that pays via international banks transfers to 230 different countries! It's fast and convenient and unlike their debit card service, has no recurring monthly maintenance fee or withdrawal fee. How much does it cost?
The base price is $14.95 (including both the Payoneer and vWorker fees) for most countries and $9.95 for a few selected countries (with cheaper processing costs). Currency conversion from U.S. dollars to certain local currencies is available for an extra fee (which is lower than most bank rates). Transfers that stay in U.S. dollars incur a small SWIFT transfer fee of 1% (up to a maximum of $10). Payoneer requires a minimum payment of $50 to use this method.
Is it available in my country (and what options do I have)?
To find out if it's available in your country, you will ultimately go to Payoneer.com. However, since this program is new, they have not yet updated their site with the information. So we have created a list of the countries and fees as of September 1st, 2011:
- Click here for the excel version.
- If you do not have excel, you can view this same list in Goole viewer format (which is a little more difficult to read). Click here for the google viewer version.
It's available for me! How do I set it up?
Note: you cannot complete the vWorker portion of this setup until the current payment period has ended (after September 7th at 11:59:59pm EST). This is because the current payment period has already started and billing changes are frozen. However, you can get the Payoneer.com portion rolling (which can take a while to setup if you are from a country requiring extended validation). Then you can come back to vWorker.com and complete that portion after the 7th.
- If you have an existing Payoneer card:
Go to the Payoneer.com site and login with your vWorker registered Payoneer account. Look for the Worldwide Bank Transfer Service that is located under the prepaid card sign up. Select your country and you will be directed to the Local Bank transfers service sign up (that is the name of this new feature). Follow the instructions they give you.
Then after September 7th, go the vworker.com site and select Payoneer for your payment option (Go to 'my account', 'my registration settings' and 'my pay options' and then choose 'Payoneer'). - If you do not have an existing Payoneer card:
You must wait until after this week's rollout of new code (currently scheduled for September 1st 11:59 p.m. EST). You'll be able to signup on Payoneer.com like this: - Go to 'my account', 'my registration settings' and 'my pay options' and then choose 'Payoneer'.
- Click on 'details' to learn more.
- Follow the site prompts. It will send you to Payoneer.com. Look for the Worldwide Bank Transfer Service that is located under the prepaid card sign up. Select your country and you will be directed to the Local Bank transfers service sign up (that is the name of this new feature). Follow the instructions they give you.
Yes it is (via Swift in U.S. dollars). And we have not forgotten our Pakistani workers and are working on yet another payment method for them as well. We will have more details when it is available.
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