Payoneer. Withdrawal to a local bank

Maximum account balance — 10 000$. All money above this limit is on the virtual balance and is transferred to the card as necessary.
Restriction on payments (withdrawal of cash through an ATM) — 2500USD per day - according to the official Payoneer forum. (In the "terms and conditions" section on the Payoneer offline website - the amount is indicated in 5000USD).
No more than 10 withdrawals Money at ATMs per day;
Payment through POS-terminals (for example, payment for purchases in a store or online store) - no more than 9 per day,
The number of replenishment of the account per day, no more 3 times.

Any transaction made on a non-working day will be considered completed on the next business day.

Commissions for withdrawing cash from a Payoneer card at ATMs and operating cash desks of Russian banks. Where is it cheaper to withdraw money from a Payoneer card (settlement).

Information is constantly changing as banks change fees and withdrawal limits.

Commission for withdrawing cash from an ATM (as well as when receiving cash at the bank's cash desk). This is a fixed amount, but its size depends on the partner through which you connected. For example: $3.15
a fixed fee for cashing out money (if you withdraw in local currency, for example, in rubles, the commission is up to 3.5%, if you withdraw in USD - 1.8%), (Information from the official Payoneer forum.)
% of the bank's cash for the operation (to withdraw money from the card of another bank).

As a rule, the larger the amount to cash out in one operation, the cheaper it is.

Restrictions on withdrawing money from ATMs (in USD), information may change.

Unicredit, Citibank - 400USD
- Rosbank, Raiffeisen Bank, CreditEurope, Russian Standard Bank - 300USD
- Alfa Bank - 200USD

If the ATM prompts you to select the type of bank account - "Current" (Current) or "Settlement" (Checking) account are suitable.

Operating cash desks various banks set an additional percentage for withdrawing cash from a card of a third-party bank:

Avangard, Mosoblbank, Rosselkhozbank - 2%;

Rosbank, Raiffeisen - 3%

Bank of Moscow - 5% (up to 60000), 2% (over 60000)

We will calculate where it is more profitable to withdraw money in dollars from an ATM or cash desk.

Let's take into account Payoneer's limitation on withdrawals in 2500USD per day.

Let's calculate using the example of the Avangard bank cash desk (2% commission) and Rosbank ATM (operation limit 300 USD).

Operating cash desk with a commission of 2%

Withdrawal amount 2500 USD + 2% (bank fee) + 3.15 USD + 1.8% = 2500 USD + 50 USD + 3.15 USD + 45 USD = 2593.15

Those. on withdrawing money through the bank's cash desk with a commission of 2% we will lose $93.15

ATM

Because limit of 300USD per operation, we will withdraw 8 times for 300USD and 1 time for 100USD:

8 times 300:

8*(300+3,15+1,8%) = 8*(300+3,15+5,4) = 8*308,55= 2468,4

1 time for 100:

100+3,15+1,8%=100+3,15+1,8=104,95

Total: 2573.35.

Those. on withdrawing money through an ATM, with a limit of 300USD(even taking into account such an irrational operation as withdrawing $100), we will lose $73.35, which is almost 20USD less than at the bank's cash desk with interest rate 2%.

Even if you shoot at an ATM with a $200 limit(12 times 200USD and once 100USD) - the amount of commissions will be $85.95(which is still cheaper than withdrawing through a bank teller, with a commission of 2%).

How to start using Payoneer - register an account:

It is necessary to register on the Pioneer website (for example, through an invitation link with $25 to your account as a gift), about the registration process.
After that, you can immediately start receiving payments from foreign companies and withdraw money to your bank account.
If you need a Payoneer card, it can be ordered from your account and will be mailed to you free of charge. When registering through an invitation link, card activation is free. When ordering through partners, card activation may be paid (for example, if the card is ordered through iStock or Dreamstime - $10, through DepositPhotos, Lori, 123RF - $12.95).
The card has no other activations and verifications. But there is an annual fee

Many microstocks and photobanks (including Shutterstock) allow you to withdraw funds to your account payment system Pioneer

Detailed instructions on how to order a Pioneer card and receive a bonus -

Alexey Naumov

Updated: 2019.08.16

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Payoneer is a payment service that is one of the recognized leaders in the field of electronic transactions and a pioneer in opening up the possibility for users to directly withdraw funds to their own debit accounts. Mastercards. Although the company is registered in the United States, its services are used by residents of more than 200 countries around the world. Russia and neighboring countries are no exception.

The Payoneer payment system has a number of undeniable advantages over similar projects. Economical tariffs, wide opportunities in terms of payment for goods, security of payments, etc. Let's look at all the advantages in more detail.

Popularity. Having an account in this EPS opens the doors of any online store for you, be it Aliexpress, Ebay, Amazon. The system is used to deposit / withdraw funds by popular foreign freelance exchanges, large services, dealing centers. It is possible to replenish Skrill, PayPal, other payment systems. And if you get a plastic card, you can withdraw money at any ATM.
Confidentiality. There will be no problems with local tax authorities due to the use of this payment system. The funds credited to the Payoneer account are outside their jurisdiction, and the account holder himself is registered in the United States, therefore he is not obliged to provide anything to the tax authorities.
Safety. The service is equipped with the most modern technologies protection, the confidentiality of client data is guaranteed by an extremely transparent user agreement that prohibits the transfer of personal information of clients to third parties.
Russian-speaking support service. This is exactly what many foreign payment systems lack. Consultants can be contacted in a variety of ways, including through phone call. There is also a feedback form with operators who call back to the number specified by the client absolutely free of charge.

A fly in the ointment was the impossibility of making payments on some sites due to a billing address mismatch. For example, one of the American online stores will only process the payment if the billing address is also from the United States. But such cases are rare, so you should not worry about it.

Features of working with Payoneer

Below we will talk about important points that every newcomer to the system should get an idea if he wants to save his time, money and avoid various problems when working with the service.

Account registration and verification

The registration process on Payoneer.com is simple and intuitive. The user must enter personal and contact data in the provided fields by typing them in Latin characters. The first screen requires you to enter your first and last name, a valid email address, and your date of birth. On the second - the address of residence and phone number. The data must be reliable.

To start fully using all the services of the system, you will have to confirm your identity (verification) by sending a scanned copy of your passport or other document from the list presented on the website. The verification process by administrators may take several days, after which a letter will be sent to the specified mailing address stating that a plastic card Payoneer Mastercard. Delivery usually takes about 2 weeks.

The card must be activated in the user profile by going to the "Account settings" section. The user will need to retype the card number in a special field, as well as come up with a PIN code.

Connecting the US Payment Service

The most important advantage of the Payoneer payment system is the ability to get an American bank account in addition to the card. Any payment transferred to Mastercard will automatically appear on the balance. This will significantly speed up the process of accepting / making payments, open additional ways payment.

An email will be sent to your email address with information about your bank (where the payment system account is serviced), account type and account number. It contains a link to a questionnaire that will allow you to verify the US Payment Service.

Among the requested data there is information about the sources of your income, website address, etc. Successful connection of the service will be reported in another letter.

System commissions

At first glance at Payoneer tariffs, only solid pluses are noticeable - the absence of penalties, commissions for payments between system participants, in stores, and a number of other operations for which most payment systems charge interest. I am also pleased with the presence of a $25 bonus issued to everyone who replenishes their account with $100 or more. But the service still has commissions and not small ones:

Tariffs indicate that using the Payoneer system to transfer to a card and cash out small payments of several tens of USD will be unprofitable. If you plan to make a one-time purchase in a foreign store, it also does not make sense - the annual commission will be deducted from the first replenishment.

Negative moments turn into advantages with an increase in the amount cash flow. For freelancers and webmasters who use Payoneer to withdraw several hundred or even thousands of dollars every month, fixed commissions will be much more profitable than percentages.

Deposit and withdrawal of funds

Payoneer does not support traditional deposit methods such as terminal cash or bank transfer. Funds can be received from service partners (Pioneer cooperates with a lot of sites, freelance exchanges, payment systems and other sites that allow you to make transfers to their card). You can also bill anyone, such as your freelance client, fill in the payment details, and send it. The invoice is paid either from a bank card or from another Payoneer account.

Officially, money is withdrawn in two main ways - to the bank account that the user has linked to the account, and Payoneer Prepaid Mastercard ( debit card). But nothing prevents you from making an indirect withdrawal through private exchangers by exchanging funds for their equivalent in another electronic currency. Unfortunately, there is no automatic exchange.

Payoneer in CIS countries

Since the Payoneer system is American and was originally focused on western market, many users have questions about the nuances of its work in Russian-speaking countries. Practice has shown that there is practically nothing to worry about.

Payoneer in Ukraine and Belarus

The current legislation of Ukraine prohibits citizens from having undeclared accounts in foreign banks.

Fortunately, despite the similarity with banking structures, Payoneer positions itself as a payment service. The user only gets access to the account, but is not actually its owner.

On the other hand, if you withdraw money through ATMs, especially in large amounts, there is a risk of getting into the field of view tax authorities. There are two options - either registration with the payment of taxes in accordance with the law, or traveling abroad in order to cash out funds at foreign ATMs.

Payoneer in Kazakhstan and Russia

In these countries, the service works without any problems. Funds are cashed out through ATMs of almost any bank, being converted from dollars into the national currency at quotes close to those of the Central Bank. An additional conversion fee is charged. With a Payoneer card, as with classic bank cards, you can pay for goods and services in stores - there are no inconsistencies with the passage of payments.

Payoneer user opinions about the system

No better way make sure the reliability and quality of any site on the Internet, as well as get an idea of its problems and shortcomings than reviews of current and former users. And payment systems are no exception.

“The official Payoneer website provides too little information for those who just want to register in the system. You can only find out about some points after you open an account. Their internal forum, although it has a Russian-language section, did not help much in solving my problems. The rest of the service is as expected.”
Ksenia, 24 years old, freelancer.

“I recommend Payoneer for use. Better means for withdrawing money from foreign affiliate programs and paying for goods and services cannot be found. The system captivates with the simplicity of obtaining a card - for example, Neteller costs more than $10 to issue a card, but here it is sent absolutely free of charge.
You can withdraw money from several sources at once. You only need to tell the payer your full name and email address. The card is also suitable for Russian sites - I have repeatedly replenished the Megafon account. Sometimes, however, some sites refuse to process payments.”
Borislav, 20 years old, Youtube blogger.

“Money was stolen. There was about $ 500 on the account, the card was not highlighted anywhere, other payment data too. The application with a complaint was considered for almost a week, after which I had to call technical support via Skype. For about three months, the problem was solved, after which they sent an email stating that the system does not bear any responsibility for the safety of the user's funds, while for some reason returning half the amount to the account. I would not recommend taking risks and storing large amounts in Payoneer - it is better to either use other systems or withdraw immediately.”
Maxim, 32 years old, webmaster.

If we analyze the reviews on the Internet, we can conclude that the vast majority of users (75-80%) rated this EPS positively. The main part of the claims of those who speak negatively about the service is justified by high commissions for maintenance and withdrawal, as well as the slow work of technical support.

Who is the Payoneer payment system for?

Looking back at all of the above, we can identify the main audience of the system - these are people associated with e-commerce. The service provides favorable conditions for people who regularly take Money transfers, withdraw large amounts to a bank account or cash out at ATMs. Freelancers, investors, webmasters, service providers and people related to the listed activities should take a closer look at this payment.

For one-time payments and purchases on foreign sites, there are much more worthy alternatives in the face of Neteller and PayPal. They are no less popular, provide many more ways to deposit money into the account and are beneficial for small transfers. And if your area of interest does not go beyond the CIS, there is no point in registering with Pioneer at all.

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, the Pioneer plastic card is not associated with an account in a 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 a 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 Russian language support not only in terms of the interface, but also in terms of 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. This opportunity will help someone get a profitable remote job 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, which means there should not be any extra problems with tax 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 it is the largest company in the world (American), which cooperates with leading platforms (both providing work, for example, freelance exchanges, and merchants, for example, Amazon) offering its services for making fast payments.

For different countries this system provides different possibilities. For example, for the Germans there is only the possibility of receiving money into an account in local bank, 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 suffer a little more with coming up with the second and third security 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 other day). And even after that, they won't get off of you alive. You will not believe!

You won't be able to log into your newly verified account without first selecting two more security questions and not answering 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 ones), and you will also receive a preferential percentage 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 ATMs of bourgeois banks localized with us issue currency).

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 a total commission of ~$48 (if you withdraw the entire amount 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 the entire daily limit on the card ($ 2500) at one time, saving on the fee for repeated transactions. 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

Cash withdrawal

You can get cash using an ATM or through a bank cash desk. The issuance fee has several components:

$3.15 (Payoneer fee)
+ 1.8% from withdrawal amount (MasterCard commission)
+ possible commission of the selected bank (warned about it in advance)

Total, upon removal of conditional $1000 , the commission will be: $3.15 + $18 = $21.15

The commission of the bank whose cash desk or ATM you use can be either zero or fixed, or it can be any percentage of the amount. But usually, if such a commission is present, then its size is small - within $ 2-3.

ATMs

In the event that you intend to use an ATM to receive cash from a Payoneer card, you must decide in advance whether you need rubles (or National currency the country where you are) or you want to receive the currency in which the card is issued.

IN Russian Federation, unlike other countries - for example, neighboring Ukraine, you can get the currency directly from an ATM. However, there is a problem to find an ATM that will issue it. These are found in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and other large cities.

Therefore, before withdrawing cash, it will not be superfluous to ask which banks are represented nearby. By contacting the customer support service, you can get information about the availability of ATMs in your city that issue currency.

Payoneer has a $3.15 fee for a successful withdrawal and $1 for a failed withdrawal, so you must be aware of what you are doing when you withdraw. If there are not enough funds on the card, or the limit is exceeded, or the ATM cannot technically dispense the required amount, $1 will be debited each time the card is refused.

Remember that an ATM cannot dispense more than 40 bills of any denomination in one operation. Therefore, if you plan to withdraw a large amount, choose ATMs in large shopping and office centers, bank branches - they are usually “charged” with large denomination banknotes, unlike their “street” counterparts, where banknote denominations are usually limited for security reasons.

For ATMs (especially currency ones), banks, for the same security purposes, usually set limits, the size of which is fundamentally different from those that operate in bank branches.

The ATMs of Unicredit (up to $300 per transaction, no commission), Raiffeisen Bank (up to $300 without commission), Citibank (up to $400 per transaction, commission 1%), BinBank (the largest limit) issue currency and are popular among Russian Payoneer users.

When issuing with conversion, good reviews about ATMs VTB24, Sberbank of Russia, Rosselkhozbank, Post Bank.

The most up-to-date information regarding Russian banks, their branches and ATMs is collected on the forum of the official website. Users here share information about withdrawals, fees and limits.

Bank cash desks

The main advantage of withdrawing cash at a bank branch is the ability to receive a large amount of cash in one operation. At the cash desk, the teller will immediately provide you with information about the bank commission that is applied.

But many bank branches, especially on the periphery, being reinsured, refuse to work with foreign cards. The situation may differ from branch to branch and even from cashier to cashier. In the center, in big cities, as a rule, there are fewer problems.

Traditionally, branches of Binbank enjoy a good reputation.

Do not forget that at the bank branch the teller will ask you to show your passport.

Top up your Payoneer card

The peculiarity of the service is that independent replenishment of the card at the bank branch or through the terminal is not provided, but online replenishment is quite possible. You can top up your card in the following ways:

Receive funds from companies, including Payoneer partners, and individuals through the Global Payment Service. Bank transfer ACH (Direct Deposit) in the USA, SEPA bank payments – European Union, as well as payment from the UK, Japan, China.
Top up your Payoneer card with another payment card through the PayNow service from Payoneer.
Payoneer transfer from one account to another, minimum $50, no commission. In your account, select "Pay", then "Make Payment" and enter the recipient's email address, which is an identifier in Payoneer.

How to order a card

To order a Payoneer card, you need to go through a free registration procedure as a customer of the service. If you do this through our link, you will receive an incentive bonus from Payoneer, as well as our free help in resolving emerging issues.

After your account is approved, you can order a physical Payoneer card in USD. A card in euros is ordered only after receiving and activating a dollar one. Ordering cards is free. The fee is taken only for reissuing the card in case of loss or expiration.

Card delivery

Sending a Payoneer card to Russia is made in a paper envelope, by regular mail. Delivery takes 2-3 weeks. The account indicates the estimated delivery time. If the card was not received during this period, you will receive a resend link in your account, which is also free.

You can get a card in Russia without any additional formalities: passport, signature are not needed. The envelope is dropped into the mailbox.

How to activate the card

Immediately after receiving the card, you can start using it, but before that you need to activate it. You log into your personal account, press the "activate card" button, enter the number of the received card, come up with a four-digit pin code, check the boxes, confirming your agreement with the terms and conditions.

Do not forget about activation: without going through this simple procedure, you will not be able to use the card! An email will be sent to confirm activation.

Internet banking

You can control all transactions on the card either through your account or using the free mobile application Payoneer, which is available on Google Play and the App Store.

When paying, the amount is first blocked on the card and appears in the “Pre-authorized transactions”, and then, after a few days, it is debited and goes to the “Transactions” section. Depending on fluctuations in the exchange rate, the amounts for blocking and debiting may differ.

Lost or stolen card claim

If your card is compromised, lost or stolen, you must report it immediately. The fastest and easiest way to do this is to call the Russian Payoneer support number: +7-499-918-72-02 or use the online chat, a link to which can be found on the support contact page.

And after receiving the first payments, you can withdraw funds from your personal account to an account opened in any Russian bank. This is very convenient because it gives you the freedom to plan large purchases and manage large amounts of cash. If a payment card is linked to a bank account, the received funds become available immediately.

Regardless of what currency is on the balance of your Payoneer account: US dollars, British pounds, euros, Japanese yen or yuan - you can make a withdrawal to a local bank account. The payment will be converted into rubles at the average market rate at the time of withdrawal. In order to get your bearings, you can use the converter on XE.com.

The scheme is quite simple: you make an application in your personal account for the withdrawal of funds, having previously entered and confirmed the data on the bank account. Usual withdrawal terms: 2-3 working (banking) days.

Conditions for withdrawing to a bank account

Withdrawal is possible only to a bank account owned Payoneer account, sending to third parties is prohibited.

The commission fee is 2% of the amount translation.

Withdrawal currency - only Russian rubles.

Minimum amount to send $50, maximum 10 thousand dollars.

Transfer credit term: up to 3 business days.

pros

You get cash almost without any restrictions, at a fixed commission of 2% of the amount. When withdrawing cash from a Payoneer card at ATMs and bank cash desks, there are always quite strict restrictions with a higher commission.

Payment card Payoneer MasterCard need not.

No additional or hidden fees, only a fixed 2% of the amount.

No problems with ATMs, which very often accompany the withdrawal of cash (lack of the required amount, exceeding limits, paid balance viewing, payment for each operation, etc.).

When paying with a Payoneer card, the daily spending limit is limited to the equivalent of $2,500, withdrawing funds, and you you can plan and make larger purchases.

Minuses

The bank can inquire about the origin of incoming funds, especially if the amount is large, and the account is opened on individual. In banks, where the rules are particularly strict, they may require copies of the contract or other documents on the basis of which the funds are transferred. Therefore, if you plan to regularly withdraw significant amounts, then it is preferable to open a current account for an individual entrepreneur (individual entrepreneur).

Withdrawal is possible only in Russian rubles , the conversion rate is defined as "average market". However, it is usually a few percent lower than the commercial rate offered by banks.

Once the funds reach the local bank account, they somehow come under the scrutiny of the fiscal authorities. While the money is on the Payoneer balance and the card, information about them is not available.

Entering Russian bank account details into your Payoneer account

If you do not currently have a bank account, then you will have to open it by visiting a bank branch with a passport and an individual tax number on hand. Select and arrange the proposed service or package. Do not rush with registration, if you have payment cards (salary, social, for payments), then they correspond to bank accounts and you should find out from the bank support service whether it is possible to use them to receive funds from other sources. Most likely, the answer will be positive. Then it remains to get information about account details and limits from the same service.

With the details in hand, in your personal Payoneer account, go to "Settings" - "bank accounts", where information about the bank account (maximum two) that is linked to your account is stored.

If you already entered your account details when registering with Payoneer (this was not required before 2017), then you will see the entered data. If not, then click "Add bank account".

Now, select your country where the bank account is actually opened. If it is open to an individual, then mark “personal”, if the owner is individual entrepreneur or entity put a mark on "corporate".

Follow the prompts and fill in the details carefully. Please note that some fields are filled in Latin, while others are filled in Cyrillic. If any data is missing, then you can easily find it online. In particular, the address and postal code of the bank branch (where you opened an account) or BIC.

Check all the numbers again, especially the account number, remember that a mistake can lead to the fact that the funds will not be credited. Check "I verify bank account details" and click "Next".

After this, you will receive a notification that the details have been accepted for verification and consideration.

The verification takes several hours, as soon as it is completed you will receive an email notification and you can immediately use the account to withdraw funds.

How to withdraw funds to a Russian bank account

Once the account is added and approved, submitting a withdrawal request will only take a couple of minutes. It is enough to log in to your account and select "To a bank account" in the "Withdrawal" tab.

Choose from which balance you want to withdraw funds - you can choose any, choose the desired bank account. At the stage of confirming the operation, you will immediately be informed about the exchange rate.

Check the box "confirm" and click "withdraw". Usually, funds arrive in the bank account the next day after the withdrawal request. Delays are rare.