Welcome to our discussion on the challenges and experiences with using Payoneer for payment processing. Here's a summary of what our community members have shared:
- Some US-based models face issues with Payoneer offering a Mastercard based in Belize instead of the US, leading to unnecessary conversion fees for USD transactions.
- Options for withdrawing funds without using the Payoneer card are limited, with no solution for avoiding conversion fees through direct bank transfers or ACH.
- Models have expressed frustration over fluctuating conversion rates, monthly maintenance fees, and transaction charges.
- Alternatives like checks and direct deposits are preferred by some, though each method comes with its own set of challenges.
- In Canada, Payoneer is seen as a cost-effective option compared to checks and direct deposits due to lower fees.
- Payoneer's Global Bank Transfer service, which transfers funds directly to a bank account, is highlighted as a convenient and cost-effective method for some models.
- Concerns about Payoneer's customer support and technical issues, including downed support channels and problems with card replacements, have been raised.
- A representative from Payoneer has reached out, offering assistance and inviting further discussion to resolve members' issues.
Note: Experiences with Payoneer vary greatly among our community. Some have found workarounds or alternative methods that suit their needs, while others are seeking solutions to ongoing challenges.