Last two month I’ve made an experiment with Paypal and Payoneer.
If you are widthrawing money less than $1000 You can use both. Bcoz there is not much difference between the money and time.
But if you are withdrawing more money like $2000+ you can go for payoneer because the conversion rate is little higher than paypal and also $3 as commision.
I haven’t used PayPal for withdrawing Envato payments. But, I do get paid for custom services via PayPal and purpose code I gave is “Software consulting”. It was suggested by PayPal support staff when I contacted them for the same.
My Bank has no SWIFT / BIC code, but has IFSC Code. Can I use Global Bank Transfer (Payoneer) service for India ?
As mentioned above, you can receive payments to most banks in India using the Payoneer option. We offer local bank transfers to India, which means we’re sending you funds from a local bank in India, in INR. This allows you to avoid any international landing fees, and also receive funds within 1-3 business days.
templatin said
Yes, you can. I’m using it from last one year and its the best withdrawal method for Indian authors.
Could you please help.
I can’t find India as an option in Country while signing up for the new account.
Thanks
Due to RBI regulations, the Payoneer card is not currently available to Indian residents (they prohibit all non-Indian companies from issuing cards to Indian residents).
You’ll need to choose the bank transfer option, and then you will see India available as a country. It costs only $3.00 per transfer, and we convert funds to INR and transfer them to you from a local bank in India.
Hi Nissim, we had initiated to setup Payoneer previously but we guess there are some errors in our current Paynoeer setup within Envato profile. We are interested in withdrawing payments via Payoneer (we are from India). Will you be able to assist us?
Please contact us privately via themeforest (or) simply email to: info@designova.net
We will provide further details.
I am currently using PayPal. For some reason, the rate with PayPal works out better than a SWIFT transfer. PayPal has a markup of 4%, I think. I am interested in exploring Payoneer.
Where can I see a clear list of charges? I don’t wish to use the Payoneer card. I just want the money from my Payoneer account to my local Indian bank account, like I do with PayPal. I hope that’s possible?
I am currently using PayPal. For some reason, the rate with PayPal works out better than a SWIFT transfer. PayPal has a markup of 4%, I think. I am interested in exploring Payoneer.
Where can I see a clear list of charges? I don’t wish to use the Payoneer card. I just want the money from my Payoneer account to my local Indian bank account, like I do with PayPal. I hope that’s possible?
I am currently using PayPal. For some reason, the rate with PayPal works out better than a SWIFT transfer. PayPal has a markup of 4%, I think. I am interested in exploring Payoneer.
Where can I see a clear list of charges? I don’t wish to use the Payoneer card. I just want the money from my Payoneer account to my local Indian bank account, like I do with PayPal. I hope that’s possible?
Switched from paypal to Payoneer two months before.
The maximum time for Transfer is 3 days. But last time I only got the amount in my bank on 9th day.
I don’t know what happened. So, this month, do you have any idea when it will get credited, if initiated on 15th ?
Transfers are sent as soon as the payment request is received from Envato. The estimated time is 1-3 business days, so weekends or bank holidays would not be counted. It’s possible that your previous transfer was during a weekend/holiday, or perhaps delayed with your local bank - unfortunately I cannot tell without access to the payment details.
abhimanyusharma003 said
Guys what is this, where is option for India for registration ( payoneer ) ??
Application directly via our website, for a Payoneer card, is not available for Indian residents. You would need to log into your Envato account and sign up from there (so that you can choose the bank transfer option).
nCrafts said
Nissim,
Thanks for the reply. I created an account, and linked my bank account. How is my bank account verified?
With PayPal, they send a nominal deposit to my bank account, and I can verify my account by confirming the amount they had deposited.
Does Payoneer have such a verification method? I tried contacting your live support, but the it was of little help.
We do not require a bank verification via test payment. When you add your bank details they are sent to our Account Approval Department, who checks the information and approves it.
i use paypal to withdraw earnings, the exchange rate is not so good, but i still using paypal because money always get credited to my bank in 4-6 days.