How to get paid through Global Bank Transfer (Payoneer)


#1

I post this question in the forum again because I posted before just to VH forum, but maybe authors from other marketplaces can help me with this:

Anyone knows how to setup a withdrawal with the Global Bank Transfer of payoneer?

I’m asking this because I set up my account in order to use the service (bank transfer) but apparently when I request a withdrawal, Envato will send my earning to the payoneer account, and I don’t want that.

What I want is that my earnings arrives to my country’s bank account through payoneer and don’t to the payoneer account.

Anyone has experience using the Global Bank Tranfer to do this?

Thanks!


#2

Hi, do not start double threads, since we have new withdrawal page, i’m not sure how it works but i will try to help you. Go to your dashboard > withdrawal > payoneer and check is there option to signup. Also you will need copy of passport or national identity card for verification.

If you have any problems try to contact Envato Support

or Payoneer’s community manager
Nissim

P.S.
Global Bank Tranfer works only under Payoneer if you don’t want to use it you can use classic Wire - Swift transfer, but you will be limited with minimum $500 on your account before you can withdraw money.


#3

weCREATEthings hope you got the answer from very experienced guy regarding this :slight_smile:


#4

You need to link your bank account with Payoner. You do that on Payoneer not on Envato side. There must be a link on your Payoneer profile where you can do that or contact their support if you don’t find it. Then all you have to do here is order a withdrawal to Payoneer and all funds will go to your bank account with only 15$ commissions taken by Payoneer.


#5

Thanks miseld for the great information, as always!

To the OP - if you already applied for a Payoneer card you can contact us and request to switch your payment method to direct bank transfer. If you did sign up for our Global Bank Transfer Service, your payments from Envato will be sent to Payoneer and we will automatically transfer them to your bank account.

Feel free to ask any additional questions.

Nissim | Head of Community at Payoneer | www.payoneer.com


#6
Nissim_Payoneer said

if you already applied for a Payoneer card you can contact us and request to switch your payment method to direct bank transfer. If you did sign up for our Global Bank Transfer Service, your payments from Envato will be sent to Payoneer and we will automatically transfer them to your bank account.

Yes, that is exactly my problem. I was wrong thinking that it should be set up here on VH. But, still I have doubts about costs and pricing of the service. In the Payoneer page says this:

“There are no monthly/annual fees or obligations for the Global Bank Transfer service. There is a fixed fee per payment, which may vary depending on your country and program. Detailed pricing will be provided during the one-time registration process.”

But I already did the registration process and I didn’t see anything about that thread. But I’m going to asking about through Payoneer’s contact page.

Thank you all for your replys :slight_smile:


#7

I was recently wondering about this option as well. And since this thread is already created, I thought I should ask:

If I understood right, single member can not opt in to use both Direct Bank Transfer and Payoneer Card? I would have to choose between the two? Is there a manual option to withdraw money from Payoneer account to my bank account sometimes (not every month), with using the Payoneer card in the meantime?

Sorry if this is a noob question, but I’m quite confused with these stuff :confused:


#8
urbazon said

I was recently wondering about this option as well. And since this thread is already created, I thought I should ask:

If I understood right, single member can not opt in to use both Direct Bank Transfer and Payoneer Card? I would have to choose between the two? Is there a manual option to withdraw money from Payoneer account to my bank account sometimes (not every month), with using the Payoneer card in the meantime?

Sorry if this is a noob question, but I’m quite confused with these stuff :confused:

As i know money is always on your Payoneer account, it’s up to you if you withdraw it via ATM (using your Payoneer card) or Bank account (option available in Payoneer account).


#9

When you sign up to get paid via Payoneer, you are asked to choose your payment method: either the Payoneer card, or direct bank transfers. In general you would have to choose one option or the other.

We recently have been working on a new service that allows you to withdraw funds from your Payoneer account (with a prepaid card) to your local bank account. This service is not yet available to everyone, however it is already available to Envato payees. So anyone that applied for a Payoneer card via Envato will now see an option in their account to withdraw funds to their local bank account.

This is a new service and we’re really excited about it, so I’d be more than happy to hear your feedback about it.


#10
Nissim_Payoneer said

When you sign up to get paid via Payoneer, you are asked to choose your payment method: either the Payoneer card, or direct bank transfers. In general you would have to choose one option or the other.

We recently have been working on a new service that allows you to withdraw funds from your Payoneer account (with a prepaid card) to your local bank account. This service is not yet available to everyone, however it is already available to Envato payees. So anyone that applied for a Payoneer card via Envato will now see an option in their account to withdraw funds to their local bank account.

This is a new service and we’re really excited about it, so I’d be more than happy to hear your feedback about it.

Hi there Nissim!

I already applied for Payoneer Card. I didn’t activate it because the Local Bank Transfer is a better option for me and accountancy. Can i use this new service “Withdraw to your Local Bank Account” whitout activate the Payoneer Card?


#11

The “Withdrawal to Bank Account” Service is for Payoneer account holders getting paid to a Payoneer card. You can certainly use it to receive payments and then withdraw them all to your local bank account, however you would be required to have an active card.

You can also choose to receive your Envato payments directly to your bank account, so that it’s entirely automated.

If you already signed up for a Payoneer card and want to switch your payment method to Global Bank Transfers (payments directly to your bank account) you can contact us and we’ll be able to assist you in making the switch: http://www.payoneer.com/ContactUs.aspx

Just mention that you are getting paid from Envato and want to switch your payment method from the Payoneer card to Global Bank Transfers.


#12
Nissim_Payoneer said

The “Withdrawal to Bank Account” Service is for Payoneer account holders getting paid to a Payoneer card. You can certainly use it to receive payments and then withdraw them all to your local bank account, however you would be required to have an active card.

You can also choose to receive your Envato payments directly to your bank account, so that it’s entirely automated.

If you already signed up for a Payoneer card and want to switch your payment method to Global Bank Transfers (payments directly to your bank account) you can contact us and we’ll be able to assist you in making the switch: http://www.payoneer.com/ContactUs.aspx

Just mention that you are getting paid from Envato and want to switch your payment method from the Payoneer card to Global Bank Transfers.

Hi,

I have few questions regarding Payoneer. I try to find answer on your website but i couldn’t.

  1. when i transfer money from envato to Payoneer account is there any transaction fee?

  2. Are there any taxes? as i live in tax fee country.

  3. If keep money in payoneer account for more than a year will you deduct any money/tax?

as i am planning to use envato earnings as saving and keep it in payoneer account for long time are there any hidden fee?

Thanks


#13
DragonMotion said
  1. Are there any taxes? as i live in tax fee country.

What country is that?


#14
DragonMotion said

Hi,

I have few questions regarding Payoneer. I try to find answer on your website but i couldn’t.

  1. when i transfer money from envato to Payoneer account is there any transaction fee?

Yes, when you receive a payment from Envato to Payoneer, there is a charge of $2.00.

2. Are there any taxes? as i live in tax fee country.

Payoneer is a global payment solution, providing you with services to receive funds. We are not the company with which you are actually earning funds. In general, tax reporting and other relevant tax issues are managed by Envato.

3. If keep money in payoneer account for more than a year will you deduct any money/tax?

All account fees would be listed clearly, under the “Help” menu of your account. We do not have any hidden fees.

as i am planning to use envato earnings as saving and keep it in payoneer account for long time are there any hidden fee?

No, there would be no added cost for keeping funds for an extended period of time.


#15

Hi Nissim, sorry for the “offTopic” but, could you please let us know about the process for receiving a new payoneer card? (current one is about to expire)

Thank you very much.

@WeCreateThings: Please forgive me for any inconvenience.


#16
Bedros said

Hi Nissim, sorry for the “offTopic” but, could you please let us know about the process for receiving a new payoneer card? (current one is about to expire)

Thank you very much.

@WeCreateThings: Please forgive me for any inconvenience.

Hi,

A couple of months prior to the card’s expiration, you should see an option on your Payoneer account to order a new card.

If you do not see that option, you can also contact our customer support department and they will be able to order you a new card (free of charge).

https://myaccount.payoneer.com/


#17

Thanks Nissim :slight_smile:


#18
Nissim_Payoneer said
DragonMotion said

Hi,

I have few questions regarding Payoneer. I try to find answer on your website but i couldn’t.

  1. when i transfer money from envato to Payoneer account is there any transaction fee?

Yes, when you receive a payment from Envato to Payoneer, there is a charge of $2.00.

2. Are there any taxes? as i live in tax fee country.

Payoneer is a global payment solution, providing you with services to receive funds. We are not the company with which you are actually earning funds. In general, tax reporting and other relevant tax issues are managed by Envato.

3. If keep money in payoneer account for more than a year will you deduct any money/tax?

All account fees would be listed clearly, under the “Help” menu of your account. We do not have any hidden fees.

as i am planning to use envato earnings as saving and keep it in payoneer account for long time are there any hidden fee?

No, there would be no added cost for keeping funds for an extended period of time.

Thanks … I haven’t created payoneer yet … i am trying to collect as much as information before choosing payment option…

and Is there any transcation fee will spending money via payoneer card. Online transcation or via ATM withdraw


#19
sky5 said
DragonMotion said
  1. Are there any taxes? as i live in tax fee country.

What country is that?

its middle east no taxes but huge profit taking on products… So you can save alot if you don’t buy electronics or luxury item…


#20
DragonMotion said

Thanks … I haven’t created payoneer yet … i am trying to collect as much as information before choosing payment option…

and Is there any transcation fee will spending money via payoneer card. Online transcation or via ATM withdraw

There is no transaction fee for online and in store purchases made with the card. For ATM or cash withdrawals there is a charge, which would be listed during the sign up process (and shown again at any time via your account “Help” menu).