Hello,
I wanted to let those of you with Payoneer accounts know about some slight changes to the Global Bank Transfer (GBT) fee model.
As you may know, Payoneer currently offers USD SWIFT transfers at a fee of $9.95 +1% (capped at $10). In an effort to simplify the fee structure (and to make sure each user knows what to expect in terms of fees), as of April 1st the transfer fee will be fixed at $15.
SWIFT transfers of less than $500 will incur a slight increase in transfer fees, and transfers over $500 will carry lower fees.
Fees for transfers in local currency (Local Bank Transfers) will not change, staying at $2.99 or $5.95 depending on the country.
I wanted to let those of you with Payoneer accounts know about some slight changes to the Global Bank Transfer (GBT) fee model.
As you may know, Payoneer currently offers USD SWIFT transfers at a fee of $9.95 +1% (capped at $10). In an effort to simplify the fee structure (and to make sure each user knows what to expect in terms of fees), as of April 1st the transfer fee will be fixed at $15.
SWIFT transfers of less than $500 will incur a slight increase in transfer fees, and transfers over $500 will carry lower fees.
Fees for transfers in local currency (Local Bank Transfers) will not change, staying at $2.99 or $5.95 depending on the country.