PAYONEER Mastercard, the Do’s and Don’t – My First Experience

 Payoneer is such a great company helping we Bloggers and online marketers receive funds from Affiliates and companies such as Fiverr, Adsense etc, Letting you send money to payoneer too. To read a Full Detailed post about them, Click HERE

So In this Post, I’ll share with you my First experience Using the Payoneer Mastercard.

After I received some Funds on my Payoneer Mastercard, I then Decided to withdraw it using an Automated Teller Machine (ATM). After Inserting my card and trying to withdraw I was given the Notification of Insufficient funds. Why? I asked myself, we’ll mayb I was selecting the wrong Account type I thought. I then tried 2 more times now selecting Savings and Current type as I Earlier selected Credit account type. Well I never knew the payoneer card was a CURRENT Account Type.
After doing all these, I was finally able to withdraw, but Not the same amount, my Funds had reduced by $5. I left and went home to Access my account through the mobile app and got the screenshot Below.

Payoneer card usage

I then Analyzed what happened;

  • Payoneer charge a $1 fee when the Mastercard is inserted in an ATM machine. I did this Twice = $2
  • They Charge a $1 fee whenever you check your account Balance… I checked 3 times = $3

 NOTE:

  1. Before Heading to the ATM machine, First check your Total Available Funds using their Mobile App or on their Website. You can Download the App on Google play store HERE 
  2. When you insert the Mastercard, just remember that you’re short of $1 so be careful 
  3. Select ‘CURRENT’ Account Type, Not ‘SAVINGS’ or ‘CREDIT’ (Very Important) 
  4. Don’t withdraw the Total money from your Account so You wouldn’t Get the Insufficient funds Alert. For Instance, For a $21 fund, you can withdraw just $20.
  5. After withdrawing your Required amount, Quickly eject Your card: Don’t try any other services. 
  6. Payoneer charge an Annual card Maintenance fee of $29.95 ($30 Approx.)
  7. Payoneer Exchange Rate is N192/$1 so you may re-consider withdrawal

So when you Receive your Fund, you won’t make silly Mistake as I did and lose some $$$. Now it’s Time for some comments, ask any questions and get answers.

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Comments

  1. Thanks for sharing this awesome dos guide. I love the guide & got lots of help thanks.

  2. This comment has been removed by a blog administrator.

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