Payoneer adds a local bank card to set up withdrawals and comparison of withdrawal exchange rates and fees

The emergence of Payoneer card is actually more convenient for some netizens' needs. Whether it is collection from overseas alliances or using it as a foreign currency credit card for shopping and cash withdrawals, it is still convenient, even though the annual fee is about US$30 per year. It is still relatively expensive for ordinary users, but Payoneer still has a large number of users. In the past, US dollars in Payoneer cards were usually withdrawn through online consumption, exchange, or even ATM machine withdrawals. I never noticed that the account background can also be bound to a local bank card account in mainland China to withdraw money directly. According to netizens who have used it, it is better than ATM. Airline handling fees are cheap.

If we have not bound a local bank card, we need to log in to the Payoneer account backend to set up the binding. In the past, when binding, we also needed to submit tedious procedures such as ID card scanning. Now we will submit it directly and review it by default.

First, submit the binding of local bank account (card)

As shown in the picture above, \\"Withdrawal\\"-\\"My Bank Account\\", then you will see the red link to add a bank card, click Add.

Before setting up, we need to verify our account information, enter the card number, CVV on the back, birthday and account password.

Enter our local bank information according to the prompts, then check the following three check boxes and submit. Then you need to wait for about a few hours to pass. In the past, you needed to submit proof of identity when applying. Now this step is omitted and you can pass directly.

After seeing such an email confirmation, we can withdraw cash with confidence.

Second, withdraw funds from Payoneer account to local bank

After passing the review and verification, we can see that we can choose to withdraw cash from the bank account, starting from a minimum of 500 US dollars and a maximum of 30,000 US dollars (I also want this much). After submitting OK, you need to fill in the account and personal information similar to the above steps to confirm the account. Attribution, then all we need to do is wait, usually it will be done in 1-2 days.

Third, Payoneer’s withdrawal rate from local banks

There is no handling fee for cash withdrawals. Instead, a 2% handling fee is charged when converting the exchange rate. Specifically, the snail does not calculate whether it is cost-effective to withdraw money from an ATM machine. It should be more cost-effective and mainly more convenient.

Compared with local credit cards, Payoneer card has higher handling fees and rates, but it is still more convenient for those who need it. If you are ready to apply for a P card, you can refer to \\"US Payoneer MasterCard Credit Card Application and Activate the tutorial and get a $25 reward for new registrations\\". If the payment exceeds $100, you can get a $25 reward.

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