Using Payoneer: Withdrawal Fees and Timeline
For payment recipients withdrawing to a prepaid card, there is a $3 USD load fee per payment. This fee is charged directly by Payoneer from your account, so you will not be able to see it on the goLance platform. You should see this in your Payoneer account.
For payment recipients withdrawing to their bank account in a local currency, there is a $3 transfer fee and a currency conversion fee of 2%.
For payment recipients withdrawing to their bank account via US dollar (USD) Swift, there is a $15 transfer fee. The bank may also charge landing fees. Note when sending a US dollar wire transfer, other corresponding banks are often involved in the transfer and they charge their corresponding fees. Payoneer is not responsible for these additional fees deducted on wire transfers.
Some additional information about Payoneer fees users can be found on the Payoneer website here.
Withdrawing funds from your goLance account to your Payoneer account can take up to 24 hours.
Updated on: 06/10/2020