Experience with Payoneer Mastercard from Nepal
Hello there folks,
As a Nepali, I generally needed to make paypal account or do online exchanges, yet there was dependably issue for confirming the paypal account. A week ago I got my paypal confirmed and I can now send installments and get installments online universally. The story started when I began to do online occupation with US organization. They used to send cash through moneybookers(Skrill), yet later on they changed the installment from skrill to payoneer and I needed to make account with payoneer.
First I verified my checking account with payoneer and determined to receive payments through world bank transfer, as before long as I got my checking account verified, I found that their fees were astonishingly beyond moneybookers. wherever moneybookers charged no quite two.5USD per withdrawal, they wont to charge 15USD per withdrawal. thus I had to settle on possibility for payoneer mastercard.
Here is screenshot of charges of payoneer for bank transfer as of today's date.
I agreed to mastercard with ordinary connection, later I found that there was referral join, and on the off chance that you information exchange through referral join, both referrer and individual who information exchanges through that connection will get 25$ as reward.
So here is my referral join in the event that you need to information exchange for mastercard.
I connected for mastercard and it took me around 10 days or more to get confirmed for procedure and they endorsed and dispatched my mastercard on fourteenth November, 2013. I took just about 20 days to achieve that card to my home (Rupandehi), and I got that on fourth Dec, 2013. However expected date was on sixteenth Dec.
I initiated my card in a split second. They deducted upkeep and initiation charges on same day. I additionally confirmed my paypal from same card.
Following few days, I chose to pull back my income, I went to ATM of Siddhartha bank as it had logo of Mastercard. All banks of Nepal has not metioned the genuine withdrawal charges on their site.
So I embedded card on ATM of Siddhartha bank and it declined my card, it demonstrated screen to enter PIN numbers, I tired two times and it fizzled both times. So I went to another ATM of Nepal speculation, it acknowledged my PIN numbers and gave me choices to check parity, quick money and money withdrawal. I squeezed money withdrawal catch, yet I don't know whether that catch was handicapped or not working, I couldn't utilize that choice. I needed to choose Money Withdrawal alternative and chose most astounding choice of Nrs. 10,000. It demonstrated to me an affirmation screen and showed NRS 400 will be deducted per withdrawal. I basically acknowledged the alternative and got my money of Nrs. 10,000.
Presently you might be pondering what was conversion scale on that day and what rate did I get.
The swapping scale on that day as indicated by NRB site was purchasing Rs.97.96 and offering Rs.98.56 per Dollar.
Payoneer deducted 113.35USD, that incorporates ATM charge of bank and withdrawal charges of Payoneer.
Here are sums payoneer deducted for pulling back.
10,000 NPR - 135.35 USD (12/08/2013)
33,000 NPR - 348.57 USD (12/15/2013)
40,000 NPR - 421.61 USD ((01/05/2014)
From above you can compute how much the payoneer charges, ATM charges and what conversion scale I got while pulling back.
Taking everything into account, its not smart thought to utilize mastercard for successive withdrawal, you ought to pull back however much sum as could reasonably be expected in one time.
Upgrade: My companion additionally connected for mastercard and sat tight for over 40 days. It didn't land because of carelessness of Nepal Mail station. He needed to Re-Arrange again by DHL and it arrived in a matter of seconds.
Overhaul Feb 2015: However Payoneer have quit sending its mastercard to India you can pull back on Indian ATM banks. I could pull back effectively on SBI ATM.
Here are regular inquiries I need to clear about payoneer card.
1. Can I utilize payoneer directly after I get it for exchanging reserves?
No, You can't. After you get payoneer you need to actuate card on site. You will be approached to enter pin code for ATM. YOU Likewise Need TO GET YOUR FIRST Installment FROM US Organizations LIKE ELANCE, Specialist, FIVER and after that you can exchange stores from and to your card.
2. After I get card would I be able to exchange reserves from other payoneer cardholders to my card ?
No, You can't. After you get the card first you need to get paid from US organizations like consultant, elance, fiver and other payoneer accomplices. After you have adequate equalization to pay initiation expenses you can exchange stores from other payoneer card holders.
3. Can I utilize payoneer card to actuate my paypal account?
Yes, strictly when once you get first installment from US organizations on payoneer card.
4. Can I utilize card to ATM of Nepal?
Yes, just if card is initiated and you have reserves.
5. On which ATM would I be able to utilize payoneer card and which is best one?
You can utilize any ATM that has logo of mastercard. Himalayan Bank is Best to withdraw in light of the fact that it permits to pull back NRS 40,000 without a moment's delay for charge NRS 400. In the event that you utilize different banks, you may need to pull back twice for same NRS 40,000.
6. Could you help me to actuate card?
Yes, I will please get in touch with me by means of email or call on +977 9815926310
As a Nepali, I generally needed to make paypal account or do online exchanges, yet there was dependably issue for confirming the paypal account. A week ago I got my paypal confirmed and I can now send installments and get installments online universally. The story started when I began to do online occupation with US organization. They used to send cash through moneybookers(Skrill), yet later on they changed the installment from skrill to payoneer and I needed to make account with payoneer.
First I verified my checking account with payoneer and determined to receive payments through world bank transfer, as before long as I got my checking account verified, I found that their fees were astonishingly beyond moneybookers. wherever moneybookers charged no quite two.5USD per withdrawal, they wont to charge 15USD per withdrawal. thus I had to settle on possibility for payoneer mastercard.
Here is screenshot of charges of payoneer for bank transfer as of today's date.
So here is my referral join in the event that you need to information exchange for mastercard.
I connected for mastercard and it took me around 10 days or more to get confirmed for procedure and they endorsed and dispatched my mastercard on fourteenth November, 2013. I took just about 20 days to achieve that card to my home (Rupandehi), and I got that on fourth Dec, 2013. However expected date was on sixteenth Dec.
I initiated my card in a split second. They deducted upkeep and initiation charges on same day. I additionally confirmed my paypal from same card.
Following few days, I chose to pull back my income, I went to ATM of Siddhartha bank as it had logo of Mastercard. All banks of Nepal has not metioned the genuine withdrawal charges on their site.
So I embedded card on ATM of Siddhartha bank and it declined my card, it demonstrated screen to enter PIN numbers, I tired two times and it fizzled both times. So I went to another ATM of Nepal speculation, it acknowledged my PIN numbers and gave me choices to check parity, quick money and money withdrawal. I squeezed money withdrawal catch, yet I don't know whether that catch was handicapped or not working, I couldn't utilize that choice. I needed to choose Money Withdrawal alternative and chose most astounding choice of Nrs. 10,000. It demonstrated to me an affirmation screen and showed NRS 400 will be deducted per withdrawal. I basically acknowledged the alternative and got my money of Nrs. 10,000.
Presently you might be pondering what was conversion scale on that day and what rate did I get.
The swapping scale on that day as indicated by NRB site was purchasing Rs.97.96 and offering Rs.98.56 per Dollar.
Payoneer deducted 113.35USD, that incorporates ATM charge of bank and withdrawal charges of Payoneer.
Here are sums payoneer deducted for pulling back.
10,000 NPR - 135.35 USD (12/08/2013)
33,000 NPR - 348.57 USD (12/15/2013)
40,000 NPR - 421.61 USD ((01/05/2014)
From above you can compute how much the payoneer charges, ATM charges and what conversion scale I got while pulling back.
Taking everything into account, its not smart thought to utilize mastercard for successive withdrawal, you ought to pull back however much sum as could reasonably be expected in one time.
Upgrade: My companion additionally connected for mastercard and sat tight for over 40 days. It didn't land because of carelessness of Nepal Mail station. He needed to Re-Arrange again by DHL and it arrived in a matter of seconds.
Overhaul Feb 2015: However Payoneer have quit sending its mastercard to India you can pull back on Indian ATM banks. I could pull back effectively on SBI ATM.
Here are regular inquiries I need to clear about payoneer card.
1. Can I utilize payoneer directly after I get it for exchanging reserves?
No, You can't. After you get payoneer you need to actuate card on site. You will be approached to enter pin code for ATM. YOU Likewise Need TO GET YOUR FIRST Installment FROM US Organizations LIKE ELANCE, Specialist, FIVER and after that you can exchange stores from and to your card.
2. After I get card would I be able to exchange reserves from other payoneer cardholders to my card ?
No, You can't. After you get the card first you need to get paid from US organizations like consultant, elance, fiver and other payoneer accomplices. After you have adequate equalization to pay initiation expenses you can exchange stores from other payoneer card holders.
3. Can I utilize payoneer card to actuate my paypal account?
Yes, strictly when once you get first installment from US organizations on payoneer card.
4. Can I utilize card to ATM of Nepal?
Yes, just if card is initiated and you have reserves.
5. On which ATM would I be able to utilize payoneer card and which is best one?
You can utilize any ATM that has logo of mastercard. Himalayan Bank is Best to withdraw in light of the fact that it permits to pull back NRS 40,000 without a moment's delay for charge NRS 400. In the event that you utilize different banks, you may need to pull back twice for same NRS 40,000.
6. Could you help me to actuate card?
Yes, I will please get in touch with me by means of email or call on +977 9815926310
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