Help with Payoneer as payout method please!

[Irmi1]

Has anyone here experience with Payoneer as a payout method? I'm considering switching since lately the bank charges on international wire transfer have quadrupled! 

My bank deducts 115 for every payment I receive, but all of a sudden there are other banks that charge about 15 US$ before the money even gets to my bank. 

Otherwise, the thing to do to minimise bank charges is to set a minimum payout amount, for example 200 US$ or 3000 ZAR, then you only get paid once you have accumulated that much income and you pay the bank charges on that amount only instead of paying bank charges on every booking. 

If anyone has experience with Payoneer, please let me know! 

[Stephanie]

Hiya @Irmi1 ,

Welcome to the CC! I hope you don't mind but I moved your post here so it would get more visibility from other Hosts who may be able to help you. 

Many thanks,

Stephanie

[Caren211]

Dear Irmi,

I am also hosting in Namibia, and recently I've been struggling with the intense charges as well!

FNB says:
We reviewed your request and have noticed that all your forex funds are transferred with the Fee Option, CHARGES TO BE SHARED. That is why in some instances you bear fee deductions from the USD Correspondent Bank as well as from FNB Namibia.
In normal course of business, you need to advise the remitters (guests that uses your Airbnb) to choose the Fee Option – SENDER TO PAY ALL FEES. This will ensure that you pay zero fees when receiving forex payments."

But of course, it is IMPOSSIBLE to tell the guest (sender) to pay all the fees, because some will just not do it or possibly cancel the booking.

Did you find a solution to your problem? 

My currency is set to ZAR from the beginning.

If you have any advise I will appreciate it!

thank you 🙂
Regards
Caren