Lower Fees for Payoneer’s Global Bank Transfer (GBT) Service!

October 10, 2012 10 Comments

We previously discussed the Global Bank Transfer (GBT) Service and now we are thrilled to announce that Payoneer has lowered the fees for local bank transfers!

Payoneer’s Global Bank Transfer Service allows our users to receive local and wire transfers directly to their bank account in over 200 countries worldwide and 50 currencies.

Now, for over 55 countries, local bank transfers have been reduced to 2.99 USD!*

However, we decided that was not enough, so we took it further. For six major currencies, the conversion will be determined at only 2% above the official market mid-rate! These six currencies include: Euro (EUR), British Pound (GBP), Canadian Dollar (CAD), Philippine Peso (PHP), Australian Dollar (AUD) and Romanian Leu (RON).

For new members, to sign up for the Global Bank Transfer (GBT) Service, go to the partner website and choose Payoneer as your payment option.  Next, complete the following:

 

1) On the main application page, enter your country and select to get paid via the Global Bank Transfer Service:


2. Enter your personal details and click “continue”


3. Enter your bank details and click “submit”

That’s it! Your application will be submitted, and reviewed within a few business days.  Once processed, you’ll receive an e-mail confirmation with further details. For any questions please feel free to contact us at http://www.payoneer.com/contactUs.aspx

 

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*India, Russia and Brazil local transfers will remain at 5.95 USD.

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About David

Community Manager at Payoneer. David earned a bachelors degree in English Literature and has a background in PR and Marketing. In his free time he enjoys sports (hockey is his favorite), reading, writing, music. He loves a good conversation and reaching out to the internet community, so feel free to contact him at davidst [at] payoneer.com.
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10 Responses to “Lower Fees for Payoneer’s Global Bank Transfer (GBT) Service!”

  1. YIWENMING Reply October 28, 2012 at 3:42 PM

    WHY WE CAN HAVE THIS FUNCATION IN CHINA? We can not wire transfers directly to our china bank account, it works some months ago, but does not now.

    • Nissim Reply October 29, 2012 at 9:57 AM

      We currently offer SWIFT transfers to China in USD, EUR or GBP. We are looking in to a local transfer option for the future, however have no eta or further information on that service.

  2. Jed Reply January 21, 2013 at 11:38 AM

    Hi,

    I already have a Payoneer OHT prepaid MasterCard, however being paid directly to my local bank account in Philippine Peso sounds better to me. Is it possible to change my payment option from prepaid MasterCard to GBT? Looking forward to your reply!

  3. Anthony Reply February 7, 2013 at 4:23 AM

    Does this option work in Kenya?

  4. Kiraly Reply April 2, 2013 at 8:39 AM

    Hi,

    I already have a Payoneer MasterCard, my country is Romania.
    Is there a way to enable the GBT payment method also ?
    So MasterCard + GBT works together ?

  5. Ali Reply April 27, 2013 at 9:41 PM

    Hi there,

    I’ve seen that Somalia is in the list of countries to which funds can be transferred using the GBT service. May I know whether the transfer process is done via wire transfer (i.e. to a bank account) or you actually use one of the local money transfer companies to facilitate the same? Thanks!

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