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

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 Nissim

Head of Community at Payoneer. Nissim joined Payoneer in 2006 and holds a Bachelor's Degree in International Business Administration. He loves hearing from the community and discussing new ideas, and enjoys playing tennis and watching football in his free time. He can be contacted at nissimal [at] payoneer.com
  • YIWENMING

    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

      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.

      • Priyantha

        I am Priyantha from Sri Lanka. please let me How is the Global transferring charges for Sri Lanka?

        • http://www.payoneer.com/ Nissim

          Hi! We do support wire transfers to Sri Lanka in USD. A full breakdown of fees is available during the sign up process (or when making a withdrawal).

  • Jed

    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!

    • http://www.payoneer.com/ Nissim

      Yes, you can. You need to e-mail lbt@payoneer.com and request to change your payment method to GBT. They will get back to you with further details on how to do that.

  • Anthony

    Does this option work in Kenya?

    • http://www.payoneer.com/ Nissim

      We support wire transfers to Kenya in KES, EUR, USD and GBP.

  • Kiraly

    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 ?

    • http://www.payoneer.com/ David

      We generally do not allow someone to have both the card and our GBT Service on the same account. If you would like to switch you can contact our support for further assistance. http://www.payoneer.com/contactUs.aspx

  • Ali

    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!

    • http://www.payoneer.com/ Nissim

      For Somalia we support payments via wire transfer, in either USD or EUR.

  • Tony

    I am from Kenya and very interested. Just for clarification what are the steps involved in global payout. Does my bank need to have registered with Payoneer. Are their specific banks used in Kenya. Thanks

    • Rita

      Hi Tony, GBT allows you to receive local transfers directly to your bank account. To sign up for this service, go to the Payoneer Sign Up page from your paying partner account and look for the Worldwide Bank Transfer Service that is located under the prepaid card sign up. Select your country and you will be directed to the Global Bank transfers service sign up.

  • Tanjil Islam

    Hello, I am from Bangladesh and already have a prepaid master card from payoneer. Now How will have GBT in my bank account? I mean can can I keep both GBT and the Card or I have choose between one of them ? How to switch accounts ? Please inform . Thanks

    • http://www.payoneer.com Melisa

      Hi! Please note that you can only have either the card or the Global Bank Transfer Service with one partner.
      Please contact our Customer Support team to advise you whether your partner offers the Global Bank Transfer Service and how to switch between these services.

  • Sona

    Hey, does GBT operate in INDIA? We operate thorugh paypal and clickbank!

  • adnan ahmed

    Hello,

    Is GBT work for Pakistan? if yes whats is procedure for sign up? and fee?

    Thanks,

  • Romi

    Hi,
    The GBT service is for select partners that have it available. Your fee and pricing structure can be found in your “My Account”, under general infomation. The annual fee is charged once a year, while the other fees depend on the transaction. We don’t charge $3.15 for receiving a payment, for example. This is only for ATM withdrawal. For clarification of fees, it’s best to check them out in you account.

  • Ada De Guzman

    hi my name is reggie and in the process receiving my payoneer card. i would like to know how much will it cost me/deduction for the payoneer transfer in Australia to philippines. for e.g. someone send me 350aud how much do i get if i get 350aud and also how much is the annual fee for the payoneer account.

    • Romi

      Hi Reggie,
      If you’re referring to GBT fees, the fee varies according to the type of transfer (wire, local transfer) and other parameters. You can see a full list of fees and pricing on your My Account, under the General Information tab (also the annual fee etc).

  • http://www.payoneer.com/ Nissim

    Hi,

    We do not support funding via another person’s PayPal account. If your client is a US company, however, they can send US bank transfers directly to your US Payment Service (from their US company bank account).

  • Justine

    Hi Martin,

    You are unable to do so as the client needs to be in the US. But you have 2 options, if your client is a company they can apply to be a partner with us?

    Or
    We suggest our private loads service: http://www.payoneer.com/PrivateLoads.aspx