That’s great, guys! I hope this works out for both of you.
Babuye here are the rates:
https://payouts.payoneer.com/partners/Default/fees.aspx?langid=1
Those are the standard rates for Payoneer cards. The annual fee might seem annoying but it’s a small cost for not having to register a business in the US just to receive money! =S
And they haven’t gone up since I became a member in 2009, so I think that’s fair.
And their service just works. That’s what’s important to me.
Also note the little grey text at the bottom of that page. Because we don’t live in the US, there are some higher fees, but if we use the card to pay for things from the US, we get the low rate.
So what I do is that I try not to withdraw money too often since that’s the highest fee. I try to use the card to pay for US services like advertising, hosting, skype, Amazon purchases, etc. and so for those transactions I get no fee.
And then when I want to withdraw money I try to only withdraw it when I’ve accumulated quite a bit. For example:
If you’re withdrawing $15 at an ATM, you get a fee of $3.15. That’s a fee of 21%!! =S
But if you withdraw $150, you ALSO get a fee of $3.15. That’s a fee of 2.1% - MUCH better!
So the more money you take out at once, the better your fees are.
Do note, though, that because we’re outside the US, we also get charged between 0-3% on top of that for taking money out of an ATM or making purchases, so that’s a cost you can’t really get around.
To summarize:
1- Use the card to make purchases in the US instead of internationally whenever you can.
2- Try to use it for purchases instead of withdrawing the money from an ATM
3- If you have to withdraw at an ATM, try to withdraw a big amount at once.
That’s how you get the lowest fees from the card