I was thinking you must reach $50 in payoneer before commanding withdrawal request. If that's the case with payoneer coupled with lower gas fee than PayPal then it is more preferably than PayPal. I used my friend's paypal to withdraw money online, with conversion from dollar to naira rate set at #340 per $1. I have a PayPal account I'll look to add payoneer as well.
But your preferred choice for transactions is the perfect money gateway. I love payeer cos of the inclusion of Cryptocurrencies in its payment method. Where you can exchange your fiat currency to crypto or even request Cryptocurrency payment using payeer. Apart from that too, you can use the platform to trade coins just as you elaborated. I'm a happy user of payeer.
I got you clearly now, one can send payoneer funds to other users, and withdraw directly to the bank when one reach minimum withdrawal threshold of $50. I was thinking that we can send payoneer funds to other payment gateways like perfect money, payeer, skrill etc, using any of the payoneer Fiat currencies.
Maybe you don't get me. Payoneer is used to recieve money and pay out to your local bank account or another payoneer user. I am using payoneer to withdraw money from workmarket. (have you heard of it before). So when I reached $50 and above, I am free to send to my local bank. But I said before federal government embargo, I didn't need to reach that amount. I can collect any amount.
@btaliat said, payoneer is the only payment method online thst sends payment to other payment gateways freely without much charges, just little charges. Then how come you aren't seeing means to send payment from perfect money to payoneer, or from payoneer to perfect money. He'll come here to explain how one can send funds from payoneer to any other payment gateway.
The high minimum withdrawal threshold set by payoneer isn't encouraging to me cos i don't make enough online, if i come to withdraw below $50 it would become hindrance to me. That's why i wouldn't be using it now unless my earnings improves high, maybe i earn $50 every week then I'll consider it. If you find advcash interesting you can create account with them. I'll only create account with advcash when the need arise.
That is it, you need to reach such minimum threshold in order to command withdrawal from payoneer directly to your bank account if it features your country via their payment gateway. With the information @btaliat told me I'm fully satisfied about payoneer as having positive and worthy to be used no matter the high minimum withdrawal threshold.
Well detailed and timely explanation you did here for btaliat, i appreciate you. I never knew payoneer acts just this way you detailed it for me. I was thinking, one will receive cash through payoneer and hold it on until it reaches $50 at minimum before converting to crypto or what ever sending to other payment gateway that is friendly with Nigerian banks.
You have gotten the first part. Federal government has banned receiving foreign money into naira account. But payoneer still do it for you without using kuda. When you have $50 and above, you can either withdraw to your naira account or dom account. There are 3 currencies there, euro, dollar and pound. Payoneer works like bank, for instance, if you want to collect pounds, you will generate pounds account to receive it and upon receiving it, you can covert it to naira then to your naira or dom act.
Okay, i got your information clear. That means we can't withdraw directly from payoneer since Kuda bank partnership is limited by Nigerian federal government. That means we'll save our payoneer funds and look for a merchant to buy it before receiving funds. Can one convert USD to Pounds and withdraw directly to our local bank account??
Before you can withdraw your money on payoneer, you must have $50 as you said. But I said the stress was eased when kuda bank partnered with them but federal government of Nigeria has ordered kuda bank not to facilitate receiving money from abroad anymore. I don't normally use dollar on payoneer. But right now, pound, the one I do use is #570
There was a time kuda supported payoneer and with this you don't need to reach $50 limit. You can withdraw any amount. This may be a limitation on payoneer but I don't see it as a limitation. Because I do use it as a means of saving money. Besides, the transaction fee on paypal is a way higher than that of payoneer.
Payoneer and paypal payment gateway has their own flaws. Instead of I'll go for payoneer I'll simply opt for paypal. At payoneer you won't get to withdraw low amount of money it must be from $50 but in PayPal you can withdraw any amount i believe so. PayPal us better off that way regardless of charges.
