Mastercard Exchange Rate
I withdrew 20 New Zealand Dollars from an ATM (in New Zealand) today and it cost me 20.42 US Dollars (according to my Payoneer account).
I withdrew the same amount from my PayPal account today and that cost me USD 17.21
So the Payoneer Mastercard rate is 18.6% more expensive than the PayPal exchange rate . . . and that doesn't include the fee incurred to transfer funds into my Payoneer account.
Is that normal?
If it is, I won't be using Payoneer in future.