ATM Transaction fee
axbxcxd
Member Posts: 1 ✭
Can anybody tell me about the atm transaction fees taken by our local atm booths?
I heard that when withdrawing money from atm, there is 15% vat. Is it true?
I heard that when withdrawing money from atm, there is 15% vat. Is it true?
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Comments
1. Payoneer's ATM withdrawal fee (Please note: Cash backs are treated as ATM withdrawals and are charged at our flat withdrawal rate).
2. A currency conversion/cross border fee.
3. A surcharge imposed by the owner of the ATM you are using (Payoneer has no jurisdiction or foreknowledge over a surcharge fee imposed by an outside bank or ATM).
To view your pricing and fees, please log in to your Payoneer Account and select the "Pricing and Fees" tab located under the "Help" menu.
They take 1% of my money just for receiving it...
Then another $3 if I buy milk?
Then another $30 per year for annual fees
Then another 3% currency conversion fee
....
Is there anyway to use a Payoneer card without losing mass sums of money ?
Any help here please.
If I withdraw $1000USD.
Visit my ATM >> withdraw $1000USD
What are the total fees for this? Doing bulk withdrawels is probably the only way with Payoneer.
1% card fee = $990
3% cross border fee = $960 USD
$3 ATM FEE = $957 USD
+ Hidden FEES ???
Therefore , my $1000 USD will become $957 USD overall ?
4.3% FEE on all transactions overall with Payoneer...
These breakdowns aren't clearly shown on Payoneer's website , it's up to the forum users to explain these multitude of fees ?
@peterfreelancernz how can we help you?