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Paying from payoneer balance directly

rahulserver
Member Posts: 2 ✭
I have just started using payoneer to withdraw money and found conversion rates to be really awesome and overall I am able to get money within 24 hrs!
At present I am working via upwork. Earlier, I was with elance where I could hire freelancers from my earnings on elance itself.
Currently on upwork its not possible. I have to withdraw funds to my local account in INR which costs 4% and then further when I hire I have to pay in USD and hence another 4% currency conversion charge is incurred. This means I have to pay 8% for USD->INR and INR->USD cycle.
Is there way so that I could directly pay on freelancing sites using my payoneer balance which is in USD without having to pay the dual currency conversion costs?
I think this will require some way to buffer the money without having them brought to my indian account in INR. But no clues as to what is possible with payoneer.
At present I am working via upwork. Earlier, I was with elance where I could hire freelancers from my earnings on elance itself.
Currently on upwork its not possible. I have to withdraw funds to my local account in INR which costs 4% and then further when I hire I have to pay in USD and hence another 4% currency conversion charge is incurred. This means I have to pay 8% for USD->INR and INR->USD cycle.
Is there way so that I could directly pay on freelancing sites using my payoneer balance which is in USD without having to pay the dual currency conversion costs?
I think this will require some way to buffer the money without having them brought to my indian account in INR. But no clues as to what is possible with payoneer.
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