Bank Transfer Fees if I Receive Payment Via Payoneer US Bank Account (ACH)

My last payment of $1.63 which I received from Upwork via Payoneer Us bank Account (ACH) got processed and I see no charge and full amount of 1.63 is being transferred to my indian bank account.
Kindly sad some light on this if there is a charge or not so I can proceed better with future payments.
Regards,
Nikhil
Comments
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Hi there,
The fee is typically 1% if you receive funds via ACH through our Global Payment Service, then to transfer it to your bank account the fee is 2%.
Thanks!
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> @KazPayoneer
I received $1.63 in my local bank account and there is no fees charged. I have received full amount. Please can you confirm if there is 2% fees or not ?
2% fees is counted in currency conversion rate ?
Let's assume I receive $100 via Payoneer US bank Account (ACH).
now market rate on master card website is 1 USD = 69.5500 INR
So how much money in INR will I receive after deducting all fees ?0 -
Hi,
Payoneer will take 2% on top of the market rate. So you would get the equivalent of around 97-98 USD.
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> @KazPayoneer said:
Ok, so fee are in form of 2% of market rate, right ?0 -
Hi,
This is correct.
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why it is taking extra $40 when I withdraw payoneer to bangladesh bank? and another questions is what is the middle via payoneer to bangladesh dbbl bank0
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HI @mrhripon
I believe that you have selected USD as your transfer currency. When sending a USD transfer, other banks involved in the transfer sometimes charge correspondent fees. In addition, the beneficiary bank may also charge landing fees. You can check our FAQs here
Payoneer does not have control over the additional fees (correspondent and landing) that are deducted by other banks.
Please note that payment routes also sometimes change, affecting the correspondent fees charged.
We are always looking to improve our payment routes so that we can provide you with the best service at the lowest fee.Did you know that Payoneer offers local currency transfers to Bangladesh in
BDT?
If you would like to receive your funds in BDT or require further information, please contact us directly.0

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