Tax on Facebook Ads payment through Payoneer Card

marslanshabbir143
marslanshabbir143 Confirm Email, Member Posts: 2 ✭
in eCommerce and Online Selling
Dear Payoneer Community,

I hope this message finds you well. I have a question regarding payments made through my Payoneer Mastercard for Facebook advertising expenses, with both my ad account and Payoneer card set in USD as the currency.

Suppose I allocate a budget of $1000 for running ads on Facebook. Could someone kindly clarify how much payment will be deducted from my Payoneer account, taking into consideration any potential tax deductions or fees associated with the transaction?

I understand that tax regulations and fee structures can vary by location, and I want to ensure that I have a clear understanding of the total deductions involved in this scenario. Any insights or guidance on this matter would be greatly appreciated.

Thank you in advance for your assistance.

Best regards,

Comments

  • Kiara_Payoneer
    Kiara_Payoneer Administrator, Moderator, VIP Member Posts: 594 ✭✭✭✭✭✭

    Hi @marslanshabbir143,

    Thank you for your inquiry. Payoneer doesn't impose tax deductions on your transactions, as tax regulations vary by location. To review card fees, please check the "Pricing & Fees" page on your Payoneer account.

    For your $1000 budget, deductions will primarily include your ad expenses and any applicable fees from the fee structure. If you have specific transaction questions, our support team is here to assist.

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