Best way to withdraw USD dollars in Canada?

nowaves123nowaves123 Posts: 1Member
Currently payoneer only offers the option to withdraw the money to a bank in CAD dollars for a 2% fee. And then to buy the USD back you are probably looking at another 1% cost. Therefore, getting the money that way costs about 3%.

On the other hand, Payoneer offers a way to get a card which would have a fixed cost of 30$ + 3$ everytime you withdraw up to 2500$. Has anyone used this approach before? And is the cost of withdrawing 2500 just 3$ + the ATM fee, or are there more hidden fees such as a CrossBorder fee + a fixed (%) atm fee?

I think this affects any country outside so the US so I would like to get an idea on all the fees imposed by withdrawing money from a credit card.

Thank you in advance.

Comments

  • iffikhaniffikhan Posts: 1Member
    Hi . Which bank offer payoneer master card wothdrawl option in canda ?
  • Aleksandra_PayoneerAleksandra_Payoneer Posts: 208Administrator ✭✭✭✭✭✭✭

    Hi there @iffikhan

    The Payoneer prepaid MasterCard works just like any other MasterCard and it is accepted at all locations worldwide, at online or offline retail locations, as well as at all ATMs which support MasterCard

    Here is a link to the ATM locator that will assist you in finding an ATM near you.

    Let us know in case if you will need more information

    Will be happy to answer general questions about Payoneer service.

    For any specific inquiries directly associated to your Payoneer account, please contact our Customer Care Support Center.

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