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Please, What's The Current Rate Of Payoneer Card On Naija ATM - Business - Nairaland

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Can I make withdrawals from Payoneer Card of less than $50 / Get USD at official rate of CBN. Read T/C / Payoneer Card Arrives - See What Happened Next (2) (3) (4)

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Please, What's The Current Rate Of Payoneer Card On Naija ATM by 7ftMan(m): 8:58am On Dec 03, 2018
I am about to use my Payoneer ATM card for first-time Withdrawal today. I like to know what is the exchange rate with Nigerian banks and Which bank pays the highest rate( I bank with First Bank)and what's the account option to select(current, saving or Checking)
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by mrphysics(m): 9:13am On Dec 03, 2018
7ftMan:
I am about to use my Payoneer ATM card for first-time Withdrawal today. I like to know what is the exchange rate with Nigerian banks and Which bank pays the highest rate( I bank with First Bank)and what's the account option to select(current, saving or Checking)
If you have a make payment option on your payoneer account, I will suggest who will buy your fund at a good rate (N345/$1). Trusted person anyway.

But if you want to use ATM, kindly use First bank or Access bank. I would strongly recommend First Bank. For every N20k withdrawn, payoneer will charge $60.11 (this includes the processing fee). When you divide it, you will realize the exchange rate is N332/$1. Kindly select Savings as the account type.

Lastly, we have a fiverr thread created by beatzone, kindly ask your questions on that thread instead of creating a new thread for it.
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by dabocity: 9:14am On Dec 03, 2018
Don't even try it. The rates are high. In fact, why did you order for the card at first when you could be selling the dollars and cashing in Naira. I sell mine and I have sold thousands of dollars. Wise up bro
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by mrphysics(m): 9:22am On Dec 03, 2018
dabocity:
Don't even try it. The rates are high. In fact, why did you order for the card at first when you could be selling the dollars and cashing in Naira. I sell mine and I have sold thousands of dollars. Wise up bro
I don't understand this comment.

It is safer to withdraw using the ATM than through exchangers. Except you have a trusted exchanger, I recommend people to use ATM.

He made a decision to use ATM, and I helped him with the answers. It is left for him to make the decision on whether to use an exchanger or ATM.
Though the ATM rate is low, its still safer.

@op, Make your decision and live with it.

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Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by 7ftMan(m): 9:33am On Dec 03, 2018
mrphysics:

If you have a make payment option on your payoneer account, I will suggest who will buy your fund at a good rate (N345/$1). Trusted person anyway.

But if you want to use ATM, kindly use First bank or Access bank. I would strongly recommend First Bank. For every N20k withdrawn, payoneer will charge $60.11 (this includes the processing fee). When you divide it, you will realize the exchange rate is N332/$1. Kindly select Savings as the account type.

Lastly, we have a fiverr thread created by beatzone, kindly ask your questions on that thread instead of creating a new thread for it.
$60.11 or what? Or you meant $6.11( that's affordable)
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by mrphysics(m): 9:46am On Dec 03, 2018
7ftMan:

$60.11 or what? Or you meant $6.11( that's affordable)
This is business section bro. Not here to impress you but to tell you the truth.

If you are withdrawing using ATM, For every N20k withdrawn from First Bank, an equivalent of $60.11 would be deducted. This means that the exchange rate is N332/$.

I would advise you to go with an exchanger, especially one you can trust. Be informed that withdrawing through the ATM is the safest and fastest way to withdraw your money, the only price to be paid is the low exchange rate.

If you need a trusted exchanger do let me know that is if you have a make payment option on your payoneer account.
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by 7ftMan(m): 10:06am On Dec 03, 2018
Okay. What's the type of account I should choose. Current or savings or checking.
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by mrphysics(m): 10:14am On Dec 03, 2018
7ftMan:
Okay. What's the type of account I should choose. Current or savings or checking.

Seems to me you didn't read my first response.

Choose savings.
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by dabocity: 1:47pm On Dec 03, 2018
mrphysics:

I don't understand this comment.

It is safer to withdraw using the ATM than through exchangers. Except you have a trusted exchanger, I recommend people to use ATM.

He made a decision to use ATM, and I helped him with the answers. It is left for him to make the decision on whether to use an exchanger or ATM.
Though the ATM rate is low, its still safer.

@op, Make your decision and live with it.

I still stand by my decision.
OP.. Try and look for a good and trusted exchanger because the charges on atm card are much..

Breakdown:
Card Annual Activation $29.95
Card Replacement $12.95
ATM Withdrawal $3.15
ATM Decline $1
ATM Balance Inquiry $1

As I have mentioned above, Payoneer will only charge you $3.15 from the amount you withdraw however the ATM from which you’re withdrawing your funds will also charge you so normally you’ll be charged around $7 or $7.95 on your total ATM Withdrawal.
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by 7ftMan(m): 7:38pm On Dec 04, 2018
Hello,
Here is the update: I withdraw 20k using First Bank ATM( savings account selected as account option). Ensued Transaction as seen from Payoneer website:
Transaction amount is 54.97$
Fee:5.07$
Total amount: 60.04$(21,880 naira)

Seem fair.
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by Nobody: 9:29pm On Dec 04, 2018
7ftMan:
Hello,
Here is the update: I withdraw 20k using First Bank ATM( savings account selected as account option). Ensued Transaction as seen from Payoneer website:
Transaction amount is 54.97$
Fee:5.07$
Total amount: 60.04$(21,880 naira)

Seem fair.

Thanks for the update.
So 20k withdrawal debits 60.04usd
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by jonextee(m): 10:23pm On Dec 04, 2018
7ftMan:
Hello,
Here is the update: I withdraw 20k using First Bank ATM( savings account selected as account option). Ensued Transaction as seen from Payoneer website:
Transaction amount is 54.97$
Fee:5.07$
Total amount: 60.04$(21,880 naira)

Seem fair.

what bank did u use?
Re: Please, What's The Current Rate Of Payoneer Card On Naija ATM by MasterRahl(m): 12:15am On Dec 05, 2018
jonextee:


what bank did u use?
Nairalanders. Na wao. Read his update again and you will see the bank he withdrew from grin

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