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How Payoneer Is Giving Paypal A Run For Their Money In Nigeria - Business - Nairaland

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How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by stephen2016: 4:14pm On Apr 20, 2020
The recent addition of the withdrawal to local bank will see a significant increase in registration from Nigerian ecom businesses and freelancers. I think it is also going to steal of some profits from online buyers who bought dollars very low from freelancers because there was no way they could withdraw the money to their local bank accounts.

This is a welcome development and I hope Nigerians don't abuse it.

How is your experience so far. Have you tried withdrawing your money from Payoneer to your Nigerian Bank account, if yes, what was the exchange rate ?

2 Likes

Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by 1stola: 4:22pm On Apr 20, 2020
stephen2016:
The recent addition of the withdrawal to local bank will see a significant increase in registration from Nigerian ecom businesses and freelancers. I think it is also going to steal of some profits from online buyers who bought dollars very low from freelancers because there was no way they could withdraw the money to their local bank accounts.

This is a welcome development and I hope Nigerians don't abuse it.

How is your experience so far. Have you tried withdrawing your money from Payoneer to your Nigerian Bank account, if yes, what was the exchange rate ?
But how about diverse and wide acceptance?

On eBay
Amazon
AliExpress
Netflix
Wish etc?
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by stephen2016: 5:41pm On Apr 20, 2020
I mentioned freelancers. Its been hard for freelancers getting their money locally. And by the way I think you can always spend your money on these shop using payoneer card. All you need to do is to link it to your paypal account.

1stola:

But how about diverse and wide acceptance?

On eBay
Amazon
AliExpress
Netflix
Wish etc?

1 Like

Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by 1stola: 5:59pm On Apr 20, 2020
stephen2016:
I mentioned freelancers. Its been hard for freelancers getting their money locally. And by the way I think you can always spend your money on these shop using payoneer card. All you need to do is to link it to your paypal account.

I thought you presented the Payoneer as alternative to PayPal?
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Virgo01(m): 6:28pm On Apr 20, 2020
stephen2016:
The recent addition of the withdrawal to local bank will see a significant increase in registration from Nigerian ecom businesses and freelancers. I think it is also going to steal of some profits from online buyers who bought dollars very low from freelancers because there was no way they could withdraw the money to their local bank accounts.

This is a welcome development and I hope Nigerians don't abuse it.

How is your experience so far. Have you tried withdrawing your money from Payoneer to your Nigerian Bank account, if yes, what was the exchange rate ?
I've been using Payoneer to withdraw my funds for quite a while now. They're good and what is best is that GTB does not even deduct anything from the money and I they convert at cool rates. #360/$ as at last month
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by stagger: 6:34pm On Apr 20, 2020
Virgo01:

I've been using Payoneer to withdraw my funds for quite a while now. They're good and what is best is that GTB does not even deduct anything from the money and I they convert at cool rates. #360/$ as at last month

378 as at today.

2 Likes

Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Unsad(m): 7:35pm On Apr 20, 2020
How do you get your funds on a locked acct on it ? My Payoneer acct was blocked for no reason
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Virgo01(m): 11:07pm On Apr 20, 2020
stagger:


378 as at today.
I can't wait for my next pay grin
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Dalexicographer(m): 12:50am On Apr 21, 2020
Virgo01:

I can't wait for my next pay grin
Swears man.. Me too cheesy

Upwork be dropping me cash grin
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by SoNature(m): 12:54am On Apr 21, 2020
Virgo01:

I've been using Payoneer to withdraw my funds for quite a while now. They're good and what is best is that GTB does not even deduct anything from the money and I they convert at cool rates. #360/$ as at last month

If you still get #360/$ from GTBank for your Payoneer withdrawal, then the bank is cheating you. FirstBank gives me up to #387/$.

It is even interesting that I usually calculate it with the #360/$ benchmark to know what to expect but get something much bigger than my expectation.

More importantly, I get my funds in Naira in less than 24 hours from the time the Payoneer-to-FBN transaction was initiated.

Stephen2016, being able to withdraw to our local accounts was one of the best things that happened to Nigeria's freelancing community, and I don't see how Nigerians can abuse it.

No more local exchangers buying my hard-earned money for #345/$.

3 Likes

Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Kvngfrosh(m): 3:00am On Apr 21, 2020
Dalexicographer:
Swears man.. Me too cheesy

Upwork be dropping me cash grin
Gm bruh can you tell me what skill you do on Upwork that brings in cash
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Virgo01(m): 7:55am On Apr 21, 2020
SoNature:


If you still get #360/$ from GTBank for your Payoneer withdrawal, then the bank is cheating you. FirstBank gives me up to $387/$.

It is even interesting that I usually calculate it with the #360/$ benchmark to know what to expect but get something much bigger than my expectation.

More importantly, I get my funds in Naira in less than 24 hours from the time the Payoneer-to-FBN transaction was initiated.

Stephen2016, being able to withdraw to our local accounts was one of the best things that happened to Nigeria's freelancing community, and I don't see how Nigerians can abuse it.

No more local exchangers buying my hard-earned money for #345/$.
I have not initiated any withdrawal for more than a month now. When did First Bank start giving you up to #387/$?
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Virgo01(m): 7:59am On Apr 21, 2020
Dalexicographer:
Swears man.. Me too cheesy
O
Upwork be dropping me cash grin
That's the way man.
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by rolly44: 8:06am On Apr 21, 2020
Ok
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by twosquare(m): 8:07am On Apr 21, 2020
Fintechs giving PayPal a run: Stripe, TransferWise, Payoneer...

1 Like

Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Dalexicographer(m): 4:10pm On Apr 21, 2020
Kvngfrosh:

Gm bruh can you tell me what skill you do on Upwork that brings in cash
Graphics designing and Animation..

I can teach you animation for 2k..
I've left freelancing for a while.. I'm focused on high income skills cool
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Dalexicographer(m): 4:11pm On Apr 21, 2020
Virgo01:

That's the way man.
I sell my graphics and animation skills, what about you? grin
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Virgo01(m): 5:09pm On Apr 21, 2020
Dalexicographer:
I sell my graphics and animation skills, what about you? grin
I don't freelance. I do Kdp.
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by zakas: 5:57pm On Apr 21, 2020
Dalexicographer:
Graphics designing and Animation..

I can teach you animation for 2k..
I've left freelancing for a while.. I'm focused on high income skills cool
I'm interested in learning these your skills. How can i get in touch with u?
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Dalexicographer(m): 9:20pm On Apr 21, 2020
Virgo01:

I don't freelance. I do Kdp.
Okay... Just keep the baq tight smiley
Re: How Payoneer Is Giving Paypal A Run For Their Money In Nigeria by Dalexicographer(m): 9:21pm On Apr 21, 2020
zakas:

I'm interested in learning these your skills. How can i get in touch with u?
Contact me via signature... My link is down below this message.. Or mail me via my profile

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