I think these charges are limited to Barclay Bank’s ATMs since the bank introduced an administration fee for foreign cards used to dispense money from their ATMs. I’m not sure it’s how much but last I left it at KES. 350. Strange though, this is approximately the same amount of money Payoneer would charge you to withdraw money from ATMs.
Otherwise, other ATMs such as KCB’s and CBA’s do not charge the admin fees. So tumetorokea huko.
This is so true. Payoneer is not so user friendly when it comes to P2P. I think they fear fraud. P2P transactions are held for up to 3 days pending an audit before being allowed to access the cash.
There is something that is called affiliate marketing and drop shipping, which is big business at the moment. The problem is sites such as Ebay, Amazon, Target, and Wal-Mart only make payments to affiliate marketers using bank accounts as opposed to services such as Paypal or Skrill and this is where Payoneer comes in handy.
I mean, Payoneer is a jerk of all trades when it comes to issuing international bank accounts; hence, making it easy for foreigners to receive money from abroad.
Also, for freelance sites that allow both Paypal/Skrill and Payoneer, you’ll realize that the majority of users prefer Payoneer because once you get paid by your company, you can pay a convenience fee to access your cash in less than 2 hours.
Given out culture ya kupenda pesa, anyone would choose Payoneer over Paypal for small transactions let’s say of up to 40,000. Even though you are allowed to dispense up to 200,000 a day (several transactions), anything above that won’t be feasible since you might loose a couple of thousands in Forex fees.
So for large transactions PAYPAL to Equity, but for small transactions. 50K or less, Payoneer it is.