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Payoneer for a UK user withdrawing cash from ATM in British Pounds
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Hi all,

Any UK based Payoneer users who withdraw cash from their cards at an ATM in London? If yes, some feedback would be appreciated.

I got roundabout answers from Payoneer when I asked them. So I was wondering if anyone here is in also UK based, I am in London and using a Payoneer card to withdraw cash from ATM machines. My payoneer card currency is USD so if I withdraw in GBP I will be charged a fee. As yes, I havn't made any withdrawals but i probably will over the next month after i make a few transfers from AW.

Obviously I will want the cash in GBP unless it is cheaper to get it in USD. I will be making withdrawals from Adultwork and was wondering how best to minimise the fees that Mastercard/Payoneer/Currencyconversion will charge me. So my questions are:

1 If I withdraw in London in GBP which would be the best ATM to use centrally? Or which bank?
2. since my payoneeer currency is USD would it be cheaper if I withdraw in dollars from a dollar ATM? But then I'd need to exchange as I don't really need them.
3 Is the fee the same for withdrawals? Or it better to wait for the cash to add up before withdrawing? I suppose I'll be paying conversion charges too at the ATM since I'll be taking GBP
4. I was surprised to see the UK banks option. Do the big four approve of payments from AW? I thought that banks did not allow certain type of businesses for business accounts. And if it is a current account sooner or later they will query where these funds are coming from?
5. is it wise to use payoneer only if you are earning above a certain amount? After the 30% AW cut, and Payoneer fees, and ATM charges, i'll hardly be left with anything it seems!

Thanks in advance.
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Payoneer for a UK user withdrawing cash from ATM in British Pounds - by kookie - 26-12-2014, 23:48



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