There are 2 additional payout methods for payments that were collected through our primary processor:
USA ACH through Payoneer (NEW)
Direct deposit to a U.S. Bank account.
Payout Currency: USD
Fees: HotspotSystem transfers your money there for free, but Payoneer deduct some fees: $5 setup fee and $3 fee per transfer
Local Bank Transfer through Payoneer (NEW)
In some countries you can get your money via LOCAL bank transfer. The difference between this method and international wire transfer is that the incoming wire transfer will be from the same country (so there won't be additional intermediate bank charges and your bank fees will be probably lower than if you get an international wire transfer).
Payout Currency: USD
Fees: HotspotSystem transfers your money there for free, but Payoneer deduct some fees: $5.95 or $9.95 per transfer depending on your country
Click here for additional information about supported countries, and How to Apply info
IMPORTANT NOTE: If you already have a Payoneer Preapaid Mastercard you have to contact us to switch to these methods instead.
Showing posts with label payoneer. Show all posts
Showing posts with label payoneer. Show all posts
Thursday, September 1, 2011
Friday, September 17, 2010
New Payout Schedule
Hope you'll like the next announcement :)By changing our primary payment processor we are now able to pay you out earlier. From this month we will send payments to our operators after the 15th day of the end of the actual month, not later than the 30th day. This means that you will receive your earnings approximately 1 month earlier than before.
The same is true for Paypal payouts.
So for example your earnings from September will be paid out between 15th-30th of October.
You should have received your august PayPal earnings now. If you didn't, please contact us.
Friday, February 26, 2010
Payoneer’s Prepaid Mastercard: Questions and Answers
Following our recent announcement about our new payment option, here are some questions and answers:
How can I change the payout method to Payoneer?
Log in to the Control Center, click on Tools & Settings > Your Profile, select Payoneer Mastercard as your Payout method for Regular Credit Card Payments and DON'T FORGET TO PRESS THE MODIFY button!
How much fee do I have to pay for Hotspotsystem for loading the card?
You don't have to pay any fees for this. It's free!
What is the minimum payment I can get loaded on the card?
It's $100 USD / 75 EUR / 100 AUD / 65 GBP / 700 SEK.
What happens with the card if I don't get a payment from you in every month?
If the balance on the card is $0 for 60 days, it will be deactivated. You can lower the payment limit to $100 to receive frequent payments, or be sure to leave some money on the card (and keep in mind that they will deduct a monthly fee from the balance every month).
Who is Payoneer?
Founded in 2005, Payoneer Inc. provides fully-hosted prepaid MasterCard solutions for organizations that need to remit payments to remote, dispersed populations worldwide. Payoneer's turnkey prepaid card platform enables companies of all sizes to optimize their payments delivery by replacing traditional payment methods with prepaid MasterCard cards and recurring electronic transactions. Payoneer is a registered MSP with MasterCard Worldwide and an approved partner of Meta Payment Systems®, a division of MetaBank. Payoneer is headquartered in New York and maintains its R&D center in Tel Aviv, Israel. Payoneer is privately held with venture funding from Carmel Ventures, Greylock Partners and Crossbar Capital. For more information, please visit: http://www.payoneer.com/aboutUs.aspx
Payoneer recently named Winner in Fourth Annual Paybefore Awards.
How does the Prepaid Mastercard work?
Payoneer's system requires an initial approval from Payoneer. After your application is reviewed and approved, a personalized debit card will be mailed to you. Once received and activated (follow instructions given by them), you can use it like any other Mastercard, to pay directly at merchants or to withdraw from an ATM machine. You can see a video demostration at the end of the post.
What are the fees of Payoneer's Prepaid Mastercard?
If I receive a prepaid MasterCard card, what am I committed to?
Nothing. You can use the card to obtain cash for your funds, use it in stores or online. If you decide to use the card, it can be loaded and used multiple times. Once the money on the card is depleted, and your card has a zero balance for 60 days, the card will automatically be deactivated and you have no further obligations with respect to the card.
What happens to my card if I don't use it?
If the card value is depleted and remains at a zero balance, no monthly maintenance fees are charged until funds are loaded onto the card again.
What foreign exchange (FX) rate is used?
Payoneer's Prepaid Mastercards are USD based. If you charge your customers in EUR, GBP, AUD, NZD or SEK, we will convert this amount to USD before loading your card using our bank's exchange rates.
In a non-USD based ATM or purchase, there will be an other conversion. In this case, Foreign Exchange Conversion rate is computed at the time of the transaction, whether at a retail venue or at an ATM. Conversion rates are calculated based on daily rates adopted by MasterCard (can be up to 2.2% above market rate), any fees applicable by the retail or ATM location and other processing entities.
How does my card work at an ATM?
Your card can be used at any ATM that displays the MasterCard acceptance mark. Withdrawal limits at ATMs may vary. The daily withdrawal limit is generally $1000, but the ATM you choose may be limited to providing a lower amount.
For more FAQ you can visit http://www.payoneer.com/faq.aspx .
How can I change the payout method to Payoneer?
Log in to the Control Center, click on Tools & Settings > Your Profile, select Payoneer Mastercard as your Payout method for Regular Credit Card Payments and DON'T FORGET TO PRESS THE MODIFY button!
How much fee do I have to pay for Hotspotsystem for loading the card?
You don't have to pay any fees for this. It's free!
What is the minimum payment I can get loaded on the card?
It's $100 USD / 75 EUR / 100 AUD / 65 GBP / 700 SEK.
What happens with the card if I don't get a payment from you in every month?
If the balance on the card is $0 for 60 days, it will be deactivated. You can lower the payment limit to $100 to receive frequent payments, or be sure to leave some money on the card (and keep in mind that they will deduct a monthly fee from the balance every month).
Who is Payoneer?
Founded in 2005, Payoneer Inc. provides fully-hosted prepaid MasterCard solutions for organizations that need to remit payments to remote, dispersed populations worldwide. Payoneer's turnkey prepaid card platform enables companies of all sizes to optimize their payments delivery by replacing traditional payment methods with prepaid MasterCard cards and recurring electronic transactions. Payoneer is a registered MSP with MasterCard Worldwide and an approved partner of Meta Payment Systems®, a division of MetaBank. Payoneer is headquartered in New York and maintains its R&D center in Tel Aviv, Israel. Payoneer is privately held with venture funding from Carmel Ventures, Greylock Partners and Crossbar Capital. For more information, please visit: http://www.payoneer.com/aboutUs.aspx
Payoneer recently named Winner in Fourth Annual Paybefore Awards.
How does the Prepaid Mastercard work?
Payoneer's system requires an initial approval from Payoneer. After your application is reviewed and approved, a personalized debit card will be mailed to you. Once received and activated (follow instructions given by them), you can use it like any other Mastercard, to pay directly at merchants or to withdraw from an ATM machine. You can see a video demostration at the end of the post.
What are the fees of Payoneer's Prepaid Mastercard?
If I receive a prepaid MasterCard card, what am I committed to?
Nothing. You can use the card to obtain cash for your funds, use it in stores or online. If you decide to use the card, it can be loaded and used multiple times. Once the money on the card is depleted, and your card has a zero balance for 60 days, the card will automatically be deactivated and you have no further obligations with respect to the card.
What happens to my card if I don't use it?
If the card value is depleted and remains at a zero balance, no monthly maintenance fees are charged until funds are loaded onto the card again.
What foreign exchange (FX) rate is used?
Payoneer's Prepaid Mastercards are USD based. If you charge your customers in EUR, GBP, AUD, NZD or SEK, we will convert this amount to USD before loading your card using our bank's exchange rates.
In a non-USD based ATM or purchase, there will be an other conversion. In this case, Foreign Exchange Conversion rate is computed at the time of the transaction, whether at a retail venue or at an ATM. Conversion rates are calculated based on daily rates adopted by MasterCard (can be up to 2.2% above market rate), any fees applicable by the retail or ATM location and other processing entities.
How does my card work at an ATM?
Your card can be used at any ATM that displays the MasterCard acceptance mark. Withdrawal limits at ATMs may vary. The daily withdrawal limit is generally $1000, but the ATM you choose may be limited to providing a lower amount.
For more FAQ you can visit http://www.payoneer.com/faq.aspx .
Thursday, February 25, 2010
Get your HotspotSystem Payments directly on a Prepaid Mastercard!
HOTSPOTSYSTEM.COM is introducing a new card for our operators to receive their payments. As of today you will be able to register for your own HOTSPOTSYSTEM.COM Prepaid MasterCard®, powered by Payoneer, and receive your HOTSPOTSYSTEM.COM payments directly on the card.Enjoy the benefits of getting paid onto the HOTSPOTSYSTEM.COM Prepaid MasterCard:
- Cards can be used anywhere MasterCard® is accepted – online and in stores
- Withdraw cash in local currency at ATMs around the world
- HOTSPOTSYSTEM.COM payments will be loaded directly onto the card
- HOTSPOTSYSTEM.COM load the card for free! - versus the wire transfer which has a 20 USD fee/transfer
- Online access to view your account, payments, balance and transaction history
- If the card is lost or stolen, a new card with the remaining balance will be issued
Payoneer has stringent regulations for customer privacy and uses top of the line security technology. If you ever have any questions about your card, Payoneer offers customer support by phone, email and live chat. For more information please visit www.payoneer.com .
To request a Prepaid Mastercard you need to do the following:
1. Log in to the Control Center, then click on Tools & Settings > Your Profile.
2. Under „ PAYOUT INFORMATION for Hotspot PRO Locations” click on the Payoneer logo and apply for the card.
3. To receive payments to your Payoneer Master card, click on the „ Payoneer Mastercard” as your Payout method for Regular Credit Card Payments and press the „Modify” button.
Make sure to sign up by March 5th so you can have the card in hand for the first payment that will be made on the middle of March.
Another important note: Payoneers’s Prepaid Mastercard is USD based. Before payments, we will convert the payout amount to USD using our local bank’s rates. Once the money is loaded on the card and you wish to get this money in any other currency than USD, MasterCard will convert the amount to the desired currency.
Payoneer’s Prepaid Mastercard has a one-time setup fee of $9.95 USD, but if you apply for the card before March 5th and you get at least $150 USD payment to the card within 3 months, you will get the $9.95 USD setup fee refunded by Payoneer.
You can see a more detailed information about the fees on the signup page of Payoneer (when you apply for a card).
We are excited to offer you this new card to manage your funds, making HOTSPOTSYSTEM.COM a better place to do business.
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