How to pay a Chinese supplier through Payoneer
23 NovSome of the time, you may need me to pay the Chinese supplier. You can use Payoneer to pay me first, and then I will withdraw USD to RMB.
How to pay me through Payoneer?
If you have Payoneer balance(Total fee is 2%）You can pay me directly using Payoneer "Make a Payment" service.
How much are the fees?To send me the US dollars, the fees are free for you. But Payoneer will still charge 2% to withdraw from USD to RMB in my bank account.
How long will it take?It will take several hours until I receive the USD in my account. And it will still take 2 business days to withdraw to RMB.
If you don't have Payoneer balance(Total fee is 3% to 5%)I will send you a request payment. For that reason, I will need the information from you first.
How to pay?1. Pay as an individual
How much are the fees?There are two parts of the fees.
- When you send me $100 in this case, it will arrive in my Payoneer $97(3% for all countries, 1% for the US)
- Payoneer will charge me 2% to withdraw USD to my RMB bank account. So now I only receive $95
How long will it take?
- After you paid the invoice, it will take 2 work days to arrive in my bank account.
- After it arrives in my Payoneer account, it will 2 work days to exchange from USD to RMB.