It’s not entirely true. Moneybookers has card as well and Payoneer card is no magic. It’s a standard Mastercard and could be used worldwide where Mastercard is accepted. Just like any Mastercard issued from your local Bank. However it’s a bit hard to keep track on Payoneer commissions so I would suggest you to use it only to withdraw money not as regular card.
But I got your point.
Amazing explanation Nissim. Thanks. And yes one more question, can you please give an example about those 3%. What do you mean conversion rates up to above 3% I mean I really don’t understand how the fee is applied. When the conversion is done if i earn in USD and i want to withdraw at atm in LTL?
You can never really calculate the specific exchange rate. I used their card long time before I started to use their global bank transfer. I did calculation like this:
The ATM limit for single withdrawal was 500Ls ~1000$
- i wrote down my payoneer banace
- went to the ATm and took out the 500Ls
- then noted my new balance and did the calculation 500ls / (old balance-new balance) = exchange rate
- exchange rate * new balance = how much money I can still take out in local currency
Here is my currency calculator in Excel
This is important because they charge commission every time you request a payout through ATM. Even if there are not enough funds the request still cost you. So it’s important to know exactly how much funds you have left to avoid those unnecessary commissions.
However from my experience I can say that their global bank transfer is much cheaper and quicker. Only good thing for the card could be if you don’t want that money to appear in your bank statement and therefore try to avoid taxes, but if government will perform a full check on you – they will find those payments coming from card anyway. So register a company, link up your company’s bank account with the Payoneer and all payments will come straight into your company giving you a chance to pay the taxes easily.
The item must NOT include any brand names, logos or trademarks. – For example you cannot use an Apple or McDonalds logo, even if you have recreated it, photographed it, or altered it. You cannot use a photo of a watch if the brand name of the watch is legible. Only exception is social media icons. Currently no other brandnames/trademars are allowed.
You need to link your bank account with Payoner. You do that on Payoneer not on Envato side. There must be a link on your Payoneer profile where you can do that or contact their support if you don’t find it. Then all you have to do here is order a withdrawal to Payoneer and all funds will go to your bank account with only 15$ commissions taken by Payoneer.
Q: Is exclusivity based on the author or the individual file? Meaning, could I sell one file here and sell a completely different one on my own site?
A: Exclusivity is on a per file basis so yes, as long as the files are completely different, you could sell one here and one on your site.
Totally not related to topic. Is it safe to install Magic lantern on my Canon? Could anything possibly goes wrong?
You don’t really install anything. You just create a bootable memory card. When you use that card your camera is running ML, when you swap the cards the camera is back to normal. If something goes wrong. Simply remove the battery to reset the camera and that’s it.