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chandanlive says

Hi,

For local bank transfers to India, we now charge only $2.99 per transfer. In addition, we convert funds from USD to INR using rates of only 2.75% above the official mid-market rate.

As a local bank transfer, we send funds from a local bank in India, in INR. This is very quick and generally arrives within 1-3 business days.

If I want to transfer $200 to my local bank account in India how much Indian Inr I will receive in my local bank account?

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hostlin says

If I want to transfer $200 to my local bank account in India how much Indian Inr I will receive in my local bank account?

11000 to 12000 ;) nearly

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chandanlive says


If I want to transfer $200 to my local bank account in India how much Indian Inr I will receive in my local bank account?

Ok but how much Payoneer will deduct?

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Nissim_Payoneer says

If you choose the Payoneer Global Bank Transfer Service, we charge $3.00 for each transfer to your bank account in your local currency (in this case INR).

We convert funds from USD to INR using rates of up to 2.75% above the official mid-market rate at the time of transfer. You can estimate mid-market rates using websites such as XE.com.

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chandanlive says

If you choose the Payoneer Global Bank Transfer Service, we charge $3.00 for each transfer to your bank account in your local currency (in this case INR). We convert funds from USD to INR using rates of up to 2.75% above the official mid-market rate at the time of transfer. You can estimate mid-market rates using websites such as XE.com.

I have check xe now 1 usd = 60.8079 Current Currency Rate

See my math USD $200 = INR 12161.58 as per xe.com convert funds from USD to INR using rates of up to 2.75% for $200 = $5.5 = INR 334.44 $3.00 for each transfer $3 = INR 182.42 Total money deduct INR 334.44 + INR 182.42 = INR 516.86 Total money value = INR 12161.58 – INR 516.86 (Payoneer deduction) I get money from my local bank account = INR 11644.72

I am right?

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templatin says

@chandanlive – I have shown below the simple math considering $200 withdrawal using Global Bank Transfer.

$200 – $3 = $197 (Final amount in USD, which will be converted to INR using rates of up to 2.75% above the official mid-market rate at the time of transfer)

$1 = 60.8 x 2.75% = INR 59.128

Total = 197 x 59.128 = INR 11648.216.

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chandanlive says

@chandanlive – I have shown below the simple math considering $200 withdrawal using Global Bank Transfer.

$200 – $3 = $197 (Final amount in USD, which will be converted to INR using rates of up to 2.75% above the official mid-market rate at the time of transfer)

$1 = 60.8 x 2.75% = INR 59.128

Total = 197 x 59.128 = INR 11648.216.

Perfect its better then paypal?

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templatin says

I’m using Payoneer for withdrawing my earnings since last year and its 100% better than any other withdrawal options on Envato especially for Indian authors.

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chandanlive says

I’m using Payoneer for withdrawing my earnings since last year and its 100% better than any other withdrawal options on Envato especially for Indian authors.

Very nice thanks for your help :)

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uckhandla says

Hi, templatin

I have a verified PayPal a/c. I want to use PayPal for withdrawing my earnings. What is your opinion?

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