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Dakar 2017
Home / For Clients / Deposit / Withdrawal / RoboForex Payoneer Prepaid MasterCard
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RoboForex Payoneer Prepaid MasterCard

Payoneer Prepaid MasterCard — is a convenient payment card, based on the MasterCard system, which means that the card can be used to pay for good/services in supermarkets/organizations and to withdraw cash from ATMs all over the world. However, the main advantage is that the card is an easy and convenient “key” to your trading account: you can deposit your trading account or withdraw funds from it, keep or spend the money you made.

Payoneer is the company, which issues and distributes Payoneer Prepaid MasterCard. The Company’s business and financial partner is the American Account Choice Bank Limited. The Payoneer Company has been in the market since 2005 and today it is one of the leaders in the field of prepaid financial solutions. The Company’s headquarters is in New York, the USA.

RoboForex, being one of the partners of the Payoneer Company, is offering its clients favorable conditions how to issue and use the card, as well as how to attach it to your trading account.

Card issuance terms and conditions

How to order and activate the card

Order and activation of Payoneer Prepaid MasterCard

To order RoboForex Payoneer Prepaid MasterCard, you need to fill in the application form. Your application will be processed within 12 – 35 business days and then you will receive the card by post. Upon the receipt of the card, you activate it online.

Two standard programs with special conditions have been developed for the clients of RoboForex financial group:

Level Total deposit Card issue Commission
Standard < 500 USD 15.95 USD 2-5 USD
Silver > 500 USD free 2-5 USD
Fees for issuance of the card are $15.95; they will be charged after the card is activated at the time of the first deposit. Pay attention, that in some countries ("AML restricted" countries), fees differ from those mentioned above and equal $24.95.

List of "AML restricted" countries

 

Albania, Angola. Belarus, Bosnia and Herzegovina, Cote d'Ivoire, Congo, Ecuador, Ethiopia, Iraq, Kosovo, Liberia, Lebanon, Macedonia, Montenegro, Pakistan, São Tomé and Príncipe, Serbia, Somalia, Turkmenistan, Zimbabwe. Unfortunately, the Payoneer Company doesn't serve client from the following countries as well: Iran, India.
Note: you can order an online card for making payments over the Internet; it has the same advantages as the usual card when it comes to managing your RoboForex trading account. Fees for issuance and activation is $3.95.

Fees for servicing of RoboForex Payoneer Prepaid MasterCard

The commission for servicing of RoboForex Payoneer Prepaid MasterCard is charged monthly and depends on how often the card is used. If you make less than 4 transactions a month, the commission is $3, if 4 transactions or more - $1. Any account activity, such as depositing/withdrawal, payment for goods and services, money transfer from one card to another, is considered to be a transaction.

Additional commission is charged for depositing funds to the card. The size of the commission depends on the urgency of your transaction. If you want your transaction to be made within 2 hours, the commission will be $5. If the transaction is made within two business days, the commission will be $2.

When you withdraw funds from your card using ATM, the commission is $3.15. When you use your card to pay for goods and services, no commission is charged.

According to service conditions, when your card balance hits zero, no commission will be charged and the balance will not go below zero.

Instructions how to deposit trading account via Payoneer Prepaid MasterCard
Instructions how to withdraw funds from trading account using Payoneer Prepaid MasterCard

Limitations and restrictions

The total amount of funds on the card can’t exceed $10,000. Intraday limit for withdrawals and payments is $5,000. The limit is divided into two equal parts, which means that you can withdraw no more than $2,500 a day using ATM or bank’s cash department, and you can spend no more than $2,500 a day paying for goods and services.

Advantages of Payoneer Prepaid MasterCard for RoboForex clients:

  • funds are credited to your card very quickly (within 2 hours after your application for withdrawal is approved);

  • check your account balance and transaction history online 24/7;

  • withdraw cash in ATMs all over the world;

  • use your card for payments in any place where MasterCard cards are accepted, including the Internet;

  • deposit your card from any other VISA or MasterCard card.
Order Payoneer Prepaid MasterCard