Crypto friendly USD bank account to take money out of Payoneer

[Luciano Santos]

Hello.

I am currently receiving payment for IT services on Payoneer. The income is declared as a corporate income in my country. The problem I have, though is withdrawing funds from Payoneer. Transfering funds to my country means losing 2% in fees and exchange rates.

What I am looking at is a bank account in USD that I can send my Payoneer funds to. When the account is in USD, there is only flat-fee for the withdraw, so no 2%.

Plus I need this account to be crypto friendly, so I can send funds to Bitfinex for instance without major efforts.

One thing to note although - if the account is setup in a EU zone country, even if the account is in USD, Payoneer will force me to register it as EU. So I will pay USD-EU-USD conversions for sure.

Any thoughts?

 

[negon]

You want to find an agent service that can help you with the account opening in the USA! I have read a few users here from the forum that mention it's possible and even one that say he can help with the account opening, I can't remember who it was.

 

[Luciano Santos]

USA is not very friendly with Payoneer, unfortunately. They require you to prove residence there. :-/

 

[Milky Moon]

Luciano Santos said:
Hello.

I am currently receiving payment for IT services on Payoneer. The income is declared as a corporate income in my country. The problem I have, though is withdrawing funds from Payoneer. Transfering funds to my country means losing 2% in fees and exchange rates.

What I am looking at is a bank account in USD that I can send my Payoneer funds to. When the account is in USD, there is only flat-fee for the withdraw, so no 2%.

Plus I need this account to be crypto friendly, so I can send funds to Bitfinex for instance without major efforts.

One thing to note although - if the account is setup in a EU zone country, even if the account is in USD, Payoneer will force me to register it as EU. So I will pay USD-EU-USD conversions for sure.

Any thoughts?
Click to expand...

Both Revolut and TransferWise have personalised US accounts that can be used to receive/send money. (TW does not allow crypto)

 

[Martin Everson]

Luciano Santos said:
Plus I need this account to be crypto friendly, so I can send funds to Bitfinex for instance without major efforts.
Click to expand...

Your making your options very limited by seeking this.

Don't mix your income account with your crypto account. You could end up in a situation where your provider may choose to ban crypto transactions overnight and you will also lose your income account at same time if it happens.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[diablo]

Martin Everson said:
Your making your options very limited by seeking this.

Don't mix your income account with your crypto account. You could end up in a situation where your provider may choose to ban crypto transactions overnight and you will also lose your income account at same time if it happens.
Click to expand...

agree very much with this post!

 

[Yasar]

auric said:
You want to find an agent service that can help you with the account opening in the USA! I have read a few users here from the forum that mention it's possible and even one that say he can help with the account opening, I can't remember who it was.
Click to expand...

You don't need any US bank account. according to PayoneerHow.com, Payoneer is offering a Global Payment Service in which you'll be given a US Bank Account. Even though, I'm not sure if it can only be used for receiving payments.

 

[negon]

I will have to ask them if they can open a real US Bank account for regular use! I believe it is for Payoneer use only.