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What is the Payoneer Global Bank Transfer Service (GBT) and how does it work?

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What is the Payoneer Global Bank Transfer Service (GBT) and how does it work?

The GBT service allows OHT translators to receive payments directly to their local bank account  in more than 200 countries and over 50 currencies: 

• Withdraw funds from your OHT account directly to your local bank account

• Localized in over 80 countries – payments sent from a local bank in your country, in your local currency 

• Easy to use – one time setup of account details

• No maintenance fees                                                                            

Can I select the currency for my bank transfer payment?

Yes, the service supports over 50 currencies. You will be able to choose your currency during the one-time registration process. Foreign exchange conversion rates are determined at the time of transfer, using rates of up to 3% above the official mid-market rates. For a list of available countries and currencies, click here.

Funds are generally available in your bank account within 1-3 business days for local bank transfers, and 1-7 business days for wire transfers.

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