Incentives: The Payoneer Fee Assistance Bonus

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Aleksandra

Last Update för 3 månader sedan

We know that transaction fees are a standard part of doing business as an independent professional. To reward our most active partners, we offer a special bonus designed to cover the Payoneer withdrawal fee when you transfer your earnings to your local bank account.


➡️How to Qualify


It's simple. To be eligible for the Fee Assistance Bonus in a given pay cycle, you need to have:

  • 100 or more conducted slots within that cycle. (As always, yoser No-Shows for which you are paid count as conducted slots).

The Reward: We Cover the Fee!

If you meet the 100-slot target, Yo! will add a bonus on top of your total invoice amount. This bonus is calculated to cover the assumed 3% Payoneer withdrawal fee, ensuring the value on your invoice is the value that lands in your bank account.


➡️How it Works: A Quick Example


Our goal is to ensure the full amount on your invoice is what you receive. To do this, we "gross-up" your payment to account for the fee.

Let's say your total invoice amount for a pay cycle is $150.00 USD.

  1. We calculate the grossed-up total needed. The formula is: Total Invoice Amount / 0.97 (assuming a 3% fee).

  2. So, $150.00 / 0.97 = $154.64 USD. This will be your total payment from Yo! for that cycle.

  3. The "Fee Assistance Bonus" in this case is $4.64.


When you withdraw the $154.64, Payoneer will deduct their fee, and you should receive the full $150.00 from your original invoice.


Please note: This calculation assumes Payoneer's fee is exactly 3%. As their fee is based on a variable conversion rate and can be "up to 3%", the final amount you receive may have a tiny variation. This bonus is our best-effort way to cover that cost for you.


➡️More Info on Payoneer Fees


Payoneer's fees can change, and the exact rate is shown to you during the withdrawal process. For the most up-to-date general information, you can always check Payoneer's official Pricing Page and their Help Center.


➡️Eligibility Requirement


Please remember, as detailed in our Performance Metrics: Your Overall Reliability policy, maintaining a low Overall Cancellation Rate is key. To be eligible for this bonus, your Overall Cancellation Rate for the pay cycle must not be above 3%.

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