Interesting news, I will have to follow through to se if it's for the better or not.
Up to now the system has gone pretty smooth for payouts so Payoneer has big shoes to fill.
- Topic Starter MapleDots
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Interesting news, I will have to follow through to se if it's for the better or not.
Up to now the system has gone pretty smooth for payouts so Payoneer has big shoes to fill.
The big question for me here is....
I use Dan because of the ease of Payout, if it's now exclusively with Payoneer why don't I just make a Payoneer account and use my own landers to save money.
I'm going to have to check what the payoneer costs are and report back.
I use Dan because of the ease of Payout, if it's now exclusively with Payoneer why don't I just make a Payoneer account and use my own landers to save money.
I'm going to have to check what the payoneer costs are and report back.
So I just signed up and Payoneer wants 2% to convert from CAD to USD
Is that on top of the 9% Dan already charges and then the 1% discount they give on top to the client for using bank transfer?
That moves it from 9 to 12%
I knew this would not be good news!!
Is that on top of the 9% Dan already charges and then the 1% discount they give on top to the client for using bank transfer?
That moves it from 9 to 12%
I knew this would not be good news!!
theinvestor
DNC.ca
Is there an option to keep funds in USD?
Huge issue here.... Dan just announced the email should not have said it is mandatory and once hooked in there is no way to disconnect from Payoneer
I just signed up and I want to switch back to the old Dan system, there is no way I am paying another 2%, some of my domains sell for so much money that 2% extra conversion is a huge chunk. I had no such conversion fee with direct deposit from Dan.
I just signed up and I want to switch back to the old Dan system, there is no way I am paying another 2%, some of my domains sell for so much money that 2% extra conversion is a huge chunk. I had no such conversion fee with direct deposit from Dan.
Since this affects everyone using Dan.com
I set up a topic on NamePost.com
https://namepost.com/threads/dan-com-switches-payments-to-payoneer.286/
I set up a topic on NamePost.com
https://namepost.com/threads/dan-com-switches-payments-to-payoneer.286/
Hard to say for sure but it looks like there is another hidden 2% fee here on top of the 2% conversion fee they told me about when I signed up.
I just sent a chat to dan asking this to be disconnected, lets see if I can reverse this crap or bye bye dan.
There should be a simple toggle switch to turn off Payoneer but it is on only, there is no manual off once you hook in.
Received from Dan
Looks like they are back pedaling this already
Looks like they are back pedaling this already
theinvestor
DNC.ca
Makes no sense….email clearly states bank payout won’t be handled by them.
So right now the toggle switch is permanent and cannot be turned off.
I will post an image when that changes
This wasn't no mistake. They tried to force it and got so much backlash and now they backpedalling.
theinvestor
DNC.ca
This is why I was hesitant on even using them. I like to handle my own transactions. At least you have full control.
Seems like Dan is having a day!!!
DomainRecap
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I was just going to post about this BS.
I knew Dan would screw users over the long-term, as they tend to make arbitrary decisions without any consultation, and are a bunch of tech-heads with zero financial wherewithal.
This Friday Morning BAM! of "Hey screwheads! We just signed a sweetheart deal with Paynoneer! That means no more Bank Transfers and more delays, refunds, issues and best of all, FEES, which we get a juicy cut, of course."
I cannot believe a company I deal with would issue such an insane ultimatum of "Payoneer or Else!" on a Friday morning, and then automatically lock "disable bank transfers" in settings, so you can't get paid unless you create a Payoneer account (which Dan also gets a fee on).
And Payoneer is NOT a "Bank Transfer System" they are a Paypal-competitor for online money management, so Dan is outright lying about what is really going on.
Dan is a pack of greedy little buggers and I never trust greedy little buggers.
I knew Dan would screw users over the long-term, as they tend to make arbitrary decisions without any consultation, and are a bunch of tech-heads with zero financial wherewithal.
This Friday Morning BAM! of "Hey screwheads! We just signed a sweetheart deal with Paynoneer! That means no more Bank Transfers and more delays, refunds, issues and best of all, FEES, which we get a juicy cut, of course."
I cannot believe a company I deal with would issue such an insane ultimatum of "Payoneer or Else!" on a Friday morning, and then automatically lock "disable bank transfers" in settings, so you can't get paid unless you create a Payoneer account (which Dan also gets a fee on).
And Payoneer is NOT a "Bank Transfer System" they are a Paypal-competitor for online money management, so Dan is outright lying about what is really going on.
Dan is a pack of greedy little buggers and I never trust greedy little buggers.
theinvestor
DNC.ca
It’s time to give a big FU to dan….it’s time for [notify]MapleDots[/notify] to start a new domain platform. 
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MapleDots said:
And there is also no way to Enable Bank Transfers (see image above) if you don't have a Payoneer account on Dan.
Response from DAN
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I love the old "there are no withdrawal fees, only currency conversion fees" part LOL
Well DUH! That's what all these services (like Paypal) do, promote a "no withdrawal or deposit fees" policy while absolutely gouging you on the exchange rate.
Paypal and Payoneer take about 4% of CAD off the "mid-market rate" on USD, which is an already-low rate that cuts maybe 2% off the top of what a bank would give you.
Well DUH! That's what all these services (like Paypal) do, promote a "no withdrawal or deposit fees" policy while absolutely gouging you on the exchange rate.
Paypal and Payoneer take about 4% of CAD off the "mid-market rate" on USD, which is an already-low rate that cuts maybe 2% off the top of what a bank would give you.
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