COMPARISON of Payoneer vs. Towah

Functionality

Payoneer TowahCard application EASY and 100%

online: Just enter in any gov’t issued ID

data

HASSLE: Must upload scanned ID and proof of residential address

Card approval waiting time 2 business days 3-5 business daysCommission payments Instant with email

notificationMust log in to e-wallet to load

Maximum daily load No limit € 500 ≈ $687Maximum daily card balance No limit €6000 ≈ $8240Maximum daily ATM/teller withdrawal

$2500 ≈ €1819 €1500 ≈ $2061

Maximum daily on/offline POS $2500 ≈ €1819 ?

General Costs

Payoneer Towah Difference (in USD)Card issuance - US - International

$14.95 ≈ €10.87$19.95 ≈ €14.51

€39.90 ≈ $55Payoneer saves

$35-$40 ≈ €25-€29

Card load $2 ≈ €1.45$5 ≈ €3.63

(Instant load)

2.5% of load amount

On €500 load = Payoneer saves$10.50 ≈ €7.65

ATM withdrawal

$3.50 ≈ €2.55 2.8% of withdrawal

amount

On €500 withdrawal – Towah ATM costs $14

≈ €10.18. Payoneer saves $10.50 ≈ €7.6

ATM Decline $1.00 ≈ €0.73 €1 = $1.37 Payoneer saves €0.27 ≈ $0.37

Monthly Fee $2 ≈ €1.45 or $4 ≈ €2.90 based on

transaction activity, no fee when 0

balance

None

Towah saves $2-$4 ≈ €1.45 - €2.90

(based on transaction activity at Payoneer, no

fee when 0 balance)Inactivity Fee None €10 Payoneer saves

€10 ≈ $13.75IVR Balance Inquiry FREE €0.15 Payoneer saves

€0.15 ≈ $0.20Customer Service Call FREE €0.50 Payoneer saves

€0.50 ≈ $0.68Administration Fee FREE €15 Payoneer saves

€15 ≈ $20.61

Case Study:Costs for Loading €2000 into card and withdrawing cash at an ATM

Payoneer Towah Difference (in USD)Card load of €2000 $2 ≈ €1.45

(2 business days) $5 ≈ €3.63 (Instant load)

2.5% of load amount, maximum dailyload is €500.

Requires 4 loads over 4 days = €12.50 * 4

= €50 ≈ $67

Payoneer saves$65 ≈ €47.25

and 2 days

ATM withdrawal of €1000

$3.50 ≈ €2.55

2.8% of withdrawal

amountMinimum€4 ≈ $5.49

On €1000 withdrawal – Towah ATM costs

$28 ≈ €20.36.

Payoneer saves $21 ≈ €15.2