What is the exchange rate calculator for Payoneer?
Payoneer is a financial services company that provides online money transfer, digital payment services, and provides customers with working capital. The exchange rate calculator for Payoneer is not a separate tool, but rather a part of their overall service. When you make a transaction or convert currency in your Payoneer account, the exchange rate is calculated automatically. The rate is based on the mid-market rate, which is the average of the buy and sell rates for the currency in the global market. However, Payoneer also charges a conversion fee, which can be up to 2% above the mid-market rate. Therefore, the effective exchange rate you receive may be lower than the mid-market rate. It’s important to take this into account when calculating the cost of your transactions.