In Argentina, you can withdraw money from Payoneer to a bank account in ARS or USD, use supported digital wallets, or transfer your funds to another account. Payoneer currently reports fees ranging from 2.9% to 5%, depending on the withdrawal method. You can also receive your funds in Wallbit and keep them in dollars or withdraw pesos whenever you need them.
Key takeaways
- Payoneer allows you to withdraw funds directly to Argentine bank accounts in both dollars and pesos.
- Fees vary by method and can exceed 2%.
- Wallbit lets you receive dollars from Payoneer and manage them through a global account.
- You can receive transfers directly into Wallbit from other sources at $0 cost. See the comparison between both options.
How do I withdraw funds from Payoneer?
Payoneer offers several ways to withdraw your available balance in Argentina. The most straightforward option is to transfer the funds to a bank account in your name.
To withdraw money to an Argentine bank account:
- Log in to your Payoneer account.
- Select Withdraw and Convert.
- Choose Withdraw funds to my bank.
- Select a linked bank account or add a new one.
- Choose the balance and amount you want to withdraw.
- Review the fee, exchange rate, and final amount.
- Confirm the transfer.
Payoneer also allows you to set up automatic withdrawals in regions where this feature is available.
Can I withdraw pesos from Payoneer in Argentina?
Yes. Payoneer allows you to transfer funds directly to an Argentine bank account in Argentine pesos (ARS).
Withdrawals can be credited in approximately 48 hours. To use this option, you need to set up an ARS bank account within Payoneer.
This can be convenient if you need pesos directly in your bank account. However, before confirming the transaction, it is worth comparing:
- the exchange rate
- the total cost of the transaction
If you need to withdraw your Payoneer balance in Argentine pesos, you have several options. The best one will depend on the fees, processing time, and exchange rate.
The table below compares five real methods for converting your Payoneer dollars into pesos in your bank account, based on the different factors involved in the transaction, for an amount of USD 1,000.
Why Wallbit stands out: There are no Payoneer or platform fees. Your money arrives within minutes without forced currency conversion. Once your funds are in your global account, you can convert them to pesos when the exchange rate works for you. It is the most cost-effective option for people who want full control over their withdrawals.
How do I withdraw dollars from Payoneer in Argentina?
Payoneer states that users in Argentina can withdraw funds in USD to a bank account in their own name. Receiving dollars may be subject to requirements and documentation requested by the Argentine bank.
Before initiating the transfer, check with your bank to confirm what documentation is required to credit funds received from abroad.
If your priority is to keep your money in dollars, you can withdraw it directly from Payoneer to an Argentine USD bank account. Payoneer charges a fee of up to 2% for these withdrawals.
Another option is to send your funds from Payoneer to Wallbit. Wallbit does not charge a fee for receiving deposits of any kind.
Through Wallbit, you can keep your funds in dollars, invest them in U.S. assets, or withdraw them to an Argentine USD savings account in your name.
How much does it cost to receive Payoneer dollars in my bank account?
Here we compare five ways to transfer dollars from Payoneer to your local bank account, based on fees and the different factors involved in the transaction for an amount of USD 1,000.
Why Wallbit is the most efficient option: You receive your dollars with no fee in minutes. You don't have to rely on your bank to process the transaction.
From your global account, you can spend, invest, or convert your funds to pesos as needed. It is a flexible alternative for people who earn in dollars and want to keep their money in that currency without unnecessary friction.
Wallbit withdrawals to Argentine USD accounts are available 24/7 and can take up to 30 minutes to process. For peso withdrawals, USD is automatically converted to ARS when you withdraw.
How do I receive my Payoneer balance in Wallbit?
Yes. Wallbit accepts dollar deposits from Payoneer and other digital platforms. You can use your Wallbit U.S. account details to request a withdrawal from Payoneer.
The process is:
- Log in to Wallbit and view your U.S. account details.
- In Payoneer, select Withdraw funds to my bank.
- Add your Wallbit account details.
- Wait for the bank account to be approved.
- Select Wallbit as the destination and confirm the withdrawal.
Payoneer may take between 30 minutes and 3 days to approve a newly linked bank account.
Once the funds arrive, you can keep your dollars in Wallbit to spend, save, or invest internationally. You can also withdraw pesos instantly to your local account or bank at a competitive exchange rate.
The advantage of using Wallbit for this route is that you can receive your dollars first and decide later when to convert them to pesos.
Which option is best for withdrawing money from Payoneer?
The best option depends on what you want to do with your funds.
If you need pesos immediately, withdrawing directly from Payoneer may be simpler. Before confirming the transaction, compare the fee and the effective exchange rate.
If you want to keep your money in dollars, you can withdraw directly to a USD bank account or use Wallbit as a global account in between.
If you don't know when you'll need pesos, receiving your funds in Wallbit first allows you to keep them in dollars and decide later when to convert them.
In every case, compare the net amount you will actually receive, not just the published fee.
Conclusion
Withdrawing money from Payoneer in Argentina does not necessarily mean converting your dollars into pesos. You can choose between different options depending on the currency you need, the cost, and how you want to manage your funds.
