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| 19:32.49 | olly | stefangsoc: students have tried to collate data in past years, but it seems to be hard to tell because there's not a big difference and the exchange rate has quite a lot of jitter |
| 19:34.03 | stefangsoc | for example, when i go to this link: https://www.payoneer.com/global-bank-transfer/ |
| 19:34.07 | stefangsoc | and select my country |
| 19:34.19 | stefangsoc | i get: Payout in local currency: No |
| 19:34.38 | stefangsoc | my bank account can't receive foreign currencies, only local |
| 19:34.44 | stefangsoc | so i am a bit confused here |
| 19:36.20 | olly | then pick the card |
| 19:36.35 | stefangsoc | do you have any experience with the card |
| 19:36.39 | olly | though you want to use the gsoc-specific payoneer page AIUI |
| 19:36.42 | stefangsoc | i haven't had a card with foreign currency |
| 19:36.56 | olly | no, i've never been a student and they've only just started to use payoneer for orgs |
| 19:37.18 | olly | never been a gsoc student that is |
| 19:38.21 | olly | from what I've heard, card vs bank transfer doesn't make a big difference anyway |
| 19:40.56 | stefangsoc | i can't find any info on how would i use that card |
| 19:41.06 | stefangsoc | and in which currency can i withdraw from it |
| 19:42.04 | stefangsoc | i think foreign currencies can't be withdrawn from ATMs here |
| 19:43.08 | olly | you withdraw (or pay for stuff) in the local currency and it's converted and taken off the card balance |
| 19:43.25 | olly | same as if you have a credit card and use it in another country |
| 19:47.00 | olly | (or mostly at least - some merchants offer to convert charge your card in its own currency rather than letting the credit card company convert, but i'm fairly sure you'll get a worse rate by then the CC would give) |
| 19:47.20 | olly | *convert and charge |
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| 19:59.03 | Robert_S | Always let the bank convert, not the merchant. |
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| 20:16.23 | stefangsoc | Your Payoneer Account Application Has Been Approved! |
| 20:16.25 | stefangsoc | yay |
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