Payoneer and Towah are compared on various functionality and cost metrics for loading and withdrawing funds from prepaid cards. Some key differences are: - Payoneer has an easier online card application process while Towah requires uploading documents. Payoneer also has faster card approval. - Payoneer has no limits on daily loads, balances, or withdrawals while Towah has lower limits. - Payoneer card issuance, loads, ATM withdrawals, balance inquiries and customer service calls are free or lower cost while Towah charges fees for these services. - In a case study comparing loading €2000 and withdrawing €1000, Payoneer saves over $65 and 2 days of waiting

1. COMPARISON of Payoneer vs. Towah
Functionality
Payoneer Towah
Card application EASY and 100%
online: Just enter in HASSLE: Must upload scanned ID
any gov’t issued ID and proof of residential address
data
Card approval waiting time 2 business days 3-5 business days
Commission payments Instant with email Must log in to e-wallet to load
notification
Maximum daily load No limit € 500 ≈ $687
Maximum daily card balance No limit €6000 ≈ $8240
Maximum daily ATM/teller $2500 ≈ €1819 €1500 ≈ $2061
withdrawal
Maximum daily on/offline POS $2500 ≈ €1819 ?
General Costs
Payoneer Towah Difference (in USD)
Card issuance Payoneer saves
- US $14.95 ≈ €10.87 €39.90 ≈ $55 $35-$40 ≈ €25-€29
- International $19.95 ≈ €14.51
Card load $2 ≈ €1.45 2.5% of load On €500 load =
$5 ≈ €3.63 amount Payoneer saves
(Instant load) $10.50 ≈ €7.65
ATM withdrawal On €500 withdrawal –
2.8% of withdrawal Towah ATM costs $14
$3.50 ≈ €2.55 amount ≈ €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 ≈ Towah saves $2-$4 ≈
€2.90 based on €1.45 - €2.90
transaction activity, None (based on transaction
no fee when 0 activity at Payoneer, no
balance fee when 0 balance)
Inactivity Fee None €10 Payoneer saves
€10 ≈ $13.75
IVR Balance Inquiry FREE €0.15 Payoneer saves
€0.15 ≈ $0.20
Customer Service Call FREE €0.50 Payoneer saves
€0.50 ≈ $0.68
Administration Fee FREE €15 Payoneer saves
€15 ≈ $20.61

2. 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 2.5% of load amount,
(2 business days) maximum daily Payoneer saves
$5 ≈ €3.63 load is €500. $65 ≈ €47.25
(Instant load) Requires 4 loads over and 2 days
4 days = €12.50 * 4
= €50 ≈ $67
ATM withdrawal of On €1000 withdrawal –
€1000 2.8% of withdrawal Towah ATM costs
$3.50 ≈ €2.55 amount $28 ≈ €20.36.
Minimum
€4 ≈ $5.49 Payoneer saves
$21 ≈ €15.2