The oDesk Debit MasterCard powered by Payoneer


The above picture is the oDesk Prepaid Debit MasterCard that is powered by Payoneer. As you might know already, Payoneer offered a prepaid debit card for every member of its partner company. I got mine from oDesk. Here is my personal experience for using this card and also there is some comparison with Paypal regarding the fees. 🙂

Yesterday, I finally received my oDesk Debit MasterCard. It takes approximately 3 weeks from approval into arrival. FYI, I got my card approved in 4 days after registration and it sended through regular mail. Once it is arrived, I activate the card immediately and withdraw my remaining oDesk balance into the card. I was withdrawing $50 into the card.

The fees itself is quite high. From oDesk, the withdrawal fees is $2. The funds will be loaded to the card in 2 business days or less, but there is a choice for immediate load which cost another $2.5 and it will loaded in less than 2 hours. I choose the second option, so I paid $4.5 for withdrawal, the funds is loaded in less than 10 minutes, which is pretty fast. Then, from the first load, it charged an activation fees for $9.95. Well, it is $14.45 already so the available balance I got in final is $36.55. That is the calculation, when it just loaded, the fees is hidden and it still show $48 balance ($50 minus $2 from oDesk withdrawal fee).

Next, I’m going to find an ATM to trying it out. First, I’m going to BCA ATM, which is available almost everywhere here and it support MasterCard. I insert the card, enter the PIN, and trying to take some cash out. But, unfortunately, it failed, the ATM said it is unable to process the request or so. Okay, I’m trying to find another ATM. Now, I’m in BNI ATM, and as usual I inserted the card, enter the PIN, take some cash out….and yes, it succeed! 🙂 I wonder why BCA didn’t work, since I heard some peoples have succeed with it, but well, whatever. MasterCard ATM is easy to find too.

About the ATM withdrawal, each withdraw will cost $2.15 fee and it will converted to the local currency immediately, but if it is failed, it will cost $0.9 fee.

Here is the details for withdrawing funds from oDesk to the Debit MasterCard.

First time (with immediate load)
oDesk charge                  : $2.00
Immediate load              : $2.50
Activation card               : $9.95
ATM withdrawal charge : $2.15 (each)
Total                            : $16.60 or $14.10 without immediate load

Next time (with immediate load)
oDesk charge                 : $2.00
Immediate load              : $2.50
ATM withdrawal charge : $2.15 (each)
Total                            : $6.65 or $4.15 without immediate load

This hasn’t included local ATM charge (if there is one). And since most ATM here has withdrawal limit to maximum Rp 1,500,000.00 (approximately $150) for each transaction, so if we want to withdraw more than that, we need to withdraw twice and that means, the ATM withdrawal charge will apply twice as well.

How is that compared to Paypal? For the fees, Paypal is definetely costless. The oDesk only charged $1, and withdraw funds from Paypal to local bank is only Rp 16,000.00 (approximately $1.6) for funds lower than Rp 1,500,000.00 and free for funds bigger than that. So it is $2.6 only, compared to $4.15 fees from Payoneer without immediate load. The cons is, while the oDesk to Paypal is instant, but from Paypal to the local bank isn’t, it will need 3-5 days for the funds to be available on the bank. Personally, I haven’t tried withdrawing from Paypal yet, so I can’t decide which is better for now. I will get into more depth when I tried Paypal. 🙂

Oh right, above calculation didn’t include the exchange rate and some fees that might apply to it.

Revision October 21, 2009:
– Payoneer immediate load from oDesk is $2.50 and not $3.00, the article has been corrected and recalculated.

15 comments | Leave a comment

  1. xavier December 20, 2009 23:31

    hello, thanks for the tip, by the way, i’ve read in odesk discussions that we can possibly activate our paypal account by using payoneer card? hope w can discuss this matter to all interested parties so we can compare everything and hopefully save more $$ in our transactions. thanks

  2. Chetan February 3, 2010 16:02

    Hi.. nice information.. but i have one question.. Usually when we recieve money in paypal they charge some amount to us. Is the same when we get money from odesk to our paypal account? say i withdraw $100 from odesk to paypal, odesk charge is $1 but how much paypal charges in this?

    • keaglez February 4, 2010 06:55

      Hi Chetan,

      Paypal didn’t charge from received money. So if you withdraw $100, you’ll get $99, $1 charged by oDesk. But of course, if you want to withdraw money from Paypal to bank account, there is some charge that will apply. It seems to be vary by country though.

  3. Masud Chowdhury March 29, 2010 10:21

    How can I get it ? Pls give me the details process. Pls give me the link so that I can apply for the said card.

  4. keaglez April 1, 2010 03:28


    You will need to be a member of oDesk, http://www.odesk.com.

  5. Fauzie August 3, 2010 12:34

    Bisa nggak ya withdraw paypal pake kartu ini.?

    • keaglez August 3, 2010 12:37

      Sepertinya sih bisa. Cuman kalo aku withdraw paypal biasanya langsung ke bank… 😀

      • Fauzie August 3, 2010 12:42

        Oh, begitu ya..

        Thanks.. hehe 😀

  6. yarfik November 21, 2010 11:26

    Makasih buat sharing artikelnya..
    Kalo g salah payoneer juga ada biaya bulanannya..?
    Sekarang dari odesk bisa langsung ke bank ya? pernah coba..?

  7. Anwar Kabir August 24, 2011 15:07

    I need odesk master card

  8. Deathknight April 20, 2012 19:00

    hello, thnx for the useful infos here. i still have a question. i asked one of my friends frm usa to load my card 20usd, so that i can activate my card. but it wasnt successful. i received a message “rejected by payoneer security dpartment”. why did i gt da msg? i thought anyone can load money to my card…..pls give me a solution. thnx

    • keaglez April 21, 2012 19:12

      Hi Deathknight,

      While I love to help, but unfortunately I can’t. You should contact Payoneer customer service instead, they should be able to help you.

  9. Nilson July 31, 2012 19:26

    Just one word of advice and wisdom:

    Please do check your English spelling and wording: there are so many errors in this text that it really puts one off continuing to read it and for that matter, the rest of this blog as a whole.

    • keaglez August 11, 2012 05:45

      Thank you for your kind advice. I’m indeed not a good writer nor a good English speaker, so pardon my errors. I only could at least try to make it as readable as possible. 🙂

  10. Raul July 17, 2013 17:02

    Hello, I just have completed a withdrawal from oDesk to my Payoneer debit card. So, I was just calculating and it seems like the card activation fee has increased. I withdrew $100.00 from oDesk to my Payoneer account and it warned me that it will coast $2.00. So, ok… then it gave me the option to immediatly load the money for an extra $2.50 fee and so I tried it. It took no more than 2-3 minutes and I received an email informing me that my Prepaid debit MasterCard had been loaded with $98.00. Ok, so the next thing… I went to my payoneer account and I noticed that my card balance was only $82.55.

    SO… here are the details for withdrawing funds from oDesk to the Debit MasterCard:

    First time (with immediate load):
    oDesk charge : $2.00
    Immediate load : $2.50
    Activation card : $12.95
    Total : $17.45 or $14.95 without immediate load + the MasterCard ATM withdrawal charge

    Next time (with immediate load):
    oDesk charge : $2.00
    Immediate load : $2.50
    Total : $4.50 or $2.00 without immediate load + the MasterCard ATM withdrawal charge

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