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Understanding Fees and Limits for Payments
Different payment methods on OneForma may have varying fees and limits, so let’s break down how those fees and limits affect you.
Fees and Limits for Each of the Four Main Payment Methods
Bank Card (CNY)
There are no additional fees or limits for using a bank card to receive payments in Chinese Yuan (CNY). Individual income taxes, however, will be withheld for earnings exceeding ¥800 per month.
PayPal (USD)
There is a firm limit of $300 USD for transactions on PayPal each year. If you would like to earn more than $300 USD working with OneForma in a single year, you’ll need to switch to Payoneer.
Payoneer (USD)
There is an annual fee of $29.95 for payments less than $2,000 in a 12-month period. No additional fees will be applied for higher amounts.
Trolley (Localized Payments)
There is a flat fee of $3.50 USD or EUR for local currency payments, regardless of the destination currency. There is also a $25 USD fee to convert payments to USD.
Important Notes
Remember to check with Trolley directly for more accurate and up-to-date information about the fees in your area. Understanding that fee structure is important to avoid unexpected charges.
Wrap-Up
You should now be better suited to make more-informed decisions about your hard-earned cash. Understanding the fees and limits associated with each payment method helps in planning your transactions better.
Need More Help?
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