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Payoneer is one of the most efficient options to make this adventure easier.

Payoneer works like a multi-currency bank account and is a virtual transaction platform.

What does this mean?

You can use that Payoneer to have money in several foreign currencies in one account and you will be able to make payments from that account.

You can request a Mastercard Debit Card once you have created your account on this platform. We are going to tell you why this card is different from others.

If you don't have a Payoneer account yet, we'll explain how to request your Mastercard Debit Card.

Signing up on the platform is fairly simple, but you will have to follow our recommendations to make sure everything goes well.

The first thing you have to do is register at www.payoneer.com. You will have a detailed guide for each step until you have everything ready to start trading.

If you link your Payoneer account to any of the work pages that you can find on the internet, you will not receive a rejection email.

If you want to ensure a successful registration, you need to link your partner platforms to your Payoneer account and create an account to record where your income will come from.

Before you can request your Payoneer Card in Argentina, you have to accumulate 100 dollars in favor in the account.

Payoneer began implementing this requirement in order to prevent fraudulent use by users and to be able to maintain its use policies by changing aspects of its business model.

Payoneer offers you the chance to have an account in the currency you need and make balance transfers directly from your account to someone else's without paying commission. Local bank transfers can be made in either euro or dollars.

This possibility allows you to work in a simple and professional way because you can issue invoices and request payments from your clients directly through credit cards, virtual wallets or the means of payment of your choice.

You can use your Payoneer account to do all of the transactions that you would do from a bank account. You will be able to receive transfers and make automatic payments.

The majority of work platforms have agreements with Payoneer, which means you can receive international payments with the lowest commission on the market.

Have you been looking for a way to shop internationally without paying taxes? It seemed impossible. It is very easy with payoneer.

Payments are made from your local bank accounts.

If you pay for international service by this means, you won't have to pay any extra for exchange rates.

You can use your Payoneer Debit Card to manage your balances, and you can sell through Amazon, eBay or the platform that you like best, and have all the payments in any currency.

How can you withdraw your account balance?

Managing cash from foreign accounts in Argentina is more complicated.

If you want to withdraw your balance from an authorized ATM, you should know that it's not recommended because your balance is automatically converted to the official exchange rate.

2.5 dollars will be deducted for use of the ATM and a commission of 3.5% will be added to the value withdrawn. Most of your balance will be lost in the exchange process.

Paytaler is the best way to withdraw Payoneer balance.

People like you who receive payments from abroad and need cash in local currency for daily expenses can use the Argentine platform.

You can withdraw your balance through this platform and convert it into Argentine pesos at the lowest commission rate.

They can take the cash to you personally if you are in Crdoba. This is amazing.

If you haven't tried it yet, we recommend that you know the current quote and be able to make your currency exchanges quickly and safely.

We are going to summarize all the reasons why you should be requesting your Payoneer Card.

It is important to clarify that there are some fees when using your Payoneer Card. We will show you the most common cases in Argentina.

Many operations in euros do not have a cost. Let's look at the rates for the operation you want to perform.

In Payoneer, the commission for operations in dollars is usually more expensive than in euros or any other currency. The following are the most common transactions

You can withdraw the balance of your Payoneer account from your local bank at a rate equal to the official exchange rate. If you want to transfer your balance to a bank account in dollars, the commission is $1.50, and if you have an account in euros, it is 1.50 euros.

The purity of gold has always been one of the greatest concerns for buyers in India. But with the advent of hallmarking by BIS in India, buyers are feeling more confident with their gold purchases. To ensure you are not cheated when purchasing physical gold (gold coins & Jewellery); it is suggested to go for hallmarked gold articles. Not only it ensures purity but also helps you get better resale value if you sell it later.

On this page, we will discuss various terms namely BIS Hallmark Gold, KDM gold and 916 Gold which you will come across at the time of buying gold. Knowing the difference between these three will help you narrow down your choice in gold purity and quality.

The process of certifying the purity and fineness of gold is called hallmarking. If you see BIS hallmark on the gold jewellery/gold coin, it means it conforms to a set of standards laid by the BIS. Hallmarking gives consumers an assurance regarding the purity of the gold they bought. That is, if you are buying hallmarked 18K gold jewellery, it will actually mean that 18/24 parts are gold and rest is alloy.

Bureau of Indian Standards, the National Standards Body of India, is responsible for hallmarking gold as well as silver jewellery under the BIS Act. Here are the four components one must look at the time of buying gold (they are mentioned in the laser engraving of a hallmark seal):

KDM gold is a type of gold alloy where 92 per cent gold and 8 per cent cadmium alloy is mixed; this is where the term KDM gold came from. This mixture was used to attain a high standard of purity in gold. Although it didn’t affect the purity, it caused serious health issues for artisans working with it and due to this; it is now banned by BIS. Now cadmium is replaced with advanced solder metal such as Zinc and other metals.

Also Read : Know How Jewellers Quote Gold Jewellery Rates

In layman terms, it is another name of 22K gold. For e.g. if 22K gold weighs 100 gm, it contains 91.6 gm of pure gold per 100 grams of alloy.

Q1. How is Hallmarking done?

BIS grants license to jewellers and they can get their jewellery hallmarked from any of the BIS recognized assaying and hallmarking centers.

Q2. How can I know the jewellery store I am buying gold from is certified by BIS?

One can know the list of jewellers that are certified and licensed by BIS from the official website of BIS. Apart from that, the list also provides the names and addresses of the jewellers and date till which their license with BIS is valid.

Q3. Why can’t we make 24K gold jewellery?

Pure gold or 24K gold is too soft in nature which makes it difficult to create any jewellery with intricate designs. Hence, most of the people go for 22K gold or BIS 916 gold for making jewellery.

Q4. How does buying hallmark gold jewellery will benefit me?

Hallmark certifies the purity of gold. Since it is the mark of purity, it instills confidence in the mind of the consumer. This means, if you are buying hallmark 18K gold jewellery, it will actually mean that 18/24 parts are gold and rest is alloy which will help you get better resale value at that time.

Q5. Why does the hallmark gold price vary with the normal gold rates in India?

Gold prices slightly vary from city to city in India due to different jewellery associations, transportation cost, etc. However, the main reason for this is hallmarking charges which are added with the gold cost.

Q6. Which is the best gold BIS 916 or KDM?

Given a choice, one should go for BIS 916. In KDM gold jewellery, 92 per cent gold and 8 per cent cadmium alloy is mixed whereas in BIS 916 or 22K gold jewellery, 91.6 gm of pure gold is added. By the percentage, one might think KDM gold is better due to 92% gold but it is not hallmarked and 22K gold is. Buying BIS 916 gold provides you guarantee on purity and fineness as it’s certified.

Q7. How do I calculate KDM charges on gold jewellery?

KDM gold charges depend on the prevailing gold rate at the time of your purchase. However, through the given formula you can calculate the final price of your jewellery:

Price of gold X (Weight in grams) + Making charges + GST at 3% on (Price of jewellery + making charges)

Q8. What do hallmark, 916 and KDM jewellery mean?

Brief explanations of these three are given below:

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