When request for cashout is made, it goes directly to Payoneer. Payoneer then notifies you of payment, you load it on to your card via internet, then you take your card to the ATM and receive your cash. Or you can simply use it like a debit card anywhere that accepts Mastercards. It is international so it can be used worldwide.
I applied for mine, was approved the next day and it was in my mailbox 7 days later. Pretty good timing, I'd say!

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