Now that we're growing the forum I felt like a Payoneer thread was essential. Everyone can share their experiences, questions, and so on about this provider here.
I've never used it myself. Honestly I don't think I'd dare deposit five figures a month into it. It's mainly for high-risk businesses or in challenging locations.
Still I'm very curious, since I still interact with them a lot. I see major affiliate platforms and ad ops promoting them as a provider. Also have I travelled a lot this year and several taxi and hotel companies asked me to pay them on Payoneer etc. just a few examples.
Extremely bad.
I opened an account, I was approved, made a $50 deposit and the account got frozen instantly.
Clean LLC, no crypto or anything remotely suspicious.
They didn't even give me the option to appeal it or anything, just straight up cut my wings before I could even take off 🤣
I used to have some personal accounts but never really used them. Very easy to trick them with photoshop.
I had a kosher corporate account for some years, it was running quite smoothly until they facilitated stealing of a substantial amount of money (high 6 figures) from it. I sued them but they claimed the right defendant was a different Payoneer entity in another jurisdiction, where I would not recover enough legal fees to make it worth. So I moved on.
Perhaps for some small fraud op it’s still an option.
I know many people who use Payoneer to receive payments for their freelance work, with transfers up to $5,000. They live in various countries, including outside Europe, and have never experienced any issues.
I know many people who use Payoneer to receive payments for their freelance work, with transfers up to $5,000. They live in various countries, including outside Europe, and have never experienced any issues.
Yes, their target customer is probably the small freelancer in third world countries.
