New to payoneer - Global Payment System - Do they ask sender docs?

[epalat]

I signed up for Payoneer, and I plan to use the wirecard bank for incoming SEPA transfers from other EU countries.

The first transaction could be aprox $10k. Is this considered a high amount for their system?

If I already submitted all documents for my business account, what are the chances that when recieving the transfer they will ask for additional documentation of the sender?

 

[LegitBananas]

If this is a new account with not many transactions then 10K can be a lot for their system. I've had some payments frozen by them before but always resolved by answering questions about my business (website address, etc.) They never asked information about the sender.

 

[JohnLocke]

I'm curious how dit you get that Payoneer account? As far as I understand it's not possible just to signup for an account there right?

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[epalat]

Admin said:
I'm curious how dit you get that Payoneer account? As far as I understand it's not possible just to signup for an account there right?
Click to expand...

Yes, you can. The signup process takes 5 min, and then they askedi n matter of hours documentation to prove the company exists, they also do background checks to make sure the ID of the invidividual is valid, as well as the bank account of the business in the foriegn country is also valid. Its a breeze.

 

[AgReeReciveD32]

have payonneer visa or mastercard ?

 

[kislokan]

I had to do a zoom call with them when first opening the account. Never had any freeze or anything

 

[rss]

They closed my account with no explanation at all after approving all my docs.
Tried funding my account with a 100 usd test transfer from my other business bank account and after a few hours they blocked every single feature and refunded my 100 dollars and closed my account.

To this day, they haven't been able to tell me why. I would not recommend them.