Payoneer

[Fiscal]

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.

Anyone have any experiences? Good or (very) bad?

 

[Marty McFly]

I find Payoneer quite irrelevant. Much better alternatives around.

 

[rss]

Anyone have any experiences? Good or (very) bad?

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 🤣

 

[JohnnyDoe]

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.

 

[JohnnyDoe]

I just checked and they closed all my accounts. No idea why. But who cares.

 

[CEO]

It's a CRAP.

 

[Justit]

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.

 

[JohnnyDoe]

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.

 

[CEO]

Yes, their target customer is probably the small freelancer in third world countries.

I heard even African freelancer suffer from this crap. They seize even 1 or 2k and ask for SoF 😅

 

[Justit]

Yes, their target customer is probably the small freelancer in third world countries.

It is already a 90% success once we know the real target audience of a payment institution and not what they claim in the ads/ their website

 

[CEO]

It is already a 90% success once we know the real target audience of a payment institution and not what they claim in the ads/ their website

The same scenario repeat day after day, they have no real target audience, they love hidden fees. Give it to them and they will love you so much 😂😍