Payoneer For Payments? Be Very, Very Cautious!
I had never heard of them before, but fair enough, when the job was complete I went to their web site to pay him. I was immediately concerned when as well as the standard information associated with making online payments, they also asked for my driver's license number and social security number. I was extremely uncomfortable but I needed to pay the guy so I gave them what they asked for.
No more than thirty minutes after I had authorized the payment, I received the following email:
We're sorry but we were not able to approve your credit/debit card payment request #####That was 7 days ago. The problem is, they have NOT released the hold on my funds. I have emailed them repeatedly but to no avail. Meanwhile, I cannot pay the guy who did the work for me. He's out of pocket and so am I!
Your credit/debit card has not been charged. The temporary hold on the funds will be released automatically within a few business days. You will not be charged for this payment.
The reason we were not able to approve your payment request is administrative and related to Payoneer's policy. The decline was not made by your bank or by your card issuer. For more information regarding Payoneer's decision to decline the payment, please contact the owner of the Payoneer account which you attempted to load funds to.
Unfortunately, due to security measurements, Payoneer cannot provide you with the reason why the transaction was decline, and can only tell you that the problem was NOT on your side.
I have contacted my bank of course, but they tell me that because it's classed as a "hold" on funds and not a completed charge, there's nothing they can do.
So be warned - DON'T TOUCH PAYONEER WITH A BARGEPOLE!!!!!
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