Payoneer allows organizations to pay people around the world efficiently and securely directly to Prepaid MasterCards” card. Payoneer provide primarily with internet-based service companies that retain the services of contractors, freelancers, affiliates or employees worldwide. Through Payoneer we can transfer our payments and funds directly to the end users’ cards, both payer and payee avoid many of the fees and delays that are often associated with international payments. Cardholders do not need to have bank accounts in order to use the card.
It is announced by Payoneer that all Payoneer cards will be blocked for transactions in Pakistan. If your card is in use in one of the countries listed, it is strongly recommended to use all of your funds by May 31, 2010.
In Pakistan every freelancer use Payoneer card for payments and receipt. Now freelancer are very worried about that Payoneer condition in Pakistan.
Payoneer sent following email to their customers in Pakistan:
Dear Customer,
Due to a change in requirements from our regulators, as of June 1, 2010 Payoneer cards will be blocked for transactions in the countries listed by the US government as having strategic Anti Money Laundering (AML) deficiencies. This change will affect card usage in the following countries: Angola, Ecuador, Ethiopia, Pakistan, Turkmenistan and Sao Tome and Principe.
If your card is in use in one of the countries listed, we encourage you to use all funds by May 31, while transactions are still possible in these countries.
Please note that beyond May 31 your card will continue to be fully functional in all countries not banned by the US government, and we will be happy to load payments to the card without any change.
We apologize for the inconvenience and hope that the Payoneer card will continue to provide you with valuable service.
Sincerely,
Payoneer Customer Support
Can you tell us what was the reasons behind this situation in Pakistan?
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As of June 1, 2010 Payoneer was required by US regulators to stop transactions to Pakistan.
We fully understand the problem this will cause to our cardholders and we are trying to find a solution.
The solution might include additional verification checks to demonstrate to regulators that Pakistanis cardholders can indeed use Payoneer cards..
We will update you as soon as possible. Please know that we, at Payoneer, are doing all we can to find a solution.
Thanks
–Tomer
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