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How reliable is Payoneer nowadays?

scooterguy

Member Plus
Mar 15, 2023
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They've been around forever, and on paper everything looks perfect: US/UK bank accounts to get paid to and easy withdrawals to local bank accounts. They also provide a card that can be used to make purchases or withdraw money from ATMs.

It's true that their service is slightly expensive though. For example, that 3% charge on card transactions. However, it seems that using them mainly to get paid to US/UK accounts and then withdraw that money to local bank accounts around the world, with the occasional card transaction, shouldn't be really that expensive.

I wouldn't use them for one's main businesses though, but for a side business/hobby earning around $10k-$20k a year they don't seem that bad.

But, is there something else that one should worry about when using their service? Are they trigger-happy? Do they block accounts and freeze money for months?

Share your experiences (good or bad) :)