Payoneer Payment System
My Payoneer Nightmare: A Cautionary Tale of Poor Service and Sneaky Fees
summarizeEditor's Summary
I signed up for Payoneer's corporate account in January 2024, expecting a hassle-free way to make international payments. But things quickly took a turn for the worse. Payoneer's build quality is its poor customer support – they'd rather rack up fees than help you out. I'm sharing my story to warn others about the potential pitfalls of using Payoneer for your business needs. With hidden fees and poor service at every turn, my experience was a total disaster.
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live_helpFeatured FAQ
What are the fees associated with using Payoneer's corporate account?
Payoneer charges various fees for its corporate account, including a monthly maintenance fee, a transfer fee, and a receiving fee. These fees can add up quickly, especially if you're making frequent transfers.
How do I withdraw funds from my Payoneer account?
You can withdraw funds from your Payoneer account to a personal bank account, but be aware that there may be fees associated with this process. You can also use Payoneer's debit card to make purchases or withdraw cash at an ATM.
What is the process for resolving issues with Payoneer's customer support?
If you're experiencing issues with Payoneer's customer support, you can try reaching out to them via phone, email, or live chat. Be prepared to provide detailed information about your issue and be patient, as resolving issues can take time.
Can I use Payoneer's corporate account for international payments?
Yes, Payoneer's corporate account is designed for international payments. You can make transfers to over 200 countries and territories, and Payoneer's website is available in multiple languages.
How do I cancel my Payoneer corporate account?
To cancel your Payoneer corporate account, you'll need to contact Payoneer's customer support and follow their instructions. Be aware that canceling your account may result in a fee, and you may need to resolve any outstanding issues before closing your account.
What is the process for updating my Payoneer corporate account information?
To update your Payoneer corporate account information, you can log in to your account online and make the necessary changes. You can also contact Payoneer's customer support for assistance.
Can I use Payoneer's corporate account for business-to-business payments?
Yes, Payoneer's corporate account is designed for business-to-business payments. You can make transfers to other businesses and individuals, and Payoneer's website is optimized for business users.
How do I track my Payoneer transactions?
You can track your Payoneer transactions by logging in to your account online and viewing your transaction history. You can also set up notifications to alert you to new transactions.
What are the benefits of using Payoneer's corporate account?
Payoneer's corporate account offers a variety of benefits, including easy sign-up, competitive fees, and fast transfer times. You can also make transfers to over 200 countries and territories, and Payoneer's website is available in multiple languages.
check_circlePros
- •Easy to sign up for a corporate account
- •Variety of payment options available
- •Payoneer's website is user-friendly and easy to navigate
- •Fast transfer times for some payment methods
- •Customer support is available 24/7, but often unhelpful
- •Payoneer's fees are competitive, but not always transparent
- •Payoneer's corporate account is designed for international payments
- •You can make transfers to over 200 countries and territories
- •Payoneer's website is available in multiple languages
- •You can track your Payoneer transactions by logging in to your account online
cancelCons
- •Hidden fees for certain payment methods
- •Poor customer support – often unresponsive or unhelpful
- •Payoneer's corporate account is not suitable for businesses with irregular payment schedules
- •Difficulty in withdrawing funds from the account
- •Fees for withdrawing funds to a personal account
- •Payoneer's website is not optimized for mobile devices
- •Payoneer charges various fees for its corporate account
- •These fees can add up quickly, especially if you're making frequent transfers
- •You may need to resolve any outstanding issues before closing your account
