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BDFL - Memuneh
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#272495 27-Jun-2020 11:30
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A heads up for anyone using Payoneer that funds in those account may be frozen due to the use of bankrupt Wirecard as the card issuer. 

 

Incoming funds go directly to the prepay card up to the US$ 5000 limit. The UK regulator has frozen the card issuer, Wirecard Card Solutions Limited (WCSL) so if you have anything under $5000 in that account you won't be able to use the money through the card or withdraw to your bank account.

 

More background:

 

Note that Payoneer itself is not the problem as they just use Wirecard to issue cards and manage the card transactions.

 

You should have just received an email about it:

 





 

 

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Geekzone broadband switch | Eletricity comparison and switch | Hatch investment (NZ$ 10 bonus if NZ$100 deposited within 30 days) | Sharesies | Mighty Ape | Backblaze | Amazon | My technology disclosure 


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BDFL - Memuneh
67785 posts

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  #2515486 1-Jul-2020 08:17
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The situation has been cleared up by the UK regulator now.

 

You can resume using the Payoneer cards online, in real life and ATMs (fees are dropped). Bank withdraw will be available again next Monday. 

 

I've just used my Payoneer card online and it worked as expected.





 

 

These links are referral codes

 

Geekzone broadband switch | Eletricity comparison and switch | Hatch investment (NZ$ 10 bonus if NZ$100 deposited within 30 days) | Sharesies | Mighty Ape | Backblaze | Amazon | My technology disclosure 


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