Payoneer Blocks its Debit Master Cards for Pakistan
i have got a Debit Master Card from Payoneer through info links for getting payments in that card.Payoneer,which allows its customers to receive their payments onto a Debit MasterCard that is reloadable through western union, internet (via credit/debit cards) and other similar means, I was very happy because its the easiest and quick way to recieve money.Some days ago i was just checking my mailbox and found a mail from Payoneer that all Payoneer cards will be blocked for transactions in Pakistan from 31, may.
Payoneer in an email to its customers said that card holders residing in countries listed by the US government as having strategic Anti Money Laundering (AML) deficiencies won’t be able to use Payoneer debit master cards.
Other countries on the list include:
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.
Payoneer was widely used by freelancers to charge their customer. They used to give a url where customers could pay the bills using their credit cards.
This is going to be another blow for countless freelancers of Pakistan, where receiving payments from foreign personals is already very tough.
Payoneer sent following email to their customers in Pakistan:
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.
Payoneer Customer Support