Due to Payoneer’s prepaid card issuer Wirecard AG filing insolvency, Payoneer restriction has been placed temporarily on their prepaid cards for users outside of the US.
“Wirecard AG filed for insolvency on June 23, 2020, and this morning the UK Financial Conduct Authority (FCA) issued temporary restrictions on Wirecard Card Solutions Limited (WCSL), Wirecard AG’s subsidiary, freezing all card activity.” — UPwork
This morning started with the unwanted email received from the Upwork. They mentioned the Payoneer restriction for account holders that are outside the USA. This is the disastrous news for freelancers globally. Payoneer is the most used withdrawal method.
However, Payoneer restriction only applied to the MasterCard Users. Payoneer has advised that any new funds sent to your Payoneer account can be withdrawn to your bank account. Click here! for more information regarding Bank Withdrawn from Payoneer.
You can view FAQs about this issue in our Payoneer help article. Payoneer has also assured us that their customer support team is available and prepared to answer any questions. If you have additional questions, please contact them directly.