Payoneer Card Frozen Temporarily

Payoneer Card Frozen Temporarily or suspended. Payoneer MasterCard, the popular medium for withdrawing money from online. Also from purchasing from various marketplaces and shopping online. But it has been temporarily shut down. All Payoneer prepaid MasterCard has become obsolete indefinitely. This means that if you have a Payoneer MasterCard, you can no longer use it. The MasterCard balance in your Payoneer account has also been temporarily frozen. That means you will not be able to withdraw that amount for the time being.

Payoneer reports that they have temporarily frozen the account balances of MasterCard users. And they hope that you will be able to withdraw this money again in the future. However, at this time, you will not be able to withdraw the MasterCard balance in your Payoneer account indefinitely.

The card issuing service is provid by Wirecard Card Solutions Limited, a UK company.The original owner of the company, Wirecard Card Solutions Limited, is a German company called Wirecard AG.

Notice From Payoneer

Recently Wirecard AG faceing issue in a financial scandal. About 200 million disappeared from the company’s account. Marcus Brown, CEO of Warcard AG, resigned, and arrest in Germany. Within days, Wirecard AG began the process of declaring itself bankrupt. That’s the reason for payoneer card frozen temporarily. 

The UK Financial Regulatory Authority (FCA) then suspended all card operations at Wirecard Solutions. Payoneer says that since Payoneer’s prepaid MasterCard has been issued by Wirecard Solutions in the UK, your Payoneer MasterCard will no longer work. You cannot make any transactions with it at this time. You will also not be able to use the money you brought to Payoneer with this MasterCard – until this legal issue is fix up.

Can money accept in Payoneer's account?

Yes. Now you can withdraw money in your Payoneer account in a new way. To withdraw that new balance, you can withdraw your new balance from Payoneer in that bank by adding your own bank account with Payoneer.

Various online freelancing marketplaces such as Upwork, Fiverr, Freelancer.com, 99 Designs, etc. offer money withdrawals to members through Payoneer’s prepaid MasterCard services. Now after the wirecard incident, everyone has to think anew.

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