I received a mail that says Payoneer prepaid masterCard program will shutdown on May, 27. Will it affect me if I don't have Payoneer cards, I usually withdraw to my Payoneer account and then to local bank?
Kanan I, are you Russian? If not, you probably missed the point.
So Upwork informed Russian freelancers about that because Payoneer prepaid MasterCard® will no longer be available for users with addresses in Russia.
Below is the quote from Upwork's message:
Payoneer has advised us that this is because local regulatory authorities in Russia have placed new restrictions on the cards. As a result, if your address is in Russia, the Payoneer prepaid MasterCard® program will end and Payoneer will deactivate any cards on May 27, 2020.
If you currently have a Payoneer prepaid MasterCard®, Payoneer has told us that any remaining funds on the card as of May 27, 2020, will be transferred to your Payoneer account.
Since withdrawing your Upwork earnings to a Payoneer prepaid MasterCard® will no longer be an option, we will remove these cards from Upwork accounts by May 27, 2020.
On the other hand, basically Payoneer allowed and confirmed that it is possible to change billing address to the country other than Russia and then card will not be blocked.
My question is: if I change billing address of Payoneer card and keep it working, will you still remove the card from withdrawal method? Will you remove this method automatically for all the Russians or depending on the further information from Payoneer?
Dina and Mikhail,
Payoneer is no longer able to continue with the Payoneer prepaid MasterCard® program in Russia due to new local regulatory requirements concerning prepaid MasterCard®. For this reason, we removed this payment method option on Upwork. By May 27 these cards will be removed from Upwork accounts.
Additionally, please note that Upwork freelancer accounts have to reflect the freelancer's actual location.
That's what I am asking about, does this new regulation affects physical Payoneer cards only or it means complete removal of Payoneer payment option? The one I'm using now is called "Payoneer debit card"
Iurri, if you can have Payoneer Global Payment Service access, you should be possible to make ACH transfer from Upwork to Payoneer for 1% fee. It is definitely not the same but it is possibility.
If only MasterCard plastic is prohibited, why close the entire Payoneer? This service is very convenient. Support Payoneer, says that in addition to plastic, all other functions of the payment system will continue to work in Russia.
I ask you to clarify the moment regarding the withdrawal of funds to Payoneer without a plastic MasterCard, I can’t understand what obstacles there may be in continuing to work with this payment method.
Valeria, okay, that is clear about Payoneer prepaid cards.
Can we expect appearance of the alternative like flat fee for ACH transfer to Payoneer which is provided by the other marketplaces for all the customers, not only from chosen UK/USA/India/Thailand countries? Or Upwork is not interested at all to find any compromise solution for russian freelancers?
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