Payoneer Scam

CASE REF 190611-010237
JUNE 2019
US$ 1.083,53


Venezuela is blessed with a great climate and strategic geographic location together with unbelievable natural resources making it potentially the wealthiest country in the world except for decades of corrupt socialist politicians who have converted this once great place into the hemisphere's most impoverished country.

We were once normal citizens with decent jobs and living standards who traveled worldwide and enjoyed the benefits of a stable economy and what our international credit cards were able to offer us in the way of online purchases and travel.

Today nobody wants us and our credit cards are worthless and the majority of once great industries and businesses have closed due to regime confiscation and general bankruptcy.

With our failed state nation our credit cards are useless after being submitted to currency control restrictions since 2005 and we have to look for payment options that we would otherwise never need like anybody in any developed nation and that is why companies like Payoneer and many others come in.

Payoneer located in New York city is apparently owned after online investigation by what appears to be a German British financial conglomerate Wirecard with close ties to German Deutsche Bank and offers Mastercard reloadable debit cards ONLY to non US residents leading them to believe that they are obtaining a sort of "US bank account" whereby funds can only be loaded by payments from US corporations or by payments received between members.

The only reason that I opened an account with Payoneer is because my Venezuelan credit cards are useless due to the currency controls imposed by the regime since 2005 and therefore the use of perfectly legal alternative payment platforms like Payoneer and others are a necessary option to use internationally for online purchases, travel and so on.

Payoneer worked nicely and I was very happy with the service for several years until my card suddenly stopped working without prior warning, so when I contacted Payoneer they told me that my account had been frozen and funds seized due to "violations of terms and conditions" and with no explanation or details offered by their "Customer Help" department (more like CUSTOMER SCAM dept) except some sort of obscure hint of money laundering as if I, a 78 year old retired British consul on the island of Margarita, were to even consider this option when all I ever needed was a simple debit card for normal international use on Amazon, domain registration, travel and other expenses

As I say, they have found a way of preying on foreign residents like me to steal their money and easily get away with it 

I guess that they use US government sanctions imposed on Venezuela regime leaders as an excuse to "freeze" accounts and STEAL the money of those innocent bystanders like me who have absolutely nothing to do with the government!

I wonder how much money they collect yearly by using this neat scheme to scam their victims?

Respectable companies close accounts and return money if they do not want your business anymore but Payoneer are NOT a respectable company but what I am led to believe is an organised crime outfit that opts to STEAL money from their defenseless non US resident "customers" who have little or no chance of getting their money back for the same non US resident status they are under.

I shall continue to denounce Payoneer everywhere for what they are until such a time that they return my US$1.083,53 to my daughter's US BANK account Paypal, AirTM, or whatever account is supplied by me