10 Jul '18, 11pm

Payoneer shutting down escrow service

We just received an email notice moments ago from a representative of Payoneer that “Payoneer is discontinuing our escrow business”. This appears to be effective immediately. Help is offered to “successfully transition our relationship to other Payoneer products that might support your business”. Payoneer offers “a variety of money transfer services such as virtual bank accounts and invoicing with credit card and bank transfer payments and would be happy to support exploration of our services”. The email also stated, “We know the transition away from Payoneer Escrow may not be easy, but we are here to lend guidance and flexibility where possible.” So there is a “wind-down” period of 90 days. This means that the service is no longer offered or supported as of October 18, 2018.

Full article: https://www.thedomains.com/2018/07/10/payoneer-shutting-d...

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