Payoneer Escrow Feedback

[NameOmnia]

Has anyone tried Payoneer Escrow? Can you give some feedback?
Thanks

 

[Domains - Wanted]

They answered me that Bank service is completely unavailable for me (Ukraine)...
Only their MasterCard is allowed.

...You can have payments sent directly to your bank account using Payoneer Escrow. When you login to your Payoneer Escrow account, go to your Account Settings page> click the green link named: Setup Payoneer Payout> click New to Payoneer> select: Direct to Bank Account and add your Ukraine bank account information.

Let me see if I read this right: they allow withdrawals to an Ukrainian bank from the escrow account, but not from the main Payoneer account?

 

[Jurgen Wolf]

My main Payoneer account is old... and it was created to use their MasterCard (this card is already expired)...
I think, this is a reason why Bank withdrawal is not possible there. Only withdrawal to Card.
Probably, to setup Bank service - NEW account is needed (without card)... but it is unnecessary for me, I plan to use their Escrow only...

 

[Jurgen Wolf]

Via recent chat I have asked to switch my main account from Card to Bank withdrawal mode - agent Matteo answered that my account is not eligible and this is impossible.

 

[Jurgen Wolf]

+ I have noticed (Aug'2016): http://community.payoneer.com/en/discussion/comment/114856/#Comment_114856

Hello Artem,

Ukraine is a country that we still support in Payoneer. We even recently added the ability to withdraw money to bank in Ukraine from Payoneer.

The details we provide are designed to assist you in receiving payments to Payoneer. The account allows you to either access the funds with the use of prepaid Mastercard or withdraw it to your local bank account.


So at now I don't understand at all why Matteo rejected my request...

 

[Jurgen Wolf]

p.s. And my old main account is even VERIFIED (I sent all necessary scans to Payoneer a few years ago)...

 

[Jurgen Wolf]

You can have payments sent directly to your bank account using Payoneer Escrow. When you login to your Payoneer Escrow account, go to your Account Settings page> click the green link named: Setup Payoneer Payout> click New to Payoneer> select: Direct to Bank Account and add your Ukraine bank account information.

Then they will verify your entered bank details...
For me this procedure is already pending more than 1.5 days...
Hope they will not request any scans...

 

[Jurgen Wolf]

I guess, it takes there min. 2 business days...
So waiting for Monday, Tuesday...

 

[Jurgen Wolf]

Response from Payoneer after 2+ days:

Thank you for your application for a Payoneer account.

In order to continue processing your application, we request that you provide a copy of your government-issued photo ID, such as your national ID card, passport or driver's license.

Once we receive this, we will be able to continue processing your request.

We are sorry for any inconvenience and we highly appreciate your cooperation.

 

[Jurgen Wolf]

I have replied that new/another Payoneer account is unnecessary for me at all, and that all required scans were sent a few years ago for my OLD Payoneer account which is VERIFIED.

If it will not be enough - I don't plan to send any scans again and to use them.

 

[Jurgen Wolf]

Totally since evening Jan'31 my adventure with Payoneer Escrow is going... and still can't use it...

 

[pokainc]

I had a deal with Payoneer yesterday, I used their "request a payment" system, now it's asking for a government ID from ME (Canada) and the BUYER (US).

1- Apparently had to go to Escrow.Payoneer.com instead of going to Payoneer.com to request the payment where the Escrow tab doesn't exist or to the least is not evident at all.

2- Apparently you need an Escrow.Payoneer.com as well as a Payoneer.com account to be able to do the transaction and be able to withdraw funds.

3- Apparently even in Payoneer's Escrow service, they may at any time ask for Government ID
from the buyer.

How is this simple for domainers

So basically, not very different from ESCROW.com!! which is the whole reason I was switching over.

As a result, my buyer who is a professional but hasn't heard of Payoneer doesn't want to provide sensitive info to a company he doesn't know. Deal is in limbo now. Won't say what name, but it was for $1000 US.

 

[Jurgen Wolf]

My bank details have been approved today.

 

[Brandon Abbey]

I had a deal with Payoneer yesterday, I used their "request a payment" system, now it's asking for a government ID from ME (Canada) and the BUYER (US).

1- Apparently had to go to Escrow.Payoneer.com instead of going to Payoneer.com to request the payment where the Escrow tab doesn't exist or to the least is not evident at all.

2- Apparently you need an Escrow.Payoneer.com as well as a Payoneer.com account to be able to do the transaction and be able to withdraw funds.

3- Apparently even in Payoneer's Escrow service, they may at any time ask for Government ID
from the buyer.

How is this simple for domainers

So basically, not very different from ESCROW.com!! which is the whole reason I was switching over.

As a result, my buyer who is a professional but hasn't heard of Payoneer doesn't want to provide sensitive info to a company he doesn't know. Deal is in limbo now. Won't say what name, but it was for $1000 US.

There seems to be some confusion regarding Payoneer and Payoneer Escrow. The vast majority of buyers on Payoneer Escrow do not have to provide government issued ID to submit payment to escrow, only exception cases. As for sellers, they have the choice of receiving payment from escrow directly to their bank account (globally) or to a Payoneer account, where they have multiple withdrawal options (bank transfer, to a prepaid MasterCard card, etc.) and have access to other benefits.

 

[pokainc]

Thanks Brandon, the help privately also is much appreciated

 

[Jurgen Wolf]

@Brandon Abbey

https://payoneer-escrow.custhelp.com/app/answers/detail/a_id/22079/
Here is shown $45 for international wires instead of proper $15 (as I know)... Please correct this page...

+

If the payment is made via credit card (for payments under USD 2,000), an additional fee of 3% will apply.
It must be paid by the Buyer?

 

[Brandon Abbey]

Thank you for bringing that to my attention.

As a seller you have the option of whether of not to accept credit cards for your sales. CC fees are paid by the seller.

 

[SpareDomains]

Just completed my first payoneer escrow transaction a few days ago. Basically...

1) Signed up at https://escrow.payoneer.com/
2) Added my bank details for payment disbursement
3) Generated an invoice for buyer with escrow fees to be paid for by the buyer as usual

Buyer paid, pushed domain, they get a day to dispute anything, if no disputes then funds released straight to my bank. Was more of a test to see how things go there as liked Brandon when he was with Escrow.com and basically who I've used for 14 years. Since everything went smooth I've replaced the Escrow.com banner with a Payoneer Escrow banner on one of my domain sales sites and I'll be using them exclusively from here on out pending things continue to run smooth like this first transaction has. Can't comment on other payment methods as I'm in the USA and have always just used ACH straight to the bank which results in $0 deductions from me. I have a regular Payoneer account but wasn't needed since I was using ACH payments as bank details for payment can be added direct inside the https://escrow.payoneer.com/ account.

 

[wwwweb]

Just completed my first payoneer escrow transaction a few days ago. Basically...

1) Signed up at https://escrow.payoneer.com/
2) Added my bank details for payment disbursement
3) Generated an invoice for buyer with escrow fees to be paid for by the buyer as usual

Buyer paid, pushed domain, they get a day to dispute anything, if no disputes then funds released straight to my bank. Was more of a test to see how things go there as liked Brandon when he was with Escrow.com and basically who I've used for 14 years. Since everything went smooth I've replaced the Escrow.com banner with a Payoneer Escrow banner on one of my domain sales sites and I'll be using them exclusively from here on out pending things continue to run smooth like this first transaction has. Can't comment on other payment methods as I'm in the USA and have always just used ACH straight to the bank which results in $0 deductions from me. I have a regular Payoneer account but wasn't needed since I was using ACH payments as bank details for payment can be added direct inside the https://escrow.payoneer.com/ account.

Good experience, but they need to get that CC limit up to $5K

 

[Cdomains]

I had a deal with Payoneer yesterday, I used their "request a payment" system, now it's asking for a government ID from ME (Canada) and the BUYER (US).

1- Apparently had to go to Escrow.Payoneer.com instead of going to Payoneer.com to request the payment where the Escrow tab doesn't exist or to the least is not evident at all.

2- Apparently you need an Escrow.Payoneer.com as well as a Payoneer.com account to be able to do the transaction and be able to withdraw funds.

3- Apparently even in Payoneer's Escrow service, they may at any time ask for Government ID
from the buyer.

How is this simple for domainers

So basically, not very different from ESCROW.com!! which is the whole reason I was switching over.

As a result, my buyer who is a professional but hasn't heard of Payoneer doesn't want to provide sensitive info to a company he doesn't know. Deal is in limbo now. Won't say what name, but it was for $1000 US.

What are we down to now?

Just Sedo escrow and Epik escrow.

 

[pokainc]

Never used Epik, not really familiar with them.

Used Sedo a few times, and as mentioned in a prior post, since Brandon was helpful in resolving some issues, I'm using Payoneer Escrow also. So far so good.