Posted by Aqeel Syed on May 5, 2010 ·
Today Payoneer support provided details regarding ban and it appears that this ban is limited in nature, its not complete ban for Pakistani cardholders. So please don’t through away your card, keep it as you can still use it partially and have good hopes that this problem may get fixed soon.
Due to a change in requirements from our regulators, we are no longer able to issue cards to some [...]
Posted by Aqeel Syed on May 4, 2010 ·
With Payoneer banning Pakistan, Pakistani freelancer community is very desperate and looking to find ways to solve this problem. First step was to recognize problem, which I discussed here. It happened due to expiration of anti-money laundering ordinance of 2008 and right now Pakistan is lawless when it comes to anti-money laundering & anti-terrorist funding laws. This caused US authorities to [...]
Posted by Aqeel Syed on May 4, 2010 ·
Like every other Payoneer user from Pakistan I became insane after reading support email. However after coming to senses I had done some research about why Payoneer blocked Pakistan. Many readers left comments on earlier post about Payoneer ban for doing protest to Payoneer.
Friends you do not need to protest Payoneer, don’t even have to blame them and they can’t help us in this situation. [...]
Posted by Aqeel Syed on May 4, 2010 ·
31 minutes earlier I received an ominous email from Payoneer support stating that users from certain countries including Pakistan can no longer use their Payoneer card due to new anti-money laundering laws by US government.
Due to a change in requirements from our regulators, as of June 1, 2010 Payoneer cards will be blocked for transactions in the countries listed by the US government as [...]
Posted by Aqeel Syed on May 1, 2010 ·
Straight from my Linchpin Seth Godin,
Bad behavior and irrational decisions are almost always caused by fear. If you want to change the behavior, address the fear.
And yet we don’t.
Instead, we impose an embargo or throw someone in prison. We put a letter in the permanent file or put the employee on a performance improvement plan. We walk away from a prospect or blame a lack of sales on [...]