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 countries listed by the US government as having strategic AML (Anti-Money Laundering) deficiencies.
After May 31st, you will no longer be able to use the card inside Pakistan. However, you will be able to make online purchases with international websites (that are not located in Pakistan). You will also be able to continue receiving payouts and private payments into your Payoneer account. Please note that you will be able to use the Payoneer card regularly outside of Pakistan at any place that accepts MasterCard.
- You will be able to use card outside of Pakistan at ATMs.
- You can still make payments to online merchants except Pakistani merchants.
- You will be able to receive private loads and partner payouts.
- No more new cards for Pakistani users.
- No ATM withdrawals within Pakistan or other restricted countries.
A good news for all those who have to pay hosting bills and was worried of service suspension. Also being an optimist I see opportunity in this situation, there are workarounds available for receiving payments from Payoneer after May 31st.
For example you can fund your MoneyBookers account from Payoneer card and then receive these funds using SWIFT transfer to your Pakistani bank account. You will lose extra few dollars but you will still be able to receive funds.
Something is better then nothing 🙂 Meanwhile we should continue to air our voices so that Pakistani law makers may hear us.