Payments received are loaded directly to the Payoneer card
A slightly technical question:
To circumvent dreadfully slow payment by cheques and instead receive direct deposit payments from say Amazon, one needs an american Bank Account. And thats what Payoneers US Payment Service is for. In my case the bank is 'First Century Bank' and Payoneer has given me an (checking) account-number and a Bank Routing Number to use when registering with one of the white-listed US companies.
On the back of my Payoneer card it states that the card is issued by Choice Bank Limited in Belize and in Nissims pinned post "What Is The Us Payment Service? How does it work?" he writes "All payments received are automatically loaded to your Payoneer card". As I read it my money is INSTANTLY transferred from the american 'First Century Bank' to Choice Bank Limited in Belize
I assume that the account in the American 'First Century Bank' is a 'NON interest bearing account'. These days theres a lot of talks about the FATCA agreement and my question as a 'Non-resident Alien' is: Will 'First Century Bank' exchange or report anything about my account to IRS?!?