Indiegogo and Payoneer partnership?

MintMistMintMist Posts: 1Member
Can you please clarify why Payoneer do not want to engage with Indiegogo? Because there is demand for such option around the world.

If Payoneer considers that money-laundering or fraud may occur under crowdfunding excuse - then maybe Payoneer can coopereate with Indiegogo to develop mechanism which would allow to use Payoneer as withdrawal method?

Thank you

Answers

  • KazPayoneerKazPayoneer Posts: 253Confirm Email, Member, Administrator ✭✭✭✭✭✭✭

    Hi @MintMist, thanks for the good question.

    When we create a relationship with a partner we have to make sure that with the current banking regulations and international law, we can support a partnership. There are other variables that are at play during that process as well - and issues with money laundering, fraud, or theft with these crowdfunding is a major concern for us especially when you take into account the different regulations that we have to comply with. In fact, crowdfunding is actually against our terms and conditions due to these factors.

    We hope one day to support Indiegogo, or even Gofundme in the future. If we have any news about this, you will be notified as usual, but of course, there's no time frame on this. It may be that we will not be able to support the crowdfunding industry as a whole. Ultimately, no way to know for sure without time.

    Thanks!

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