Thank you for visiting our Community Forum. For anything community-related please visit our SMB Network (https://www.payoneer.com/community/) or Resource Hub (https://www.payoneer.com/resources/). For support inquiries please visit http://paynr.co/ask.

Why i have been asked for Business verification when my Account is 'Individual'.

Jannatul_Ferdous
Jannatul_Ferdous Member Posts: 1 ✭
in Ask The Community
I opened my Payoneer account selecting the 'Individual' option. But Payoneer is asking for business verification. I do not have a business. normally Payoneer asks for other verifications. But I do not know why I have been asked for business Verification. please help me out with this.

Answers

  • Hussain_K
    Hussain_K Member Posts: 2 ✭
    me too
  • GordonN
    GordonN Member Posts: 1 ✭
    Me too
  • Herchelle
    Herchelle Member Posts: 3 ✭
    Hello. Was this issue of you guys now resolved? Because I am in the same situation now and I would like to ask for your assistance. Was your money put on hold until you did the
  • Hannah_Payoneer
    Hannah_Payoneer Confirm Email, Member Posts: 449 ✭✭✭

    Hey, there @Herchelle Payoneer is an industry-leading global payments company that enables millions of businesses and professionals from more than 200 countries to grow globally by facilitating seamless cross-border payments. Additionally, thousands of leading corporations and marketplaces rely on Payoneer’s mass payout services to send funds to their beneficiaries worldwide. With Payoneer’s fast, flexible, secure, and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally, as easily as they do locally.

    In simple terms, Payoneer is designed for business/company payments only.

  • Herchelle
    Herchelle Member Posts: 3 ✭
    Thank you for your feedback @Hannah_Payoneer. I was just worried that my money will be put on hold.
    My concern is, I registered as Individual, because I honestly do not have a business to register to begin with. Was it not automatically filtered that is why I was still asked to verify or provide business details? And until now, the notif is still in my settings. Will it not affect my salary in some ways?
  • Hannah_Payoneer
    Hannah_Payoneer Confirm Email, Member Posts: 449 ✭✭✭

    Hi @Herchelle you will eventually have to provide the details of what you are doing for work, it does not have to be your personal business(if you do not have a business) but it should be related to why you are earning money. The sooner you provide the details the quicker it can be reviewed and then should not interrupt your payments.

Categories