Question Regarding Inactivity Fee

JoePay55
JoePay55 Member Posts: 4
I have a few questions. I don't plan on getting a Payoneer card, just using the account to receive payments.


1. If I leave my account open for a year with no activity and the balance of my account is $0 will I be charged the $29.95 fee for being inactive?

2. If I am charged the $29.95 fee and there is no money in my account will it be taken from my outside bank account or will I have a negative balance in my account?

3. If it does create a negative balance on my account and I return and start using my account again will it attempt to recoup all past $29.95 inactivity fees before allowing me to have a balance?

4. If I know I wont be active on my account for a year can I close out my account?

5. If I close out my account is it possible to reopen it at some point in the future?

6. Can closing a Payoneer account effect my credit score?

Thank you to anyone who takes the time to a

Comments

  • Hannah_Payoneer
    Hannah_Payoneer Confirm Email, Administrator, Moderator, VIP Member, Community Mod Posts: 448 ✭✭✭✭✭✭✭

    Hi there @JoePay55

    Thanks for making a clear list!

    1) If you do not have any balance you will not be charged the $29.95 fee

    2) We cannot charge from your outside bank account, and you will not go into a negative balance

    3) As stated before you will not go into a negative balance.

    4 +5) If you close your account you may not re-open your account, you could open a new account though.

    6) There should not be a connection between your Payoneer account and your credit score

    If you have any further questions please let us know!

  • JoePay55
    JoePay55 Member Posts: 4
    Thank you Hannah.
  • Mhan
    Mhan Member Posts: 3
    Ok Thank you