Payoneer Blocked in India

7.1.11
Due to instructions from the Indian local banking authorities, Payoneer Prepaid MasterCard cards will be blocked for local purchases (POS Purchase) made in India within the next few hours, and ATM transactions will probably be blocked soon after.



Your Payoneer card continues to be functional anywhere other than India (including transactions made online on global websites), and all funds in your account are secure.

Other payment companies have experienced similar restrictions in the past, and most have been temporary and have taken a few weeks to resolve the situation. Payoneer and MasterCard are working with local banking regulators to address the situation. Payoneer is also preparing alternative ways for you to continue to receive payouts, and expects you will be able to continue to receive your payments in the future. We apologize for the inconvenience and will keep you informed.

We have opened a special mailbox for you to communicate with our Customer Support. Please feel free to contact us at IndiaSupport@payoneer.com.

dated 1/7/2011 1:31 am.

oDesk transfers might become a problem in India.

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1 Responses:

SSA GROUP said...

Even I got the same email. Payoneer was easy and secure withdral option for us as an Indian freelancers. This is VERY SAD from my point of view. But still oDesk is giving an optional withdraw method for us...

oDESK have just launched Local Funds Transfer as a Beta in India. This is a direct transfer from oDesk to your local bank account in Indian Rupees for $1.99 USD per withdrawal. Once added, your account will become active in 1 day.