Payoneer is among the finest solutions for transmitting and receiving worldwide payments. Provides flexibility and payments scheduling for small businesses. Payoneer is mainly used to receive payments for e-commerce and freelance work.
FinTechs have made payments easier to send and receive. However, there are some risks associated with it if you are new to it. It is necessary to know whether or not Payoneer is safe and legitimate.
You should be very careful about payment frauds that happen in the online world. We will try to explain Payoneer tricks to our readers in this article.
How does Payoneer work?
Payoneer is a trusted solution for international and digital payments. Everything can be tracked and managed virtually.
You can easily register and start using it without any physical or complicated verification process.
Supports more than 150 local currencies and more than 200 different countries. It is used as a digital payment option in Google, eBay, Airbnb, Amazon, Upwork, Fiverr, Rakuten, and many more.
You can send and withdraw money using the Payoneer and Mastercard app and website as well. It also supports local bank transfers.
One can schedule and request payments via Payoneer utilizing a bank account or credit card. USD, GBP, EUR, CAD, AUD, and JBH are some of the popular local currencies supported by Payoneer.
Is Payoneer safe?
The most common question that we will try to answer is, is Payoneer safe and legitimate? There are many digital payment options available globally.
Payoneer is a well-recognised, legitimate digital payments solution provider that has been in business since 2005.
It is MSB (Money Service Business) registered under US regulations and operates with PCI Level 1 data security mechanism to ensure maximum user protection from scams and scams on its platform.
All systems and networks are audited annually for their PCI data security standards. Its transactions are fully protected by firewalls from various cyber attacks.
Payoneer provides advanced account protection against phishing, identity theft, and other fraudulent practices. You are notified of every transaction made on your account.
Tips to Avoid Payoneer Scams
Digital payment methods are good for fast transactions, but there are some risks as well.
You must be very wary of scammers who are always behind your Payoneer account. Here are some top tips for avoiding Payoneer scams.
Do not share your login information
The login credentials are very sensitive which directly helps in accessing your account. Sharing it with an unauthorized person could be disastrous.
There might be someone through a text, call, or email pretending to be Payoneer customer support.
They hound users to share their login information as instructed by the company.
Payoneer requires its users not to share account login details with anyone even with customer support. Make sure you are using the real Payoneer URL to log in.
Use a stable username and password
Hackers and scammers use random usernames and passwords to hack them. It is advisable to employ robust usernames and passwords for your Payoneer account.
Long, easy-to-remember single-character passwords are at risk. Use at least 8 characters, including uppercase and lowercase letters, symbols, and numbers.
For example, “12345” is the easiest password to hack and login to your Payoneer account. While “A @ 12345? It is a relatively strong password.
Ignore spam and phishing email
Spam and phishing emails are prevalent methods employed to hijack Payoneer accounts.
Their goal is to steal login information, username, credit and debit card information, and other important data.
It is difficult to distinguish phishing emails because of their identical URLs. It may be subject to verification of your account details.
If you click on these emails and follow their instructions, they can hurt you financially.
Your account information will be sent directly to the scammer.
Phishing sites use copies of real sites with the same homepage, logo, and information. Which encourages users to click and continue with confidence.
Ignore and report spam and phishing emails in order to save people from such scams.
Monitor your account activity
Continue to regularly check your account activity, transactions, withdrawals and history. View balance history and current status.
If something goes wrong, change your account password as soon as possible.
Keep your devices safe
Payoneer account can be accessed from mobile phones and desktop devices such as PCs and laptops.
They have all login information stored for quick login. Criminal players hack your devices through virus and malware attacks.
The main objective of the breach is to steal financial or other confidential information. Keep your devices safe from these elements with strong password protection.
Installing third party software, apps and tools also exposes your device to attackers. Always install apps and software from trusted sources.
Using public Wifi networks to log into Payoneer can also be vulnerable. Use a secure data connection and VPN to keep your information and device safe from attackers.
If the device is stolen or stolen, use the remote wipe tool to delete your personal and financial information from the device.
If they gain access to your device, your data will definitely be misused. Keep these devices with you or in a safe place to avoid any mess.
Enable two-factor authentication
Payoneer offers an extra layer of security with its two-factor authentication feature. You can turn it on from the security settings tab.
Mandates an operational phone number to obtain authentication codes with every login endeavor.
If someone gains access to your account login information, they will be prevented with an additional login code that can be accessed through the phone number added.
Enabling two-factor authentication can ensure the security of your account. Reduces the risk of unauthorized access.
Use on trusted sites
Payoneer is a popular way to receive payments online through freelance websites like Fiverr, Upwork, and People Per Hour. It has other uses and money withdrawal options.
Always use it on trusted sites, which guarantee payment and data security. The site that Payoneer will use must have a self-signed SSL certificate.
Easily visible through the browser, it is a padlock that appears to the left of the site URL. Make sure before you enter your Payoneer credentials on unsecured sites.
What personal data does Payoneer collect?
Payoneer collects the following information when you register with it.
The user’s actual name, email, phone number, address, date of birth, national identification number, and other personal information of the user
Bank account information associated with Payoneer
Track user activity through cookies and Google Analytics
Business information
User’s location and any other necessary documents shared during the verification process
All personal information collected above is used to identify the user. Cookies are used to improve user experience.
Phone numbers and email are required for future communication, messaging, and account security.
The main purpose of collecting personal information is to combat fraud, money laundering and other financial irregularities.
Payoneer’s Privacy Policy and TOS contain all the information that a new user must agree to before proceeding.
Final thoughts
Payoneer is a legitimate and secure digital payment method. In my personal experience over the past 3 years I have never experienced any theft or fraud.
By following the above tips, you can keep your account safe from scammers. It is a top-tier solution for transmitting and receiving worldwide payments.
Frequently Asked Questions
Is it safe to create a Payoneer account?
Payoneer is a provider of digital payment solutions that comply with the Payment Card Industry (PCI) standards. You can register through the browser and the app simultaneously.
Follow the registration steps and provide the required information. It is intended to keep users safe on Payoneer.
Is Payoneer legit?
Payoneer is 100% legit company like PayPal. Popular freelance websites such as Fiverr, Upwork and Freelancer.com accept as payment gateway.
It has millions of satisfied users around the world. I am also one of them. I have made over $10,000 in transactions in the past two years. Didn’t experience any problems.
Can someone hack my Payoneer account?
Generally speaking, it is difficult to hack any Payoneer account if two factors are enabled. Payoneer has a strong security system.
However, there are chances of hacking, if you don’t follow Payoneer guidelines. Incorporate the aforementioned tips to safeguard your account against such activities.
