Does Payoneer require verification for account setup?

Yes, Payoneer does require verification for setting up an account. This is a standard procedure to ensure the security and authenticity of the user. The verification process usually involves providing personal identification documents such as a passport, driver’s license, or national ID. Additionally, Payoneer may also require proof of residence, which can be a utility bill or bank statement. This process is crucial to prevent fraudulent activities and to comply with international regulations.