Is Payoneer safe to use for money transfers?
Absolutely, Payoneer is a safe and legitimate platform for money transfers. It is a licensed provider of money transfer services, and all transactions conducted through Payoneer are encrypted using secure socket layer technology. Payoneer is a member of the Financial Conduct Authority (FCA) in the United Kingdom and is licensed to provide cross-border payment services across the European Economic Area (EEA). It also complies with all the necessary regulatory standards in the United States, including the Bank Secrecy Act and the US Patriot Act. However, as with any financial transactions, it’s always prudent to keep an eye on your account and report any suspicious activities immediately.