Why is Payoneer asking for a work contract?

Payoneer, a financial services company that provides online money transfer and digital payment services, may ask for a work contract for a couple of reasons. Firstly, it’s a part of their Know Your Customer (KYC) process. KYC is a standard banking policy to prevent identity theft, financial fraud, money laundering and terrorist financing. The work contract helps Payoneer to verify your identity and understand your business to ensure that it complies with their policies and regulations. Secondly, it helps Payoneer to understand the nature of transactions you’ll be making. If you’re receiving payments for work, they want to ensure that the work is legitimate and falls within their acceptable use policy. It’s important to provide accurate and complete information to avoid any potential issues or delays with your account.