Why is Payoneer asking for my business details?

Payoneer, a global payment platform, often asks for business details to ensure compliance with international financial regulations and to provide a secure environment for transactions. These details may include your business name, address, type of business, and more. Providing these details helps Payoneer to understand your business better, which in turn allows them to offer tailored services and support. It also helps in preventing fraudulent activities and money laundering, ensuring a safe and secure platform for all users.