Quote:
Originally Posted by Tapaz
So I got my card with Payoneer... it was quite fast ( 20 days in europe) and now I ve some questions about their limits. I just remember when Epass blocked my card due to limits and I had to fax them ID and all that crap ... now I just opened Payoneer and they only need an ID number. So my question is : will you block the card ( and money inside ) after we go certain limits ( received money ) ?? And if yes what are those limits ? Anyone got this experience ? Of course I m talking about people that get 6K to 10K payments month , not about 200 300 dollars. I need an answer because I dont want to have this issue and blocked money ! Thank you !
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In general, when it comes to payment services, if you exceed $3,000 in any one day, your account may get flagged for review. And if you expect to exceed $10,000 in a relatively short period of time, which could be considered as a long as a month by some services, then expect aggressive anti-money laundering provisions to kick in.
IMHO, likely better to send them your ID and paperwork now (then confirm they have received it and have it on file) to avoid potential AML blocking issues later.
Ron