Originally Posted by Petra

Major news outlets have recently reported that the Canadian payments processor PacNet Services Ltd. is currently under investigation by law enforcement for involvement in mail fraud schemes.

For a minimal portion of our payment routes, Payoneer relied on PacNet as third payment party payment provider. Upon learning of the allegations against them, Payoneer immediately ceased all business operations with PacNet.

This development surprised Payoneer as it did the entire payment industry. We are currently in the process of finding alternative methods and routes for those previously served by PacNet. As such, some of the payments you have recently issued may be delayed.

Your patience and understanding in this matter are greatly appreciated.