Metabank Replaces First Bank of Delaware to Hold Payoneer’s Funds
Are you still using your Payoneer card? I am not using that card as often as before, because I am quite contented with the transfers that I do from Paypal to Unionbank to Smart Money.
Payoneer card for oDesk
-I read an announcement posted in my Payoneer account yesterday. Metabank replaces the First Bank of Delaware as the issuing bank. Here’s a snippet of announcement posted within my Payoneer account:
On February 9, 2009 , MetaBank will replace First Bank of Delaware as the issuing bank for the Payoneer Prepaid MasterCard card accounts.
The transition to MetaBank will not affect card usage. You may use your card as usual without interruption in service or security. Please access your Terms and Conditions for changes.
Now this might explain why the First Bank of Delaware bank account suddenly dropped from my list of Paypal bank accounts. I used that virtual bank account a few times to transfer funds from Paypal to Payoneer (this feature is NOT available yet for all Payoneer card holders). This means I have to add that virtual bank account again with Paypal. I will still have to try adding that bank account again in a few weeks.
Payoneer is an alternative for me to withdraw cash from oDesk, but this card can also be linked to other websites such as ReviewMe, Elance and GetAFreelancer. It is a lot similar to a Paypal account, but this one is a Mastercard debit card that can be easily used to withdraw cash or to pay for purchases.
Steve
February 8th, 2009 at 7:57 pm #
That is not the reason your account was dropped. My Virtual Account is working fine. You prob tried by mistake to take funds out of the Virtual Account and PayPal kicked it off there system because of the chargeback.
Read this
http://alansmoneyblog.com/2008/11/16/payoneer-virtual-us-bank-account-review/
Gem
February 8th, 2009 at 9:08 pm #
I will still have to ask both parties the real reason why Paypal dropped my virtual bank account. I think there was no chargeback – if there is then I should have received an email notice claiming that one.
Pastilan
February 9th, 2009 at 12:25 am #
I received the same email too two days ago.
I hope it would soon be possible to connect Paypal with Payoneer card.
Pastilan´s last blog post..The Siterra System
loy
February 12th, 2009 at 11:20 am #
I have a Payoneer card through ReviewMe, but I’m afraid to use it. The withdrawal fees seem high. Have you tried withdrawing from your Payoneer card using our local ATMs here?
loy´s last blog post..Obama Doppelgangers on the Loose!
Internet cash Blog
February 17th, 2009 at 2:11 am #
Thanks for the update I uses payonnier but i don’t long in all the time.
Gem
February 17th, 2009 at 11:59 am #
Yes withdrawal fees are higher when you use Payoneer, and I can’t withdraw every dollar from my Payoneer account – I’ve used this several times.
You might find these tips useful: a previous post on saving more from Payoneer withdrawals