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  1. R

    Is payoneer going to be safe with the wirecard scandal going around?

    Here are the real questions we should be asking : 1- Why was AG Wirecard bankrupt ? Did they lose the money or was it because their stock dropped due to the 1.9 billion missing scandal? ie. the money was a lie and it was never there in the first place, so nothing to worry about. 2- The 1.9...
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    Is payoneer going to be safe with the wirecard scandal going around?

    Ok guys, I think we can relax I found a really reassuring information on the FCA's website : "Safeguarding is a key consumer protection measure within the EMRs and the PSRs. The purpose of safeguarding is to protect and return customer money if a firm was to fail. Wirecard is required under...
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    Is payoneer going to be safe with the wirecard scandal going around?

    OK, what I understood is that the German branch filed for bankruptcy and that's why the funds were frozen by the FCA. So there is no reason to worry because : a- they were not declared bankrupt, so your money should be safe b- the UK government froze the money early enough so they can't access...
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    Is payoneer going to be safe with the wirecard scandal going around?

    Thing is, there is this statement on the website : 22. FUNDS PROTECTION The Prepaid MasterCard is an electronic money product and although it is a product regulated by the Financial Conduct Authority, it is not covered by the Financial Services Compensation Scheme. No other compensation...
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