I don't know exactly what was OP's reason, but unless you have a good reason, i don't really see the point. If you don't use the account and your balance reaches zero and it stays like that for a few months, they automatically disable the card, you won't end up owing money. If you want to use the account again later at any point, you can ask them to unblock the card or issue a new one, if it's already expired.So you can't close a payoneer account ?
I don't know exactly what was OP's reason, but unless you have a good reason, i don't really see the point. If you don't use the account and your balance reaches zero and it stays like that for a few months, they automatically disable the card, you won't end up owing money. If you want to use the account again later at any point, you can ask them to unblock the card or issue a new one, if it's already expired.
Apparently you can close the account though, but it appears to be a rather lengthy process.
It's in their help section: https://payoneer.custhelp.com/app/answers/detail/a_id/7960/kw/account blockedWell that's alwys better to close something you don't use. Never know, if there are fees or what (or in the future) or US gov claim taxes, etc.
Also this in not clear when you say "balance reaches zero and it stays like that for a few months", how many months? and where is it stated on payoneer sites? thx
Until you don't receive payments, the balance is zero, so there's no inactivity fee. Practically the first payment activates the card. Once you received your first payment, they will deduct the card activation fee, which is $5 for me, maybe it's different for you. After you have a positive balance and you use your card at least once per month, you won't pay the inactivity fee either. I keep seeing this annual fee mentioned, i'm not certain about this, i've never paid it, that's for sure. I guess this is account dependent too. I got this card i have now via Fiverr, i had multiple cards from Adultfriendfinder and Chaturbate too, but i've never paid the annual fee.thanks mate for all these infos.
I wasnt aware there were inactivity fees.
I am planning to use payoneer with Amazon US associates (I'm outside US). I don't know when I will start earning commissions, maybe 4/5 months after registering. So I will have to pay those fees every month plus the annual card fee ($30). That's not so cheap. Anyway that's the only solution to get my amazon payments so I guess I dont have the choice...