Payoneer Card Tax Free?

borderfox said:

Forgive me dragging up an old thread - but it seemed the most relevant to my query. I understand the point you made in that the employer (i.e. payoneer affiliate) most likely carrys out reporting of earnings in accordance with state laws. However, is this inclusive of any monies loaded to the card directly (now that payoneer offers this facility)? Is the payoneer affiliate aware of this aspect of funding - or only concerned exclusively with transactions made through their service/website?

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Hi guys,

As Tomer mentioned a couple years ago )), we are not a company that pays for jobs, we only facilitate payments. As such, we have nothing to report to begin with. This includes the private loading feature - at no point are you requested to enter why you are receiving the payments, and we don't have any way of knowing why the money is being transferred. For all we know, it's a parent transferring money to their kid's card.

Please note that we DO adhere to all application laws and regulations (USA and worldwide), however, and if a government agency were to come to us with a court order for information, we would comply, but all we could do is show what your bank would be able to show, what funds have gone in and out of your account, not what type of funding it was.

sapo said:

I am not sure about this, but I do know they have my SSN # so I think If you start to funnel decent money through them you should make sure. I have no money with them got it when I used to be with cpa lead .

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As I mentioned above, we have no way of knowing where your funds are coming from, so even if we had to "report" something (which we haven't so far), it wouldn't be anything that could hurt you. But your partner, were they contacted, may be required to, so you really should talk to them to find out their policy.

we are getting money in our payoneer account from top most USA Companies like google,facebook etc..So they took service tax before they pay to you and our government(I'am from india) don't know about this money because we didn't provide any tax id's(in india PAN CARD).may be the govt don't know about the money in payoneer account but it is tax free amount which we are earning.