ED Magedson – Founder
Payoneer Payoneer prepaid visa Exorbitant fees, excessive fees, punitive fees, Internet
I received a payoneer mastercard because I had paid a $250 deposit for a trip I was going on. If I went on the trip i would be refunded the deposit, and it was given to me on a payoneer card. Unfortunately for me I didn't find out until a couple of years later that I was getting charged several dollars A MONTH in fees on my card for not using it.
In all I paid $71.50 in fees on a $250 balance. 28.6%! On a prepaid cash card. This was not a loan, this was a pre-loaded cash card, and they charged that much in fees. I didn't use the card abroad, I didn't get a cash advance, they just charged exorbitant fees. DO NOT use them.
I am looking into filing a class-action suit against them so to the extent any one has had similar experiences or a class-action suit is already in progress I would like to participate. Does anyone know if there are states where charging these fees would have been illegal?
(my cities/states of residence during this period)
New York, New York
Santa Monica, California
This report was posted on Ripoff Report on 07/11/2013 10:54 PM and is a permanent record located here: http://www.ripoffreport.com/r/Payoneer/internet/Payoneer-Payoneer-prepaid-visa-Exorbitant-fees-excessive-fees-punitive-fees-Internet-1066377. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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