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/reports/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.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
Advertisers above have met our
strict standards for business conduct.