Is Payoneer Safe? What You Need to Know

Whether you are an individual or a company looking for a payment solution, you may be interested in Payoneer. The platform has been around for almost twenty years and allows you to transfer payments internationally with zero effort.

Payoneer is well-suited for businesses and freelancers. Its fees are reasonable, and you can switch between different currency options. Becoming a customer requires just a few simple steps.

Is Payoneer legit? Overall, the payment service has plenty of security features. However, there are steps you can take to ensure the highest level of protection. This review outlines them.

Security Measures Necessary When Using Payoneer

Scams are almost omnipresent online, and no payment service or even bank app is protected from them. Still, Payoneer is a safe-to-use provider, and by taking certain measures inside your account, you can essentially protect your transaction from any possible security issues. To begin with, we recommend that you familiarize yourself with what is payoneer all about on our website. Here are the steps that should help boost your virtual safety.

Never open phishing emails

Such emails aim to steal your account data, such as your email address, username, password, credit card information, etc. A thief hiding behind such emails tries to pretend to be a trustworthy entity, such as, for instance, the Payoneer platform itself, asking you to confirm your email by clicking a suspicious link. Once you click the link, all your confidential account data will be sent to the scammer.

Create a strong password and keep it secure

Is Payoneer safe and legit? Sure, and it provides secure consumer protection, especially compared to lesser-known players on the market, but there's no guarantee you'll never get scammed. No scam will ever hurt you, and you will significantly improve your secure encryption if your Payoneer password is really strong and no one except you knows it.

The main characteristics of reliable passwords are:

• Both upper and lower case letters;
• Consisting of letters, numbers, and special symbols (%, @, #, $, ^, etc.);
• No less than 8 characters long.

Look after your devices

This is another piece of advice for those concerned about the safety of the Payoneer account. You should keep your devices (such as your mobile, tablet, or laptop) with you and lock them with PINs or passcodes in case you leave them.

Apart from this, it’s also essential to follow these simple recommendations:

• Better not install root programs or applications on your devices, as those .exe files may be programmed to steal your account details.
• Enable the Remote wipe security function, which allows the permanent erasing of your device data if your device is stolen or lost. If turned on on one of your devices, it will remove all the confidential data on the lost device so that neither the thief nor any stranger will ever get your Payoneer password.

Enable two-step verification in your Payoneer account

This step will increase the success of your Payoneer profile protection so you can affirmatively and confidently answer the question, “Can I use Payoneer safely?” and feel safe online. The concept is simple: you correctly input your password, but instead of immediately opening your account, the system sends a security code to your phone. With such an approach to your Payoneer account, you can be calm about the safety of your money there.

This feature can be turned on the following way:

1. Go to “Settings” and click the “Security Settings” option under it.

2. Under the “Two-Step Verification” option, click “Turn On”.

3. Enter the mobile number on which you want to get verification codes.
4. After you confirm the feature activation, you’ll immediately receive the code on your mobile device and enter it.

However, you should note that if you have a new Payoneer account without funds, the Security Settings option will be unavailable.

Avoid disclosing your Payoneer credentials on unsecured websites

It’s known that Payoneer is the #1 payment platform on Upwork, Fiverr, and other international freelancing sites. The Payoneer account is safe. However, not all platforms are secure in terms of adding Payoneer as a payment method. If you see that adding Payoneer is like an issue on a website, you’d better stop it to prevent the leakage of your confidential data.

Never use public Wi-Fi Networks

Connecting to free Wi-Fi when you’re on the road, in a local cafeteria, or even some business offices can be a great temptation, but you’d better forget about this idea once and for all. Why? By connecting your device to such a network, you practically open the gate for thieves and scammers to find their way into your system, together with all your confidential data and payment credentials.