"Financial Ghetto" for Russians: Payoneer payment system stops work in

The report states that all the working accounts of the Russians will be closed on December 16, 2022. Payoneer support has specified that the service is terminating in the Russian Federation because of "new operational restrictions in the region". "The funds sent to your Payoneer account after December 8 will be returned to the sender in connection with the restrictions in service," Payoneer said.

It should be noted that the Payoneer payment system is represented in more than 200 countries, operates with 150 currencies and serves more than 4 million clients. In March 2022, the payment system joined large -scale international sanctions against Russia, closing the registration of new accounts from the Russian Federation.

But as the focus was able to find out, from spring users from Russia could not register directly with Payoneer, but they still had the opportunity to receive payments from international platforms. "Payoneer's activity in the Russian Federation is abbreviated, but receiving funds from microstics and withdrawal to banks is still working.

Despite the fact that since March 9, 2022, Payoneer has removed the Russian Federation from the list ISTOCK, ShUTTerstock, Pond5, Vectorstock, Pixta and Motion Elements, ”Oleg Goretsky said. In the latter case, Payoneer system was a payment provider for international platforms and was obliged to continue making payments on behalf of these partners Exit from the Mastercard and Visa market, as well as switching SWIFT created many inconveniences for the Russians.

However, non -cash payments, in particular, cross -border, have not finally stopped. Oleg Goretsky tells about the consequences. - If the card is issued by the Russian bank, all transactions are carried out in normal mode before its expiration, but it is impossible to carry out a transaction or a foreign bank account. And with Mastercard and Visa, issued abroad, no money is received in Russia. We will remind, in the United States decided to partially weaken sanctions against Russia.