Increase in Payoneer Private Load Time?
I've already posted in the support thread and sent a support email yesterday and haven't heard back so I was just wondering...
Has anyone else noticed private loads taking longer to load onto your card? I got one the day before yesterday and it said it won't be loaded until 7/17. It usually only takes two days...
Thanks
Re: Increase in Payoneer Private Load Time?
Wow, that's crazy. I used to use private loads frequently until my last one took hours to be authorized (instead of the usual 5-15 minutes.) Some have theorized that Payoneer is trying to make private loads less appealing so they're not used as often... taking forever to go through and then a FULL WEEK to load is certainly one way to go about that.
Re: Increase in Payoneer Private Load Time?
I get direct deposit through Payoneer and it still says "Please allow up to 3 business days for the funds to arrive in your account." Same as always.
Or are you talking about customers sending you money through Payoneer?
Re: Increase in Payoneer Private Load Time?
Quote:
Originally Posted by
SoloDesire
I get direct deposit through Payoneer and it still says "Please allow up to 3 business days for the funds to arrive in your account." Same as always.
Or are you talking about customers sending you money through Payoneer?
Yeah private load is someone sending you money directly, not getting paid from a site.
Re: Increase in Payoneer Private Load Time?
Quote:
Originally Posted by
Procrasturbator
Wow, that's crazy. I used to use private loads frequently until my last one took hours to be authorized (instead of the usual 5-15 minutes.) Some have theorized that Payoneer is trying to make private loads less appealing so they're not used as often... taking forever to go through and then a FULL WEEK to load is certainly one way to go about that.
If they're going to make changes like that it'd be nice to know ahead of time. I had someone send me money expecting to use it for a bill.
Re: Increase in Payoneer Private Load Time?
I really thought it was always like that. You see that the charge was made and went through, but the money has always taken about 2-3 business days to actually be useful in your account. I've never heard of a private load taking 15 minutes ever...it literally can't because of the way credit card charges work.
On the business side, we did have a model where it took a full 2 weeks for her funds to clear, but 3 days is pretty standard.
Re: Increase in Payoneer Private Load Time?
The way private loads have worked for me for years is the payment from the customer is approved and it takes two days for the funds to load onto my card. Same with loads from a partner (cam site or what have you).
Re: Increase in Payoneer Private Load Time?
Quote:
Originally Posted by
KatyBoleyn
I really thought it was always like that. You see that the charge was made and went through, but the money has always taken about 2-3 business days to actually be useful in your account. I've never heard of a private load taking 15 minutes ever...it literally can't because of the way credit card charges work.
On the business side, we did have a model where it took a full 2 weeks for her funds to clear, but 3 days is pretty standard.
I meant that normally it's approved within 15 minutes or so. The money isn't on the card but it goes from "Pending Approval" (at which time it is very unsafe to provide the show or w/e--I've had loads get kicked back during this time bc the guy put his info in wrong, didn't have enough money in the account, etc) to "Load On Estimated Date" (or something like that) where it's relatively safe, assuming the guy doesn't attempt a chargeback. It's been approved and the load is happening, just not for another 2-3 business days. I used to trust it for shows with very good regulars and they didn't mind waiting a few minutes for it to clear, but a 3+ hour wait before I have any idea if it worked is just too much.
I've never had a private load take a full week though... usually it's 2-3 days, I think it might have been 5 days once or twice.
EDIT: Oh, I just thought of something! The times when it took 5 days for me were when the customer used the ACH option instead of a credit/debit card. Maybe that could have been partially responsible for the 7 day wait.
Re: Increase in Payoneer Private Load Time?
Payoneer has said before they dont want to be used by performers as a payment method for customers. A performer posted in here before about how they closed her account down because she was using it as a payment processor for cam shows. That could explain the change in private load times. Perhaps to verify funds and cut back on chargebacks.
Re: Increase in Payoneer Private Load Time?
Quote:
Originally Posted by
Procrasturbator
EDIT: Oh, I just thought of something! The times when it took 5 days for me were when the customer used the ACH option instead of a credit/debit card. Maybe that could have been partially responsible for the 7 day wait.
Maybe that's it.
Re: Increase in Payoneer Private Load Time?
I had a private load yesterday (credit card) which is taking longer than normal to load also.