If you are concerned about what will happen to your hard-earned money after your Payoneer card that has a balance expires then you having nothing to worry about. So today we will be looking at:What happens to my Payoneer balance after I renew an expired Card? In this article I will try to answer some common concerns from the perspective of a user who has been using the card for a while but has never had the need to go through the process of a renewal.
What Happens after an old Card Expires?
When an old Payoneer Card expires or is about to expire you will be given notice about 3 months in advance. You can request a new card that will be sent to you very quickly in my case. The card should be the new version which tends to look much different from your current card and in my case feature improved technology. I also notice that my new card is marked with the currency it contains in my case: USD currency. This marking works well when you have Payoneer in other currencies such as Euros and Pounds.
When the new card arrives activate it and sign the back of the card as you did the last card.
What about my previous Balance?
Your previous balance will be transferred to the new debit card from Payoneer after a few hours. After which the old Card will no longer function. You need to give this time, Payoneer says it will take 2 hours but this may take longer depending on the time of day and whether its a week day, holiday and so on so keep the old card on hand and give it more time than stated.
Will I need to change or update My payment information to get payed with the new Card?
Now another headache is that you might think you will need to update your banking information Given to Payoneer with Places you work online that normally pay you. well you don’t have to. Payment methods and everything will be transferred over to the new card automatically.
What If I did not have a Balance and my Card has not been used for a long time?
In such a case where your card has not been used for a long time and/or you do not have a balance you will not get the option in your account to renew your card it seems. You will most likely need to give Payoneer a call.
How long does a Payoneer Card Last till Expiration?
A Payoneer debit Card will be good for 3 years after which they will expire. They also work and have similar technology as a regular Master Card except it’s a debit card and funds have to be preloaded from companies you work with online before you can use it.
My Experience with the Renewal Process:
I had to recently request a new Card and I had a balance of several hundred dollars. The card was sent out and delivered promptly to me, activation was easy and so far I am waiting for the transfer of my balance to complete. The new card is activated and my old card is still showing the balance while the new card is showed in red. will wait and see if the transfer portion of the process goes smoothly as it should. As well as receiving future Payments on the new card.
I will update you guys on the progress later or you can simply ask your questions below and In the comments and I will gladly answer any of them that I can. So guys this is Ricardo saying goodbye until next time my friend.
My old card will be expired on 10/2018 and i ordered for new card and It should arrive between 19 Nov 2018 and 28 Nov 2018.
So may i use this card until get the new card?
As long as the old card has not expired you can continue to use it. When you get the new card you cant use it either until its activated.
Hello thanks for information….Can you guide me please? My previous usd card has been expired and it has some balance, the new card i received is a euro card, i don’t know why they sent me euro card….Now if I activate that euro card, will my funds be transferred to the euro card or not?
Thanking in anticipation
No The USD Card is Different from the EURO Card, the balance of the USD card can only be transferred to another USD Card after being renewed.If you apply for a new card it should arrive in the same currency as the original. Any other card is different and can only be loaded separately using a service that play in that currency.
My previous usd card has been expired and just few days ago I received payment on it.
the new card i ordered is a euro card, i don’t know why I didn’t get any usd option on it when ordering.
Now if I activate that euro card after getting, will my funds be transferred to the euro card or not?
please help me..
Hi US Payments can only be sent to the US Card as Far as I know and Vise versa. So you can only accept Payments from a US company to a US Card and so on. If you got the EU card in error it can’t be used for receiving US payments. You will have to request a US card it all in the accounts and you can switch between each Card and request a new one. Use a browser on your Computer to see more options in case you are only using your phone. If all else fails contact customer care and let them help you out.