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why PayPal and Virtual banks should be avoided ?

Why PayPal and Virtual banks should be avoided ?


PayPal and Virtual banks



 Virtual banks should be avoided in the absence of all legal documents ... Pioneer - PayPal - Skrill and ...


It is not necessary to put large sums of money in virtual banks, especially if you do not belong to the country to me, as the service is provided in it and under the umbrella of the law of that country, and here we were talking about America and Europe...


In the eyes of African countries, you are breaking the law, and in the view of the default bank, it is a customer who has a legal loophole and has full authority to close the account without your consent and without compensation...


Wirecard has declared bankruptcy to evade responsibility... I mean, the amounts are for me. The cards are suspended until the end of the financial investigation together with the company... Either the state intervenes to save what can be saved... Or sell the company's assets and everything it owns to compensate people, etc.. Eventually the small accounts will remain suspended indefinitely and we will see the proposed solution from Payoneer and wirecard....




In the event that the payoneer company decides to return to its customers the outstanding amounts due to the bank cards previously paid to the wirecard.


This process will take a long time until the completion of the investigation by the FCA and the implementation of the following decisions:


- must not dispose of any assets or funds.


- must not carry on any regulated activities.


- must set out a statement on its website and communicate to customers that it is no longer permitted to conduct any regulated activities.


Quite simply, the wirecard company does not have the funds to return to its partners due to embezzlement and free fall in the stock market....


So, payoneer is currently waiting for the FCA’s decision regarding Wirecard, and in the event that the dues are not available, the payoneer company is obligated to compensate the customers... and this in itself is a fatal blow and the beginning of the collapse...especially since everyone wants to withdraw their money as soon as possible....


For reference, payoneer has amended its rules regarding Article 22.

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