General News

First Choice Pay Goes Into Liquidation

First Choice Pay is not loading funds onto pre paid cards as the bank behind it goes into liquidation

Published Tue 10th Apr 2018
By itsAdult / General News

First Choice Pay Goes Into Liquidation

 


 

First Choice Pay (formally known as Payoneer) has gone in to Liquidation.

It is reported that funds already on your pre loaded cards remain unaffected, and you can continue to withdraw any funds already loaded. However they are now unable to load any additional funds.

First Choice Pay is used by a lot of adult platforms

Customers with pre paid Mastercard should not panic. Your money should be safe until the various paltforms that use Choice Bank seek another payment processor which means you need to re apply and set up a new account. Alternatively, you could sell your content on ItsAdult.com or a site run by webstream.co.ukj if you want to aoid the risk of a payment processor going bust

Our understranding of this from a variety of sources is that any money due to be paid out will be returned to source ie the platform paying out to you to await instructions on other alternatives to pay you

So meanswhile, fear not. Its an inconvenience but at least it will be rectified in the course of time

 

 

 

 

 

 

 

 

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